Bank accounts
Banking in Romania is expensive and teeming with bureaucracy. Service may not be the same in Romania as it is in your home country. Every transfer inbound or outbound transfer is taxed by a bank – usually at least 1 euro. For large transfers, bank calculate commissions as a % of the amount which is truly unfavorable for a client. International transfers and currency exchange are costly. Usually, a monthly fee for a bank account is also significant.
The real pain is to set up a bank account for a company in a Romanian bank. A day spent on trials and errors with no success is a common scenario. A new EU regulation from 2020 banned setting-up accounts by a proxy, therefore the owners of a company must do it personally with a full load of company documents in hand.
We take pride in our 100% success rate in opening corporate bank accounts for our clients as part of our all-inclusive package.
Multi-currency bank account
Some of our clients open a supplementary multi-currency account at WISE, which offers a RON Iban number account – necessary for a receipt RON currency. Wise offers a corporate multi-currency account so you can send and receive international transfers without a currency exchange margin. Currency exchange with Wise is much better for customers than with Romanian banks. By signing up for a Wise account through our website you may receive an additional welcome bonus.
We recommend certain banks in Romania if you need to establish your financial credit history for future bank loans.
Business Loans
Romanian banks typically have strict lending policies. A new company is usually required to be run at least 1 year to be entitled for bank loans. We provide a detailed comparison of bank loan offers so you can choose the best offer for you.
Bank loans:
- Overdraft
- Revolving loan
- Factoring
- Investment loans
Private loan backed by property
We offer a private loan from 5 000 to 500 000 euro if we can secure it on your property in Romania or another country. This solution is preferred by start-ups and those who value time. The cost of such loan varies from 16% to 22%.
Personal loans
We work with all banks in Romania so you can get the best priced consumption or mortgage loans for your personal purposes.