BANK CHARGES IN MONTENEGRO

kumbor Contributor

106POSTS

9 years ago

I would just like to flag the issue of using a bank card from a Montenegrin bank in another聽 Montenegrin banks ATM and the charge involved.I have used a card 3 times to withdraw cash recently from an ATM and the fees associated with the withdrawals of 1,500 euro were 37.50 euro this works out at 2.5% . Please make sure that if you are using your bank card any charges involved if not using it on a machine from your own bank.

The Montenegro expat guide

Comprehensive and free

Read it now

kumbor Contributor

106POSTS

9 years ago

Yes erste bank is the bank 12.50 Euro charge for withdrawal of 500 euros from NLB ATM .

kumbor Contributor

106POSTS

9 years ago

Erste bank will give you a full list of their charges on line

Monte-tina Contributor

100POSTS

9 years ago

A friend withdrew money from a CKB ATM with his NLB card and they took 6e for a 100e withdraw! Disgrace!

ANyway...if you have an NLB card, withdrawal from their ATM is free, counter charges are about 0.30c on a minimum or so..

kumbor Contributor

106POSTS

9 years ago

It seems that the best practice is to just use your card in the ATM of your own bank,or else withdraw the money over the counter.

Monte-tina Contributor

100POSTS

9 years ago

ATM withdrawals from your bank's ATM, that's the best bet.
I wonder about over the counter withdrawals in other banks. I am sure they charge a lot for that as well.