Opening a corporate bank account in Moldova means presenting a UBO and source-of-funds dossier to one of the ten commercial banks licensed by Banca Națională a Moldovei (BNM), under the AML obligations set out in Law 308/2017. Eight of those banks have been SEPA participants sinceOctober 2025, so euro transfers to and from the EU now settle as standard SEPA payments at €0 to €3 per transaction. Account opening for a clean non-resident dossier typically completes in one to three weeks once company formation is finalised at ASP. This guide covers bank selection, the document checklist, beneficial-ownership disclosure, and what to expect from compliance review.
The process step by step
- Gather formation documents. The registration certificate (with the IDNO), articles of association, tax code, and UBO declaration are usually collected during ASP registration so that the bank file can move immediately afterwards.
- Complete KYC. Passport copies for directors and UBOs, two recent proofs of address per individual, source-of-funds documentation, and the bank's personal information form. Statements from neobanks are not accepted as proofs of address.
- Appoint legal representation. The founder acts under a power of attorney notarised and apostilled in their country of residence; supporting documents are accepted as scans or as physical copies, whichever the client prefers. The POA specifically authorises us to act before the bank on the account-opening file.
- Submit to the bank. The full dossier (incorporation certificate, KYC pack, business plan, sample contracts) is filed with the chosen bank.
- Introductory call. A short conference call with the bank's compliance team is normally scheduled, typically by video, to confirm the business model, expected transaction flows, and counterparties.
Required documents
- Certificate of incorporation
- Articles of association
- Tax code (IDNO)
- UBO declaration under Law 308/2017
- Passport copies for each director and UBO (certified)
- Two proofs of address per director and UBO
- Business plan describing revenue sources, target clients, and projected transaction flows
- Source-of-funds documentation supporting the initial capital and operating funds
- Sample contracts or letters of intent where available
The active commercial banks
Per BNM, the ten active commercial banks in Moldova are: Maib (Moldova Agroindbank), Moldindconbank, Victoriabank, OTP Bank Moldova, EximBank, ProCredit Bank, EnergBank, EuroCreditBank, ComerțBank, and FinComBank (BCR Chișinău).
For foreign-owned SRLs the leading practical choices are typically Maib, Moldindconbank, Victoriabank, OTP Bank Moldova, EximBank, and ProCredit. Eight of the ten licensed banks now hold SEPA participant status, which has materially reduced friction on euro payments to and from EU counterparties.
Account types and features
- Multi-currency accounts in MDL, EUR, USD, and other major currencies on request.
- Internet and mobile banking with English-language support on business accounts at the leading banks.
- SEPA (live since 6 October 2025) for low-cost, fast euro payments to and from EU counterparties; SEPA Instant where the bank supports it.
- Visa and Mastercard cards, including premium tiers, on most active commercial banks.
Why Moldova for banking
Moldova's banking sector is BNM-supervised, integrated with international standards, and now connected to SEPA. For an export-oriented business invoicing EU clients, the combination of a Moldovan IBAN with SEPA participation is operationally efficient: euro transfers settle within one business day, often instantly, with fees compressed to a small fraction of pre-SEPA levels. The system is well suited to international businesses, IT companies, and digital nomads in particular.
For sectors with a higher risk profile (crypto-adjacent activity, payments, currency exchange, online gaming), enhanced due diligence applies. Account opening for those activities can take materially longer, and the documentary expectations are deeper. See high-risk bank account opening for that workflow.
Working with us
For the wider corporate workflow see bank account opening and the SEPA membership note. On the corporate side see company formation in Moldova and the formation checklist. The structure and the bank route are decided together on the discovery call so the file moves cleanly through both systems.