Opening a bank account in Montenegro for non-residents
One of the frequently asked questions coming from foreign buyers, is how to open a bank account in Montenegro?
This procedure is changing from time to time and depends on the bank, but here is some general information.
In order to open a bank account as a non-resident, the banks will ask you to provide them with a valid personal document (ID or passport) and a residential or work permit.
Once these documents are submitted, the bank will process your application and get back to you with the answer within a given deadline.
In addition, non-residents buying real estate in Montenegro can currently apply for a loan from Lovcen bank. More information you may find on the following link:
https://www.lovcenbanka.me/en/retail/loans/housing-loans-loans-for-purchase-of-real-estate-business-premises/loan-for-non-residents-for-real-estate-purchase
As mentioned, please note that information above are subject to change, so we strongly advise you to pay a visit to your bank of choice and get up-to-date information directly from the bank employees.
Useful links:
