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NLB Banka Montenegro review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

NLB Banka Montenegro suits teens and students in Montenegro who want plain branch banking and a savings account in the same place. The NLB Klasik package costs €2.99 a month, currency conversion costs 0%, and the easy-access savings account pays 0.01% with funds available on demand.

Key facts

Best for
Teens and students in Montenegro who want branch-opened banking with on-demand savings.
Monthly fee
€2.99↗
Currency conversion fee
0%↗
Local account details
IBAN↗
Free ATM withdrawals
€0↗
Transfer fee
Lower fees than at the counter for domestic and international payments (SEPA and SWIFT) via NLB Klik↗
Legal entity
NLB Banka a.d. Podgorica↗
Headquarters
Montenegro↗
Support channels
Email, Phone↗
Audience
Students, Teens
Pricing model
Low FX fees
Features
Free ATM withdrawals
Official website
nlb.me

Savings

Headline rate
0.01%↗
Rate type
Variable↗
Minimum deposit
€0↗
Access terms
Funds always available on demand, no term; contract concluded in branch with valid ID; interest credited at year end or on account settlement↗
Account kind
Easy access↗

Money transfer

Payout methods
Bank, Card↗

Facts checked September 26, 2026, 6 sources

Apps and profiles

Get the app
Google Play
Elsewhere
WikidataWikipediaLinkedInX

Pros and cons

Pros

  • Currency conversion costs 0%, and the bank ranks 1 of 312 on that measure.
  • The savings account takes a minimum deposit of €0 and pays interest with funds available on demand.
  • NLB Klik charges less than the counter for domestic and international transfers, including SEPA and SWIFT payments.

Cons

  • The NLB Klasik package charges €2.99 a month, ranking 431 of 500 on that measure.
  • Support runs on email and phone only, so there is no live chat for quick questions.
  • Access terms require a branch visit with valid ID, so the account cannot be opened online.
NLB Banka Montenegro

Ready to try NLB Banka Montenegro?

Scored 8.9 / 10 by VaultCue.

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Who it suits

  • Students and teens, who are the audiences the bank lists for its retail packages.
  • Montenegro residents who want an easy-access savings account alongside an everyday account.
  • Anyone paying and receiving locally by IBAN, which covers most everyday transfers in Montenegro.

Who should look elsewhere

  • Anyone who wants a free monthly account: bunq charges €0 a month.
  • Anyone who wants a free monthly account from bunq Spain Bank Account, which charges €0 a month.

Rates and card terms

The savings rate is variable and currently 0.01%. Variable means the bank can set the rate within its own terms, so the figure shown can move over the life of the account. It is a small return, and it suits keeping money that is still needed rather than a pot you leave untouched for a set period.

How it compares on our data

On currency conversion the bank sits at 1 of 312 brands, the strong side of the profile. On monthly fee it sits at 431 of 500, and that small charge is what pulls the overall picture down. Free conversion buys a little back each month, so the ranking depends on how often money changes currency.

How NLB Banka Montenegro compares

Where NLB Banka Montenegro is available

Available
Montenegro

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does the NLB Klasik package cost each month?+

The NLB Klasik package carries a monthly fee of €2.99, and free ATM withdrawals come with it. Across the accounts compared here, the bank sits at 431 of 500 on monthly cost, so it is a paid account rather than a free one.

What does it cost to change currency?+

Currency conversion costs 0% at the bank's published exchange rates, which makes it the most useful number on this profile. The bank ranks 1 of 312 brands on that measure, so earning or spending in another currency costs nothing extra.

What interest does the savings account pay?+

The savings account pays 0.01% on a variable rate, so the bank can revise that figure within its terms. Funds are always available on demand with no term, which suits money that stays needed rather than locked away.

Is there a minimum deposit to open the savings account?+

The minimum deposit is €0, so the savings account can be started small and topped up later. There is no term to serve, and interest is credited at year end or when the account is settled.

Can I open the account without visiting a branch?+

Access terms require the contract to be concluded in a branch with valid ID, so the account is not opened online. Local payment details are IBAN based, and the branch visit is the part to plan for, while payments afterwards can run through NLB Klik.

Who is this account built for?+

The bank lists students and teens among its retail audiences, so the package and the easy access savings account are pitched at younger customers. An easy-access account with funds on demand suits a starter savings pot rather than a fixed-term deposit.

How do I reach support?+

Support runs on email and phone, so questions go by email or phone rather than live chat. For a bank with a branch network in Montenegro, phone support suits customers who would rather talk to someone than type.

What do international transfers cost?+

Payments through NLB Klik cost less for domestic and international transfers, including SEPA and SWIFT, than the same payment at the counter. With conversion at 0% and payouts to a bank account or a card, moving money in and out stays cheap.

Sources

Compiled from 7 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Licence type, Deposit protection, Currencies.

Related by the facts

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