Kuna to become a thing of the past


Kuna to become a thing of the past

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We were well prepared to welcome the euro! All functionalities and services are available!

Once again we listed the important changes, instructions for the dual-circulation period and the transition to the euro. 

The essential information is that according to the principle of contract continuity under the Law on Introduction of the Euro, it is not necessary to change the contractual documentation that regulates this segment of banking activities.



RBA transaction accounts are multi-currency accounts, which means there's no need for closing or opening the currency components of the account.

The kuna balance is converted to the euro automatically by applying the fixed conversion rate, in keeping with the Law on Introduction of the Euro, and the converted balance has been summed up with the existing euro balance, if you hold euros in the account. Your total balance is shown under the same IBAN as it has been so far.

Authorisations per your transaction account remain unchanged unless we contact you on this matter specifically.

We would like to draw your attention to the changes we made to the documentation of the Frame Agreement due to the euro introduction. The following amended documents are available to you on our website:
- General Terms and Conditions for Transaction Accounts of Business Entities
- Extract from the Decision of Service Fees – for Business Entities
- Time Schedule for Execution of Payment Transactions for Business Entities



From the day of the introduction of the euro as our new local currency, in addition to new documents constituting the Frame Agreement being applied, also new documentation is implemented for:
- SEPA credit transfer, in connection to which we point out the new pain.001 format
- SEPA Direct Debit, in connection to which we point out the new pain.008 format
All documentation are available on, and if there’s a need to check the accuracy of the new changes to the pain.001 format, you can reach us through the usual channels by contacting the persons with whom you mainly communicate at our bank.

We will no longer receive orders in the kuna, save for a few exceptions:
- Cash payment orders during the dual circulation period to deposit revenues from ordinary business activities
- Previously printed bills (eg. for utilities) over a six-month period

In both cases above, orders will be executed in the euro by applying the fixed conversion rate.
All previously agreed standing orders and SEPA Direct Debit orders will continue to be executed in accordance with the set instructions and automatically converted from the kuna to the euro at the fixed conversion rate.
All previously given authorisations will remain in force and limits related to placing of payment orders will be converted at the fixed conversion rate.



In accordance with the agreed dynamics, on 02/01/2023 account statements has been sent for 30/12/2022 and 31/12/2022 for the currencies in which movement was recorded.

If you had movements in the kuna, the statement is sent for the kuna and showing the final balance in the kuna.

The end balance in the kuna as on the day of 31/12/2022 is converted to the euro at the fixed conversion rate. The obtained amount, increased for the earlier euro balance (if any), will represent the starting euro balance on the first account statement created in the year 2023, which you will receive in keeping with the agreed dynamics. All other balances, if you should have any movements in another foreign currency, will be shown in the account statements according to the rules so far.

From 01/01/2023 The Statements of Account Movements and Balance are shown in the euro. 

Transaction Account service fees for the month of December are computed and charged on 31/12/2022 in the kuna and shown in the Recapitulation of Calculated Transaction Account Fees (Recapitulation) in the kuna. From the day of the introduction of the euro, the fees are computed, charged and also shown in the Recapitulations in the euro.

Any debts for computed but outstanding fees from 2022 will be charged in the euro in 2023.



Numbers of accounts and cards, as well as all terms and conditions and provisions remain unchanged.

As regards limits, will remain the same and converted by applying the fixed conversion rate in accordance with the rules for recalculation and rounding.



From 01/01/2023 it is possible to withdraw and deposit only euro cash on ATMs.
Minimal denomination that you can withdraw on ATMs is 10 euro. ATMs will be loaded with minimal denominations of 10 and 20 euro. It is important to note that an ATM can give out at most 40 banknotes per one transaction.



In the dual circulation period, you will be able to deposit your revenues from ordinary business activities in the kuna and euro through the agreed channels, and your Transaction Account will be credited in the euro, but we again point out that from the day of the euro changeover, ATMs will receive and give out only euros. We draw attention to the fact that when making deposits through day-night vault, the deposits in the kuna and the deposits in the euro need to be separated in two bags with separate specifications.

During the dual circulation period, kuna revenue deposits will be converted at the fixed conversion rate and, in accordance with the rules for recalculation and rounding, credited to the Transaction Account along with the euro deposits. This conversion is free of charge.



From 01/01/2023, all turnover accepted in 2022 with value date in 2023 will be converted to the euro at the fixed conversion rate.



Fixed exchange rate of conversion of the kuna to the euro: 1 euro = HRK 7.53450 is applied for the dual display of the amount of fees and other monetary presentations, taking into account the conversion and rounding rules in accordance with the Act on the Introduction of the Euro as the Official Currency in the Republic of Croatia.


If you need assistance or clarification in connection to any related matter, dial 072 92 92 92 if you're calling from Croatia or dial +385 72 92 92 92 or +385 1 6591 592 if you're calling from abroad. You can also write to us at