Current account
The current account for legal persons is a banking product used by legal entities to manage their payments, collections and cash reserves.
Features
- Guaranteed premium and interest rate
- Depending on the product type and customer request, standard term deposits can be with or without interest capitalization
- For amounts exceeding 100,000 RON or equivalent, the company benefits from negotiated terms and conditions: non-standard interest rate or maturities; the overnight deposits allow to conclude an automatic establishment agreement
Currency: RON, USD, EUR, GBP, CHF
Maturities:
- 1, 2, 3, 6, 9, 12 and 18 months for term deposits established in RON,
- 1, 3, 6, 9, 12 and 18 months for term deposits established in EUR and USD
- 3, 6 and 12 months for term deposits established in GBP and CHF
Minimum amount for establishment:
- 5,000 RON, 3,000 USD, 3,000 EUR, 2,000 GBP, 5,000 CHF
- established exclusively by transfer
- the interest rate for term deposits is fixed between the establishment of the deposit and its maturity
- depending on the product type and customer request, term deposits can be with or without interest capitalization
- depending on the product type and customer request, term deposits can be automatically extended on maturity for a new period of validity
- for term deposits without capitalization, the interest is added to the current account monthly/periodically or upon maturity, at an equal date with that on which the term deposit is established; for 12-month term deposits in foreign currency, the interest rate can also be added monthly into a current account, depending on the option chosen at the establishment of the term deposit
- for term deposits with capitalization, the interest is calculated on a monthly basis and is added upon maturity to the relevant term deposit
- amount deposited can be withdrawn before maturity, obtaining the interest rate associated with the available funds, while also taking into account its evolution
- any withdrawal request for an amount under a term deposit, before maturity date or upon maturity date of the term deposit, will lead to the settlement of such deposit
Banca Comercială Română takes part in the Deposit guarantee fund of the Romanian banking system, being on the list of credit institutions taking part in the Deposit guarantee fund of the Romanian banking system, under which depositors benefit from guaranteeing their deposits, through the payment of compensation, within the ceiling established periodically by the fund. This list can be examined directly on the internet page of the Deposit guarantee fund of the Romanian banking system, www.fgdb.ro.
Advantages
- Possibility to opt for a wide range of terms for deposits (1, 2, 3, 6, 9, 12 and 18 months)
- No fee for opening and funding the term deposit account
- Term deposits can also be established by using the George App, as well as the MultiCash BCR/e-BCR service
- The customer can request, after maturity, to establish a deposit account for another amount and another term
- Upon maturity of the established deposit, depending on the customer’s option, the bank will transfer the amount into the current account or will automatically extend the deposit for an equal term as the initial one
- Can be used for guaranteeing loans, letters of guarantee or endorsements requested from BCR, as well as for guaranteeing transactions with derivative financial instruments
The fees applied are those included in the applicable Standard rate of fees for operations, in lei and foreign currencies, for corporate customers, while their level can be adjusted depending on bank policy.
Costs
The operations of opening and feeding the term deposit account require no fee.
You might also be interested in
Internet Banking
E mult mai uşor şi confortabil să accesaţi de la distanţă conturile curente prin intermediul serviciilor de electronic banking, pe care le vom configura astfel încât să răspundă într-un mod cât mai fidel nevoilor dumneavoastră.
Direct Debit
An extremely useful collection instrument ensuring the voluntary collection of receivables in lei and euro, by pre-authorized debiting of the current accounts of customers or business partners, with reduced costs for collection and a maximum degree of reconciliation.
Investment funds
SAI Erste Asset Management SA provides the complete package of investment management services that you may require.