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{{DISPLAYTITLE:Banking for Foreigners in Czechia}}
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{{DISPLAYTITLE:List of Czech bank accounts for foreigners}}
To receive salary, invoice clients, pay rent & shop in Czechia, a Czech bank account is needed. Here we describe
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Related:
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* [[/Cash|Cash withdrawal without fees]] – List of Czech ATMs not charging extra fees
  
* where the withdraw cash with a non-Czech Visa or Mastercard,
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== What do I need to open a Czech bank account? ==
* which Czech & foreign banks are good for foreigners.
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Most banks will require from you:
  
== Still having a foreign bank account? Where to withdraw cash ==
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* an ID / passport
If you are still only having a foreign bank account, you probably need to withdraw cash with your foreign Visa or Mastercard.
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* a proof of residence, can be
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** a rental contract
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** temporary/permanent residence permit
  
Some bank machine are more suitable than others – find here a [[/Cash|List of Czech ATMs not charging extra fees]].
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With these documents, go to a branch of the following banks.
  
== What Czech bank account do I need? Or: The smartest setup ==
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== Free bank accounts with English support ==
Before looking for offers and opening an account, think about what exactly you want to do with it. If you keep your current bank account from your home country, you might need only a Czech account in CZK – and use e.g. '''Revolut''' or '''Transferwise''' for exchanging money from your old account to your new Czech one.
 
  
=== Revolut & Transferwise ===
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=== Fio banka ===
[https://www.revolut.com/ Revolut] & [https://berlincheap.com/transferwise-review Transferwise] are free multi-currency accounts: You have one account but balances in EUR, USD, CZK etc. And you can exchange money between these balances without any (big) spread. On Revolut for instance, you can exchange 100 EUR into CZK and back – and still have not (much) less than 100 EUR.
 
  
=== Currency exchange at Czech banks ===
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[https://www.fio.cz/?lng=2 Fio banka] is a branch bank that also offers online banking. Their website has an English interface, and also in their branches you can find English speaking customer service.
This is much different with Czech banks: They have a different rate for buying EUR and selling EUR – and in between a spread. For instance, you would change 1 EUR into 25 CZK – and for changing these 25 CZK bank into EUR, a rate of 1 to 26 CZK is applied, giving you back only 0.96 EUR.
 
  
On average, you loose around 3% when exchanging EUR to CZK via a Czech bank. With Revolut, it is rarely over 1%.
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They offer a free [https://www.fio.cz/bank-services/bank-accounts/current-account?lng=2 current account] that can hold Czech currency (CZK), but also in many others (at the moment: AUD, CAD, DKK, EUR, GBP, HRK, HUF, CHF, JPY, NOK, PLN, RUB, SEK, USD).
  
=== Combine Revolut with a Czech bank account ===
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Besides, you get
  
This is why the smartest setup could be the following:
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* a free Mastercard for contactless payments
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** another payment card for a second person
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* up to 10 cash withdrawals / month at Fio ATMs
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** 5 at other ATMs
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** 1 withdrawal in foreign country per month
  
* Get a [https://www.revolut.com/ Revolut] or [https://berlincheap.com/transferwise-review Transferwise Borderless Account]
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''See also:'' [https://www.fio.cz/bank-services/bank-accounts/current-account?lng=2 More features]
* Get a simple, free Czech Bank Account with CZK only
 
* If you need to receive money in another currency than CZK:
 
** receive it on your Revolut or Transferwise account
 
** exchange it there to CZK
 
** send the CZK to your simple Czech bank account
 
  
Vice versa for sending EUR from your Czech account:
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=== Raiffeisenbank ===
* Send CZK to Revolut
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German-based Raiffeisenbank offers [https://www.rb.cz/en/personal/accounts/current-accounts two current accounts]:
* Exchange it there to EUR
 
* Send it from Revolut to where you want
 
  
Read more:
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* ''[https://www.rb.cz/en/personal/accounts/current-accounts/chytry-ucet Chytrý účet]:'' simple but free
* [https://transferwise.com/help/articles/2932345/czk-transfers Transferwise Guide to CZK transfers]
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* ''[https://www.rb.cz/en/personal/accounts/current-accounts/aktivni-ucet Aktivný účet]:'' 49 CZK / month but including many features
  
=== Isn't Revolut / Transferwise enough? Why a Czech account at all? ===
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==== Chytrý účet ====
  
Since Revolut allows you sending and receiving CZK, you may think now: Why would I need a Czech account at all?
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The '''Smart account''' (''Chytrý účet'') has no running fees but also not many features included. What you get included:
  
In Czechia, bank transfers follow a special system using [https://en.wikipedia.org/wiki/Variable_symbol "Variable, Constant & Specific symbol"]. To perfectly comply with these transfers, a Czech bank account is suitable.
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* a CZK account (for any further currency, you pay 29 CZK / month)
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* a debit card
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* a credit card
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* free cash withdrawal at ATMs in Czechia
  
== See also  ==
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Read more about [https://www.rb.cz/en/personal/accounts/current-accounts/chytry-ucet Chytrý účet]
  
* [[Czechia/Banking/Current|Banks for Foreigners in Czechia]]
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==== Aktivný účet ====
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With the '''Active account''' (''Aktivný účet'') you pay 49 CZK / month and get additionally
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* not only an account in CZK but also optionally in EUR, USD, GBP, CHF, JPY, CAD, PLN, HUF ...
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* free cash withdrawal at ATMs not only in Czechia but worldwide
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Read more about [https://www.rb.cz/en/personal/accounts/current-accounts/aktivni-ucet Aktivný účet]
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=== Equabank ===
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Equabank is a Czech bank and offering a free current account in CZK, including:
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* free cash withdrawal at ATMs worldwide
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* free Mastercard debit card
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* optional: an account in EUR
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* free incoming and outgoing transactions in EUR and CZK
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Account opening is possible in [https://www.google.com/maps?q=equa+bank branches] or online.
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Read more about [https://www.equabank.cz/en/current-account Equabank's current account]
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https://www.equabank.cz/en/current-account
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