Romania is situated in eastern Europe and has become a popular destination. Romania is part of the European Union but has not adopted the euro as its currency. Bank accounts can be denominated in euros or local currency, the Romanian New Leu(RON). You get about RON 3 to $1 as at July 2010. Opening a Romanian bank account enables you to pay for goods and services in local currency and is essential if you work or own a property there. You don’t need to pay to convert currency, and ATM withdrawals are free. Most banks offer a full range of banking facilities and are regulated by the Romanian National Bank.
Things You'll Need
- Proof of address
- Evidence of income
Apply in person to open a bank account in Romania. Choose a large bank: They will have the most branches in the country and will have more experience of opening accounts for foreigners. The largest banks are OTP Romania, Banco Romana Pentru Dezvoltare, CEC and Raiffeisen Bank (see Resources).
Select your bank. Call to get requirements to open a bank account in Romania. Minimum requirements will include passport, proof of address and bank statements from your existing bank. If you work in Romania, a work permit is required. You will need to show how the account will be funded.
Make an appointment to visit the bank. Ensure you have the required documents. You will need a deposit to open a bank account in Romania. Complete the application form.
Wait to be notified your account is open. It will take a few days while your identity is verified. Collect your bank cards directly from the bank.