Payment Operations

Domestic payment operations

Srpska banka a.d. offers its clients full range of banking services at one place in the area of payment operations. By opening a business account with Srpska banka a.d. , clients may perform the following:

• Cash payments,
• Non-cash payments,
• Realization of collection orders,
• Submission of settlement orders (compensation, cession and other),
• Payments with value date set in the future,
• Larger money turnover due to time effective execution of transactions,
• Competetive tariffs

Clients are offered with direct communication at Bank’s counters, as well as through e-banking.
Payment orders may be submitted at the counters, on electronic medium and by means of electronic communication. Clients who choose to submit their payment orders electronically, will be offered with free use of appropriate software solutions, with necessary level of data security.
Bank distributes account statements to its clients for each account by:

• post,
• fax,
• in person,
• е-mail.

We are confident that permanently high liquidity, security and ensured privacy of your deposits will be the key factors for you to decide to cooperate with Srpska banka a.d.

International payment operations

Srpska banka a.d. offers to its clients modern and quality service of international payments, using long standing experience of its employees and worldwide network of correspondent and settlement banks. Srpska banka a.d. currently has established correspondent relationships and exchanged SWIFT keys (RMA) with more than three hundred banks worldwide.

International outgoing payments

Required documentation for outgoing payments:

Legal entities - residents:

• Payment order;
• Copy of proforma invoice, invoice or contract, and, in case of credit arrangement, copy of the relative credit application form, proving payment obligation towards abroad.

Legal entities – non residents:

• Payment instructions on client’s letterhead;
• Copy of invoice or contract, proving payment obligation towards abroad;
• Evidence of settlement of tax and other obligations towards Republic of Serbia under relative transaction, in accordance with legal regulations.

List of Main Correspondents of Srpska banka a.d. Beograd, SRBNRSBG
Payments in favour of beneficiary in European Union countries, in the amount up to EUR 50.000,00
1. According to banking practice, the funds will be available on the account of beneficiary’s bank in 0 to 48 hours the following day from the moment of submission of payment order, secured with coverage for payment and paid fee, completed in accordance with the Guidelines for implementing the Decision on Terms and Conditions of Performing Foreign Payment Transactions, if the Bank maintains correspondent account with beneficiary’s bank. If the Bank has no correspondent account with beneficiary’s bank, the moment when the funds will be available on the account of the beneficiary’s bank will depend on the number of banks involved in payment chain and their business policies.
2. According to usual practice, beneficiary’s bank will require 48 hours maximum to credit the beneficiary’s account.
3. For international payment services, the Bank calculates and charges fee in accordance with current Tariff of Fees for banking services of Srpska banka a.d. Beograd. If the ordering customer selects SHA or BEN option in respect of banking charges, there will be no additional charges for the account of ordering customer. If the ordering customer selects OUR option in respect of banking charges, charges of the banks abroad will be for the account of ordering customer.
4. Value date will be 48 hours maximum from the moment of submission of payment order, correct from the standpoint of foreign exchange regime and secured with cover for payment.
5. Ordering customer may send complaints and requests for reimbursement for loss occurred if the Bank has not fulfilled its contract obligations, according to Decision Specifying Conditions and Manner of Dealing with Bank Customer Complaints, Official Gazette of Republic of Serbia no.114/22.12.2006.
6. The Bank makes conversion of Euro into other foreign currencies by using buying and selling exchange rates from its exchange rates list without fee. Details regarding made foreign currency conversions in relation with payment orders, will be accompanied with your foreign currency account statement.
Srpska banka a.d. offers to its clients protection from exchange rate volatility risk through term selling of foreign currency. Additional information is available at following link:
Protection from exchange rate volatility risk

International incoming payments

Relying on wide and constantly growing network of worldwide correspondent banks, the Bank is able to meet its clients’ needs and offer a service of incoming payments from any part of the world. The Bank informs clients of incoming payments from abroad, who are then obliged to provide the Bank with data relating to grounds and details on the incoming payment, necessary for effecting of the same, within 24 hours and, if needed, to submit a request to the Bank for transfer of funds to credit the end beneficiary’s account.
Upon receipt of the necessary information, the Bank shall process such incoming payment with the value date from the SWIFT message and without any fee being charged. At their request, clients may be provided with precise instructions for routing of incoming payments in different currencies and from different countries, enabling fast and secure realization of incoming payments.

Opening of dinar and foreign currency accounts of legal entities – residents and non-residents

Required documentation for opening and managing of dinar and foreign currency accounts of legal entities - residents:

• Request for dinar account opening
• Request for foreign currency account opening
• Specimen of authorized signatures for dinar / foreign currency account of resident
• Certified signatures of the persons authorized for representation (certified by Court or Municipality Authority)
• Request for account closure 
• Required documentation for opening of dinar and foreign currency current account for clients registered with Serbian Business Registers Agency
• Required documentation for opening of dinar and foreign currency account for legal entities registered with other competent authority
• Required documentation for opening of dinar and foreign currency account for clients established by the law
• Required  documentation for opening of dinar and foreign currency account for institutions (health care institutions, pharmaceutical institutions, social institutions, schools, …) registered with Commercial Court  
• Required documentation for opening of dinar and foreign currency account for citizen associations

Contact: + 381 11 3607 262, + 381 11 3607 302, + 381 11 3607 342
Required documentation for opening and managing of dinar and foreign currency accounts of legal entities – non-residents:

• Request for account opening accompanied with relevant documentation;
• Contract on opening and maintaining foreign currency and / or dinar account for non-residents;
• Specimen of authorized signatures;
• Statement to confirm foreign official.

Download the documents:

• Application form for registration / account opening – non-residents
• Contract on opening and maintaining foreign currency and / or dinar account for non-residents
• Specimen of authorized signatures
• Statement to confirm foreign official

Contact: + 381 11 3607 324, + 381 11 3607 351