<h2>Introduction: How to Choose a Bank Account for an LLC (s.r.o.) in Slovakia</h2>
<p>After registering an LLC <i>(Slovak: s.r.o.)</i> in Slovakia, the next step is to open a bank account. Without it, you won’t be able to receive payments, pay taxes, file reports, or operate as a legal entity. Foreign entrepreneurs, especially those from third countries, often face barriers: banks require a residence permit, company documents, and the presence of founders.</p>
<p>On the other hand, online solutions such as Revolut Business are becoming more popular, allowing account opening remotely — quickly, easily, and without visiting a branch. However, these services have nuances: you must manually file reports for the transaction tax <i>(Slovak: transakčná daň).</i></p>
<p>In this article, we’ll compare what to choose for an LLC — a Slovak bank or Revolut, what documents are needed, and how to avoid common mistakes.</p>
<p><b>🟩 Disclaimer:</b> As of April 2025, Slovak authorities are considering the elimination of the financial transaction tax. If this happens, doing business will become even easier.</p>

<h2>Business Account for LLC in a Slovak Bank</h2>
<p style="margin-bottom: 5px;">This is the classic option for companies. However, for foreigners, it often becomes a real challenge:</p>
<ul style="margin-top: 7px;">
<li>Account opening is only possible in person — it cannot be done online</li>
<li>Required documents: extract from the business register, passport/residence permit of the director, invoices, contracts, etc.</li>
<li>Banks may sometimes require address or business activity confirmation</li>
<li>The decision depends on the specific employee and branch</li>
<li>Account opening time: from 2 to 15 business days</li>
</ul>
<div class="blog-services"><p><b>✅ Advantage:</b> the transaction tax is automatically deducted, no additional reports are required.</p></div>
<div class="blog-services"><p><b>❌ Disadvantages:</b> refusal without explanation, outdated interfaces, unpredictable fees.</p></div>
<div class="blog-services"><p><b>📌 Banks that more frequently open accounts for foreign entrepreneurs for LLC:</b> Tatra banka, ČSOB, VÚB, UniCredit, Fio banka.</p></div>

<div class="responsive-table-container">
<table border="1" cellpadding="6" cellspacing="0">
  <tbody>
    <tr>
      <td>Bank</td>
      <td>Free Account Management</td>
      <td>Account Management Fee</td>
      <td>Mobile App</td>
      <td>Instant Payments</td>
      <td>Net Profit</td>
    </tr>
    <tr>
      <td><b>Revolut*</b></td>
      <td>∞</td>
      <td><samp>10-30 €/month</samp></td>
      <td>⭐️⭐️⭐️⭐️⭐️</td>
      <td>✅</td>
    </tr>
    <tr>
      <td><b>Tatra banka</b></td>
      <td>12 months</td>
      <td><samp>7-19 €/month</samp></td>
      <td>⭐️⭐️⭐️⭐️½</td>
      <td>✅</td>
    </tr>
    <tr>
      <td><b>Slovenská sporiteľňa</b></td>
      <td>12 months</td>
      <td><samp>7-40 €/month</samp></td>
      <td>⭐️⭐️⭐️⭐️</td>
      <td>✅</td>
    </tr>
    <tr>
      <td><b>VÚB</b></td>
      <td>12 or 6 months</td>
      <td><samp>8-22 €/month</samp></td>
      <td>⭐️⭐️⭐️⭐️</td>
      <td>✅</td>
    </tr>
    <tr>
      <td><b>UniCredit Bank</b></td>
      <td>12 months</td>
      <td><samp>7-15 €/month</samp></td>
      <td>⭐️⭐️⭐️</td>
      <td>✖️</td>
    </tr>
    <tr>
      <td><b>365.banka</b></td>
      <td>✖️</td>
      <td><samp>8-40 €/month</samp></td>
      <td>⭐️⭐️⭐️</td>
      <td>✖️</td>
    </tr>
  </tbody>
</table>
</div>

<h2>Business Account for LLC in Revolut Business</h2>
<p style="margin-bottom: 5px;">If you want to act quickly, opening an account in <b>Revolut Business</b> is a real alternative.</p>
<ul style="margin-top: 7px;">
<li>Registration is fully online, from anywhere in the world</li>
<li>No need for an in-person visit to the bank</li>
<li>Suitable for starting while you don’t have a Slovak residence permit</li>
<li>Excellent interface and support</li>
</ul>
<p style="margin-bottom: 5px;"><b>❗ Downside:</b> you need to calculate and pay the transaction tax yourself. Here’s what to do:</p>
<ol style="margin-top: 7px;">
<li>Export <b>outgoing transactions.</b></li>
<li>We’ll calculate the tax and submit the report.</li>
<li>Pay the transaction tax.</li>
</ol>
<div class="blog-services"><p>💡&nbsp;We can take care of this if you use our accounting services.</p></div>

<h2>Transaction Tax (transakčná daň) for Companies in Slovakia</h2>
<p>All LLCs in Slovakia are required to pay a <b>tax on financial transactions,</b> regardless of where the bank account is opened — in Slovakia or abroad.</p>
<p style="margin-bottom: 5px;">Tax rates:</p>
<ul style="margin-top: 7px;">
<li><b>0.4% of the amount of each outgoing payment</b> (up to <samp>40 €</samp> per transaction);</li>
<li><b>0.8% for cash withdrawals at ATMs.</b></li>
</ul>
<p><b>🟩 Exempt from tax:</b> incoming payments and card payments.</p>
<p>If you have an account with a Slovak bank, the tax is automatically withheld, and no reports need to be submitted. If you use <b>Revolut or another foreign bank</b>&nbsp;— you must <b>calculate, submit reports, and pay manually,</b> once a month.</p>

<h2>How We Help with Account Opening and Tax Accounting — Solutions from Oki-Doki.sk</h2>
<p>We help entrepreneurs launch businesses in Slovakia without unnecessary bureaucracy and confusion with banks and taxes:</p>
<div class="blog-services">
<h3>💳&nbsp;Free Revolut Business Account Opening</h3>
<p>Online opening: quick, remote, and turnkey.<br/>
<a href="https://business.revolut.com/signup?promo=b2b-ref-023-TXT&ext=fe19fbe4-9b0e-32ce-9a48-460bd2d7a5f0&context=B2B_REFERRAL" target="_blank">👉&nbsp;Free Revolut Account Opening</a><br/>
<a href="/en/kontakty" target="_blank">👉&nbsp;Free Help with Account Opening</a></p>
</div>
<div class="blog-services">
<h3>📑&nbsp;Transaction Tax Reports</h3>
<p>If you have an account with Revolut or another foreign bank.<br/>
<a href="/en/sluzby/uctovnicke-sluzby" target="_blank">👉&nbsp;Transaction Tax Reports</a></p>
</div>
<div class="blog-services">
<h3>📘&nbsp;Accounting for Sole Proprietors&nbsp;— <samp>from 30 € per month</samp></h3>
<p>Complete package: VAT, reporting, consolidated reports, income tax, consultations.<br/>
<a href="/en/sluzby/uctovnicke-sluzby" target="_blank">👉&nbsp;Accounting for LLCs</a></p>
</div>
<div class="blog-services">
<h3>✅&nbsp;LLC Registration in Slovakia — <samp>from 350 €</samp></h3>
<p>Remotely, with a power of attorney, possibility to open an account and apply for a residence permit.<br/>
<a href="/en/sluzby/zalozenie-zivnosti" target="_blank">👉&nbsp;Register LLC</a></p>
</div>


How to open a bank account for an LLC in Slovakia: list of banks, conditions, remote setup, integration with accounting.

Bank Account for LLC in Slovakia: Slovak Bank or Revolut?