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Opening a bank account in Adriatic Bank (Montenegro)
- Price:1500 eur
- Term:up to 3 weeks
Adriatic Bank AD Podgorica – is a modern bank that is actively developing and offering a wide range of services for individuals and businesses. Founded in 2016 under the name Nova Banka AD Podgorica, the bank rebranded and changed ownership in 2020, becoming one of the most reliable financial partners in Montenegro. Since 2023, Adriatic Bank has become the fifth-largest bank in Montenegro, demonstrating rapid growth in popularity due to its flexibility, digital approach, and customer-oriented services.
More than 40% of Adriatic Bank’s clients are non-residents, highlighting its appeal among international customers thanks to flexible conditions and accessible services. The bank participates in the deposit guarantee system.
- Visa and Mastercard payment cards are available for issuance (limits apply for different client profiles).
- Current accounts can be opened for international transfers in EUR. Additional currencies such as CHF, GBP, CAD, and AED are available upon agreement with the bank.
- USD transactions are not supported, and transactions involving offshore jurisdictions, Belarus, and Russia are also not permitted.
- The bank operates with SWIFT transfers with no restrictions on amounts.
- Internet banking and a modern mobile application for account management are available.
- Each client is assigned a personal manager.
- The bank provides advisory support for small businesses and startups.
- Investment solutions, private banking, deposits, and loans are available.
- There is no requirement to rent an office in Montenegro to open an account.
- Bank has branches (representative offices) in Bar, Podgorica, Tivat, and Budva.
Adriatic Bank opens accounts for individuals and legal entities, including non-residents. The bank serves companies registered in various jurisdictions such as Hong Kong, Singapore, the UAE, EEA countries, Canada, the United Kingdom, Switzerland, the USA, and Ukraine. Accounts for partnerships (LLP) are allowed, but Scottish LPs are not serviced.
The bank does not work with tax-free jurisdictions, nominee services, or high-risk activities.
Current and investment accounts.
A personal visit to Adriatic Bank is not mandatory for opening an account. Accounts can be opened remotely using a power of attorney, which is convenient for non-residents and international clients, as well as through video identification. However, in some cases, the bank may require an in-person meeting to verify identity and clarify information, depending on the type of account or the client's risk category.
It is important to note that the bank requires the full set of documents translated into Montenegrin and notarized. The original documents must be submitted to the bank for account opening.
Please note that according to international account opening standards, every bank is required to follow the KYC (Know Your Customer) procedure. Therefore, the bank will request documents and information verifying identity, business activities, and financial standing for identification purposes. Additionally, the financial institution may, based on its internal policies, decline cooperation without providing reasons.
To avoid potential issues, we strongly recommend consulting specialized legal professionals for preliminary advice on opening foreign bank accounts. We can guide you through all the key aspects of opening an account with Adriatic Bank in Montenegro.