Open a current account and benefit from multiple advantages. Over time, OTP Bank has won its collaborators’ trust by providing appropriate solutions for each context. When you access a current account, you will benefit from free interbank payment orders in lei through OTPdirekt, free inter-bank and intra-bank receipts.
In order to save time for things that matter, OTP Bank receives debit instruments such as checks, payment orders, bills of exchange and remits them for collection. Thus, we also provide you the possibility to make payments by cash or fast transfer, to any territorial unit or online through Internet Banking.
What are the advantages of a current account for companies?
Quick and easy access to your money, wherever you are;
Transactions are performed in several currencies;
Access to a range of products and services that will contribute to the success of your business;
Collecting the amounts, in lei or other currency, in the same day, if the payers have the account opened at OTP Bank;
If the payer has the account opened at other bank, the payment in lei is made on the same day if the payment is made through SEP (Electronic Payment System) or on the same day the message SWIFT MT103 was received, for foreign currency receipts, in compliance with the processing time limit;
Through payment orders, funds can be transferred both nationally and abroad;
Zero fees for payments made through the online application, OTPdirekt, between OTP Bank clients or between their own accounts;
Payments can be made using debit instruments (checks, payment orders, bills of exchange);
Payments can be scheduled through the OTPdirekt - Internet Banking application.
Good to know
Starting with 02.05.2019 the submission of payment orders in lei and/or in foreign currency at the Bank's counters by a delegate of a legal entity will be made only based on a slip. This must be signed by a person with signature right in OTP Bank. You can download the slip draft here.
How to get the Current Account?
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Announcement of foreign currency payments and incomings following the withdrawal of the United Kingdom from the EU
For the proper conduct of foreign currency payments and incomings instructed to / received from customers of UK banking institutions, please, from 01.01.2021, consider the following aspects generated as a result of the completion of the BREXIT transition process:
- In order to apply the provisions of Regulation (EU) 2015/847 of the European Parliament and of the Council of 20 May 2015 on information accompanying transfers of funds and repealing Regulation (EC) No 1781/2006, issued to combat money laundering and terrorist financing:
- Payments processed in any currency to customers of UK banking institutions will be accompanied by mandatory information on the payee, namely the payee's name and his payment account number;
- The incomings received in any currency from customers of UK banking institutions will be accompanied by mandatory information about the payer, namely: the name, address and account number of the payer. In the absence of the payer's address, it may be replaced by the official personal document number, the customer's identification number or the date and place of birth. The partial or total lack of information regarding the payer will lead to additional investigations in order to fully identify the transfer order or to returns (in case of SEPA SCT transfers) and delay the processing of foreign currency incomings into your account.
- For the purposes of applying the provisions of Regulation (EU) 2019/518 of the European Parliament and of the Council of 19 March 2019 amending Regulation (EC) No 924/2009 as regards certain charges on cross-border payments in the Union and currency conversion charges:
- The fees charged for payments processed in EUR currency to customers of banking institutions in the UK will no longer be identical to the fees charged for payments made in RON currency in Romania.
- In order to apply the provisions of Directive (EU) 2015/2366 of the European Parliament and of the Council of 25 November 2015 on payment services in the internal market, amending Directives 2002/65/EC, 2009/110/EC and 2013/36/EU and Regulation (EU) No 1093/2010, and repealing Directive 2007/64/EC, transposed into national regulations by Law no.209 / 08.11.2019 on payment services:
- Payments processed in any currency in favour of customers of UK banking institutions can be processed with OUR, BEN or SHA commission depending on the option chosen.
- In order to apply the provisions of Regulation (EU) No 260/2012 of the European Parliament and of the Council of 14 March 2012 establishing technical and business requirements for credit transfers and direct debits in euro and amending Regulation (EC) No 924/2009:
- Payments processed in any currency in favour of customers of UK banking institutions will be accompanied by the BIC / SWIFT identification code of the beneficiary bank.
These changes apply from 01.01.2021, following the withdrawal of the United Kingdom from the European Union and are in line with the press release of the European Banking Authority: https://eba.europa.eu/eba-reminds-financial-institutions-need-readiness-view-brexit-transition-period-ending-31-december.
At the same time, we would like to inform you that the United Kingdom remains a participant in the SEPA SCT Scheme, for transactions in EUR currency.
Payments made to Ukraine
Dear customer, we inform you that due to the increasing number of banks in liquidation from Ukraine, any payment made to this country may register processing delays.
List with countries non-eligible for transactions
There won't be initiated business relationships, including current account opening, as well as acceptance and/or carrying out any funds /conducting transactions for natural/legal entities with residence/citizenshipin the counties listed here, as well as of those whose authorised representatives have residency / citizenship in the countries listed here. Thank you for your understanding.
In accordance with the bank's policy regarding customer knowledge, prevention and control money laundering and terrorist financing, OTP Bank Romania S.A. pays particular attention to the transfer of funds in foreign currency to/from the offshore territories, as well as to the operations of external receipts and payments of customers who have their residence / citizenship / registered office or real shareholders / beneficiaries in the offshore territories, requesting customers justificative commercial documents for the transactions carried out / to be carried out whenever it considers necessary. The main purpose is to classify such operations in the legal provisions in force and to analyse the conformity with the object of activity / current commercial activity of the customers.
Deposits guarantee policy
OTP Bank Romania S.A. is a participant of the Bank Deposit Guarantee Fund in Romania and its depositors benefit from a guarantee, by payment of compensations, of eligible constituted deposits, within the coverage limit as established periodically by law, currently amounting to the lei equivalent of EUR 100.000 for each account holder. This level of coverage limit was established by Law No. 311/2015 concerning deposit guarantee schemes and the Bank Deposit Guarantee Fund, as published in the Official Journal No. 918 from December 11th, 2015. According to law, the notion of a „deposit” means any credit balance, including the interest due, resulting from funds in an account or in transitory situations, deriving from current banking transactions, which the bank should reimburse, according to applicable legal and contractual conditions, including term deposits and savings accounts and which are not included in the list of situations mentioned in the Law specifically as not entering the category of these deposits (art. 3 (5)) of the law mentioned, detailing the credit balances which are not included in the deposit categories defined above). The notion of a „coverage limit” is the maximum level of the guarantee per guaranteed depositor and per credit institution, applicable according to art. 61 par.(3).
More information for depositors can be obtained by accessing the section „Information for depositors”, including the list of deposits excluded from guarantee.
More details can also be found on the website: www.fgdb.ro.