Domestic currency account for MSE

In OTP banka you can set up an account for regular transactions of a legal entity. In addition to this account, separate accounts can be set up for different organisational segments of the entity, as well as earmarked accounts.
It is also worth noting that setting up such an account in OTP banka means easier access to loans, guarantees, L/Cs, and to a wide range of our products designed to meet your needs.

You can earn the following interest rate on your demand deposits: 0.01%.

Documents required for account opening:

  • filled in Application for Account Opening
  • filled in Agreement on types of accounts, conditions of opening, managing and closing accounts, and payments
  • certificate of incorporation, or the register of the competent body if such registration is mandatory
  • reference to the law based on which the customer is incorporated
  • notice of the Croatian Bureau of Statistics on the classification per activities
  • registration of the signature and the stamp
  • power of attorney (if the application is submitted by a proxy)

Setting up an account for a separate organisational segment is conditional upon having a regular transaction account with OTP banka, and - in addition to the above detailed documents - delivery of the resolution on registration of the relevant organisational segment into the court (or other body's) register, if required, reference to the regulation stipulating that such segment can hold a separate account, and a decision to that end, adopted by the authorised body of the entity.

The transaction account overdraft

Best way to reconcile income and expenses crediting/debiting your transaction account.
The overdraft amount depends on the creditworthiness of the legal entity.

The term of the overdraft can range from 1 to 12 months.
You do not have to utilise the entire authorised overdraft, but only the amount you need.

Interest is paid only on the utilised amount of the authorised overdraft, and not on the total authorised amount.
Repayment of such overdraft is made from current operations, and no later than the agreed maturity date.