It's unwise for you to go to Croatia without setting up a local bank account. As long as you plan to stay in the country for a period of time, opening an account here will be more useful to you than you might realize. There's no denying that online baking is the frontier in the finance world, but as the saying goes, 'it's better to be safe than sorry!
' So no matter how much you want to rely on various digital platforms, there's no denying that an actual, old-fashioned bank account will still keep your money safer than anything else.
Are You Allowed To Open A Bank Account in Croatia
First things first, you have to determine whether you're even allowed to set up your own bank account in Croatia. The answer is yes, you are! You don't need to be a resident or even to work here
to open your own bank account here. In fact, there are even a few financial institutions in the country that specifically cater to non-residents. Various banks offer non-resident accounts to foreigners who want to bank here, both with English or German-speaking options. Just know that transferring money internationally will cost you a few fees!
Opening A Bank Account Online
Truth be told, it'd make your life a whole lot easier if you already had an active bank account the moment you get to Croatia. At least, right then and there, you can already store your local currency in your account. Actually, contrary to what you might think, that's not entirely impossible! Many Croatian banks allow clients to set up their accounts online. The process varies from bank to bank but the important thing is to keep your required documents handy at all times. Also, some may choose to speak to you through international calls or online live chats.
The Requirements You Need To Show
Speaking of required documents, what do you need to show Croatian banks in order to set up your accounts with them? They include your proof of identification (a valid passport is fine), a residency permit (if applicable), and a prepared deposit that's either in Croatian Kuna or Euros. Do note that, for the latter, the amount needed varies from bank to bank. Also, if you're not a resident of Croatia but you still plan to set up an account here, since you won't have a resident permit, you'll need to get an OIB (personal identification number) instead. You can get that from the country's Ministry of Finance.
Using ATMs in Croatia
Now, when using ATM machines in Croatia, know that there are certain rules in place. Generally, you can only withdraw up to 2,000.00 kn per day. However, there are some banks that allow you to withdraw up to 3,000.00 kn per day. Only The Hrvatska Posta office
will allow you to withdraw a maximum of 6,000.00 kn per day. Moreover, if you transact with an ATM machine of a different bank, expect to get charged with some nominal fees. The amount of the fee that will be automatically deducted from your account varies from bank to bank.
Croatian Banks To Choose
So, which banks in Croatia should you choose to do business with? Zagrebacka Banka
, the largest retail bank in the country, is a good option of its sheer size. No matter where you settle down in the country, there's a good chance that there will be a branch or even just an ATM machine nearby. Not to mention the bank also has a strong online platform that also operates in English. Primorska Banka
, on the other hand, is known as the best bank to apply online. All you need to do is to download their app, follow the instructions, and you're good to go!
Here in Croatia, it's easy to set up your own local bank account regardless if you're a resident or not. With stable online platforms, easy application processes, and international banking options, there's no reason for you not to do it here!
Saving and storing your money in a Croatian bank account will help you manage your finances here. Including, of course, maintaining your rent in a luxury home
in the country!