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Serbia has made a great leap forward in recent years by becoming a stable and neutral country whose primary goal is to ensure political and economic stability to create good conditions for local and international business.
As a result, the banking sector is thriving, and the good news is that you can have European-quality financial services at prices that are much lower than in Central Europe. Serbian banks are quite reliable and have their own system of insuring customers’ deposits, which is the reason why we highly recommend them.
If you are new to international banking and want to know more about it, please click on this site where you will find an extensive knowledge base of articles on bank accounts in different countries, so you will have a wide choice.
They are written by our experts who explain the important nuances that are not available even on bank websites. Our specialists open accounts for individuals and business entities on a daily basis, so they know all the ins and outs and can share them with you.
You can book a session with our expert to discuss any preliminary matters – and it will not cost you a penny! We understand that most people have their doubts and they need to share them.
Most customers struggle with the choice of the right jurisdiction, and we will help you for free if you give all the details to us. What is more, you can delegate all the administrative issues to us, and our experts will open an account for you online in no time. Still in doubt? Click on the link and talk to us – it’s free!
Why Choose Serbia to Open a Bank Account?
Serbia is slowly but steadily becoming a financial and business hub that attracts investors from all over the world, and Serbian banks provide excellent services to local and foreign customers. Take advantage of the following by opening a private bank account in Serbia:
- A bank account in RSD and other currencies of your choice
- Deposits are insured for the amount of up to 50,000 euros (Serbia insures its deposits according to its own rules as it is not a European Union member yet)
- You will be able to quickly and securely send and receive money from foreign and local bank accounts
- All widespread currencies will be at your disposal if you want to make a transfer: USD, CAD, EUR, CHF, GBP, RUB, AUD, SEK, NOK, and CNY
- You will be able to obtain debit and credit cards from Serbian banks to make payments in any outlets or withdraw cash at ATMs
- You will have a personal manager to help you in case of trouble
- You can use SWIFT or Eurogiro systems to transfer money from foreign banks to a Serbian bank account
- You will have access to convenient mobile apps and online platforms to manage your account online on a 24/7 basis
Documents Submitted to Open a Private Account with a Serbian Bank
The documents you will have to provide are basic – and still, they need to be prepared very carefully. You can entrust our specialists to check them for you if you want to make sure you will be approved. Here is the approximate list:
- A passport copy or any other ID you can provide
- If you are a resident of a European Union country, submit your residence permit or an ID card
- Proof of residence address (a bank statement or a utility bill that should be no older than 3 months)
- Proof of legal origin of the funds you are going to deposit
- Competed bank forms (you will need to fill them on-site in two languages, English and Serbian. If you don’t know Serbian, our specialists will help you)
This is a standard package, and the bank can request any extra documents.
We have a local office in Belgrade, and our representative will accompany you to the bank to help you with any problems that may arise.
As you understand, you will need to visit Serbia in person, and you will need to agree on the date with us at least 10 business days prior to your visit to make sure a specialist will be available.
We will double-check all the documents and do our best to ensure the bank will onboard you. However, the final decision is made by the bank, and you should understand that no one can give you a 100% guarantee.
An Important Feature of the Serbian Banks
Serbian banks are ready to welcome customers from all over the world – however, they want you to prove you are a reliable client. The bank employees monitor the first few transactions you make very closely to see if they are dealing with a bona fide client.
Be ready to be in touch with the bank all the time during the first month. The bank employees may call you and require clarifications and/or documents to prove that this or that transaction is legitimate, and you have to be able to provide them within 24 hours.
If you fail to do so, your transaction may be frozen, and you will have even more questions to answer.
Several frozen transactions may result in account closure. This happens extremely rarely, but we have to say that for you to be prepared.
To tell the truth, this feature of Serbian banks may be a little annoying, and we offer a service that will help you feel more comfortable.
You can specify our office in Belgrade as a second point of contact – and if they fail to reach you, they will reach us to get all the explanations you need. The service is free for the first critical transactions, and you can later extend it for a small fee.
Opening a Bank Account in Serbia: Procedure
Let’s look at the steps you need to take to open an account with our help:
- Contact our experts to discuss your needs with them.
- Pay the invoice we will draw up for our assistance in account opening.
- Prepare the documents and send them to our experts for a thorough check.
- Agree on the date of your visit to Serbia.
- Fill out the forms on-site and submit the documents.
All you have to do next is to wait for the bank’s decision which will hopefully be positive and start using the services.
Book a session now by clicking on the above link!