Easier bank account mobility available from April 1

Owners of bank accounts will be able to move their accounts from one bank to another without hassle and with the help of their initial bank, which will be obliged to offer assistance. The Romanian Central Bank is working on advising the common rules on bank account migration, which should be enforced starting April 1.

The European Commission announced last year that all consumers in the EU, except for those in Romania, can easily transfer their bank accounts from one bank to another within the same country.