Looking for a suitable bank to entrust your money to? We can help you set up a personal bank account in Serbia. You can open it in RSD or another currency. Serbian banks accept payments in EUR, USD, RUB, GBP, and other currencies. You don’t need a residence permit to open an account (that is, non-residents are welcome), but you need to visit the bank personally.
Why Open a Personal Bank Account in Serbia?
Serbia is a trading, logistics, and financial hub that offers its services to customers from all over the world. Serbia has adopted a policy of cooperation with all parties.
Serbian banks offer all the necessary high-quality services to their customers. The banking industry itself is quite developed and has a lot of experience of working with local residents and non-residents.
Here is what you get by opening a personal bank account in Serbia:
- A bank account for a Serbian non-resident (local resident)
- An account in RSD and currency
- Insurance of deposits up to 50,000 euros (Serbia is not a part of the European Union, so it independently insures deposits)
- Sending and receiving payments from local and foreign bank accounts
- A possibility to make transfers in the most widespread currencies: USD, EUR, GBP, RUB, CAD, AUD, CHF, NOK, SEK, and CNY.
- Debit and credit cards for your convenience
- A possibility to withdraw cash in RSD or another currency at ATMs
- A possibility to get a personal manager to work with you
You can transfer funds from foreign accounts to an account in a Serbian bank with the help of SWIFT and Eurogiro.
You can manage your account with the help of Internet banking and mobile apps.
Documents Required to Open a Personal Bank Account in Serbia
Here are the basic documents you will need to open an account in Serbia:
- A passport or another ID document
- If the person is an EU resident, a residence permit or an ID card of the respective European country
- Proof of residence (in most cases – a utility bill no more than 3 months old)
- Proof of legal origin of funds
- Filled bank forms (filled in on-site in the bank in two languages, English and Serbian)
The bank has the right to request additional documents if necessary.
You will be accompanied by a representative of our company during your visit to the bank. You will have to agree on the date and time of arrival for a visit to the Serbian bank at least 10 working days in advance.
We will help you to correctly fill the forms and answer the questions of the bank employees to minimize the risk of accidental refusal. In any case, the final decision always rests with the bank.
An Important Aspect of Work with Serbian Banks
The Serbian banks are ready to work with clients from all over the world, but you have to win the reputation of a reliable client. This is done by making first transactions after you open the account.
In the first several weeks or months, you have to be in touch with the bank all the time and provide explanations and/or documents regarding the transaction within 24 hours upon request on its part. Otherwise, you risk having your transfer frozen and you may have to answer additional questions that the bank may have. After several situations that result in freezing, the bank may decide to close your account.
In short, stay in touch. However, if you understand that some objective circumstances may prevent you from doing so, from personal to business issues, use our services and appoint our office in Belgrade as an additional point of contact. If you do so and the bank cannot get in touch with you, they will call us and we will help you resolve the matter and preserve your reputation with the bank.
This service is free for the first several critical transactions, and then you can extend it for an additional fee.
Bank Commission for Services
Exact commissions depend on the date of address, so ask for the updated price list and book a session with the portal experts. At present, the prices are as follows:
|Monthly fee for currency account||from RSD 50|
|Monthly fee for RSD account||RSD 250|
|Transfers in euros in Serbia|
|Transfer to the account of a legal entity in the bank||0.1% from the amount, but at least RSD 200|
|Transfer of funds to personal account in the foreign currency in another Serbian bank or to the currency account of the family member to the third degree of kinship||0.3%, but at least RSD 300|
|Transfer of funds to the payment account opened with another payment services provider(external transfer)||1%|
|Up to EUR 5,000||EUR 10|
|Up to EUR 50,000||EUR 20|
|Over EUR 50,000||EUR 30|
|Receiving funds from abroad|
|Up to EUR 100||RSD 20|
|Up to EUR 5,000||0.2% from the amount, but at least RSD 200|
|Over EUR 5,000||0.15% from the amount, but at least RSD 5,000|
How to Open a Bank Account in Serbia: Procedure
Contact the portal experts to receive answers to your questions and obtain services.
Pay the service of support in opening a personal bank account in Serbia (from 3000 EUR).
Prepare a full package of documents and agree them with our team.
Agree on the date of visit to the Serbian bank. You will need to be personally present and our representative will accompany you.
Fill in the bank forms, submit the documents, and wait for the bank’s decision to open a bank account for you.
Start using your Serbian account.