Basic – a personal Account
This time we will focus on basic information – what to know when opening an account and what to watch out for. One basic condition for establishing your own account is you must be 18 years old. Exceptions include student accounts that can be opened at the age of 15, but only with the presence of a legal representative. For foreigners, it is also necessary to have confirmation of residence in the Czech Republic. When opening a bank account, you are required to submit two identification documents. What kind of evidence specifically? Usually banks specify it themselves. Generally these include an ID card, birth certificate, health insurance card, passport, driving license or employee identification card. For foreign banks, it is necessary to specify whether they are coming from the European Union or elsewhere. Foreigners from the EU must present an identification document that is usually issued and valid in the EU (European union identification card). They can also present a passport and a second document that is equivalent to a Czech birth certificate, driver’s license or proof of residence permits that are issued by the Ministry of the Interior. For foreigners from outside the EU, the main document required is a passport while secondary documents are similar to those of foreigners from EU. Banks always prefer documents with photos.
There are also specific conditions in setting up a business account. If you want to open an account as a legal entity, you are required to have the standard bank documents that were mentioned above. Moreover, it is usually necessary to provide proof of establishment of the company, the certificate of incorporation issued in the Czech Republic or in another state (where legal provenance). If the company is not yet registered in the Commercial Register, it must be added to the founder’s deed or memorandum. All documents in a foreign language must be translated into Czech, officially verified and submitted when applying for an account. Before you choose a bank and decide to open an account, it is important to verify the extent of the services they offer within the standard account management. Every bank in the country has helplines who will answer any questions. The information is usually provided in several languages though always in English. Most of banks in the Czech Republic, in addition to the fees for classical account management, deduct fees and other services. Therefore you should ask how much extra you can pay to get discounted or free services fees, etc. The moment you start your account , your bank will comply with the banking code and inform you of standard information . It is written in an overview of the key features of the services provided and details of their terms and conditions including the published tariff of fees (all fees for withdrawing money, all additional fees , penalty and interest) . The Bank is obliged to disclose this information upon request and at any other time. If you need translate any documents with official verification or if you need help to the bank or another institutions whit a paid assistant, do not hesitate to contact us!
8 thoughts on “How to set up a new bank account in Czech Republic? First part.”
You say > “For foreigners, it is also necessary to have confirmation of residence in the Czech Republic.
When opening a bank account, you are required to submit two identification documents.”
Not correct for Equabank – just a passport & Czech mobile phone is fine.
PS – they do not accept customers from the USA because of the FATCA reporting rules.
Hi, I want to oppen an bank account in czech republic. Actually I am iranian and academic member who has some scientific relationships with my colleagues in charles university.
Can you help? I need via card to be issued
Hello. I represent law firm in Ukraine and we provide services in openning bank accounts for companies. We are looking for a person in Czeck Republik, who will be able with Power of Attorney to go to the bank and to open bank account for company. Please let me know if there are such persons and if yes, what would be the fee for one bank account? Waiting for your feedback. Thank you in advance! Kind Regards, Olga!
Hello, try to open this account in maxipay.eu. Its same as bank, works under Czech national bank license. Available for companies B2C, C2B payments.
I found online payment system that allow to open bank account in Czech Republic in few clicks. It is same as bank account but have openned online. Its website: maxipay.eu
You can accept money via sepa transfer or other methods,czech banks, cash and withdraw it to paypal, swift. Make local payments withing Czech Republic, that is realy fasts.
Please am Nigeria am still in refugee camp I want to open a bank account to order online clothes for my baby how can you help me out
Please advice me how to open new business account at Czech republic.
If you have application for this, please send me one.
Thanks for your special consideration.
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