CURRENT ACCOUNTS
The power of advanced money management

Open an account

CURRENT ACCOUNTS
The power of advanced money management

Open an account

Benefits

Individual service
Multicurrency account
We provide services in multiple languages

ANSWERS TO FREQUENTLY ASKED QUESTIONS

In which currencies can I open an account at API Bank?

In API Bank, you can open a dinar account in RSD currency and a foreign currency multi-currency account.

How much can I bring with me in cash in foreign currency to Serbia if I am not a citizen of Serbia and do not have a residence permit?

You can enter any amount, but if it exceeds 10,000 euros (if it is in another currency, the equivalent of the mentioned amount), then you will have to fill out a declaration at the customs service, which will issue you a customs certificate. It is best to get information about the precise regulations by contacting the Ministry of Foreign Affairs of the Republic of Serbia and the Embassy.

What are the restrictions for depositing cash to my bank account in Serbia?

If you deposit an amount greater than EUR 10,000 or the equivalent in another currency, you will have to submit a customs certificate on the entry of money into Serbia or a certificate from another bank in Serbia confirming the withdrawal of this amount from your account in a foreign currency.

How much cash in foreign currency can I take out of Serbia if I am not a citizen of Serbia and do not have a residence permit here?

If you deposit an amount greater than EUR 10,000 or the equivalent in another currency, you will have to submit a customs certificate on the entry of money into Serbia or a certificate from another bank in Serbia confirming the withdrawal of this amount from your account in a foreign currency, with the Bank reserving the right to request the origin funds in accordance with the regulations of the Republic of Serbia.

How much cash in foreign currency can I take out of Serbia if I am not a citizen of Serbia and do not have a residence permit here?

You can take out of Serbia an amount that does not exceed 10,000 euros (or the equivalent in other currencies). You can withdraw an amount that exceeds this limit if you present a statement confirming that the amount was withdrawn from your foreign currency account in a bank in Serbia. It is best to get information about the precise regulations by contacting the Ministry of Foreign Affairs of the Republic of Serbia and the Embassy.

Can I open an account in API Bank if I only have a passport, but no residence permit in Serbia?

You can, with a mandatory certificate of crossing the state border (it is enough to submit a passport or a certificate from the border crossing issued by the border police).

If I want to withdraw cash from my account above 10,000 euros, what should I do?

You need to contact the Bank (by phone, e-mail or come in person) and submit a free form request for cash withdrawal. The bank will prepare the required amount, in accordance with the amount limits defined by the NBS, and you can withdraw the money in one of our branches, which you will indicate in the request.

How can I transfer money from abroad to Serbia?

When opening an account, you will receive the necessary instructions for transferring currency.

Can I use the money from the account in the country and abroad?

When you open a foreign currency account, you automatically receive a VISA card, which you can use both in the country and abroad, when purchasing goods and services and withdrawing cash.

How can I pay for utility services in Serbia (telephone, internet and other utilities) if I have an account in your bank?

Mobile application and E-banking are the most convenient way to pay regular bills. However, to use this service, you must have a residence permit and have lived in Serbia for at least 1 year. Until then, you should come to the Bank’s branch, where our employees will help you make payments quickly.

What time deposits does the bank offer?

The bank offers favorable interest rates on deposits in leading currencies. The Bank offers installments in different time periods, for more information you can contact the Bank or find the information on the website page: https://www.apibank.rs/en/retail-banking/savings/

Do you issue certificates for visas and residence permits?

Of course, the confirmation is obtained at the branch, and obtaining this service will only take a few minutes.

How long does it take to open an account for non-resident clients?

The procedure for opening an account for non-resident clients takes 1 to 2 working days.

How many times do I have to come to the bank branch in order to open an account and download the card?

You need to come to the Bank’s branch in order to submit a request, sign an account opening agreement and pick up cards.

Can I submit a request to open an account without coming to the Bank?

To open an account, your presence is required or you can authorize another person to open an account on your behalf.

The power of attorney must be notarized and translated by a court interpreter for the language in which the power of attorney was made and must not be older than 3 months.

Are there any restrictions when transferring funds from my account?

Yes, if you are a non-resident and the funds in the account come from Serbia, you must also submit a certificate of settled tax obligations.

Are there any restrictions when transferring funds to my account?

No, you can receive an inflow of any amount, but the Bank has the right to request a confirmation of the origin of the funds.

How can I close my API Bank account? Is personal presence necessary?

Personal presence is not necessary to close the account, it can be done without coming to the Bank.

How can I close my API Bank account? Is personal presence necessary?

Personal presence is not necessary to close the account, it can be done remotely.

Can the proxy collect cards and PIN codes?

Yes, it is possible for the proxy to collect the cards and PIN codes for you, if this is specified in the power of attorney.

Is it possible to increase the daily limit on the card?

Yes, it is possible in two ways: through M-banking and E-banking applications and by submitting a request in one of the Bank’s branches.


This Q&A is for informational purposes only, does not constitute legal advice and does not give rise to any rights or obligations on the part of API Bank Belgrade.

Documents for opening of an account:

  • Identification document: valid passport;
  • Fulfilled request for establishment of business relationship.

Please note that API Bank complies with “Know Your Client” policy and may require documentary proof of source of funds of the account holder.

API Bank may refuse to open an account at its sole discretion. Restrictions to use certain services of the Bank may apply to the residents of some jurisdictions.



Please carefully review the documents for opening of an account for private individuals:

If you are interested in opening an account at API Bank, you can send the Request for establishing a business relationship for private individuals for preliminary approval via the Contact form.

You can find an example of a correctly completed Request in the attachment and see how to fill out the document for sending in the correct way.

Then send the filled-in Request (PDF file) via the filled-in Contact form located below on the site page.

API Bank employees will contact you as soon as possible to schedule an appointment for opening an account.