How to open a bank account in Erste Bank

GSL reference about the bank What is it?

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GSL rating

rating

Beginning of cooperation

October, 2024

Last contact

December, 2024

Last update

December, 2024
  • Currently, Erste Group operates in seven countries of Central and Eastern Europe (Austria, Serbia, the Czech Republic, Slovakia, Hungary, Romania, Croatia);
  • the bank opens current and savings, personal and corporate accounts;
  • the bank opens accounts for local companies, branches of foreign companies in Serbia as well as personal accounts for residents of Serbia;
  • the bank does NOT open accounts for companies nonresident in 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;
  • the bank opens accounts in Serbian dinars (RSD), and multicurrency accounts;
  • the bank issues debit cards;
  • Receiving money from foreign banks is free of charge;
  • Online banking is in Serbian and English;
  • opening an account takes 2 to 4 weeks
GSL rating
rating
Beginning of cooperation
October, 2024
Last contact
December, 2024
Last update
December, 2024
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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
2005
History
The Bank started its operations in Serbia in 2005
Personnel
The staff speaks English
Bank’s shareholders
Erste Group is a non-profit foundation ERSTE Foundation. In 1997, Erste Group went public and today the company is listed on the Vienna, Prague and Bucharest stock exchanges and is included in the CEETX, ATX and PX indices
Confidentiality
AML legislation is strictly observed
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    Minimum requirements
    Minimum requirements

    0
    Minimum balance, €
    No restrictions
    Transactions permitted per month
    0
    Initial deposit of funds, €
    0
    Deadline for the initial deposit, month
    Minimum balance, €
    No minimum account balance requirement
    Transactions permitted per month
    No limits on the number of transactions for current accounts
    Initial deposit of funds, €
    No initial deposit requirements
    Minimum turnover, €/year
    No turnover restrictions
    How fast payments are executed
    Same day or next day

    Tariffs and services
    Tariffs and services

    60
    Outcoming transfer, €
    0
    Incoming transfer, €
    N/A
    Account maintenance, €/year
    N/A
    Payment limit for credit cards, €/day
    Outcoming transfer, €
    The fee for a non-cash money transfer from a current account in EUR abroad is 0.12% (the minimum is RSD 1 000; the maximum is RSD 35 000).
    The fee for a non-cash money transfer in other currencies from an FX current account abroad is 0.12% (the minimum is RSD 1 000; the maximum is RSD 35 000)
    Incoming transfer, €
    Incoming transfer from foreign banks - free of charge
    Distant access to the account
    Internet Bank in Serbian and English languages
    Financial products
    The Bank offers retail and corporate services
    Credit/debit cards
    Debit cards can be issued

    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
    Account opening requires a visit of the account signatory to Serbia
    Required
    For a legal entity:
    - Extract from the Serbian Business Registration Agency (SBRA) confirming the registration of the company;
    - Articles of Association and Memorandum and Articles of Association;
    - Director's Resolution on account opening;
    - Power of Attorney (in case of account opening by power of attorney);
    - completed bank forms;
    - office lease agreements, cash flow chart, ownership structure chart, etc..;
    - copies of current contracts with counterparties (if any), invoices and other supporting documents for the company's transactions.

    As a standard, Serbian banks accept company documents without notarization.

    For a natural person (directors / shareholders / beneficiaries / attorneys):
    - proof of identity (passport) and work permit in Serbia;
    - document proving residency in Serbia (lease agreement).

    Please note that the list is not exhaustive - the bank has the right to request any other documents and additional information
    Types of accounts
    Savings; Current
    Chances to open an account
    Predictable

    Banks of Serbia

    Bank
    The cost of opening an account, $
    Global rating
    Countrywide rating
    GSL rating
    3 250
    N/A
    N/A
    3 250
    N/A
    N/A
    3 250
    N/A
    N/A
    3 250
    N/A
    N/A
    3 250
    N/A
    N/A
    3 250
    N/A
    N/A
    3 250
    N/A
    N/A
    3 250
    N/A
    N/A
    3 800
    N/A
    N/A
    3 800
    N/A
    N/A
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