Citizens of the Republic of Serbia and foreign nationals can open a foreign currency current account with Postal Savings Bank.
Payment of funds which are credited to the client's foreign currency current account held with the Bank can be made abroad by the payer of pensions, salaries or benefits. Payments can be made on the basis of individual remittances made by natural or legal persons from the Republic of Serbia or abroad, transfers from the client's account held with another bank, as well as transfers from other client's accounts held with the Bank. Also, foreign cash deposits to the foreign currency current can be made at the Bank's foreign exchange counters by the account holder, person authorized to use the account or the spouse, blood or adoptive relative of up to 3 degrees of kinship with the account holder.
Postal Savings Bank, joint stock company, Belgrade offers the following services to foreign currency current accounts holders:
Any resident natural person of legal capacity can conclude a contract on resident's foreign currency current account with Postal Savings Bank by presenting a personal ID card, passport or refugee ID card.
A foreign citizen residing in the Republic of Serbia for more than a year can open a resident's foreign currency current account by presenting an ID card for foreigners or a passport issued by a foreign country and a certificate issued by the Ministry of Internal Affairs for the purpose of concluding a contract, specifying the date of registration of residence, registration number for foreigners, passport number, address of residence in the Republic of Serbia. A resident's foreign currency current account can be opened on behalf of a minor, as well as a person under guardianship. In that case, foreign currency current account holder (or legal representative or guardian) is given an identification card for managing funds in the foreign currency current account.
A contract on a non-resident foreign currency current account can be concluded by a natural person residing abroad, except for persons whose temporary residence in the Republic of Serbia lasts longer than one year (by presenting a foreign passport and registration of residence in the Republic of Serbia), by a foreign natural person employed in a foreign diplomatic mission in the country and members of his/her family (by presenting a foreign passport and registration of residence in the Republic of Serbia), and a natural person who is a citizen of the Republic of Serbia residing abroad for more than one year on the basis of a residence permit or work visa.
Payments can be made to the foreign currency current account in one or more of the following currencies: Euro (EUR), US Dollar (USD), Canadian Dollar (CAD), Australian Dollar (AUD), British Pound (GBP), Swiss Franc (CHF), Norwegian Krone (NOK), Swedish Krona (SEK), Chinese Yuan (CNY), Russian Ruble (RUB).
Disposal of funds in the foreign currency current is carried out by withdrawing foreign cash or RSD equivalent at the Bank's counters and ATMs, as well as by payment and transfer orders. No withdrawal fee is charged. At the client's request, the amount deposited can be converted into one of the listed currencies, and the conversion fee is charged in accordance with the Tariff of Fees of Postal Savings Bank.
The foreign currency current account holder can authorize only one person to manage his/her foreign currency account.
Clients who receive foreign pensions have the option of opening a RSD current account which gives them rights and options prescribed by the General terms and conditions for opening and maintaining a RSD current account, such as the right to use cheques, apply for loans, use credit cards, etc. All clients who own foreign currency current accounts can apply for a Visa card which can be used to pay for goods and services in the country and abroad, as well as withdraw cash at ATMs and post offices equipped with POS terminals.
A client who resides abroad and has a foreign currency current account opened with Postal Savings Bank issues an order to his/her bank to transfer foreign currency funds from an account abroad to the foreign currency current account held with Postal Savings Bank via S.W.I.F.T. or Eurogiro remittance.
Regardless of the way the payment was made, the money is deposited to the client's account on the same day when the funds are transferred to Postal Savings Bank.
The client may make a personal transfer of means of payment abroad on the following grounds:
The client can make outgoing foreign payments on the basis of current or capital transactions (the concept of current and capital transactions is defined by the Law on Foreign Exchange Operations), and the Instructions for the Implementation of the Decision on the Conditions and Method of Performing Payment Transactions with Foreign Countries prescribe more detailed conditions for execution of outgoing foreign payment orders.
The client is obliged to submit an invoice for payment specifying the amount, name and surname of the person or name of institution receiving the payment, account number and name of the foreign beneficiary bank, i.e. the full name and address of the institution receiving the payment, as well as the account number (IBAN), the name of the foreign bank and the SWIFT address of the bank with which the client has an account. Payment can be made on the basis of an invoice submitted by fax, but the client must deliver the original invoice in person or by mail.
The client must have coverage in the foreign currency current account, regardless of whether he/she has a regular income from a pension or deposits foreign cash. The amount of coverage in the foreign currency current account must be equal to the amount of the payment order, increased by the amount of fee charged for this service.