Accounts
Raiffeisen banka offers you a range of products and services that will make your dinar and foreign currency business transactions safer, faster and more competitively priced for you and your business partners.
Packages for entrepreneurs
Decide in favor of one of our packages for entrepreneurs* and find out about all the benefits already used by 15,000 of our clients! Just like you, they work hard to improve their business and carefully manage their finances in order to draw the maximum out of the business opportunities in the market. Our packages support them in their efforts, because they obtain everything they need for undisturbed business activities at one place and with one visit to the bank.
Our officers in charge of small businesses and entrepreneurs are here to help you choose the package best suited to your business.
* with annual income up to EUR 3 million
Packages for legal entities
By using a service package, you gain benefits regarding the amount of fees and interest rates for the products and services contained in the package of your choice.
Created with the aim of making everyday business activities easier for companies (with annual income up to EUR 3 million) and to enable them to obtain everything they need to run their business without any disturbances.
Account overdraft
The overdraft amount is available for a period of 12 months from the date of making the funds available to the client and enables the client to maintain the necessary liquidity at any moment, as well as the possibility to easily overcome cash flow problems that may arise.
Small enterprises can use the approved funds as a “back-up” in case of unexpected business expenditures, thereby solving the problem of occasional deficit of funds and settling all their payment obligations in time.
A special benefit with using this kind of short-term crediting is that interest is being charged only on the funds the company uses in the course of the month and the approval procedure is short and simple.
Credit terms
Account overdraft
| Credit amount | up to RSD 5,000,000* |
| Repayment term | up to 12 months |
| Interest rate fixed RSD | from 9.5% to 17%, annually |
| Interest rate variable RSD | from 4.0% + 1M Belibor to 11% + 1M Belibor |
| Purpose | for current liquidity |
| Collateral | promissory note of the company and the owner’s personal promissory note |
*depending on the client’s creditworthiness
Representative example
| Type of credit | Account overdraft for entrepreneurs, fixed interest rate, no collateral | |
| Currency | RSD | |
| Credit amount | up to 5,000,000 RSD | |
| Repayment period | 12 months | |
| Interest rate (annual) |
from 9.5% to 17 % fixed, proportional calculation method | |
| Instruments of collateral | – 5 blank promissory notes signed and verified by the user of the account overdraft
If there is a connected legal entity/ entrepreneur or a guarantor legal entity – 3 blank promissory notes of the guarantor of the connected legal entity – 5 blank promissory notes of the guarantor of the legal entity which is not a connected legal entity |
|
| Expenses borne by the user, known at the moment of publishing this information and included in the calculation of the effective interest rate | ||
| Credit application processing fee | from 0.5% to 1% of the amount of the approved overdraft, one-time payment, at least RSD 5,000 | |
| 1 promissory note | 50 RSD | |
| Credit Bureau Report | 600 RSD for entrepreneurs and 246 RSD for the private individual, founder of the entrepreneurship, RSD 600 for the guarantor company | |
| Cost of certificate on paid tax/ tax-exemption from paying property tax | 640 RSD | |
| Monthly account maintenance fee for clients who are not currently clients of Raiffeisen banka | 250 RSD | |
| Expenses borne by the user which are unknown at the moment of publishing this information – | ||
| – No additional expenses | ||
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| Representative example for account overdraft, fixed interest rate, no collateral
(without guarantee of other legal entities) |
New client of the bank | Existing client of the bank |
| Credit amount | RSD 1,000,000 | RSD 1,000,000 |
| Term (in months) | 12 | 12 |
| NIR (annual, fixed) | 17% | 17% |
| EIR* | 20.50 % | 20.17 % |
| COSTS BORNE BY THE CREDIT USER | ||
| Interest rate cost | 172,361.13 RSD | 172,361.13 RSD |
| Cost of promissory note | 5 x 50 RSD= 250 RSD | 5 x 50 RSD= 250 RSD |
| Cost of Basic Report from the Credit Bureau | 600 RSD | 600 RSD |
| Cost of Basic Report for the founder | 246 RSD | 246 RSD |
| Request processing fee | 10,000 RSD | 10,000 RSD |
| Cost of certificate on paid tax/ tax-exemption from paying property tax | 640 RSD | 640 RSD |
| Account maintenance fee for clients who are not currently clients of Raiffeisen banka** | 11 x 250,00 = 2.750 RSD | |
| * The effective interest rate (EIR) was calculated on the date Sept. 11, 2019. | ||
| ** For current clients of the bank, the monthly cost of payment account/package maintenance is not included in the effective interest rate calculation. | ||
Documents
Account opening
Raiffeisen banka offers you a range of products and services that will make your dinar and foreign currency business transactions safer, faster and more competitively priced for you and your business partners.
Domestic payments
Raiffeisen banka offers you a range of products and services that will make your dinar and foreign currency business transactions safer, faster and more competitively priced for you and your business partners.
We will recognize your needs and offer you the best solution.
The basic values of payment transactions in our bank are cost-effectiveness, efficiency and security, in order to reduce your costs and enable you to do business at globally accepted standards.
Benefits of opening a business account with Raiffeisen banka
Receiving account statements
Submitting payment orders
Brochure for domestic and international payments
International payments
Raiffeisen banka performs international payments by using the most up to date technological solutions, as well as a wide network of correspondent banks. Our clients can have special benefits if they use the services of Raiffeisen banka and pay within the Raiffeisen Group.
Benefits of paying through Raiffeisen banka
Submitting orders and documents
You can submit the adjoining documents (invoice, proforma-invoice, contract, etc) scanned via e-mail to the address:
customer.service@raiffeisenbank.rs or to the fax No. 011/220-7603; 011/220-7609; 011/222-5789.
If the client signs a contract that defines international payments without any other adjoining documents, the client only needs to present the payment order for the particular payment.
Sending of statements
Payments within the Raiffeisen Group
| BIC code | Bank name |
| SGSBALTX | Raiffeisen Bank Sh.a., Tirana, Albania |
| RZBAATWW | Raiffeisen Bank International AG, Austria |
| RVSAAT2S | Raiffeisenverband Salzburg, Austria |
| RLNWATWW | Raiffeisenlandesbank Niederösterreich-Wien, Austria |
| RZOOAT2L | Raiffeisenlandesbank Oberösterreich, Austria |
| RZTIAT22 | Raiffeisenlandesbank Tirol, Austria |
| SLHYAT2S | Salzburger Landes-Hypothekenbank, Austria |
| RVVGAT2B | Raiffeisenlandesbank Vorarlberg, Austria |
| RIDBATWW | Zuno Bank AG, Austria |
| PJCBBY2X | Priorbank JSC, Minsk, Belarus |
| RZBABA2S | Raiffeisen Bank d.d Bosna i Hercegovina, Sarajevo, Bosnia and Herzegovina |
| RZBBBGSF | Raiffeisenbank (Bulgaria) E.A.D., Sofia, Bulgaria |
| RZBCCZPP | Raiffeisenbank a.s., Prague, The Czech Republic |
| ZUNOCZPP | Zuno Bank, Organizacni Slozka, The Czech Republic |
| UBRTHUHB | Raiffeisen Bank Zrt., Budapest, Hungary |
| RVSADEMX | Salzburg-München-Bank (SMB), Germany |
| RZOODE77 | RLB Zweigniederlassung Süddeutschland, Germany |
| RCBWPLPW | Raiffeisen Bank Polska S.A., Warsaw, Poland |
| RZBRROBU | Raiffeisen Bank S.A., Bucharest, Rumania |
| RZBMRUMM | Raiffeisenbank Austria d.d., Zagreb, Croatia |
| TATRSKBX | Tatra banka a.s., Bratislava. Slovakia |
| RIDBSKBX | TZuno Bank AG, Pobocka Zahranicnej Banky, Slovakia |
| KREKSI22 | Raiffeisen Banka d.d., Maribor, Slovenia |
| RBKORS22 | Raiffeisen Bank Kosovo J.S.C., Priština, Serbia |
| RZBSRSBG | Raiffeisen banka a.d., Belgrade, Serbia |
| AVALUAUK | Raiffeisen Bank Aval JSC, Kiev, Ukraine |
* depending on the client’s creditworthiness
**depending on the repayment term
Payments to beneficiaries in states-members of the European Union in amounts up to EUR 50,000.00
Payment orders for beneficiaries in a member state of the European Union, in amounts up to EUR 50,000.00 which the bank receives up to the time foreseen for payment order receipt in accordance to the valid Tariff of the bank for payment services, the bank will process on the same day by sending an order to the corresponding bank abroad with value date D+2 or the date agreed. The beneficiary’s bank will approve the beneficiary’s account in accordance with its business policy. The payment orders which the bank receives after the time foreseen for payment order receipt, will be processed the following day in the manner described.
For international payment transactions, the bank calculates and charges a fee in accordance with the valid Tariff of the bank’s fees for payment transactions.
The bank’s client can perform an international payment transaction by using foreign currency funds in the currency of the said FX account. In case the payment is made in a currency differing from the currency in the FX account, the bank will convert the necessary amount using the purchasing and the sales exchange rate for foreign currency. The client can also buy the needed foreign currency funds from the bank in order to perform international payments.
In case the beneficiary did not receive the funds in accordance to the process described, or if the client has a complaint regarding another aspect of the transaction performed, the bank can inspect the case and inform the client as regards the causes and steps taken in order to resolve the complaint.
Collection from abroad
Raiffeisen banka informs the client regarding all incoming payments from abroad on the same work day when the payment is received until 4 o’clock PM. Statements on incoming payments from abroad can be delivered by:
Important information – payments to the United Arab Emirates!
In accordance with the information received from the Central Bank of the UAE, every international payment order to a beneficiary from the UAE needs to contain a POP code, which needs to be stated in the “Payment details”.