How does a current account, or cont curent, work in Romania?

A cont curent holds everyday money and can receive income, send transfers, support card payments, and pay regular bills through a Romanian bank.

What is an IBAN for a bank account in Romania?

An IBAN is the standardized account number used to identify a bank account for transfers in Romania and other participating countries.

What should I compare before choosing a bank loan in Romania?

Compare the total repayment amount, interest type, annualized cost information, commissions, repayment flexibility, collateral requirements, and consequences of late payment.

Banks in Romania

Banks in Romania help people and businesses keep money safe, make payments, save, and borrow. Common services include current accounts, debit cards, deposits, transfers, mortgages, and personal loans. The Romanian leu, written as RON or lei, is the main currency used for everyday banking.

Tip

Start with one account for regular income and payments, then separate emergency savings from daily spending. Compare the total cost of a banking product, not only the advertised interest rate. Keep your IBAN, statements, contracts, and security alerts organized so you can notice mistakes quickly.

byAlexandra&Gabriel

Romania has a banking system made up mainly of commercial banks and the central bank, Banca Națională a României, usually called BNR. Commercial banks serve individuals, companies, and public institutions, while BNR supports monetary and financial stability. A common everyday product is a current account, called a cont curent. It can receive salary or other income, hold money, support transfers, and connect to a debit card. Romanian bank accounts use an IBAN for transfers. People also commonly use card payments, cash withdrawals, standing orders, mobile banking, and online banking. Savings may be kept in an ordinary account or in a fixed-term deposit, called a depozit la termen. A deposit usually pays interest for keeping money untouched for an agreed period, but access conditions must be checked before opening it. Banks offer credit products such as a personal loan, credit de nevoi personale, and a mortgage, credit ipotecar. The cost can include interest, commissions, insurance, and other contract charges. Interest is called dobândă, and a bank fee is called comision. A fixed interest rate normally stays unchanged for the agreed period, while a variable rate can change under the contract rules. When opening an account or applying for credit, a bank normally checks identity, income, address, and financial information. A person should read the contract, repayment plan, fee list, and rules for closing or changing the product. Eligible deposits can have statutory protection under the Romanian and European banking framework, subject to conditions and limits. Protection does not remove the need to compare institutions, understand contracts, and keep account security details private.