How to open a bank account in RDA Bank

GSL reference about the bank What is it?

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GSL rating

Beginning of cooperation

February, 2023

Last contact

April, 2024

Last update

April, 2024

Montenegrin bank with its head office in Podgorica;
the bank opens current and savings accounts, personal and corporate;
own IBAN is provided;
account can be opened in EUR, CAD, GBP, RUB and CNY (soon to be added AED);
the bank does not open corporate accounts for offshore companies;
It is possible to open an account without a visit to Montenegro by power of attorney;
the provided package of documents must be translated into Montenegrin
.

GSL rating

Beginning of cooperation

February, 2023

Last contact

April, 2024

Last update

April, 2024

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

2016

History

The bank was founded in 2016

Personnel

Pesonal speaks English

Bank’s shareholders

The main shareholder of the bank is an American holding

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 limits on transfers for current account

Initial deposit of funds, €

No down payment requirements

Minimum turnover, €/year

Desired turnover indicators for a corporate account - from EUR 1 500 000 per year; on a personal account - from EUR 300 000 per year

How fast payments are executed

Day to day or next day

Tariffs and services

250

Outcoming transfer, €

50

Incoming transfer, €

420

Account maintenance, €/year

N/A

Payment limit for credit cards, €/day

Outcoming transfer, €

The fee for outgoing payments is 0,5% for any amount

Incoming transfer, €

The fee for incoming payments is 0,1% for any amount

Account maintenance, €/year

Account maintenance fee is EUR 35 per month. The cost of opening a corporate account depends on the country of incorporation

Distant access to the account

There is Internet banking. Activation fee - EUR 6 one time, usage fee - EUR 4 per month

Financial products

Bank provides its clients with the widest range of banking services, executing their orders and providing cooperation and assistance in their business

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

It is possible to open an account without a visit to Montenegro using a power of attorney

Required

Completed bank forms; Company ownership structure; Passport; Utility bill not older than 2 months; A letter of recommendation from a bank where the company already has an account.
The provided package of documents must be translated into Serbo-Croatian. Translation is carried out directly in Montenegro by a licensed translator

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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