Both Romanian or foreign companies can establish bank accounts in the country, in Romanian national currency (LEI) or any other foreign currency. All Romanian banks offer the establishment of bank accounts in at least 3 currencies: LEI, EUR and USD.

Romanian banks usually charge clients in the following manner:
- commission-fee for setting up the Romanian bank account;
- on-going administration fee – it is charged yearly or monthly;
- commission-fees for deposits or withdrawals;
- commission-fee for closing the account.

Documents requested for the opening of Romanian current accounts differ for each bank. However usually Romanian banks request the following documents for company accounts:

 

- copies of passports/ID Cards of administrators (directors) and shareholders;
- copy of Romanian Company’s Articles of Association;
- copy of the Certificate of Incorporation issued by the Romanian Trade Register;
- Trade Register Extract (not older than 7 days);
- Specimen Signatures

In the case when the shareholder of the Romanian company is another legal entity the banks normally require the shareholder’s Resolution deciding on the establishment of the Romanian company.

There are some Romanian banks which accept to open accounts for foreign companies, however these usually request additional documents for the procedure. Therefore besides notarized and apostilled copies of all company documents (Articles of Association, Trade Registry Extracts, Certificate of Registration) the foreign company will usually be asked to provide proof of registering with the Romanian tax authorities.