Services

Recieve money
from abroad

You can receive funds from abroad to a foreign currency current account in euros or other foreign currencies in just a few steps:

Send instructions for foreign currency payments to the money sender

When you receive the payment notification, if necessary, attach the requested document

Withdraw money in euros at our ATMs

What is required to receive money from abroad?

  • 1

    You need to have an open payment account in our Bank, but the sender does not have to.

  • 2

    The sender should receive an Instruction for foreign currency payments.

  • 3

    It is necessary to attach additional documentation through the application in the case of:
    · when it is not possible to determine the basis of payment from the inflow data
    · when documentation is necessary due to regulations

Payment instruction

  • When opening a payment account, all Yettel Bank users received an Instruction for foreign currency payments as part of the documentation. The instruction lists the correspondents of our Bank abroad for different payment currencies as well as the IBAN of the beneficiary of the inflow.

  • If the instruction is not available to the user, you can download the universal instruction at the end of this page. It is necessary to enter the name, surname, address and IBAN (International Bank Number), which is created by writing RS 35 in front of the account number.

How to receive money?

You need to send instruction to the person who is sending the money with all the information of the receiver (first name, surname, address, bank account number in IBAN format – RS35115________________ ). Also, in the field “payment datails“ it would be better to write the purpose of sending the money (to help a family member, personal transfer, etc.) because that will make elucidation of the payment easier in cases when additional documentation is not necessary.
Examples of the sender/receiver payments from abroad are listed in the chart that is following and depending on that, documentation that is necessary to enclose to make the transaction.

RECEIVING FUNDS INTO A FOREIGN CURRENCY ACCOUNT FROM ABROAD

 

*Funds are credited only from electronic money institutions operating in compliance with the Law.

**You can have one or more transactions per month, up to a total amount of 10,000 EUR.

***If the payer is a foreign insurance company (e.g., Expata), the client must provide documentation (proof) demonstrating the basis for their foreign insurance (dual citizenship, residence or student visa, or employment contract) or proof that it is a type of insurance not covered by insurance companies in Serbia.

***Justification of RSD inflows for non-residents from abroad is the same as for inflows in EUR or any other currency. An invoice or contract must be provided if the payer is a legal entity. The same applies if the payer is an individual, but only for amounts exceeding the equivalent of EUR 10,000 in RSD.

RECEIVING FUNDS INTO A FOREIGN EXCHANGE ACCOUNT DOMESTICALLY

*****Bank reserves the right to request additional documentation if necessary

Useful information

We accept money from abroad exclusively in 2 foreign currencies (EUR, USD), from any part of the world; there is no limit in countries, but only a limit in the type of currency. Yettel Bank charges a fee for foreign currency inflows to the recipient from abroad in the amount of 0.5% or a minimum of 300 dinars, and a maximum of 10,000.00 dinars (the service of receiving funds from abroad to a foreign currency current account in euros or other foreign currencies), except for collections on the basis of humanitarian aid.

If the inflow of funds originates from Kosovo, it is necessary for the user to submit payment information. After submitting the data, the funds are transferred to the NBS, according to the Law on the Temporary Performance of Certain Payment Operations in the Territory of the FRY.

On the same or the next working day, NBS, depending on the moment of delivery of data on collection from Kosovo, makes a payment of the dinar equivalent to our Bank, at the NBS buying rate on the day of realization of the transaction. Upon receipt of dinar funds from the NBS, they are approved in favor of the user’s account.

Download Statement for inflow of money from abroad (PDF) Download the INSTRUCTION for foreign currency payments (valid from 1/10/2021) (PDF)