The 60-second version
Albanian bank closure needs zero balance certificate, DPT interest summary if applicable, EUR SWIFT to NRE, and non-residency letter before India tax residency.
Close bank after brokerage — not the reverse
Albanian retail banking at Raiffeisen, BKT, and Intesa Sanpaolo often links to depot — liquidate brokerage first, then close ALL/EUR current account.
Export annual interest statement for DPT and India Schedule FA interest disclosure.
Brokerage lane: Albanian brokerage guide.
Albanian bank wind-down
| Bank | Doc | Step |
|---|---|---|
| Raiffeisen AL | Closure cert | Zero balance |
| BKT | Interest stmt | SWIFT out |
| Intesa AL | Non-res letter | Close account |
| Linked depot | Closed first | Then bank |
Closure
Zero balance
Transfer all ALL/EUR.
Interest stmt
DPT / India ITR.
SWIFT NRE
Wire proceeds.
Close account
Bank letter.
Schedule FA
Last FY balance.
Flow
Albania bank kit
- IBAN.
- Interest PDF.
- Closure letter.
- SWIFT.
- NID copy.
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US person
Albanian accounts count toward FBAR USD 10k aggregate — file FinCEN 114 if threshold met.
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Keep EUR account?
Possible as non-resident — India Schedule FA still applies.
Form 67?
Albanian interest WHT — treaty credit.
Brokerage first?
Yes — depot settlement funds bank closure.
Montenegro neighbour?
Montenegrin bank guide if parallel Podgorica account.
Dormant fee?
Close before monthly charge erodes balance.
Multi-currency?
Convert ALL sub-account before closure.
Your NRE account redesignation has a deadline.
Banks don't remind you. You need the right account stack before salary, rent, and EMIs start moving. Get the exact sequence.