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− | {{DISPLAYTITLE: | + | {{DISPLAYTITLE:List of Czech bank accounts for foreigners}} |
− | + | == Foreign bank account? Where to withdraw cash == | |
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− | == | ||
If you are still only having a foreign bank account, you probably need to withdraw cash with your foreign Visa or Mastercard. | If you are still only having a foreign bank account, you probably need to withdraw cash with your foreign Visa or Mastercard. | ||
Some bank machine are more suitable than others – find here a [[/Cash|List of Czech ATMs not charging extra fees]]. | Some bank machine are more suitable than others – find here a [[/Cash|List of Czech ATMs not charging extra fees]]. | ||
− | == What Czech bank account do I need? | + | == What Czech bank account do I need? == |
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. | 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 === | === Revolut & Transferwise === | ||
− | [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 | + | [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 less than 100 EUR. |
=== Currency exchange at Czech banks === | === Currency exchange at Czech banks === | ||
− | 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 | + | 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, for 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%. | On average, you loose around 3% when exchanging EUR to CZK via a Czech bank. With Revolut, it is rarely over 1%. | ||
− | === Combine Revolut with a Czech bank account | + | === Combine Revolut with a Czech bank account == |
This is why the smartest setup could be the following: | This is why the smartest setup could be the following: | ||
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** send the CZK to your simple Czech bank account | ** send the CZK to your simple Czech bank account | ||
− | Vice versa for sending | + | Vice versa for sending money. |
− | * | + | |
− | * | + | == What do I need to open a Czech bank account? == |
− | * | + | Most banks will require from you: |
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+ | * an ID / passport | ||
+ | * a proof of residence, can be | ||
+ | ** a rental contract | ||
+ | ** temporary/permanent residence permit | ||
+ | |||
+ | With these documents, go to a branch of the following banks. | ||
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+ | == Free bank accounts with English support == | ||
+ | |||
+ | === Fio banka === | ||
+ | |||
+ | [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. | ||
+ | |||
+ | 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). | ||
+ | |||
+ | Besides, you get | ||
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+ | * a free Mastercard for contactless payments | ||
+ | ** another payment card for a second person | ||
+ | * up to 10 cash withdrawals / month at Fio ATMs | ||
+ | ** 5 at other ATMs | ||
+ | ** 1 withdrawal in foreign country per month | ||
+ | |||
+ | ''See also:'' [https://www.fio.cz/bank-services/bank-accounts/current-account?lng=2 More features] | ||
+ | |||
+ | === Raiffeisenbank === | ||
+ | German-based Raiffeisenbank offers [https://www.rb.cz/en/personal/accounts/current-accounts two current accounts]: | ||
+ | |||
+ | * ''[https://www.rb.cz/en/personal/accounts/current-accounts/chytry-ucet Chytrý účet]:'' simple but free | ||
+ | * ''[https://www.rb.cz/en/personal/accounts/current-accounts/aktivni-ucet Aktivný účet]:'' 49 CZK / month but including many features | ||
+ | |||
+ | ==== Chytrý účet ==== | ||
+ | |||
+ | The '''Smart account''' (''Chytrý účet'') has no running fees but also not many features included. What you get included: | ||
+ | |||
+ | * a CZK account (for any further currency, you pay 29 CZK / month) | ||
+ | * a debit card | ||
+ | * a credit card | ||
+ | * free cash withdrawal at ATMs in Czechia | ||
+ | |||
+ | Read more about [https://www.rb.cz/en/personal/accounts/current-accounts/chytry-ucet Chytrý účet] | ||
+ | |||
+ | ==== Aktivný účet ==== | ||
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+ | With the '''Active account''' (''Aktivný účet'') you pay 49 CZK / month and get additionally | ||
+ | * not only an account in CZK but also optionally in EUR, USD, GBP, CHF, JPY, CAD, PLN, HUF ... | ||
+ | * free cash withdrawal at ATMs not only in Czechia but worldwide | ||
+ | |||
+ | Read more about [https://www.rb.cz/en/personal/accounts/current-accounts/aktivni-ucet Aktivný účet] | ||
− | + | === Equabank === | |
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− | + | Equabank is a Czech bank and offering a free current account in CZK, including: | |
− | + | * free cash withdrawal at ATMs worldwide | |
+ | * free Mastercard debit card | ||
+ | * optional: an account in EUR | ||
+ | * free incoming and outgoing transactions in EUR and CZK | ||
− | + | Account opening is possible in [https://www.google.com/maps?q=equa+bank branches] or online. | |
− | + | Read more about [https://www.equabank.cz/en/current-account Equabank's current account] | |
− | + | <!-- https://www.sberbank.cz/en --> |