With only one account you have countless possibilities. The current account is one of the most convenient ways to manage your personal finances. Shopping, bills, payments, salary, pension and any other transactions in lei or currency are now simpler and safer than ever. Moreover, you have full control over your money both in the country and abroad.
What are the benefits that an OTP Bank current account brings you?
Unlimited time: Once opened, your current account will always be valid, until you decide to intervene.
Zero fees: when opening, closing the account, and cash withdrawals from liquidating deposits at maturity.
Transparency: Receive your monthly account statement or whenever you request it, online or by mail.
Order transactions: You can request cash or transfer transactions during our work schedule with the public.
No restrictions: You always have access to your funds and can make non-stop transactions through the Internet Banking service.
OTP Express: You have fast, secure and cheap transfers to Hungary, Croatia, Serbia, Russia, Bulgaria, Slovenia, Ukraine, and Montenegro.*
* Due to the growing number of banks in liquidation in Ukraine, any payment made to this country may be subject to processing delays.
The benefits do not stop here! You can request extra services:
Overdraft: Account overdraft, so you always have funds available;
Transfers and operations in lei and foreign currency, national and international;
Unlimited account access through the OTPdirekt service;
Automatic reimbursement of OTP Bank credit rates from any account you hold;
Attaching the right debit card in order to have greater flexibility;
Opening savings account in LEI, EUR, USD, and HUF for an indefinite period.
How do you open a current account with OTP Bank?
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Frequently asked questions
What is the SWIFT code or BIC code required for foreign transfers to my OTP Bank account?
The code for foreign currency transfers to an account opened with OTP Bank is OTPV RO BU XXX.
Why choose an overdraft?
The account overdraft offers the possibility of obtaining a credit on the account (LEI, EUR) of up to 6 monthly net incomes, the monthly reimbursement representing only interest on the amount used.
Can I receive the pension in my current account at OTP Bank?
Yes, you can receive your pension in your OTP Bank account and we offer you a number of benefits for other purchased banking products and services.
What benefits do I get if I receive the salary in my OTP Bank account?
If you want to receive your salary in your OTP Bank account, you can request an account overdraft feature, where you can receive up to 6 monthly net incomes as the credit limit. You can also request a free MasterCard debit card that gives you access to the amounts in your account. In addition, OTP Bank also offers advantages in obtaining EUR mortgage loans (interest rate cuts during the period of transfer of income).
How much does it cost to open a current account with OTP Bank?
Opening, managing and closing a current account with OTP Bank is free of charge, and in order to do this you need to come to any branch with a valid Identity Card.
Can someone else access the amounts from my OTP Bank account?
The funds in your account can also be accessed by the appointed signatories on that account. These mandates are set by you by presenting yourself to the branch with the authorized person.
How can I receive information about my account at home?
In order to receive information about transactions made in your OTP Bank account, you need to request receipt of the account statement at your home address. You can make this request in the branch from Monday to Friday, 09:00 to 17:00.
Is there a minimum amount I need to keep in my account?
There is no minimum monthly amount you need to keep in your account.
Can I attach a debit card to my account?
Yes, you can attach a Master Card debit card to your account in LEI or EUR. It is issued free of charge and can be used both in the country, as well as abroad.
Can I access my account from any OTP Bank branch?
Your account, regardless of the branch with which you originally collaborated and regardless of the currency in which it was opened, can be accessed at any branch of OTP Bank Romania.
What is the IBAN code?
The International Bank Account Number or IBAN is an account number structured according to ECBS standards (European Committee for Banking Standards), its purpose being to facilitate automatic processing for international transfers. This code has 24 characters in Romania.
When is it better to opt for OTP Express currency transfer?
It is advisable to use such a transfer for foreign currency amounts when the person who receives the money has an account with OTP Bank in Hungary, Croatia, Serbia, Russia, Ukraine, Montenegro or Bulgaria.
How can I find out my account balance?
There are several ways to find out the balance of an account opened with OTP Bank Romania:
• by coming to one of the branches of OTP Bank, with the valid Identity Card;
• if you own a debit card attached to that account, the balance can be found out free of charge on the webpage www.otpbank.ro or by phone at 0800 88 22 88 (free of charge from any fixed or mobile network in Romania) or at + 4021 308 57 10 (also available from abroad), and you need the last 10 digits of the card number and the 3-digit access code.
Is an OTP Bank account required for OTP Express transfer?
Yes, a currency account is required to make the transfer.
What information is required to make a transfer from abroad (foreign currency transfer)?
When making a transfer from abroad to an OTP Bank Account Holder, the sender needs the following data:
• name of the bank: OTP Bank România S.A.
• SWIFT code: OTPVROBU
• the identification data of the beneficiary, OTP Bank account holder (name and surname / company name, address, symbol of the current account in foreign currency)
What products are available for young people?
For people aged up to 26 years we offer specific products such as:
• Junior accounts, with a more advantageous interest for the deposited amounts;
• Junior debit cards, attached to the Junior account, specifically created for young people.
What are the benefits for young people if they request opening a Junior current account?
Junior accounts are addressed to young people aged 26 and above as follows:
• Junior Start - for children up to 14 years old
• Junior Plus – for teenagers between 14 and 18 years old
• Junior Max – for students aged up to 26 years old.
The benefit to opening such an account is the advantageous interest rate applicable to this account and the possibility of opting for different currencies: LEI, EUR, USD, HUF. At the same time, young people aged 14 may also request the issue of a Junior card related to this account.
What is account overdraft?
It is a credit facility granted by the bank to each client, which consists in the possibility of withdrawing from the account a higher amount than the existing one. It is also called overdraft.
What else do you need to know?
At OTP Bank Romania S.A., we have always upheld the fairness and transparency of the activities undertaken by our employees and our clients. Therefore, in accordance with the bank's Know Your Client policy, preventing and countering money laundering and terrorist financing, OTP Bank pays particular attention to transfers of funds in foreign currency to / from offshore territories, as well as external collection and payments operations of clients who have their residence / citizenship / registered office or real shareholders / beneficiaries in offshore territories. That is why we ask our customers for commercial documents that justify transactions that are / will be made whenever they deem necessary.
The main purpose is to classify operations of this type in the legal provisions in force and to analyse the conformity with the object of activity / current business activity of the clients.
No business relationship will be initiated, including the opening of the current account, as well as the acceptance and / or execution of any funds / transactions for the natural persons / legal entities with residence / citizenship in the countries listed here, as well as those whose authorized representatives have residence / citizenship in the countries listed here.
In accordance with the provisions of Law 258/2017 regarding Comparability of payment account fees, change of payment accounts and access to payment accounts with basic services, can be found for consultation the Glossary of Standardized Terms, FID-Information Document regarding LEI fees and FID-Information Document regarding EUR fees.
Useful information, regulations, costs
- Interest rates (pdf, 316.08 KB)
- ReGIS/SENT fees (pdf, 244.51 KB)
- Taxes and Fees
- Terms and conditions for Current Accounts, Debit Cards and OTPdirekt
- All about processing payment orders in RON, foreign currency and foreign exchanges by accounts (pdf, 301.04 KB)
- SwiftNet Fin information note (pdf, 44.19 KB)
- Accepting programme and maximum time line for executing operations (pdf, 87.85 KB)