How to open a bank account in Incognito Bank (Montenegro)

GSL reference about the bank What is it?

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GSL rating

Beginning of cooperation

December, 2024

Last contact

February, 2025

Last update

January, 2025

the bank was established in 2007 in Podgorica, Montenegro;
the bank obtained a license from the Central Bank of Montenegro on 12 July 2007;
the bank opens corporate and personal accounts;
an account can be opened in the following currencies: EUR, AED;
the bank is ready to open accounts for companies incorporated in most countries of the world, except for the following jurisdictions: the British Virgin Islands, the Cayman Islands, the Marshall Islands, Panama;
there is no minimum account balance requirement;
an account can be opened remotely;
a pre-approval can be obtained;
Online banking is available;
opening an account takes at least 1 month.

GSL rating

Beginning of cooperation

December, 2024

Last contact

February, 2025

Last update

January, 2025

Поиск консультанта...

+44 0 207 822 85 93

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

2007

History

Received a license from the Central Bank of Montenegro in 2007

Personnel

Pesonal speaks English

Confidentiality

Double Taxation Agreement with Russia is signed; AML legislation is strictly observed

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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 requirements

Transactions permitted per month

No restrictions on transfers for current account

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

100

Outcoming transfer, €

70

Incoming transfer, €

420

Account maintenance, €/year

N/A

Payment limit for credit cards, €/day

Outcoming transfer, €

Fee for outgoing payments is 0,20%

Incoming transfer, €

Fee for incoming payments is 0,20% (minimum EUR 5, maximum EUR 70)

Account maintenance, €/year

Account opening fee - EUR 3 070 (business account), EUR 570 (personal account).
Account maintenance fee - EUR 35 per month

Distant access to the account

There is Internet banking (EUR 4 per month)

Financial products

The Bank serves both corporate clients and individuals, focusing on investment advisory services and financing of large infrastructure projects

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

Remote account opening is possible

Required

Corporate documents (standard list).
Business profile of the company:
- KYC questionnaire, including a detailed description of the company’s activity and its economic indicators, information about preferred currencies and proposed incoming / outgoing payments;
- Contracts with potential counterparties and invoices to them;
- Bank statements for the last 3 – 6 months.

Documents for individuals in the company’s structure:
- Passport copy;
- Copy of a document proving residential address (bank statement or utility bill not older than 2 months)

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

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