GSL / Offshore and International Law. Offshore companies registration. / Offshore Banking / Bank of Serbia

How to open a bank account in Bank of Serbia

GSL reference about the bank What is it?

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GSL rating

rating

Beginning of cooperation

June, 2020

Last contact

December, 2024

Last update

December, 2024
  • the bank opens current and savings, personal and corporate accounts;
  • the bank opens accounts for local companies and branches of foreign companies in Serbia;
  • the bank does NOT open accounts for companies nonresident in Serbia;
  • the bank opens personal accounts for nonresidents of Serbia;
  • an IBAN is issued;
  • the bank has no requirements regarding the minimum account balance;
  • to open an account, the account signatory must visit Serbia;
  • available currencies: RSD, USD, EUR, CHF;
  • the bank issues debit cards;
  • Online banking is in Serbian and English;
  • opening an account takes 2 to 4 weeks
GSL rating
rating
Beginning of cooperation
June, 2020
Last contact
December, 2024
Last update
December, 2024
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+44 0 207 822 85 93

General information and rating
General information and rating

Not rated
Global rating
Not rated
Countrywide rating
—
Countrywide rating of the head bank
—
Global rating of the head bank
Year of foundation
2018
History
The bank changed its name after it was purchased by a private investor in the summer of 2018
Personnel
Staff speak Serbian and English
Bank’s shareholders
The bank is wholly owned by a private investor
Confidentiality
Double Taxation Agreement with Russia is signed; AML legislation is strictly observed
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    Minimum requirements
    Minimum requirements

    N/A
    Minimum balance, €
    No restrictions
    Transactions permitted per month
    0
    Initial deposit of funds, €
    0
    Deadline for the initial deposit, month
    Minimum balance, €
    No minimum balance requirements for business accounts
    Transactions permitted per month
    No restrictions
    How fast payments are executed
    Same day or next day

    Tariffs and services
    Tariffs and services

    125
    Outcoming transfer, €
    0
    Incoming transfer, €
    430
    Account maintenance, €/year
    N/A
    Payment limit for credit cards, €/day
    Outcoming transfer, €
    The fee for a money transfer in RSD from an account in RSD is 0.2% (the minimum is RSD 1 000), in a foreign currency – 0.3% (the minimum is RSD 1 500, the maximum is RSD 40 000)
    Incoming transfer, €
    Receiving money from abroad (except Kosovo) in a foreign currency is free of charge
    Account maintenance, €/year
    Distant access to the account
    Internet banking is available. The cost of the initial package (SMART-card and card-reader) + a one-time fee for certification of e-banking services per user - RSD 9 000 (~ EUR 76,6) + delivery/shipping costs
    Financial products
    Digital banking and latest financial technologies are key elements of the bank’s long-term strategy. The bank forms a portfolio of loans and settlement services for companies and offers an individual approach and a wide range of the most popular services for individuals
    Credit/debit cards
    VISA BUSINESS

    Account opening procedure
    Account opening procedure

    Days to open for incoming transfers
    Case by case
    Days to open for outcoming transfers
    Case by case
    References
    Not necessary
    Purpose of the account
    Savings & current
    Visit to the bank
    You can open an account without visiting the bank
    Required
    Completed bank forms. Copies of passports of beneficial owners and account signatories, proof of address (Utility Bill). Standard set of corporate documents.
    There is no need to translate documents into Serbian. After the bank opens an account for the client, it independently translates a number of documents into Serbian and debits the commission from the client's account. If a company has a complex ownership structure or if it is a partnership, then a full package of corporate documents must be provided for each company in the structure.
    The Incumbency and Good Standing Certificates must not be older than 3 months at the date of submission to the bank.
    In addition, it is necessary to provide: company’s business description (in English) specifying the names and websites of partners, and the expected movements of funds in the account; if a company has another bank account – statement of account for the last 6 months; explanation why an account in Serbia is necessary.
    Types of accounts
    Savings; Current
    Opening procedure and Due Diligence
    It is possible to open an account without visiting the country where the bank is located
    Chances to open an account
    Predictable
    Offers
    Registration of a limited liability company in the Republic of Serbia (with employment of foreign employees). Service offer

    We offer a full range of services for setting up a limited liability company in the Republic of Serbia, including employment of foreign staff. A company in Serbia...

    from EUR 4

    Buy
    Opening a Serbian Bank Account. Service offer

    General information about the bank. Basic bank fees. Account opening – characteristics, stages, and documents. Fees.

    from USD 3

    Buy

    Banks of Serbia

    Bank
    The cost of opening an account, $
    Global rating
    Countrywide rating
    GSL rating
    ProCredit Bank
    3 250
    N/A
    N/A
    Erste Bank
    3 250
    N/A
    N/A
    Eurobank Direktna
    3 250
    N/A
    N/A
    AIK bank
    3 250
    N/A
    N/A
    OTP banka
    3 250
    N/A
    N/A
    UniCredit Bank
    3 250
    N/A
    N/A
    Raiffeisen banka
    3 250
    N/A
    N/A
    Banka Poštanska štedionica
    3 250
    N/A
    N/A
    ALTA banka
    3 250
    N/A
    N/A
    ATC Bank
    3 800
    N/A
    N/A
    Bank of Serbia
    3 800
    N/A
    N/A
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    Comments

    • userpic round-small-mask

      11.07.2022 14:20:42 Helen

      Dear All,
      let me introduce myself. My name is Boriskina Elena. I’m representative of EMCO. It is Russian coal mining Co.
      Currently we are highly interesting in opening non resident bank account for our Russian mining company in Serbia.
      Could you please let me know can you help us?

      Please note, that our business direction, our UBO and all our companies are non-sanctioned.

      Reply

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