How do you open a bank account in Serbia?
- See the data table below for detailed numbers
- Check the FAQ section for common expat questions
- Use our free assessment to get personalized results
Cash or card? Local bank or digital? In Serbia, the answer depends on where you live and how long you're staying.
Banking Overview in Serbia
| Feature | Details |
|---|---|
| Currency | Serbian dinar (RSD) дин. |
| Bank Account for Foreigners | Yes |
| Access Difficulty | Medium |
| Remote Opening | No |
| Wise Available | No |
| N26 Available | No |
Opening a Bank Account in Serbia
Foreigners can open bank accounts in Serbia. The process difficulty is rated as medium, which means you should expect some bureaucracy and possibly language barriers.
Required Documents
- Valid passport or national ID
- Proof of address / residence registration
- Residence permit (if applicable)
- Tax identification number (if available)
- Initial deposit (amount varies by bank)
Considering Serbia? Our decision engine scores your profile against real visa rules, salary data, and cost of living. Get Your Free Verdict →
Digital Banking Options
Wise (TransferWise)
Wise has limited availability in Serbia. While you may be able to send money to Serbia, full local account features may not be available. Check their website for the latest on Serbia-specific services.
N26
N26 is not currently available in Serbia. You may need to consider local digital bank alternatives or traditional banks.
International Transfers
When transferring money to or from Serbia, consider these factors:
- Exchange rate: The currency is RSD. Always compare the offered rate with the mid-market rate.
- Transfer fees: Transfer fees vary — compare providers like Wise for the best rates.
- Transfer speed: Bank-to-bank (SWIFT) transfers take 2-5 business days. Digital services often complete within 1-2 days.
- Regular transfers: If sending money home regularly, set up a recurring transfer to lock in better rates.
Salary and Everyday Banking
The average salary in Serbia is approximately €1,267 per month. Your employer will typically require a local bank account for salary deposits. Most banks offer:
- Debit card (Visa or Mastercard)
- Online banking portal and mobile app
- Direct debit setup for rent and utilities
- ATM withdrawals (check fee policies)
Tips for Expats
- Use a multi-currency card: A multi-currency travel card (Wise, Revolut) saves you exchange fees during the transition period.
- Set up online banking immediately: Most routine transactions can be handled online or via app, saving you queues and branch visits.
- Get a local phone number first: Most banks require a local mobile number for SMS verification. Set this up before visiting the branch.
- Ask about expat-friendly packages: Some banks offer special accounts for foreign residents with English-language support and lower fees.
- Compare fees before choosing: Monthly account fees, ATM charges, and international transfer costs vary wildly between banks. Ask before you open.
Planning to move to Serbia?
Get your personalized emigration verdict covering visa eligibility, cost of living, and career prospects across 190+ countries.
Get Your Free VerdictFrequently Asked Questions
Is mobile banking widely available in Serbia?
Yes, most major banks in Serbia offer mobile banking apps with features like transfers, bill payments, and balance checks. Local banks are increasingly investing in mobile technology.
How long does it take to open a bank account in Serbia?
Opening a bank account in Serbia typically takes 1-3 weeks depending on documentation readiness and the bank chosen. Digital banks may be faster.
Are there any fees for maintaining a bank account in Serbia?
Many banks in Serbia charge monthly maintenance fees ranging from дин.2 to дин.15. Some offer free accounts if you maintain a minimum balance or receive a regular salary.
What is the local currency in Serbia?
The local currency in Serbia is Serbian dinar (RSD), represented by the symbol дин. Most payments can be made by card, though cash may still be important in some contexts.
What are the best banks for expats in Serbia?
For expats in Serbia, options depend on your needs. We recommend comparing traditional banks with digital alternatives based on your transaction patterns and whether you need international transfers.