Slovakia is a lovely nation with a dynamic and diverse ethnic environment and a strong growing economy. It is host to a tiny yet thriving expat population for many reasons.
Creating a bank account is almost certainly on your to-do list if you plan to reside in Slovakia. Use this text as a guideline on how to open a bank account in Slovakia.
As a non-resident of Slovakia, Can I open a bank account?
Yes, even if somewhat the required documents differ per bank. You’ll almost probably require a valid passport or ID card, as well as evidence of residency. Many banks refuse to create accounts for third-country business firms or those who have power of attorney. You should contact the banks you’re considering, and they’ll be capable of telling you what’s doable.
Procedure
The method of creating a bank account in Slovakia is simple, following their friendly demeanor. If you visit a local bank, you don’t have to plan an arrangement, but it may simplify matters. Setting aside time to establish your bank account can help you skip long lines and give the bank the time it needs to review your credentials.
Essential Documents for a non-resident:
The following is the basic paperwork needed to create a bank account in Slovakia:
- Passport or identification card
- Proof of citizenship
- If you don’t have a residency card, you’ll need verification of location.
If you’re a non-resident activating an account, you may be required to present two personal verification forms, one of which must contain a legitimate location of your fixed residency in Slovakia to demonstrate your connections to the nation. Several banks will request an expert interpretation if the papers are not in English or Slovak. If you are not an EU resident, providing several backing paperwork (such as a legitimate rental or work agreement) is encouraged to speed up the permitting process.
What to keep in mind when opening a bank account in Slovakia:
1. Based on the bank, monthly upkeep costs range from €5 to €10. If you keep a minimum deposit with some banks, you may be able to avoid paying this fee.
2. Banks have outstanding mobile and internet banking alternatives, but before arranging a booking, verify with your nearest branch.
3. Your service fees are likely to cover transactions from your home ATMs. However, if you need to take cash from another bank’s ATM, you may be charged more.
Top banks in Slovakia:
In Slovakia, there are a variety of banks to select from, all of which provide attractive facilities and offers. Most banks in the country are multinational controlled, and many offices have English-speaking employees. The following are some of the most well-known banks in Slovakia and the best banks for non-residents:
VUB Banka (Intesa)
VUB Banka began functioning in 1990 as a state-owned finance company, offering business banking services to business customers throughout the country. After an Italian corporation, IntesaBci (now Intesa Sanpaolo), bought a controlling stake in the bank in 2001, it emerged as an independently owned corporation.
VUB Banka is a Slovakia-based bank that provides a comprehensive variety of personal, business, and financial goods and solutions to residents and non-residents. It has 197 places of business throughout Slovakia, consisting of commercial departments, business departments, loan centers, and one office in the Czech Republic.
Tatra Banka (Raiffeisen)
Tatra Bank was Slovakia’s first independent bank, established in 1990. Personal clients, SMEs, and other enterprises can use it as a global bank to get commercial, financial, and industrial banking tools and operations.
The company employs 3,600 people and is premised in Bratislava. It operates 94 outlets and 16 corporate business centers around the United States.
Slovenska Sporitelna (Erste Bank)
Slovenska Sporitelna, based in Bratislava, is the largest among Slovakia’s financial institutions in terms of overall resources, customer savings, consumer financing, and office and ATM locations. It was founded in 1825 as Slovakia’s first investment bank, and in 2001 it joined the Erste Bank Group.
The bank provides a comprehensive variety of banking solutions and operations to both individual and business customers. It presently supports over 2.2 million clients in Slovakia and operates 203 offices, eight district centers, and 747 ATMs.
