JOHNNY DOETHE LIFE WHISPERER

Romanian banks practical recommendations

Legal Unit

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Legal UnitNew memberAuthor
Joined
Dec 2022
Messages
7

#1

Hey everyone.
I'd like to hear practical recomenndations regarding the Romanian banks (ING, Transilvania, Unicredit, etc) in terms of the approximate monthly turnover which is acceptable by the banks.
The case is the following. We have online dating companies, however, the activity of the company declared to the bank is IT + any B2C (frontshop web site), for instance, like selling cooking guides. Obviously, the money will come not for selling the cooking guides but for the online dating subscription fees. Everything works fine, but we are not really satisfied with the monthly turnover recommended by our local provider. He says that we shall not exceed 100-150k EUR per month, otherwise the banks will close the account.
I do understand that this is quite specific case, but I am pretty sure that it is managable to increase the turnover of the banking account without it being closed. We already work with EMIs, but here i'd like to hear practical recommendations regarding Romanian banks.

Thanks a lot!

Martin EversonOffshoreCorpTalk moderator
Joined
Jan 2018
Messages
11,922

#2

What turnover limit are you looking for and why Romanian banks?

Legal UnitNew memberAuthor
Joined
Dec 2022
Messages
7

#3

Martin Everson said:

What turnover limit are you looking for and why Romanian banks?

Hey. Approximately 300-400k EUR/monthly.
Because some of our companies are incorporated in Romania. We do have accounts in EMI, but we also opt for banking accounts for diversifying the cash from, especially in the USD.

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