January 20, 2023

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:

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: