The power of advanced money management

Open an account

The power of advanced money management

Open an account


Individual service
Multicurrency account
We speak Russian


Can I receive services in the Russian language in a Serbian bank?

Yes. At API Bank. We will be happy to answer your questions and provide full banking service in Russian, Serbian and English.

Can I open an account in RUB in a Serbian bank?

API Bank is one of the rare banks in Serbia that offers RUB accounts: RUB accounts will be especially useful to you if you receive income in roubles in Russia, which you want to transfer to your account in Serbia.

What is the amount of cash in foreign currency that I can bring into Serbia if I’m not a citizen of Serbia and have no residency permit?

You can bring any amount, but if it exceeds EUR 10,000 (or its equivalent if in other currencies), then you will have to fill in a declaration at customs, which will issue a customs certificate.

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

If you are depositing an amount higher than EUR 10,000 or equivalent in other currencies, you will have to provide a customs certificate of bringing the money into Serbia, or a certificate from another bank in Serbia that confirms you withdrew the amount from your foreign currency account.

How much cash in foreign currency can I bring out of Serbia if I’m not a citizen of Serbia and have no residency permit?

You can bring any amount out of Serbia that does not exceed EUR 10,000 (or its equivalent in other currencies). You can bring out an amount that exceeds this limit if you have a certificate confirming that the amount in foreign currency was withdrawn from a bank in Serbia.

What are the restrictions for bringing out cash in RSD?

Serbian nationals and foreigners can bring in/out cash in RSD in amounts not exceeding the countervalue of EUR 10,000.

Can I open an account in a Serbian bank if I have a Russian passport, but no residency permit in Serbia?

You can.

If I want to withdraw more than EUR 10,000 in cash from my account, what do I do?

You need to contact the bank (by phone, email or in person) and submit a free form request for withdrawing cash. The bank will prepare the requested amount, in compliance with NBS limits for amount, and you can pick it up at one of our branches, which you designated in the request.

Can I transfer money from Russia to Serbia?

Our bank accepts transfers in rubles.

How can I spend money from my account?

When you open a foreign currency account, you automatically get a VISA card in RSD, which you can use to pay for goods and services, and withdraw cash.

How can I pay utility bills in Serbia (telephone, Internet and other utilities)?

Mobile app and e-banking are the most affordable method for paying regular bills. However, in order to use this service, you need to get a residency permit and live in Serbia for at least one year. Until then, you should visit our branch, where our employees will help you execute payments quickly.

What term deposits does the bank offer?

The bank offers favorable interest rates in leading currencies.

Do you issue certificates for obtaining visas and residency permits?

Of course! This service only takes a couple of minutes.

How long does it take to open an account?

The account opening procedure takes up to 3 working days, depending on the number of requests received at that time.

How many times do I have to come to the bank branch?

You come to the bank branch to submit a request, to sign an account opening agreement and to pick up cards.

Can I apply for an account remotely?

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

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

From which banks of the Russian Federation can rubles be transferred?

Our bank accepts all transfers in RUB currency.

Are there any restrictions on the amount of funds?

No, you can transfer any amount, but the Bank has the right to request confirmation of the origin of the funds.

Can you send a card to a home address?

If the address is outside the Russian Federation, it is possible to send the card via DHL. If the address is in the Russian Federation, we have the option of delivering cards to Moscow and St. Petersburg.

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.

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

Yes it is possible.

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.