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Foreign Currency Account for Residents

By opening an account in any branch of our Bank, legal entities and entrepreneurs can make cash payments and withdrawals, issue payment orders electronically and in paper form - pay for goods and services, within internal, external and instant payment operations, register and collect bills of exchange, receive reports on transactions and account balances as well as other confirmations, collections, payments and transfers for foreign currency transactions in the country and abroad and perform other activities within domestic and international payment transactions.

In the pre-contractual phase, the Bank submits the following documents to potential Payment Service Users interested in opening a foreign currency payment account:

  • Offer for opening an account for legal entities and entrepreneurs;
  • Information on personal data processing and protection;
  • Overview of services and fees for payment service users;
  • Statement on forms collection for Users in the pre-contractual phase;
  • Draft agreement on opening and maintaining a foreign currency current account for residents, legal entities and entrepreneurs, and foreign currency and dinar current account for non-residents;
  • General terms and conditions for opening and maintaining a foreign currency current account for residents, legal entities and entrepreneurs, and foreign currency and dinar current account for non-residents;
  • Time schedule;
  • Fee schedule.

Users may obtain from the Bank a List of Representative Services for Entrepreneurs/Legal Entities upon request.

Documentation
Offer for opening an account for legal entities and entrepreneurs
Request for opening an account of a legal entity and an entrepreneur
Specimen signature card
Statement on document collection in the pre-contractual phase
Draft agreement
Data on the founders of the legal entity-entrepreneur for which the account is opened
Data on the founders of the founders of the legal entity for which the account is opened
Statement on the founders of the founders of the legal entity - foreign natural persons
Information on the user's proxy/procurator
Data on persons who will collect statements, withdraw cash and deliver execution orders
Request for closing the account of a legal entity and an entrepreneur
Request to use a stamp / Request for cessation of the use of stamp
Additional documentation

In addition to the above documentation, the User shall submit the following documentation for opening a foreign currency payment account:

  • Decision/Excerpt on entry in the register of the Business Registers Agency/register of another competent authority not older than 3 months from the date of issue;
  • For the applicant for whom registration is not prescribed - the act of the competent authority on the establishment if it is established directly on the basis of the law, or an excerpt from the law if it is established by law;
  • Notification of the body in charge of statistics on classification by activities if the classification is performed for it by the body in charge of statistics or if there is no document containing that data;
  • Document of the competent authority containing the tax identification number - TIN in case that information is not contained in the decision on establishment;
  • Certified signatures of the persons authorized to represent (OP Form) - in the event that the person who signed the Bank's documents is not present in person at the time of submission of documents;
  • For listed joint stock companies, a document confirming that it is listed on the stock exchange, and data on the stock exchange on which it is listed;
  • If another legal entity that has at least 25% of ownership stake or shares appears as the founder of the legal entity: Excerpt from the register with data up to the ultimate owners-natural persons who own directly or indirectly (through another legal entity) at least 25% of ownership stake, not older than 6 months;
  • If another foreign legal entity appears as the founder of the legal entity: Decision on registration/Excerpt from the register in the country in which the founding legal entity is registered, which must not be older than 6 months, certified by court or notary public in accordance with international certification rules;
  • If the Excerpt from the register of a foreign legal entity in the ownership chain does not show the real owner: Excerpt from business documentation not older than 6 months which shows this information, up to the ultimate owners-natural persons who own directly or indirectly (through another legal entity) at least 25% of the ownership stake;
  • Translation of the Decision on registration of the foreign legal entity - owner, signed and certified by a certified court interpreter for Serbian language;
  • Power of attorney issued by the legal representative of the legal entity if the account is opened by a proxy on behalf of the legal entity, certified by a public notary;
  • Photocopy of the identification document of the legal representative/founder-natural person/authorized person/proxy.
Additional information

For further information, please call 011/3024-824 or 3024-825.

Useful Documents

Time schedule
General Business Conditions
Overview of Services and Fees
Fee schedule