Updated 2 years ago

Opening a bank account in Romania is not a complicated task. Find out, in this article, how to proceed.

If you have decided to relocate in Romania for a long term, you will probably want to open a bank account there, especially if you are working. This should be quite easy, although procedures generally vary from one bank to another. In any case, having a bank account in the country will allow you receive your salary and perform many other banking transactions. Hence, take the time to inquire on the banking system and on the services provided before proceeding.

 Good to know:

Despite being a member of the European Union, Romania has not yet adapted the Euro. Therefore, the local economy still uses the Romanian Leu, which will remain the national currency until 2019.

Banking system

Romania hosts more than 40 commercial banks, which, in turn, have some 6,500 branches across the country. For instance, the Romania Commercial Bank, the Raiffeisen Bank, the CEC Bank and the Alpha Bank are some of the major banks. Note that the whole banking sector is governed by the National Bank of Romania whose head office is found in Bucharest. You can also find many international banks across the country.


To open a bank account, residents are required to call at the nearest branch of your chosen bank with your identity documents, as well as proof of residence such as a utility bill. As for non-residents, they also have to produce their passport, their employment contract, as well as supporting documents regarding their tax residency. Other documents may also be requested by certain banks.

For instance, you are advised to bring your latest bank statements or payslips, or your employment contract if any. Note that you will have to make a deposit on opening the bank account. The amount generally varies from one bank to another.

Types of bank accounts

It is best to inquire about the different types of accounts that can be created in Romania before proceeding. Hence, you can choose between a current account, a savings account, a credit account, etc. Conditions, banking fees, as well as commissions and interest rates will depend on the selected bank's policy. You are, therefore, advised to compare offers made by different banks before choosing.

ATM and cards

Most boutiques and shops that you will find in major Romanian cities accept Visa cards, MasterCard, Star and Plus. However, smaller shops which are found in less important cities and in villages will usually request for payment in cash.

As regards ATMs, known as bancomat in the country, these are available almost everywhere in major cities, in banks and in shopping malls. But these can be quite rare in villages and rural regions.

 Useful links:

National Bank of Romania www.bnro.ro
National Bank of Romania – List of banks in Romania www.bnr.ro/Banks-in-Romania-1724.aspx

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