Efficiently and easily, manage your payments, collect money via bank transfer. Enjoy advantageous currency exchanges on your payment account Smith&Smith.
Zero commission
for opening, managing and closing the payment account
Top up
your payment account at no cost by depositing cash at Smith&Smith cashiers or by bank transfer
Minimum balance
You do not need a minimum balance for the payment account to work
Currency
In which currency can you open a payment account Smith&Smith?
Come to a agency Smith&Smith You need an original and valid identity document.
You only need a few minutes to open a payment account in ✔️ RON, EUR, USD or GBP.
- Good to know:
Regardless of whether you opt for a single currency or all available currencies, the opening, administration, topping up and closing of the payment account are at zero fee.
See the list of locations Smith&Smith.
Operations
What operations can you do?
Payment accounts Smith&Smith is similar to a bank account, has an IBAN code, but is non-interest bearing.
• Top up your payment account free of charge by cash deposit or bank transfer
• Withdraw cash from the payment account at Smith&Smith agencies in Romania
• Make money transfers in four currencies to any bank account in Romania or in the EU area
• Collect money in four currencies by bank transfer in any bank account in Romania or the EU area
• Make advantageous currency exchanges in RON, EUR, GBP and USD
See the full list of Standard Fees here.
Payments
What payments can you make?
You can make transfers to bank accounts in Romania or in the EU area by payment order.
For example, you can pay utility bills, taxes and fees, fines, bank/lease installments, school fees or various purchases of goods or services, basically anything that represents a payment to a bank account in Romania or in the EU area.
If you pay bank/lease installments, fines, fees and taxes you need an invoice or payment notice.
- Important
Important: The Smith&Smith Payment Institution may request an invoice or payment notice in the case of other payments as well.
Taxes
You can see the full list of the Smith&Smith Standard Fees here.
For more information, you can contact us through:
- Frequently asked questions
The payment account can be opened, free of charge, by residents or non-residents in Romania with a minimum age of 18 based on an original and valid identity document, in accordance with the General Business Conditions.
There are no commissions charged for opening, managing and closing the payment account at Smith&Smith agencies. Also, topping up the payment account by cash deposit or bank transfer has zero commission.
You can see the complete list of the Standard Fees here.
Come to a agency Smith&Smith
You need an original and valid identity document
Top up your payment account at no cost
Top up your payment account by cash deposit or bank transfer without costs upon receipt, according to the General Business Conditions.
Give the details of the payment order
Amount, currency and bank details of the recipient (full name, IBAN code of the recipient's account, name of the bank, SWIFT code of the bank and address of the recipient's bank)
Good to know:
Before ordering a payment, you can exchange currency in RON, EUR, GBP or USD at advantageous rates.
If you pay bank/lease installments, fines, fees and taxes you need an invoice/payment notice.
In certain cases, we may need to request additional documents or information from you to complete the transaction.
Payment to the recipient's bank account
By payment order, the money is transferred to the recipient's bank account
See the full list of Standard Fees here.
See the list of Smith&Smith here.
To be able to collect money by bank transfer to the payment account opened at Smith&Smith, request information in Smith&Smith or at the phone number 031 433 88 00.
Good to know: The amount received by bank transfer to your payment account opened at Smith&Smith, can be exchanged in RON, EUR, GBP or USD at advantageous rates at agencies Smith&Smith.
Funding of the payment account is done by depositing cash at Smith&Smith agencies or by bank transfer, without costs upon collection, according to the General Business Conditions.
Cash withdrawals from the Smith&Smith payment account can only be made at Smith&Smith agencies on the basis of an original and valid identity document.
See the full list of Standard Fees here.
Come to a agency Smith&Smith agency with your original and valid identity document and in just a few minutes you cand open a payment account and exchange currency in RON, EUR, GBP or USDwithout any commission and at advantageous rates.
You can top up the payment account with cash or by bank transfer, and the amount obtained from the currency exchange can be withdrawn in cash or transferred to a bank account.
Ask at Smith&Smith agencies payment account statement! The account statement is the document that contains all the information regarding the operations performed in the payment account (transactions performed, rates, commissions). It is available to the client free of charge, once a month.
The additional request for a payment account statement will be charged according to the Standard Fees.The account statement can be issued at the counter, by e-mail, to the mailing address or at the customer's express request, a service that will be charged according to the list of the Standard Fees..
The payment account can be closed, free of charge, on the basis of a request submitted at a agency Smith&Smith.
If you have not made any transactions in your payment account in the last 12 consecutive months, it is automatically closed by Smith&Smith. You can always make a new request to open a new payment account, free of charge, at any Smith&Smith agency based on an original and valid identity document.
Important: We reserve the right to close a payment account if Smith&Smith oes not receive the information/documents/declarations requested regarding an operation carried out, the information is incomplete, insufficient, or the statements are untrue, if Smith&Smith has reasonable suspicions or reasonable grounds to suspicion regarding the reality of the information and documents provided by the customer or the statements made by him, if Smith&Smith has reasonable suspicions or reasonable grounds for suspicion regarding money laundering, terrorist financing, fraud, International/US Sanctions or if Smith&Smith does not receive the supporting documents regarding the source of the funds.