Banking Services
Out of the total of 35 commercial banks, 21 are in majority foreign ownership. They have branch offices in all major Serbian cities, providing a wide array of banking services.
Every-day payment transactions are, with a few exceptions, made in Serbian dinars, and one can use various types of credit cards (Visa, MasterCard, Diners, American Express). All major foreign currencies can be freely purchased and sold in exchange offices throughout the country. Expats, who have lived in Serbia for more than a year, may have a foreign currency account both in the country and abroad.
Foreign cash may be taken out from Serbia in the amount of up to €10,000 or its equivalent value in other foreign currency. The amount higher than the above specified may be taken out provided: a) it has been reported upon entering the country, based on a certificate of bringing foreign cash into Serbia issued and certified by the customs authority; b) it has been withdrawn from a foreign currency account or foreign currency passbook in a bank in Serbia, based on a certificate issued by the bank; or c) it has been acquired by selling dinars, obtained through the previous use of a payment card in Serbia, based on a certificate issued by an exchange office.
For more information on the banking sector in Serbia log onto the website of the National Bank of Serbia (www.nbs.rs).
