NLB Banka Montenegro review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
NLB Banka Montenegro suits savers in Montenegro who want easy access and a branch relationship rather than a strong rate, and borrowers funding home work at 6.85% to 7.84%. The savings account pays 0.01%, near the bottom of the savings ranking, so the value is in access and the wider lending range.
Key facts
- Best for
- Montenegro savers and borrowers who bank in person and want access, not rate.
- Headline rate
- 0.01%↗
- Rate type
- Variable↗
- Term
- up to 120 months↗
- 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↗
- Legal entity
- NLB Banka a.d. Podgorica↗
- Headquarters
- Montenegro↗
- Founded
- 2003↗
- Support channels
- Phone, Email, Chat, Help-centre↗
- Pricing model
- Fixed rate
- Official website
- nlb.me
Loans
- APR
- 6.85% to 7.84%↗
- Loan amount
- up to €40,000↗
- Arrangement fee
- 26.9 EUR one-off loan processing fee↗
- Credit check
- Hard↗
- Representative example
- 40,000 EUR over 96 months, NKS 7.49%, EKS 7.84%, 556.29 EUR monthly, total repayment 53,436.74 EUR↗
- Lender type
- Direct lender↗
- Loan types
- Personal↗
- Use cases
- Home-improvement↗
- Features
- Multi-currency, Travel
Apps and profiles
- Get the app
- Google Play
Pros and cons
Pros
- No minimum deposit at €0 and a easy access account, so cash can sit and be drawn on demand
- The same bank lends at 6.85% to 7.84% for personal needs and 4.49% on a 30 year purchase mortgage
- Multi-currency and travel features on the debit card, which runs on the visa network
- Support covers phone, email and chat, so help runs by phone, email, chat and a help centre
Cons
- The 0.01% savings rate sits far below the savings ranking median of 3.06%
- Online sign-up is not among the stated access terms: the contract is concluded in branch with valid ID
- Personal loans carry 26.9 EUR one-off loan processing fee on top of 6.85% to 7.84%
Who it suits
- Montenegrin households keeping everyday cash in a branch account and drawing on it as needed
- Homeowners funding a purchase with a long 30 year repayment period
- Borrowers covering home improvement who already hold a relationship with the bank
Who should look elsewhere
- Anyone chasing a top savings rate, where Wise pays 3.29% and bunq pays 3.01%
- Savers who want to open and manage everything online, since the contract is done in branch
- Consumers wanting a wide savings choice, given Finteres spans 0% to 36%
How NLB Banka Montenegro compares
9.2 vs 8.0
9.2 vs 9.4
9.2 vs 9.4
9.2 vs 8.5
9.2 vs 9.4
9.2 vs 8.7
9.2 vs 8.9
9.2 vs 9.2
9.2 vs 8.7
9.2 vs 9.3
9.2 vs 9.0
9.2 vs 9.0
9.2 vs 9.0- 9.2 vs 8.0
9.2 vs 9.0
9.2 vs 8.6
9.2 vs 8.3
9.2 vs 9.5
9.2 vs 9.4
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9.2 vs 9.3
9.2 vs 9.3
9.2 vs 9.3
9.2 vs 9.3
9.2 vs 9.3
9.2 vs 9.2
9.2 vs 9.2
9.2 vs 9.2
9.2 vs 9.0
9.2 vs 9.0
9.2 vs 9.0
9.2 vs 9.0
9.2 vs 9.0
9.2 vs 8.9
9.2 vs 8.9
9.2 vs 8.9- 9.2 vs 8.9
9.2 vs 8.9
9.2 vs 8.8
9.2 vs 8.7
9.2 vs 8.5
9.2 vs 8.5
9.2 vs 8.5
9.2 vs 8.5
9.2 vs 8.5
9.2 vs 8.4- 9.2 vs 8.0
9.2 vs 9.0
Where NLB Banka Montenegro is available
- Available
- Montenegro
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What interest does the NLB easy-access account pay?+
The account pays 0.01% and it is a variable rate, so it can move with the bank. That sits well below the savings ranking median of 3.06%. Interest is credited at year end or when the account is settled.
Is there a minimum deposit to open the account?+
No. The minimum deposit is €0, so an account can be funded at any amount. The account is an easy-access one, which means money stays available on demand with no term attached.
Can I open the account without visiting a branch?+
The contract is concluded in branch with valid ID, so opening is a face-to-face step rather than an online sign-up. Once the account exists, the listed support channels of phone, email and chat cover day to day questions.
What does borrowing cost?+
The personal loan runs at an APR of 6.85% to 7.84% on amounts of up to €40,000, and the bank charges 26.9 EUR one-off loan processing fee for processing. A hard credit check applies, terms run to up to 120, and the loan targets home improvement.
Does the bank offer mortgages?+
Yes, for home purchases. The initial rate is 4.49% and the APRC is 5.23%, with a fixed period of 30 years. A product fee of €0 applies.
Is my money protected by a deposit scheme?+
The stated access terms cover availability, branch signing and when interest is credited, and a deposit protection scheme is not among them. Check the current terms with the bank before holding a large balance there.
Which cards does the bank issue?+
The card listed is a debit card on the visa network, with multi-currency and travel features. A currency conversion fee is not among the stated card facts, so the cost of spending abroad is not given here.
How is the account ranked against other savings?+
On headline rate the brand ranks 461 out of 488, and on minimum deposit it ranks 1 out of 379. The overall score is 4.6, with cost at 7.7 and offer at 0.2.
Sources
- en.wikipedia.org/wiki/NLB_Banka_Podgorica checked September 26, 2026
Backs: Founded
“NLB won the privatization process for Montenegrobanka in June 2003”
- nlb.me checked September 26, 2026
Backs: Card type, Features, Card network
“Visa and Mastercard debit cards”
- nlb.me/o-nama checked September 26, 2026
Backs: Headquarters, Legal entity
“Registered office: Bulevar Ivana Crnojevica br. 171, 81000 Podgorica; 21 branches across Montenegro”
- nlb.me/stanovnistvo/krediti/gotovinski-krediti/nlb-gotovi... checked September 26, 2026
Backs: Loan amount, APR, Credit check, Lender type, Loan types, Pricing model, Arrangement fee, Representative example, Term, Use cases
“Iznos kredita do 40.000 EUR (loan amount up to 40,000 EUR)”
- nlb.me/stanovnistvo/krediti/nlb-stambeni-kredit checked September 26, 2026
Backs: APRC, Fixed period, Initial rate, Product fee, Purpose
“NLB Stambeni kredit, same representative example: effective interest rate (EKS) 5,23%”
- nlb.me/stanovnistvo/online-usluge/nlb-klik checked September 26, 2026
Backs: Support channels
“Contact centre 19888, info@nlb.me, video call; communicate with the bank directly through the app in real time; frequently asked questions section”
- nlb.me/stanovnistvo/stednja/a-vista checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Minimum deposit, Rate type
“Funds always available - deposit or withdraw whenever you wish; the contract is concluded in person at a branch, with a valid personal document”
Compiled from 7 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Deposit protection.
NLB Banka Montenegro
Montenegro savers and borrowers who bank in person and want access, not rate.