What are the bank charges for money transfers in Montenegro?

Bank transfer charges to and from abroad to an individual’s private account in Montenegro are as follows:

CKB bank

FX inflows (loro remittances)

The fees charged by the Bank to receive the funds from abroad depend on the inflow amount, and they are as follows:

–  amounts up to EUR 3,000 – 1% of the amount

–  amounts from EUR 3,000 to 50,000 – 0.5% of the amount

–  amounts over EUR 50,000 – 0.3% of the amount

International payments (nostro remittances):

– for amounts up to EUR 1,500 – 1% of the amount (minimum EUR 9)

– for amounts from EUR 1,500 to EUR 3,000 – 1% of the amount

– for amounts from EUR 3,000 to EUR 50,000 – 1% of the amount

– for amounts over EUR 50,000 – 0.5% of the amount

If the client wants to bear the costs of the final user of funds (option “OUR”), besides standard commission he has to pay costs of additional commission as follows:

– from EUR 1 to EUR 4999 – EUR 10.00

– from EUR 4999 to EUR 12500 – EUR 15.00

– from EUR 12500 and more – EUR 20.00

 

ERSTE bank

FX inflows (loro remittances)

Incoming transfer – inflow from abroad, for amounts up to € 500 3,00 €

Incoming transfer – inflow from abroad, in the amount of 500 – 2,500 € 10,00 €

Incoming transfer – inflow from abroad, for amounts exceeding € 2500 0,45%

International payments (nostro remittances):

Outgoing payments (cost option BEN or SHA) – the beneficiary’s bank abroad 0,60% min 15,00 €

Outgoing payments (cost option OUR) – the beneficiary’s bank in Serbia 0,30% (min. 25,00 €)

Outgoing payments (cost option OUR) – the beneficiary’s bank abroad, except for Serbia 0,60% (min. 25,00 €)

 

NLB bank

FX inflows (loro remittances)

0,5% or minimum 2 EUR

International payments (nostro remittances):

option BEN 0,50% of the amount, min 10€

option SHA 0,75% of the amount, min 20€

option OUR 1% of amount, min 25€

 

Prva Banka

FX inflows (loro remittances)

-International inflow on FX account- free of charge

International payments (nostro remittances):

-Nostro remittances (cost option “BEN” / “SHA”)

currency same day fee 0,50% min. 30,00 €

currency 24 hours fee 0,30% min. 20,00 €

currency 48 hours fee 0,20% min. 10,00 €

-Nostro remittances (cost option “OUR”)

currency same day fee 0,60% min. 40,00 €

currency 24 hours fee 0,40% min. 35,00 €

currency 48 hours fee 0,30% min. 30,00 €

 

Societe Generale Montenegro

FX inflows (loro remittances)

International inflow on FX account- free of charge

International payments (nostro remittances):

Fee for international payment standard D+2: 0,45%, min 10€ per order

Fee for international payment standard D+1: applicable tariff D+2 increased by 30%; min 13€

Fee for international payment standard D+0 applicable tariff  D+2 increased by 50%; min 15€

 

Addiko bank

FX inflows (loro remittances)

International inflow on FX account- free of charge

International payments (nostro remittances):

0,4 % of amount +10 € Our

 

Hipotekarna Banka

FX inflows (loro remittances)

International inflow on FX account- free of charge

International payments (nostro remittances):

–  for amounts up to EUR 1,000€ – fix. 10€

– for amounts from EUR 1,000€ to EUR 20,000€ – fix. 20€

– for amounts over EUR 20,000€ – 0,1% of the amount

 

updated: February 2019