The following data are required for remittance of foreign currency assets:

  1. Name of the person or company – payment user
  2. Address
  3. Account or IBAN number 
  4. Name of the Bank where the user has an account
  5. Bank or branch address
  6. Branch office number, i.e. Sort Cod, ABA number or BLZ (if possible)
  7. SWIFT Code of the Bank  (the use of SWIFT is mandatory)

An individual, national of the Republic of Macedonia – resident can transfer funds in a foreign country to another individual – national of a foreign country – nonresident to a maximum amount of EUR 2,500 monthly

An individual, national of the Republic of Macedonia – resident can transfer funds in a foreign country to a legal entity with office in a foreign country – nonresident, an unlimited amount for which he/she must submit to the Bank a valid document as a basis of payment: invoice, pro-forma invoice, agreement or other.

Transfers to domestic individuals in a foreign country – residents, relating to family living expenses (stay abroad for educational purposes, medical treatments and other costs) as well as personal transfers of funds in counter value up to EUR 2,500 monthly, even without presenting adequate documents, information is sufficient. For transfer over EUR 2,500, it is mandatory to submit a document basis of payment.


For transfer from an individual – resident on own account in a foreign country, the provisions of the Decision on the manner and conditions under which residents that are not authorized banks may open and possess accounts in a foreign country, and it’s amendments shall apply.

The Bank is obliged to realize the payment order 1450 on the date of the currency and not later than the third day of acceptance of order, unless otherwise agreed with the ordering party.


Foreign individuals – nonresidents may receive unlimited amount of transferred funds abroad and withdraw unlimited foreign currency funds.