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Banks incorporated in Slovakia are licensed by the European Central Bank, which supervises the three largest, Slovenská sporiteľňa, Tatra banka and VÚB, directly; Národná banka Slovenska supervises the smaller ones. Fio banka, J&T Banka, mBank and UniCredit work as branches of Czech or Polish banks. Accounts are in euro, inside SEPA, with 24-character IBANs beginning SK. From the banks’ own pages in October 2026:
| Bank | What its pages say | Route for a director abroad |
|---|---|---|
| Slovenská sporiteľňa (Erste Group) | Business account online through George or at a branch; the transaction tax is deducted after each payment | Not published |
| ČSOB (KBC Group) | Business account online once you are a ČSOB client, or at a branch; 365.bank, Poštová banka included, merges into ČSOB on 1 November 2026 | Not published |
| Fio banka, Slovak branch | Accounts in 14 currencies; register extract under six months old; proof of ownership where the register lacks it; two identity documents for individuals from outside the EU | In person at a branch |
The AML Act (No. 297/2008 Z. z., section 8) accepts identity checks face to face or by technical means of comparable reliability, so a video route is lawful; offering it is bank policy, and of the banks above only Fio banka answers clearly: a branch. Since 1 June 2026 the Act also bars banks from relying on the register of legal entities alone to verify the beneficial owner, or UBO (section 10), so expect to document the ownership chain even though the konečný užívateľ výhod is in the commercial register.
Members can live anywhere, but the director cannot always. Under the Commercial Register Act No. 29/2026 Z. z., in force since 17 August 2026, the registry court, or a notary now acting as registrar, checks that a foreign konateľ holds a Slovak residence permit unless he or she is a citizen of an EU or OECD member state (section 51). A founder from the UAE, Singapore or Hong Kong cannot be konateľ without one. The same reform requires the articles to be a notarial deed or a lawyer-authorised document.
The minimum share capital (základné imanie) is EUR 5,000, with each member contributing at least EUR 750 of capital (Commercial Code, sections 108 and 109). Before filing, at least 30 per cent of each cash contribution and EUR 2,500 of capital in total must be paid, or all of it where there is a single founder (section 111). A founder named in the articles can hold the money as contribution administrator, and the administrator’s written declaration goes with the filing (section 60), so no bank account is needed to register.
A VAT-registered company must notify the Financial Directorate of every domestic or foreign account it uses for business before using it, and of changes; the list is published so customers can check they pay a declared account (VAT Act, No. 222/2004 Z. z., section 6). Since April 2025 legal persons also pay a financial transaction tax (Act No. 279/2024 Z. z.): 0.4 per cent of most outgoing payments, capped per payment, and 0.8 per cent of cash withdrawals; transfers between the company’s own accounts at one bank and payments of taxes and social and health insurance are outside it. A Slovak bank withholds the tax; with a provider based abroad, the company calculates, reports and pays it itself by the end of the following month.
The account belongs to the s.r.o. and stays with it when the business share is sold, now by notarial deed or a lawyer-authorised agreement. The bank then reviews the new members, konateľ and signatories under its own rules and decides whether to keep the account, request more evidence or close it. Settle the residence permit question first; founders who cannot meet it can compare bank accounts for Czech companies, where no permit is needed.
A ready-made Slovak s.r.o. can come from us, or we can set up a new one through company formation in Slovakia; either way we help put the bank file together, ownership documents included. An introduction is possible when a bank that fits the business is one where we have a working contact; the account opens only if the bank agrees. Our Slovakia overview covers tax and company law, and shelf companies with bank accounts explains how accounts move with a company.
The law allows remote identity checks of comparable reliability, but each bank decides. Fio banka opens business accounts at its branches; Slovenská sporiteľňa and ČSOB publish no online conditions for directors abroad. Prepare the register extract, identity documents and ownership proof in advance, and be ready for the konateľ to attend a branch.
Two duties. A VAT-registered company notifies the Financial Directorate of every domestic or foreign account it uses for business before using it. Every legal person also pays the financial transaction tax on most outgoing payments: a Slovak bank withholds it, but with a provider based abroad the company calculates, reports and pays it itself each month.
Only if he or she is not a citizen of an EU or OECD member state. Since 17 August 2026 the registry court, or a notary acting as registrar, checks for a Slovak residence permit before entering such a director. Members face no such test.
Yes. The Deposit Protection Fund (Fond ochrany vkladov, FOV) covers legal entities up to EUR 100,000 per depositor per bank and pays within seven working days, excluding banks, insurers, investment companies, pension funds and public authorities. Branches of banks from other EU states, such as Fio banka’s Slovak branch, fall under their home scheme instead.
Nothing in the law prevents it. The account stays with the s.r.o. after the business share is transferred, but the bank then re-examines the new members, konateľ and signatories and may continue, ask for extra documents or close the account. Check that the incoming konateľ meets the residence permit rule first.