Invest Bank Montenegro offers to its clients several types of transaction accounts.
  • To open any transaction account it is sufficient for a client to submit an identification document - ID card or passport. In accordance to anti-money laundering legislation it is obligatory for a client to fill the PEP form.
  • After opening an transaction account the account owner can authorize two persons at most, to access assets from the account
  • For transaction accounts to conduct national and international transactions, maintenance fee amount is 0,50 EUR, and it is calculated only in a case of a monthly turnover more than 10,00 EUR,
  • Maintenance fee for the transaction account for personal income is not charged.
  • Closing an transaction account is not charged.
  • • The IBM allows access to the transaction accounts to its owners trough following instruments:
    • Payment orders
    • Payoff orders
    • Transfer orders
    • Permanent order

Transaction account for personal income:
Opening transaction account for personal income is available to any private individual (resident or nonresident) with regular incomes in Montenegro.
Transaction account for personal income can be open individually or collectively:
Individually: based on personal request of a private individual.
Collectively: based on signed contract between the IBM and a legal entity on payoffs of its workers’ remunerations.
The clients who have active transaction account for personal income within the IBM acquire more eligible loan conditions.

Transaction account to conduct national transactions:
Opening transaction account to conduct national transactions is available to any private individual (resident or nonresident) with occasional incomes in Montenegro. (fees, honorary incomes, contractual payments and similar).
Transaction account to conduct international transactions:
Transaction account to conduct international transactions is available for deposits, payoffs, payments and transfers of assets in accordance to legislation.
Foreign currency investments within the IBM are:
  • Deposits a vista
  • Short term time deposit (time limits up to a year)
  • Long term time deposit (time limits longer than a year)

IBM offers a MICRO CASH LOANS AND LOANS FOR PENSIONERS intended to general population.

Micro Cash Loan
  • Amount: up to 15,000.00 EUR
  • Repayment period: up to 60 months.
  • Interest rates: 11 -14%
  • Loan processing commission: 1-2%
  • Collateral: bill of exchange, guarantors, mortgage, contract of assurance
  • Withdrawal: the client's transaction account at Invest Bank of Montenegro
  • Repayment: monthly
Loans for Pensioners
  • Amount: do 15.000,00 EUR
  • Repayment period: 6-60 months
  • Interest rates: 10 -11%
  • Loan processing commission: 1%
  • Collateral: bill of exchange, guarantors, mortgage, contract of assurance
  • Withdrawal: the client's transaction account at Invest Bank of Montenegro
  • Repayment: monthly

Required documentation:
  • Completed loan application
  • Confirmation on the salary amount of the applicant, Confirmation on full time employment,
  • Confirmation on monthly amount of debt on the salary (if any). All issued by the client's company
  • Original and copy of valid ID
  • Administrative withholding order for applicant salary
  • Personal bill of exchange
  • Consent to verify the creditworthiness of the client in the Central Bank register.
  • For guarantors: guarantor's statement on accepting the debt, data verification (by the company), the decision on administrative ban (by the company), Consent to verify the creditworthiness of the guarantor in the Central Bank register
For loan amounts over 3,000.00 EUR:
  • In addition to the above documentation, you need a creditworthy guarantor.
For loan amounts from 10.001,00 EUR 15,000.00 EUR:
  • In addition to these, you need three creditworthy guarantor or mortgage
Interest and commissions:
  • Interest rate - 11%
  • Loan processing commission - 1%
  • Commission to verify the creditworthiness in the Central Bank register. k - 3,00 EUR per person.
  • Personal bill of exchange - 2.00 EUR
  • Creditworthiness - up to 30% of monthly income

Example: For a loan in the amount of 5.000 EUR and a repayment period of 48 months, with processing commissions of 1%, the nominal interest rate (NIR) in the amount of 11%, effective interest rate (EIR) in the amount of 11.63% of total amount that the client should return the 6,142.56 EUR , a monthly annuity is 127.97 EUR.

Required documentation:
  • Completed loan application
  • Confirmation on the salary amount of the applicant, Confirmation on full time employment,
  • Confirmation on monthly amount of debt on the salary (if any). All issued by the client's company
  • Original and copy of valid ID
  • Administrative withholding order for applicant salary
  • Personal bill of exchange
  • Consent to verify the creditworthiness of the client in the Central Bank register.
  • For guarantors: guarantor’s statement on accepting the debt, data verification (by the company), the decision on administrative ban (by the company), Consent to verify the creditworthiness of the guarantor in the Central Bank register.
For loan amounts over the 1,000.00 EUR:
  • In addition to the above documentation, you need a creditworthy guarantor.
For loan amounts 10.001,00 EUR - 15,000.00 EUR:
  • In addition to this documentation we require a mortgage or fiduciary, 1 creditworthy guarantor, personal bills of exchange.
  • Commission - 2% only once, in advance of the loan amount
  • Interest rate - 14% per annum
  • Commission to verify the creditworthiness in the Central Bank register. k - 3,00 EUR per person
  • Personal bill of exchange - 2.00 EUR
  • Creditworthiness - up to 30% of monthly income

Example: For a loan in the amount of 5.000 EUR and a repayment period of 48 months, with processing commissions of 2%, the nominal interest rate (NIR) in the amount of 14%, effective interest rate (EIR) in the amount of 15.27% of total amount that the client should return the 6,459.44 EUR, a monthly annuity is 134.57 EUR.

For pensioners up to 75 years of age under the 3.000 € no guarantor needed
REQUIREMENTS:
  • Loans are granted to the citizens of Montenegro, users of RF PIO
  • The applicant is not required to receive a pension over account in Invest Bank Montenegro AD Podgorica
INTEREST :
  • Nominal interest rates on an annual basis: 11% of non-clients, and 10% of the Bank's clients
For pensioners over 75 years of age:
  • For loans up to 1000 EUR without guarantors, with a repayment period of 15 months
  • For loans from 1.001 EUR to 3.000 EUR - 1 creditworthy guarantor
  • For loans from 3,001 EUR to 5.000 EUR - 2 creditworthy guarantors
  • For loans from 5.001 EUR to 8.000 EUR - 3 creditworthy guarantors
Cash Loans with life Insurance (for pensioners under the 75 years of age) :
  • Amount: up to 15,000.00 EUR
  • Repayment period from 6 to 60 months.
  • Up to 8,000.00 EUR no guarantors needed
  • Interest rate: 10%
  • Processing commission: 1%
REQUIREMENTS:
  • Loans are granted to the citizens of Montenegro, users RF PIO
  • The applicant must receive a pension at Invest Bank Montenegro AD Podgorica
  • Life insurance of applicant

Required documentation:
  • Completed loan application
  • Confirmation of the pension amount of the applicant, Confirmation on monthly amount of debt on the pension (if any) - issued by the Pension Fund
  • Original and copy of valid ID
  • Administrative withholding order for applicant pension
  • Personal bill of exchange
  • Consent to verify the creditworthiness in the Central Bank register
  • Insurance policy (for loans where the collateral insurance policy)
  • For guarantors: Statement guarantor, data verification (by the company), the decision on administrative ban (by the company), Consent to verify the creditworthiness of the guarantor in the Central Bank register.

Example for clients: For a loan in the amount of 5.000 EUR and a repayment period of 48 months, with processing commissions of 1%, the nominal interest rate (NIR) in the amount of 10%, effective interest rate (EIR) in the amount of 10.62% of total amount that the client should return the 6.037,44 EUR, a monthly annuity amounts to 125,78 EUR.

An example of non-clients of the bank: For credit in the amount of 5.000 EUR and a repayment period of 48 months, with processing commissions of 1%, the nominal interest rate (NIR) in the amount of 11%, effective interest rate (EIR) in the amount of 11.63% of total amount that the client should return the 6.142,56 EUR, a monthly annuity amounts to 127,97 EUR.
Start saving today, because IBM guarantees safe and simple savings, and pays favorable interest rates. Savings can be a vista or deposits, with or without cancellation notice, with or without special purpose. Interest rates presented are annual interest rates. Minimum deposit amount is 10,00 EUR.
For amounts above 15,000.00 EUR appropriate documentation must be provided.

Savings in EUR
PeriodAnnual Interest Rate
a vista 0%
3 months 1.50%
6 months 2.50%
12 months 3.50%
24 months 4.00%
36 months 4.50%
> 60 months 5.00%
Savings in other currencies (US$, £, CHF)
PeriodAnnual Interest Rate
a vista 0.15%
3 months 0.25%
6 months 0.50%
12 months1.00%
24 months1.10%
36 months1.20%
In extraordinary cases, early settlement is possible even before expiry of the contract period, but the interest would be calculated using a vista interest rate.
A vista savings provides a possibility of raising funds in any moment, as they are not limited in time.

Payment to a vista savings can be made in:
  • Cash
  • Remittance form regular or irregular income
  • Transfer of funds from different transaction accounts.
The Bank ensures automatic renewal of saving period. This means that the bank would extend savings as previously instructed, unless the owner instructs differently.
The Bank, according to the regulations, buys and sells money, travelers and banks cheques from local and foreign private individuals
Conversion operation Fee
Conversion of EUR to another currency 1.00%
Conversion US$, CHF and GBP into EUR 1.50%
Conversion of other currencies into EUR 1.50%
E-Banking is a financial service of Invest Banka Montenegro, which enables a user or an owner of an transaction account managing the assets any time and from any place in the world. The only disposable tool one should have is a PC and the Internet access. 
 
  By e-banking it is understood provision of following services:
  • Payment of all kinds of transaction accounts, denominated in Euros in area of Montenegro,
  • Payment to the abroad (according to the prescribed documentation),
  • Payment of obligations related to loans,
  • Review of state and turnover of the transaction accounts, review of deposits and loans, 
  • Reporting by phone, fax machine, GSM phone, and e-mail.
In order to use e-banking services of the Invest Banka Montenegro, it is necessary to:
  • Have and opened transaction account with Invest Banka Montenegro,
  • Sign a contract on usage of e-banking services,
  • Undertake an identification code, a card and card reader in Invest Banka Montenegro premises, 
  • Have an internet access from your PC.
An individual, subscribed by username and password, besides review of state and turnover of the transaction accounts, could require national payments by predefined payment orders only. Usage of token tool enables all payments, both national and international, currency exchange, transferring money, etc. Usage of token tool is 5.00€ for individuals, and monthly maintenance fee is free.  
 
  Please require additional information on Invest Banka Montenegro e-banking services, by writing to e-banking@invest-banka.com or calling our technical support on +382 (0) 20 40 79 22



DOCUMENTS:

Installation of e-banking for individuals
Application - an application for the use of e-banking for domestic and foreign individuals.
Tariffs and charges for services e-banking for domestic and foreign individuals

Invest Banka Montenegro offers to it's retail clients national and international payment operations including:

  • Opening and maintenance of all types of transaction accounts
  • Executing all types of payment transaction orders
  • For the bank's clients, internal transaction can be performed on Saturdays
  • Cash payments (inflows and outflows)
  • Providing information on transaction account balance and account transactions with guaranteed discretion and confidentiality
  • Providing reports on account transactions as convenient to the client (in person, by fax, mail, e-mail)
  • Cashing cheques
  • Currency exchange operations
  • Issuing confirmations at client's requests
  • Calculation and payment of interest on your transaction account for personal income
  • Expertise and kindness of our employees
GENERAL TERMS AND CONDITIONS
Request for opening transaction account for domestic and foreign private individuals
Tariffs and fees for international settlement for domestic and foreign private individuals
Tariffs and fees for in country settlement services for domestic and foreign private individuals

The value of one euro denominated in other currencies:

AUD - Australian dollar1.4532
CAD - Canadian dollar1.4540
HRK - Hrvatska kuna7.4143
DKK - Danish krone7.4369
HKD - Hong Kong dollar9.0059
JPY - Japanese yen129.0300
NOK - Norwegian krone9.3018
SEK - Swedish krona9.5598
CHF - Swiss franc1.0994
GBP - British pound0.8849
USD - United States dollar1.1533
RSD - Serbian dinar120.6585
In any field enter a value for the conversion:

EUR - Euro
AUD - Australian dollar
CAD - Canadian dollar
HRK - Hrvatska kuna
DKK - Danish krone
HKD - Hong Kong dollar
JPY - Japanese yen
NOK - Norwegian krone
SEK - Swedish krona
CHF - Swiss franc
GBP - British pound
USD - United States dollar
RSD - Serbian dinar
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