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INR provider comparison

Checked against the source: Checked: 19 Oct 2026

What will an individual investment account (INR) really cost you? Enter how much and how often you invest and see purchase, custody and payout costs at all four providers where you pick your own investments: NLB, OTP banka, BKS Bank and ILIRIKA. How an INR is taxed is explained in the article on ETF tax in Slovenia.

Your plan

What you buy

Total costs by provider

Provider Total Of contributions Purchases Custody Sale and payout
BKS BankCheapest €1,530 2.89% €864 €412 €254
OTP banka €2,088 3.94% €1,369 €363 €357
ILIRIKA €2,527 4.77% €1,974 €287 €266
NLB €3,202 6.04% €2,700 €253 €249

You pay in €53,000, value at the end before costs and tax, at 6%: €73,944.

Fees at a glance

ETF on the German Xetra exchange, online order.

NLBILIRIKAOTP bankaBKS Bank
Opening and accountfreeno fee€4.80 a year€4.80 a year KDD account fee, unless you already have a regular trading account therefreeno fee (KDD costs included)€4.80 a year€4.80 a year KDD account fee, unless you already have a regular trading account there
Commission (online)0.3%, min. €10.3%, min. €10.3%, no minimum0.3%, min. €4
Extra per order (Xetra)€13 + 0.019% (min. €8)€8 NLB settlement + €5 Clearstream settlement€6 + 0.05% (min. €9)€6 ILIRIKA settlement0.02% (min. €10)settlement included in the Baader Bank fee€3 + 0.012%€3 foreign-market transaction fee
One €1,000 purchase€24.00€18.00€13.00€7.12
Custody per year0.06% (min. €9.00) + 0.008%0.054% (min. €8.40) + 0.01%0.0996% (min. €6.00)0.1% (min. €6.00)
Payout / closingno fee€1.20 transfer1.9% (€4 - €120)€20 on closing
Price listPDF 1PDF 2PDF 3valid from 05.03.2026PDF 1PDF 2valid from 05.03.2026PDF 1PDF 2valid from 21.09.2026PDF 1valid from 13.03.2026

Cheapest INR for the way you invest

For an ETF on Xetra the ranking depends on how much and how often you buy. Total costs over the whole period (purchases, custody, sale and payout) at a 6% yearly return, without the 2026 discount:

Plan NLBILIRIKAOTP bankaBKS Bank
€400 a month, buying every month, 10 years €3,0994th place €2,4293rd place €1,9702nd place €1,4191st place
€400 a month, buying every quarter, 10 years €1,4154th place €1,2253rd place €1,1642nd place €8531st place
€20,000 in the first year, then €5,000 once a year, 15 years €1,8272nd place €1,8081st place €2,1154th place €1,9883rd place

Buying every quarter instead of every month cuts the costs at every provider, because each order has fixed costs.

INR providers one by one

For each provider: its place and total costs for two of the plans above (€400 a month bought monthly over 10 years, and €20,000 then €5,000 a year over 15 years), and what drives its costs the most.

INR at NLB

Best place: 2nd with large yearly payments

€400 a month, monthly purchases
4th place €3,099
Large yearly payments
2nd place €1,827

Why: At least €22 in fixed costs per purchase, so fewer, larger purchases pay off.

INR at ILIRIKA

★ Cheapest for large yearly payments

€400 a month, monthly purchases
3rd place €2,429
Large yearly payments
1st place €1,808

Why: At least €16 in fixed costs per purchase, so fewer, larger purchases pay off.

INR at OTP banka

Best place: 2nd with monthly purchases

€400 a month, monthly purchases
2nd place €1,970
Large yearly payments
4th place €2,115

Why: Low fixed costs (€10 per purchase), but custody of 0.1% a year weighs more as the portfolio grows. At the end, 1.9% for the payout (up to €120).

INR at BKS Bank

★ Cheapest for monthly purchases

€400 a month, monthly purchases
1st place €1,419
Large yearly payments
3rd place €1,988

Why: Low fixed costs (€7 per purchase), but custody of 0.1% a year weighs more as the portfolio grows.

How we calculate: buying an ETF on the German Xetra exchange, order placed in the web or mobile app. Contributions arrive at the start of each month, purchases happen at the end of the chosen period, and the portfolio grows monthly at the chosen return. The whole contribution is invested and costs are shown separately. The ETF is accumulating, so there are no dividend fees. "Sale and payout" counts a sell order for the whole portfolio and the fee for paying out or closing the account.
Contributions are capped at the legal limits (€20,000 in the first year, then €5,000 a year, €150,000 in total). The 50% commission discount all providers give in 2026 is counted only if you switch it on, and only for the first year. For ILIRIKA we assume CACEIS executes Xetra orders, so its settlement fee does not apply. For ILIRIKA and BKS Bank the €4.80 a year KDD account fee is included; you do not pay it if you already have a regular trading account with the same provider. Tax is left out because it is the same at every provider.
Slovene shares: a purchase on the Ljubljana Stock Exchange with the exchange and KDD costs from each provider's price list (the exchange fee differs because every broker has its own fee class on the exchange). KDD costs follow KDD's reduced INR rates (custody €0.28 a month + 0.00153%, corporate actions €2.04 to €9.48 a year). Dividends are paid once a year, the portfolio is split over 5 shares, the payout fee is charged per share, and the money is reinvested with the December purchase. From the second year on we allow the extra €5,000 a year for Slovene securities.
INRs are also offered by firms that invest for you (portfolio management): Generali Investments, Triglav Investments, JonatanMars Invest and ILIRIKA. There you pay a yearly percentage of your assets, so they are not part of this comparison. The full list of providers is kept by the Securities Market Agency (ATVP).
Source: each provider's official INR price list (links in the table), checked by hand. To see how your contributions could grow, use the investment calculator, and to pick a fund, the ETF comparison.
Share calculation:

Frequently asked questions

Questions about the INR 8

Which INR is the cheapest?
It depends on how you invest. For one €1,000 purchase of an ETF on Xetra, BKS Bank is currently cheapest (€7.12). With large yearly purchases over a longer period, custody fees charged on the portfolio value matter more for the ranking. For Slovene shares on the Ljubljana Stock Exchange the ranking is different: a €1,000 purchase is cheapest at NLB (€5.33). That is why you should enter your own plan in the calculator.
What does an INR cost at NLB, ILIRIKA, OTP banka and BKS Bank?
One online €1,000 purchase of an ETF on Xetra costs: BKS Bank €7.12, OTP banka €13.00, ILIRIKA €18.00, NLB €24.00. Buying €1,000 of Slovene shares on the Ljubljana Stock Exchange: NLB €5.33, ILIRIKA €5.83, OTP banka €5.83, BKS Bank €6.83. On top of purchases you pay custody and a payout fee, which also differ between providers. Every item is in the Fees at a glance table.
How much can I pay into an INR?
Up to €20,000 in the first calendar year, then up to €5,000 a year. From the second year on you can add another €5,000 a year if you invest it in Slovenian financial instruments. The lifetime total is €150,000, and each person can open only one INR.
Can I buy Slovene shares in an INR?
Yes. An INR can hold shares of Slovene companies on the Ljubljana Stock Exchange (e.g. Krka, Petrol, NLB), Slovene government bonds and funds that invest at least 80% in Slovene issuers. From the second year on you can pay in another €5,000 a year for these. With no foreign fixed costs on the Ljubljana exchange, a €1,000 purchase costs only €5.33 to €6.83. Choose Slovene shares in the calculator.
How is an INR taxed?
Gains are not taxed as they arise but only when you withdraw money from the account, at a flat 15%. If your first withdrawal comes after 15 years with nothing taken out before, it is tax-free. The INR provider calculates and pays the tax; you do not file it yourself.
Why are monthly purchases more expensive?
Every order on a foreign exchange also has fixed costs (settlement, the foreign broker) that are the same whatever the amount. On a €400 purchase that can be more than 5%. If you save up for a few months and buy once, you pay those costs less often.
Can I move my INR to another provider later?
Yes. None of the four providers charges its own fee for moving an INR to another provider, although actual KDD or foreign custodian costs may apply. Holdings move without being sold, so your choice of provider is not final.
Where does the data come from?
From each provider's official INR price list published as a PDF (links in the table). We check the data by hand; the date of the last check is shown next to the title. The comparison is for information only and is not financial advice.

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