HOW TO OPEN A BANK ACCOUNT IN ROMANIA

The banking sector and, in general, communication with banks have long become an integral part of the life of every ordinary citizen, like receiving social assistance, donations and doing business.

So, let's look at how to open a bank account in Romania, what are the conditions for this and choose one of the most attractive banks in this country.

Romania is a rapidly developing country in Eastern Europe, every year reducing and reducing the amount of taxes and the tax burden on citizens and businesses, a stable and developed banking system. And here it is not surprising that many foreigners turn their attention to this country.

How to open a bank account in Romania?

I note that the opening of a bank account in Romania takes place on the obligatory presence of a person, which makes it impossible to open such an account on behalf.

This is due to the fact that Romanian banks, like the pan-European banking system, require personal authorization of their client, a short interview with him to understand the goals and reliability, and also make sure that their new clients freely express their will.

Also, the main condition for opening a bank account is the presentation to the bank of an individual tax number issued by the Romanian tax authorities.

Therefore, one of the fastest and easiest ways to obtain a tax number for a citizen of Ukraine is to obtain temporary protection status from the Romanian government based on a full-scale Russian invasion of Ukraine. To obtain such a status upon arrival in the country, you need to apply to the Romanian authorities with a request for temporary protection status. The whole procedure will take you up to 30 minutes, after which you will receive the appropriate package of documents on obtaining temporary protection status and, most importantly, along with this, you will receive your individual taxpayer number in Romania, which gives you the right to freely open bank accounts in any bank in the country.

After that, you can contact the branch of the bank you are interested in with an application and the appropriate package of documents for opening a bank account. In turn, the banking institution will get acquainted with the list of documents provided by you, conduct a short interview, where it will ask your goals for opening such an account, approximate circulation of funds, etc. The stay at the bank will take up to a maximum of two hours of your time, after which the bank will take a break to process your face. You will receive an answer to opening a bank account on the third day after the visit of this institution.

I note that, according to the decree of the National Bank of Romania, bank customers must undergo personal authorization at a banking institution every two years.

In Romania, as in Ukraine, every bank client can use Internet banking to manage their funds online. To do this, you need to download the corresponding application on your phone, purchase a SIM card from a Romanian mobile operator and log in to this application.

From my experience, many of our compatriots open bank accounts in Romania in order to entrust funds/deposits to it for the education of children in European universities and return back to Ukraine. I would like to warn you that the SIM-cards of the Romanian mobile operators outside of Romania are valid for 6 months and after the expired period you have to come to Romania to activate and renew your number.

The best banks for Ukrainians in Romania

One of the most common and loyal to customers Romanian banks are:

• Banca Comercială Română (BCR);
• Raiffeisen Bank Romania;
• ING Bank România.

And so we have considered one of the simplest and fastest procedures for opening a bank account in Romania for citizens of Ukraine.

Also, most of our compatriots do not speak Romanian and face communication problems, correct filling in the relevant forms and applications for submission to the bank.

Lawyers of Prikhodko & Partners will be happy to help you prepare the necessary list of documents and together with you will visit the bank branch to submit documents and pass an interview, which will speed up the opening of such an account and convince the bank manager of purposefulness and reliability as a client.