Serbia is a rapidly developing country with a stable economy that has done a marvelous job attracting foreign businesses and investors to its territory and creating favorable business conditions. Its banking sector is definitely worth considering as there are a number of international and local banks that will satisfy all your banking needs at reasonable prices. You will get European quality at much lower prices than on average across Europe! Serbian banks have their peculiarities you will have to put up with – but if you need a bank account in Europe, this is one of the best options you can get.
If you want to discover Serbia and read more on banking, business, lifestyle, investments, asset protection, and so on, please visit this page. You will also have an opportunity to contact our expert, ask all questions that you may have, and probably even book a free session to discuss opening a personal bank account in Serbia or any other matters. We can also provide qualified help in setting up a personal bank account on-site as you will be accompanied by our representative (we have a local office in Belgrade). Delegate all the issues to us and open an account without much hassle at an affordable fee!
Account Opening: General Information
We propose opening a personal account with UniCredit Bank in Serbia, and you will definitely appreciate the speed and simplicity of the whole procedure. You will fly to Serbia, pay a visit to the bank, and our representative will be with you to resolve any issues that may arise and set up an account in a matter of 1 or 2 hours!
Serbia has its own system of insurance coverage for banks, so you may expect to get back your full deposit in case of bank failure if it does not exceed 50,000 euros.
UniCredit Bank provides the services in Serbian or English. If you deposit more than 500,000 euros, you will have the right to VIP service: your account will be opened remotely, and you will be able to take advantage of external asset management with the largest banks, including those based in Switzerland, USA, Singapore, and so on.
Serbian banks work with residents and non-residents alike. However, we strongly recommend that you acquire a Serbian residence permit! It will help you greatly if you decide to open a corporate account in Serbia later on as the range of corporate services provided to residents is naturally wider. And if you are interested in obtaining an EU passport, a Serbian residence permit will be the first step towards this goal: you can later obtain permanent residence and finally the passport. Serbia is not an EU member yet, but it is planning to become one in 2025.
There are two ways to easily obtain a Serbian residence permit: invest in local real estate (the minimum threshold is not set!) or incorporate a company here.
Lending to Individuals
Here are just a few types of loans you can get at UniCredit Bank as an individual:
- Flexia Mastercard® Credit Card, Mastercard® Platinum, DinaCard.
- A loan in Serbian dinars with insurance coverage (3 million at the most to be repaid over a 10-year period).
- A loan in Serbian dinars with a fixed interest rate (the amount ranges between 50,000 and 950,000 Serbian dinars, and it has to be repaid within 6 to 60 months).
Settlement Account
UniCredit Bank offers a package service in this case. The so-called Current Account Package includes:
- A term deposit account
- A savings account
- A current account in Serbian dinars
- A current account in foreign currency
- Maestro or Visa Electron debit cards
- Telephone banking services
Overdraft
We all come across unforeseen financial issues at some point in our lives, and that’s where an overdraft service comes in useful.
You can use it in UniCredit Bank on the following conditions:
- The repayment period does not exceed 36 months
- The maximum amount does not exceed one monthly salary or pension
- You will not need to make any deposit or advance payment
- You can use the overdraft service to refinance any existing debts on credit cards, overdrafts, or existing loans
This service comes at no fee, and no interest rate is charged if the overdrawn amount is lower than 12,000 Serbian dinars.
Payment Cards
You can get the following debit cards from UniCredit Bank:
- Visa Gold
- Visa Electron
- Maestro Debit Card
If you need a prepaid card, they are also available, and you can get all the information about them from your banker.
Remote Account Management
There are various solutions you can take advantage of.
mBanking
Here are a few benefits you can use:
- Compatibility with any phone network
- You can create payment orders from any place at any time
- It is automatically updated
- It will work even if you are abroad
eBanking
This is another solution for 24/7 control of your bank account that offers the following advantages:
- Online transactions come at much lower prices
- Accessible across the globe
- This is a user-friendly platform
- You can switch between Serbian and English versions
mToken
Let’s look closer at this solution:
- Its main advantage is the ability to work offline!
- It works in roaming as well
- You will not have to carry an electronic device (token) with you as the account will be managed with the help of your smartphone only
Opening a UniCredit Bank Account: Procedure
Here are the steps you will have to take to open an account in Serbia:
- Please get in touch with us by following the above link.
- Pay for the services using any method that is convenient for you (from Western Union to Bitcoin). The price will differ depending on whether you agree to make a personal visit to Serbia or you want us to open an account online (in this case, we will need a power of attorney).
- Provide the required documents (a passport and a residence card).
The bank forms will be filled on-site, and you will be able to choose English or Serbian.
Our representative will accompany you to the bank to make sure all the steps are completed without a hitch. However, you will need to agree your visit with us at least 10 working days in advance to make sure a specialist is available.
Please click on the above link to find out more about Serbia or get in touch with us!