Best Business Accounts for Freelancers in Romania

Managing payments across the UK and Romania while keeping fees and admin under control can be challenging — especially if you're a UK-based freelancer planning to move to Romania or already working remotely from there.

But how do you choose a business account that caters to your needs and helps you manage international payments and finances?

To help answer this question, we’ve put this guide together on the best business accounts for freelancers in Romania, covering leading providers, pricing structures, international payment features, and what to consider before opening an account.

Our list includes Wise Business with information on how it can support international operations for freelancers in Romania.

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⚠️ Note: Provider features, fees, eligibility checks, protections, and timelines mentioned in this article may vary by customer, business type, application outcome, and country. Check the provider’s website and terms and conditions for the most accurate and up-to-date information.

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Register for Wise Business ✍️

Key takeaways

Disclaimer: The UK Wise Business pricing structure is changed on 26/11/2025. Receiving money, direct debits and getting paid features are not available with the Essential Plan which you can open for free. Pay a one-time set up fee of £50 to unlock Advanced features including account details to receive payments in 22+ currencies or 8+ currencies for non-swift payments. You’ll also get access to our invoice generating tool, payment links, QR codes and the ability to set up direct debits all within one account. Please check our website for the latest pricing information.

Discover Wise Business 🔍

1. Wise Business

Features available in Romania:

• Send money to 140+ countries at the mid-market exchange rate with low, transparent fees
• Receive payments in 22+ currencies and counting
• Get local account details for currencies, including USD and GBP (only with Wise Business Advanced)
• Hold money in 40+ currencies
• Convert currencies anytime at the mid-market exchange rate with low, transparent fees
• Use the batch payments tool to create and send up to 1,000 payments in a single transfer
• Get business debit cards for you and your team to keep track of team expenses and spend all over the world
• Connect and sync every business transaction to your favourite accounting software
• Automate payouts with the Wise API (comes with 24/7 customer support, a sandbox account to test integrations, API tokens, and clear documents on how to implement and make the most of the API)
• Earn returns with Wise Interest (capital at risk, growth not guaranteed)

Investments can fluctuate, and your capital is at risk. Interest is offered by Wise Assets UK Ltd, a subsidiary of Wise Payments Ltd. Wise Assets UK Ltd is authorised and regulated by the Financial Conduct Authority with registration number 839689. When facilitating access to Wise investment products, Wise Payments Ltd acts as an Introducer Appointed Representative of Wise Assets UK Ltd. Please be aware that we do not offer investment advice, and you may be liable for taxes on any earnings. If you're uncertain, we urge you to seek professional advice. To find out more about the Funds, visit our website.

Disclaimer: The UK Wise Business pricing structure is changed on 26/11/2025. Receiving money, direct debits and getting paid features are not available with the Essential Plan which you can open for free. Pay a one-time set up fee of £50 to unlock Advanced features including account details to receive payments in 22+ currencies or 8+ currencies for non-swift payments. You’ll also get access to our invoice generating tool, payment links, QR codes and the ability to set up direct debits all within one account. Please check our website for the latest pricing information.

Fees:

According to current Wise Business pricing in the UK:

• One-time setup fee: £50
• Sending money: from 0.24%
• Holding money: free
• Receiving domestic payments (non-SWIFT / non-wire): free
• EUR SWIFT payments: €2.39
• ATM withdrawals: free up to £250/month, then 2.69%

⚠️ The fees mentioned above are for UK residents opening a Wise Business account in the UK. If you are opening a Wise Business account for the first time in Romania, then refer to the Wise Business pricing for Romania.

Register for Wise Business ✍️

2. ING Business (ING România)

ING România is a traditional bank used by self-employed professionals and small businesses in the country.

While its ING Fix account packages are categorized under company banking (IMM), they are presented for company current-account needs and can currently be opened online or in an ING Office.¹

For UK freelancers operating a registered Romanian business entity, ING offers localized support. Although the bank offers an online onboarding application, ING currently also states that accounts can be opened in an ING Office branch.¹

Features available in Romania

Here's what ING Business currently presents for ING Fix company current-account packages in Romania¹:

• Fixed monthly costs, with usual operations included
• Multiple package options, depending on the company’s monthly operations
• Online opening through the Home’Bank app under Produse – Afacerea ta
• Opening through an ING Office
• Package switching through ING Business Web

Fees

According to current ING România business information, ING Fix packages are presented as company current-account packages with fixed monthly costs, and the package simulator notes that its result is indicative and based on average costs at the moment and date of simulation.¹

ING Business is a local account option for day-to-day operations in Romania, but costs can vary depending on the package and operations selected.

Pairing it with a Wise Business account means you can receive GBP from UK clients using local UK account details, convert at the mid-market exchange rate, send RON directly to your ING account, and review the applicable fees before making a transfer.

Disclaimer: The UK Wise Business pricing structure is changed on 26/11/2025. Receiving money, direct debits and getting paid features are not available with the Essential Plan which you can open for free. Pay a one-time set up fee of £50 to unlock Advanced features including account details to receive payments in 22+ currencies or 8+ currencies for non-swift payments. You’ll also get access to our invoice generating tool, payment links, QR codes and the ability to set up direct debits all within one account. Please check our website for the latest pricing information.

3. BCR (Banca Comercială Română)

BCR is one of the recognisable names in Romanian business banking. It currently offers 'George Business', which is a digital banking platform for companies, and its business page states that 170,000+ entrepreneurs have chosen George for their business.²

BCR is part of the Erste Group and offers a dedicated George page for PFAs and liberal professions.³

For UK freelancers who value using an established institution, BCR's digital banking tools make it a relevant option to consider for a Romanian business account.

Features available in Romania

Here's what BCR currently presents for PFAs and liberal professions in Romania³:

• 'George' for business account opening for PFAs
• Current-account administration in lei with zero commission
• Use of the George Micro service with zero commission
• Issuance, renewal and annual maintenance of Mastercard Business or Visa Business debit cards with zero commission
• Incoming payments, including IDEB payments, with zero commission
• Electronic payments initiated through George, including IDEB payments, with zero commission
• Salary payments in lei or foreign currency through a single operation
• Business and personal transactions in a single app through unique authentication

Fees

According to current BCR information for PFAs and liberal professions³:

• Current-account administration in lei: zero commission
• Use of George Micro: zero commission
• Issuance, renewal and annual maintenance of Mastercard Business or Visa Business debit cards: zero commission
• Incoming payments, including IDEB payments: zero commission
• Electronic payments initiated through George, including IDEB payments: zero commission
• Promotional offer from 1 April to 30 June 2026: first month with zero administration costs, followed by 50% reduction in administration fees for 5 months

BCR's George platform is designed to help with day-to-day account management. That said, if you're regularly receiving payments in GBP from UK clients and converting to RON, exchange costs can affect what you receive.

Wise Business lets you hold and convert 40+ currencies at the mid-market exchange rate before sending funds to your BCR account in RON, with fees shown before you make a transfer.

Disclaimer: The UK Wise Business pricing structure is changed on 26/11/2025. Receiving money, direct debits and getting paid features are not available with the Essential Plan which you can open for free. Pay a one-time set up fee of £50 to unlock Advanced features including account details to receive payments in 22+ currencies or 8+ currencies for non-swift payments. You’ll also get access to our invoice generating tool, payment links, QR codes and the ability to set up direct debits all within one account. Please check our website for the latest pricing information.

4. BRD – Groupe Société Générale

BRD stands as a Romanian bank within France’s Société Générale group, and Société Générale is currently described by BRD as one of the largest European financial services groups.⁴

Its core corporate options currently include SMART IMM packages that allow businesses to use RON and foreign-currency current accounts in one package.⁵

Features available in Romania

Here's what BRD currently includes in the SMART IMM base package⁵:

• 2 current accounts in RON
• 2 current accounts in foreign currency, in EUR and/or USD
• 1 business card, including issuing and management fee
• BRD@ffice management fee
• Incoming payments in RON or foreign currency, including checks and electronic promissory notes
• Intra-banking payments in RON and foreign currency through specified BRD channels
• Cash deposits in RON at ROBO and MBA made by the customer’s representative
• Cash withdrawals at BRD ATM, BORBO and MBA using the debit card included in the package

Fees

According to current BRD business pricing for SMART IMM⁵:

• Basic package: 24 RON/month
• 10 interbank credit transfers to other Romanian banks, non-urgent, in RON, initiated online: 28 RON/month
• All interbank credit transfers to other Romanian banks or Treasury, non-urgent, in RON, initiated online: 88 RON/month
• All credit transfers and all clearings through electronic checks and promissory notes: 60 RON/month
• All non-urgent online credit transfers in EUR to SEPA countries, plus all non-urgent online credit transfers in any other currency, including EUR to a bank outside SEPA countries: 70 RON/month

5. Revolut Business

For UK freelancers who prefer digital tools and multi-currency functionality, Revolut Business offers a digital financial setup in Romania.⁶

Revolut Business currently lists RO IBANs in its Romanian Business plan details, allowing eligible business customers to use Romanian account details while managing other currencies inside the same dashboard.⁶

Features available in Romania

Here's what Revolut Business currently presents for international freelancers⁶:

• Multi-currency account accepting more than 25 currencies
• Local RO IBANs
• Corporate physical and virtual cards
• International and local transfers, with allowances depending on plan
• Currency exchange within the app, subject to plan allowances
• Expense management and analytics, depending on plan
• Integrations with accounting, HR and business apps
• 24/7 support

Fees

Current Revolut Business pricing⁶:

Basic plan

Grow plan

Scale plan

Enterprise plan

What freelancers should know

The Basic plan may suit freelancers who want lower monthly costs and basic international functionality. The Grow plan may be more relevant for those with regular cross-border payments or regular FX activity, thanks to higher allowances and additional tools.

Revolut Business is a broad digital option, but costs depend heavily on usage and plan limits, particularly once you exceed the monthly transfer allowances included in your plan.

6. MultiPass

MultiPass is a corporate-grade multi-currency payment account option for cross-border businesses, freelancers, and digital nomads moving funds across multiple global markets.

The platform operates as an electronic money institution (EMI) rather than a local Romanian retail bank; it currently provides an international payment account for Romania that supports RON alongside EUR, GBP, USD and 70+ currencies.⁷

Features available in Romania

Here's what MultiPass currently offers freelancers⁷:

• Multi-currency account supporting RON, EUR, GBP, USD and 70+ currencies
• IBAN details for Romania and global account details
• Supported payment networks including SWIFT, Direct Entry, SEPA, SEPA Instant, Faster Payments and 10+ local networks
• Batch payments
• Business cards
• API tools for automation and financial management

Fees

• Account opening and due diligence: from £500⁸
• Monthly maintenance fee: from £100⁸
• Local EU (SEPA / SEPA Instant) incoming payments: €2⁸
• Local EU (SEPA / SEPA Instant) outgoing payments: from 0.10%, minimum €10⁸
• International SWIFT incoming payments: £20 / €25 / $30⁸
• International SWIFT outgoing payments: £40 / €50 / $60⁸

What freelancers should know

MultiPass may suit freelancers working across multiple countries and currencies. The higher monthly cost may be easier to justify if you regularly send or receive payments in multiple currencies.

However, for freelancers whose international activity is primarily UK–Romania, the pricing may be harder to justify compared to lighter alternatives.

Manage your freelance earnings like a pro with Wise Business

Managing multiple currencies and international payments can become complex as your freelance business grows.

Wise Business offers a multi-currency account designed to help freelancers send, receive, and manage money across borders with transparent fees.

With Wise Business, you can:

• 🌍 Send money to 70+ countries and pay overseas invoices at the mid-market exchange rate with low, transparent fees and no hidden exchange rate markups (product availability varies by region)
• 📥 Receive payments in 24 currencies and counting
• 💵 Get local account details for 8+ currencies, including USD and EUR, to let your customers pay in a currency they know and trust - convenience for them and peace of mind for you
• 💰 Hold money in 40+ currencies
• 🔁 Convert currencies anytime at the mid-market exchange rate with low, transparent fees
• ⚡ Use the batch payments tool to create and send up to 1,000 payments in a single transfer
• 👥 Run payroll and make international payments for up to 1,000 employees all over the world - including paying suppliers using local payment methods like ACH, SEPA, and Faster Payments
• 💳 Get business debit cards with 0.5% cashback for you and your team to keep track of team expenses and spend all over the world, with real-time visibility and categorisation. See full cashback terms and conditions
• 🏢 Manage cash in 55+ currencies across international offices from a single business account and move money between business accounts in seconds (exact speeds can vary depending on individual circumstances and may not be the same for all transactions)
• 🧾 Connect and sync every business transaction to your favourite accounting software, including Xero, Quickbooks, and more
• 🔐 Create your own payment approvals process to manage your team better with customised access for different team members, roles and permissions
• 📑 Create custom professional invoices and schedule invoice payments for future dates
• 📈 Earn variable returns on GBP, USD and EUR with Wise Interest (Capital at risk, growth not guaranteed. Your money is at risk if governments default or interest rates go negative. Rates vary by country and currency. Rates are variable. Visit Wise Interest to find out more)
• 🔗 Create payment links and QR codes to get paid easily (Card payment acceptance for new Wise Business customers is currently unavailable. Payment methods subject to eligibility and availability.)
• ⚙️ Automate payouts with the Wise API (comes with 24/7 customer support, a sandbox account to test integrations, API tokens, and clear documents on how to implement and make the most of our API)

Make the wise choice when selecting a business account for your domestic and global needs.

Be Smart, Get Wise.

Register for Wise Business ✍️

Disclaimer: The UK Wise Business pricing structure is changed on 26/11/2025. Receiving money, direct debits and getting paid features are not available with the Essential Plan which you can open for free. Pay a one-time set up fee of £50 to unlock Advanced features including account details to receive payments in 22+ currencies or 8+ currencies for non-swift payments. You’ll also get access to our invoice generating tool, payment links, QR codes and the ability to set up direct debits all within one account. Please check our website for the latest pricing information.

FAQs

How do I compare business account options as a freelancer in Romania?

When comparing providers, think about how your business actually operates:

• Do you invoice in GBP, RON, EUR, or a mix?
• How often do you convert currencies?
• Do you need a local Romanian IBAN for clients to pay you?
• Do you need admin tools like invoicing or accounting integrations?
• Are branch access or in-person support important to you?

A low monthly fee doesn't always mean lower overall costs. Currency exchange markups and international transfer charges can add up quickly for freelancers working across borders.

What paperwork is required to open a business account in Romania?

Requirements vary by provider, but MultiPass currently states that business account applicants in Romania typically need to provide⁷:

• Passport or national ID
• Proof of business registration in Romania, such as a registration certificate from the National Trade Register Office, ONRC⁹
• Proof of address for the business and its representatives
• Tax identification numbers
• Company registration certificate
• Identification documents of company directors and authorized signatories
• Articles of Association or Memorandum of Association
• Bank references, financial statements, and any additional documents required by the chosen bank

This list is for information purposes only and is not meant to be a comprehensive list of all the items that may be requested to verify identity. Eligibility is subject to verification. Additional documents may be requested.

What regulations should UK freelancers know?

If you're a UK freelancer working in Romania, there are a few key things to be aware of:

• Romanian tax registration: If you operate as a PFA (Persoană Fizică Autorizată) or another self-employed structure in Romania, you'll need to register with ANAF (the Romanian National Agency for Fiscal Administration) and may be liable for Romanian income tax and social contributions.
• VAT registration: If your annual Romanian turnover exceeds the local VAT registration threshold, Romania Company currently states that companies can register for VAT purposes by option or when exceeding the threshold of RON 300,000 for their annual turnover.¹⁰
• UK tax obligations: The UK government currently states that UK residents normally pay UK tax on all their income, whether it’s from the UK or abroad.¹¹
• Double Taxation Agreement: The UK and Romania currently have a double taxation agreement in force, and Article 21 sets out rules for elimination of double taxation.¹²

It's strongly recommended to work with an accountant familiar with both UK and Romanian tax law.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited, its subsidiaries or affiliates. It should not be treated as advice from, or a communication with, HMRC, and it is not intended as a substitute for obtaining business advice from a tax advisor or any other professional.

Can HMRC see my account in Romania?

Potentially, yes. The OECD currently provides the Common Reporting Standard (CRS) materials as part of its tax transparency resource centre, describing the standard for automatic exchange of financial account information in tax matters.¹³

This means financial account information can, in principle, be exchanged automatically between participating tax authorities under CRS arrangements. The safest approach is to keep accurate records and declare all relevant income on your UK tax return.

Do I need a Romanian address to open a business account?

For most traditional Romanian banks, a Romanian registered business address is required, since the account is linked to your business registration in Romania.

Some digital-first providers are more flexible, but a local business address is generally expected as part of the registration process.

If you're not yet established in Romania, it's worth looking into how to register as a PFA or SRL before applying for a business account, as this is usually a prerequisite.

Can I use my UK business account for clients in Romania?

You can, but it's not always practical. Romanian clients and institutions may prefer Romanian account details, which can affect payment processes.

For international transfers to and from Romania, Wise Business lets you receive GBP in the UK using local account details, then send RON directly to Romanian recipients at the mid-market exchange rate, with fees shown before you make a transfer.

Disclaimer: The UK Wise Business pricing structure is changed on 26/11/2025. Receiving money, direct debits and getting paid features are not available with the Essential Plan which you can open for free. Pay a one-time set up fee of £50 to unlock Advanced features including account details to receive payments in 22+ currencies or 8+ currencies for non-swift payments. You’ll also get access to our invoice generating tool, payment links, QR codes and the ability to set up direct debits all within one account. Please check our website for the latest pricing information.

How does a business account in Romania affect my UK taxes?

Having a Romanian business account doesn't automatically change your UK tax position, but the income flowing through it may well be taxable in the UK if you are UK tax resident, as the UK government currently states that UK residents normally pay UK tax on all their income, whether it’s from the UK or abroad.¹¹

The UK–Romania Double Taxation Convention is designed to eliminate double taxation in the circumstances set out in the agreement, but you'll need documentation to support any claims for double taxation relief.¹²

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited, its subsidiaries or affiliates. It should not be treated as advice from, or a communication with, HMRC, and it is not intended as a substitute for obtaining business advice from a tax advisor or any other professional.

Sources:

1. ING România - Pachetele ING Fix Cont Curent
2. BCR - Business
3. BCR - George pentru PFA si profesii liberale
4. BRD - Société Générale
5. BRD - SMART IMM Package
6. Revolut Business - Business Account Plans
7. MultiPass - Business Account in Romania
8. MultiPass - Pricing
9. ONRC - The National Trade Register Office
10. Romania Company - Registration for VAT Purposes
11. GOV.UK - Tax on foreign income
12. GOV.UK - 2024 UK-Romania Double Taxation Agreement
13. OECD - Tax Transparency Resource Centre

Sources last checked on 27 May 2026