If you decide to move to Croatia, you will probably need to open a bank account at some point.
We are sharing top tips on how to open a bank account in Croatia as a foreigner. In this article you can find out what documents are required for opening a bank account, available options and and more about the whole process.
Do I need a bank account as a foreigner?
Paying in Croatia can be done in cash or by card, but it’s always easier to open a bank account and manage your money efficiently, receive payments, and make purchases or withdrawals.
Most cafes and bars will prefer cash, but you can also use your bank card.
What are the benefits of a Croatian Bank Account?
- Local Transactions: Avoid international transaction fees and currency conversion costs.
- No-hassle Payments: Pay for services and products in Croatia with ease.
- Financial services: You can access financial services such as loans and mortgages.
- Convenience: Manage your finances more efficiently with a local account.
What banks are available in Croatia?
Croatia has a range of banks, from large international institutions to local Croatian banks. Here is a list of some major banks where you can open an account:
- Zagrebačka banka
- Privredna banka Zagreb (PBZ)
- Erste&Steiermärkische banka (Erste Bank)
- Raiffeisenbank Austria (RBA)
- Splitska banka
- Hrvatska poštanska banka (HPB)
Additional options
- Wise (formerly TransferWise): Wise offers multi-currency accounts that allow you to hold, send, and receive money in multiple currencies. It provides a local bank account in Croatia with details for receiving payments, which can be particularly useful for foreigners living in or dealing with Croatia. Wise is ideal for individuals looking for low-cost, efficient ways to manage money internationally without the need for a traditional bank
- .Revolut: Revolut provides a digital banking alternative with features like multi-currency accounts, international money transfers, and budgeting tools. With Revolut, you can open an account online and receive a physical or virtual debit card. It allows you to hold and exchange multiple currencies and make transactions at competitive rates. Revolut’s app also offers additional features like crypto trading and travel insurance, making it a versatile choice for modern banking needs.
Required Documents for Opening a Bank Account
As a foreigner, the documentation required to open a bank account in Croatia may vary slightly between banks, but generally, you will need the following:
- Passport: You will need a valid passport as proof of identity.
- Proof of Address: Proof of address servers to show your current address. You can use a utility bill, rental agreement, or bank statement.
- Tax Identification Number (OIB): OIB is a Croatian tax identification number. This can be obtained at the local tax office or through a notary.
- Proof of Employment or Income: You might need proof of employment or income, such as a letter from your employer or recent payslips.
- Residence Permit or Visa: A bank might ask for your residence permit if you plan to stay long-term.
- Completed Application Form: Each bank will have its own application form, which you will need to fill out.
How to open a bank account in Croatia?
The process for opening a bank account in Croatia generally involves the following steps:
- Choose a Bank: Take your time and find out what bank in Croatia suits your needs. Pay attention to fees, services, and customer reviews.
- Collect Documentation: Collect all necessary documents listed above.
- Visit a Branch: Go to a local branch of your chosen bank. Some banks might offer online account opening, but visiting a branch is often required for identity verification.
- Submit Documents: Provide your documents to the bank representative. They will verify your identity and process your application.
- Complete Application: Fill out the application form and any additional paperwork the bank requires.
- Account Approval: Once your application is reviewed and approved, you will receive your account details. Depending on the bank, this process can take a few days to a couple of weeks.
- Activate Your Account: You may need to visit the branch again to activate your account or receive your debit card and other account-related materials.
How long does it take for the bank to process my application?
The time required to open a bank account in Croatia can vary. Generally, you can open an account on the spot, where you will be provided with the bank details straight away, but depending on the bank and additional verification steps, it can take about 5 to 10 business days to complete the process.
How to speed up the process?
- Prepare Documents in Advance: Ensure you have all the required documents before visiting the bank to avoid delays.
- Check Bank Requirements: Different banks may have slightly different requirements or procedures, so check beforehand.
- Consider Language Barriers: Some banks may offer services in English, but knowing some basic Croatian or bringing a Croatian-speaking friend is beneficial.
- Be Patient: The process may take some time, so allow sufficient time to plan your visit.
Summary – How to open a bank account in Croatia as a foreigner?
Opening a bank account in Croatia as a foreigner involves a clear understanding of the required documents, the process, and the various banking options available. By following the steps outlined above and preparing your documents in advance, you can ensure a smoother and more efficient account opening experience. Whether you’re moving to Croatia for work, study, or leisure, having a local bank account will make managing your finances easier and more convenient.
