02 Dec 2024
Are you a Ghanaian intending to live in Romania, or are you already living in Romania to send money to Ghana from Romania? In practical life, having an account with your local bank can be a great advantage. As of 2023, the population of Ghanaians in Romania has gradually risen to about 15,000 people. It portrays the growing need for banking to support this community's various trip and remittance requirements.
But how do you open a non-resident bank account in Romania? Here are some steps to help people understand how it works.
A non-resident bank account is an account with the local bank, but the person physically resides in another country. Such an account is relevant for individuals from Ghana since many of its users need to make transactions, pay certain bills, or save cash while living abroad. Having a non-resident account can minimize the charges usually incurred for moving cash across foreign boundaries and converting one currency to another.
To open a non-resident bank account in Romania, you will need several essential documents:
A passport is the most important form of identity you will need throughout your travel to send money online to Ghana from Romania.
An electricity bill, a rental agreement, or any other legal document possessing your residential address.
Based on the applied bank, you might need to present the TIN received in one's home state.
Some banks may demand an affirmation letter from the Ghana bank you use. As always, it is recommended that you contact the particular bank for any other requirements or forms.
When considering a non-resident account, you’ll typically encounter two types: checking and savings accounts.
Current accounts are very suitable for operations because they grant easy access to your money.
Savings accounts often provide better interest rates and are ideal for accumulating money over time.
That means each type has advantages, and the best one to use depends largely on your financial goals.
Opening a non-resident bank account in Romania can be a smooth process if you follow these steps
Try to secure a suitable bank from different existing ones to suit your needs to send money to Ghana online from Romania. You are therefore encouraged to seek the services of those banks that you know are reputable and those who offer their services to non-residents.
You should also make sure all the relevant documents are with you before you go to the bank.
Some banks will have online applications for some forms, while others may require physical filling out.
Complete the application form arising from the bank and attach your documents.
Once approved, you will receive your account details, and all you have to do is start managing your finances!
Some options in choosing a bank include the cost of service, the level of interaction with the service providers, and the geographical location of the service provider. Returning to some of the Romanian established and friendly towards non-resident banks are BRD—Groupe Societe Generale and Raiffeisen Bank România.
Online banking has become mandatory for the current generation. All Romanian banks provide solid online banking systems that allow you to conduct financial operations using your account without leaving your location. Ask yourself if the bank has a mobile application for further flexibility so you can quickly transfer money to somebody else or, for instance, check your balance on your phone.
As a Ghanaian expatriate living in Romania, having a non-resident bank account is advisable. It can prove advantageous for money transfer from Romania to Ghana because of the above-mentioned reasons. You’ll have everything you need in the form of documents and a little research, and you’ll be ready to go and start banking locally.
Are you seeking to achieve the next level? Banks are no fun at the best of times, and here we are talking about some of the biggest hurdles people face when it comes to banking! To avoid financial difficulties, open your non-resident account now to learn your options while in Romania. To send fast and safe money back to Ghana, consider using ACE Money Transfer. Sign up now and make managing your financial affairs abroad a breeze!
They require a valid passport, Proof of residence, TIN, and Reference from any recognized bank in Ghana.
Yes, as it has been established, many banks in Romania permit non-residents to apply for an online account.
There are some general categories, namely current accounts and savings accounts.
For instance, BCR and Raiffeisen Bank have branches for non-residents.
Attending a Financial Officers Meeting allows one to access Internet banking services to manage one's financial activities from anywhere in the world.
