Slovakia
Banking in Slovakia
Slovakia Business Experts
Recent forum posts
-
Is hiring a content writing agency worth the money for a small business?
Honestly, yes — if you choose the right agency. A good content writing agency helps small businesses look professional, rank better in search engines, and attract the right audience.If you’re not great at writing or you’re too busy running the business, outsourcing your content saves time and stress. Just make sure you’re clear
Total Posts: 1 Last post by samantharoto92
-
Company setup in Dubai
Right start is essential for a Perfect Business”UAE provides a reputable and international Platform for all kind of businesses. Setting up in the UAE is an excellent choice because of the regulatory regime and the geographical time belt.Dubai has created a business environment that is well regulated without being unduly restrictive and offers operating conditions that are amongst the most
Total Posts: 8 Last post by oliverjhon
Banking in Slovakia
The Slovak financial sector has been growing rapidly following the bank restructuring and privatization program of the early 2000s. Commercial banks are by far the dominant financial institutions, though non-bank financial institutions have grown faster than the banks in recent years, and the securities markets remain small.
National Bank of Slovakia is the central Bank of Slovakia, which is member of European Union and European system of Central Banks. Slovenska sporitelna, with 2.3 million clients, is the biggest commercial bank in the Slovak Republic and it is a member of the strong central European finance group Erste Bank.
There are many banks offering services such as current accounts and sub-accounts, domestic and foreign payments, electronic banking, debit and credit cards, cheques and even insurance. The main commercial banks are:
- Slovensk Sporitel'a, member of Erste Bank
- Vseobecn verov Banka (VB)
- Tatra Banka, member of Raiffeisen Zentralbank
It's better to open a bank account in person than by correspondence from abroad. Before choosing a bank, you should compare the fees charged for international money transfers and other services. You must be over 18 years old and provide proof of identity, e.g. a passport, your local address and papers to show the funds you have imported and the method used. Fees can vary depending on whether your current account will be in Slovak Koruna (Sk) or in foreign currency. Additionally, the fee for opening the account could be zero but the bank could set a minimum account balance of up to 500 Sk (15 Euros). If you have a current account in SKK, a debit card is usually issued within a service package.
Organisations that can assist with Banking
-
> Need to open a bank account in this country?
Business Banking advice Advice on which type of bank account would best suit your business. Help making payments – and getting paid.
