{"id":28038,"date":"2023-07-20T10:32:12","date_gmt":"2023-07-20T08:32:12","guid":{"rendered":"https:\/\/blog.foreigners.cz\/?p=28038"},"modified":"2023-07-20T10:32:47","modified_gmt":"2023-07-20T08:32:47","slug":"how-to-open-a-bank-account","status":"publish","type":"post","link":"https:\/\/blog.foreigners.cz\/how-to-open-a-bank-account\/","title":{"rendered":"How to Open a Bank Account in Czechia"},"content":{"rendered":"<p><a href=\"https:\/\/www.google.com\/search?q=%23LifeInCzechia&amp;oq=%23LifeInCzechia&amp;aqs=chrome.0.69i59j0i546j0i30i546j0i546l2j69i65l2j69i61.204j0j4&amp;sourceid=chrome&amp;ie=UTF-8\" target=\"_blank\" rel=\"noopener\"><b>#LifeInCzechia<\/b><\/a> <a href=\"https:\/\/blog.foreigners.cz\/foreigners-relocation-consultant-martin-chudoba\/\" target=\"_blank\" rel=\"noopener\"><b>Relocating<\/b><\/a><b> to another country involves managing a lot of practical tasks. Apart from <\/b><a href=\"https:\/\/blog.foreigners.cz\/accommodation-guide-czechia\/\" target=\"_blank\" rel=\"noopener\"><b>finding a new home<\/b><\/a><b> and getting a <\/b><a href=\"https:\/\/blog.foreigners.cz\/best-mobile-phone-operator-in-czechia\/\" target=\"_blank\" rel=\"noopener\"><b>Czech phone number<\/b><\/a><b>, it is also opening a new bank account. Keep reading to learn about specifications and requirements for <\/b><a href=\"https:\/\/www.foreigners.cz\/about-us?file=about-us\" target=\"_blank\" rel=\"noopener\"><b>foreigners<\/b><\/a><b>.<\/b><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-28039 aligncenter\" src=\"https:\/\/blog.foreigners.cz\/wp-content\/uploads\/2023\/07\/pexels-photo-1602726-520x347.webp\" alt=\"\" width=\"520\" height=\"347\" srcset=\"https:\/\/blog.foreigners.cz\/wp-content\/uploads\/2023\/07\/pexels-photo-1602726-520x347.webp 520w, https:\/\/blog.foreigners.cz\/wp-content\/uploads\/2023\/07\/pexels-photo-1602726-300x200.webp 300w, https:\/\/blog.foreigners.cz\/wp-content\/uploads\/2023\/07\/pexels-photo-1602726-768x512.webp 768w, https:\/\/blog.foreigners.cz\/wp-content\/uploads\/2023\/07\/pexels-photo-1602726.webp 1125w\" sizes=\"(max-width: 520px) 100vw, 520px\" \/><\/p>\n<p style=\"text-align: center;\"><i><span style=\"font-weight: 400;\">Are you looking for a savings account?<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">Whether you&#8217;re a <\/span><a href=\"https:\/\/blog.foreigners.cz\/must-have-apps-for-students\/\" target=\"_blank\" rel=\"noopener\"><b>student<\/b><\/a><span style=\"font-weight: 400;\">, professional, or retiree, opening a bank account <\/span><a href=\"https:\/\/blog.foreigners.cz\/household-insurance-czechia\/\" target=\"_blank\" rel=\"noopener\"><b>in the Czech Republic<\/b><\/a><span style=\"font-weight: 400;\"> is a crucial step towards <\/span><b>managing your finances<\/b><span style=\"font-weight: 400;\">. First of all, you need to <\/span><b>choose the right bank<\/b><span style=\"font-weight: 400;\"> that best <\/span><b>suits your needs<\/b><span style=\"font-weight: 400;\">. Here are your options:<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><a href=\"https:\/\/www.csas.cz\/en\/personal-finance\/loans\/loan\" target=\"_blank\" rel=\"noopener\"><b>\u010cesk\u00e1 spo\u0159itelna<\/b><\/a><\/li>\n<li aria-level=\"1\"><a href=\"https:\/\/www.csob.cz\/portal\/people\" target=\"_blank\" rel=\"noopener\"><b>\u010cSOB<\/b><\/a><\/li>\n<li aria-level=\"1\"><a href=\"https:\/\/www.unicreditbank.cz\/en\/obcane\/ucty\/ucty.html\" target=\"_blank\" rel=\"noopener\"><b>UniCredit Bank<\/b><\/a><\/li>\n<li aria-level=\"1\"><a href=\"https:\/\/www.fio.cz\/\" target=\"_blank\" rel=\"noopener\"><b>Fio Banka<\/b><\/a><\/li>\n<li aria-level=\"1\"><a href=\"https:\/\/www.rb.cz\/en\" target=\"_blank\" rel=\"noopener\"><b>Raiffeisenbank<\/b><\/a><\/li>\n<li aria-level=\"1\"><a href=\"https:\/\/www.moneta.cz\/web\/en\" target=\"_blank\" rel=\"noopener\"><b>Moneta Bank<\/b><\/a><\/li>\n<li aria-level=\"1\"><a href=\"https:\/\/www.airbank.cz\/produkty\/bezny-ucet\/?gclid=Cj0KCQjwqs6lBhCxARIsAG8YcDjxpMqcI05ELHa8p3Zt4EAVczMmVjt2mQYxgdrO8vTXViK-pdAX5WcaAmScEALw_wcB\" target=\"_blank\" rel=\"noopener\"><b>Air Bank<\/b><\/a><\/li>\n<li aria-level=\"1\"><a href=\"https:\/\/www.mbank.cz\/osobni\/\" target=\"_blank\" rel=\"noopener\"><b>mBank<\/b><\/a><\/li>\n<li aria-level=\"1\"><a href=\"https:\/\/www.kb.cz\/en\/individuals\" target=\"_blank\" rel=\"noopener\"><b>Komer\u010dn\u00ed banka (KB)<\/b><\/a><\/li>\n<\/ul>\n<p>Types of bank accounts<br \/>\n<b><\/b><\/p>\n<p><span style=\"font-weight: 400;\">The Czech banking system offers <\/span><b>various types of bank accounts<\/b><span style=\"font-weight: 400;\">, each designed to cater to different needs:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>current account (<\/b><b><i>b\u011b\u017en\u00fd \u00fa\u010det<\/i><\/b><b>)<\/b><span style=\"font-weight: 400;\">: a standard bank account used for <\/span><b>day-to-day transactions<\/b><span style=\"font-weight: 400;\">, bill payments, and <\/span><b>receiving funds<\/b><span style=\"font-weight: 400;\">. It usually comes with <\/span><b>a debit card<\/b><span style=\"font-weight: 400;\"> and online banking facilities with the <\/span><b>possibility to overdraft<\/b><span style=\"font-weight: 400;\"> up to the limit of the particular bank<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>savings account (<\/b><b><i>spo\u0159ic\u00ed \u00fa\u010det<\/i><\/b><span style=\"font-weight: 400;\">): an account for <\/span><b>keeping your savings secure<\/b><span style=\"font-weight: 400;\"> while <\/span><b>earning interest<\/b><span style=\"font-weight: 400;\">. Interest <\/span><b>rates vary<\/b><span style=\"font-weight: 400;\"> between banks, so compare them before deciding on a savings account<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>business account (<\/b><b><i>podnikatelsk\u00fd \u00fa\u010det<\/i><\/b><b>)<\/b><span style=\"font-weight: 400;\">: a bank account r<\/span><b>equired to start and operate<\/b><span style=\"font-weight: 400;\"> a <\/span><b>business<\/b><span style=\"font-weight: 400;\"> in the Czech Republic<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-weight: 400;\">Fees and charges<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">After <\/span><b>doing your research<\/b><span style=\"font-weight: 400;\"> on the banks and seeing what type of account is the best for you, do not forget about the <\/span><b>fees and charges<\/b><span style=\"font-weight: 400;\"> associated with the account. <\/span><a href=\"https:\/\/blog.foreigners.cz\/municipal-waste-fees-in-czechia\/\" target=\"_blank\" rel=\"noopener\"><b>Standard fees<\/b><\/a><span style=\"font-weight: 400;\"> include<\/span><b> monthly <\/b><a href=\"https:\/\/blog.foreigners.cz\/minor-repairs-in-a-rented-apartment-detailed-description\/\" target=\"_blank\" rel=\"noopener\"><b>maintenance<\/b><\/a><span style=\"font-weight: 400;\"> charges, <\/span><b>ATM withdrawal<\/b><span style=\"font-weight: 400;\"> fees, <\/span><b>international transaction<\/b><span style=\"font-weight: 400;\"> fees, and<\/span><b> currency conversion<\/b><span style=\"font-weight: 400;\"> fees.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When <\/span><b>certain conditions are met<\/b><span style=\"font-weight: 400;\"> (number of standing orders, card payments, etc.), you can earn a free account for that specific month.<\/span><\/p>\n<p><a href=\"https:\/\/blog.foreigners.cz\/minor-repairs-in-a-rented-apartment-detailed-description\/\" target=\"_blank\" rel=\"noopener\"><b>For students<\/b><\/a><span style=\"font-weight: 400;\">, there are <\/span><b>reduced fees<\/b><span style=\"font-weight: 400;\"> and even<\/span><b> free basic accounts<\/b><span style=\"font-weight: 400;\"> up t<\/span><b>o 26 years of age<\/b><span style=\"font-weight: 400;\">. Be aware that in some banks you need to provide a <\/span><b>confirmation of your student status<\/b><span style=\"font-weight: 400;\"> every year.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-28041 aligncenter\" src=\"https:\/\/blog.foreigners.cz\/wp-content\/uploads\/2023\/07\/snimka-obrazovky-2023-07-20-101722-520x323.jpg\" alt=\"\" width=\"520\" height=\"323\" srcset=\"https:\/\/blog.foreigners.cz\/wp-content\/uploads\/2023\/07\/snimka-obrazovky-2023-07-20-101722-520x323.jpg 520w, https:\/\/blog.foreigners.cz\/wp-content\/uploads\/2023\/07\/snimka-obrazovky-2023-07-20-101722-300x187.jpg 300w, https:\/\/blog.foreigners.cz\/wp-content\/uploads\/2023\/07\/snimka-obrazovky-2023-07-20-101722-768x478.jpg 768w, https:\/\/blog.foreigners.cz\/wp-content\/uploads\/2023\/07\/snimka-obrazovky-2023-07-20-101722.jpg 1082w\" sizes=\"(max-width: 520px) 100vw, 520px\" \/><\/p>\n<p style=\"text-align: center;\"><i><span style=\"font-weight: 400;\">Check for ATM-withdrawal fees.<\/span><\/i><\/p>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-weight: 400;\">Documentation requirements<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">To open a bank account in <\/span><a href=\"https:\/\/blog.foreigners.cz\/register-after-entering-czech-republic\/\" target=\"_blank\" rel=\"noopener\"><b>the Czech Republic<\/b><\/a><span style=\"font-weight: 400;\"> as a foreigner, you must provide specific <\/span><a href=\"https:\/\/blog.foreigners.cz\/temporary-protection-sufferance-visa-extensions\/\" target=\"_blank\" rel=\"noopener\"><b>documentation<\/b><\/a><span style=\"font-weight: 400;\">. The standard requirements include:<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><b>valid passport<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">another type of <\/span><b>identification<\/b><span style=\"font-weight: 400;\"> (can be your national ID, driver&#8217;s license, birth certificate, etc.)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">visa or <\/span><a href=\"https:\/\/www.foreigners.cz\/residence-permit?file=residence-permit\" target=\"_blank\" rel=\"noopener\"><b>residence permit<\/b><\/a><span style=\"font-weight: 400;\"> (for non-EU citizens)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>study certificate<\/b><span style=\"font-weight: 400;\"> (for students)<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Some banks might require a <\/span><b>minimum deposit<\/b><span style=\"font-weight: 400;\"> to be able to open a new account. It can<\/span><b> range from 200 to 2,000 CZK<\/b><span style=\"font-weight: 400;\">. Ask about the deposit in advance.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Choose a bank that <\/span><b>meets your requirements<\/b><span style=\"font-weight: 400;\">, ensure you have the <\/span><b>necessary paperwork<\/b><span style=\"font-weight: 400;\">, and be prepared to <\/span><b>communicate effectively<\/b><span style=\"font-weight: 400;\">. Most <\/span><b>bankers speak English<\/b><span style=\"font-weight: 400;\">, so do not hesitate to ask for one.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Check out our category <\/span><a href=\"https:\/\/blog.foreigners.cz\/category\/practical-tips\/\" target=\"_blank\" rel=\"noopener\"><b>Practical tips for expats<\/b><\/a> <span style=\"font-weight: 400;\">and <\/span><a href=\"https:\/\/blog.foreigners.cz\/category\/living\/\" target=\"_blank\" rel=\"noopener\"><b>Living <\/b><\/a><span style=\"font-weight: 400;\">for more information and tips to make your life in <\/span><b>Czechia <\/b><span style=\"font-weight: 400;\">easier. Do you prefer professional assistance? Do not hesitate to <\/span><b>contact us<\/b><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/www.foreigners.cz\/bank-account?file=bank-account\" target=\"_blank\" rel=\"noopener\"><b>open a bank account<\/b><\/a><span style=\"font-weight: 400;\"> with Foreigners. We are here to <\/span><b>help<\/b><span style=\"font-weight: 400;\">!<\/span><\/p>\n<p><b>Image sources: <\/b><a href=\"https:\/\/www.pexels.com\/sk-sk\/photo\/peniaze-fondy-mince-financie-1602726\/\" target=\"_blank\" rel=\"noopener\"><b>pexels.com<\/b><\/a><b>, <\/b><a href=\"https:\/\/unsplash.com\/photos\/utWyPB8_FU8\" target=\"_blank\" rel=\"noopener\"><b>unsplashed.com<\/b><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>#LifeInCzechia Relocating to another country involves managing a lot of practical tasks. Apart from finding a new home and getting a Czech phone number, it is also opening a new bank account. Keep reading to learn about specifications and requirements for foreigners.<\/p>\n","protected":false},"author":84,"featured_media":28039,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[156,1166,1216],"tags":[488,1176,1907,158],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/blog.foreigners.cz\/wp-json\/wp\/v2\/posts\/28038"}],"collection":[{"href":"https:\/\/blog.foreigners.cz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.foreigners.cz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.foreigners.cz\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.foreigners.cz\/wp-json\/wp\/v2\/comments?post=28038"}],"version-history":[{"count":2,"href":"https:\/\/blog.foreigners.cz\/wp-json\/wp\/v2\/posts\/28038\/revisions"}],"predecessor-version":[{"id":28044,"href":"https:\/\/blog.foreigners.cz\/wp-json\/wp\/v2\/posts\/28038\/revisions\/28044"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.foreigners.cz\/wp-json\/wp\/v2\/media\/28039"}],"wp:attachment":[{"href":"https:\/\/blog.foreigners.cz\/wp-json\/wp\/v2\/media?parent=28038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.foreigners.cz\/wp-json\/wp\/v2\/categories?post=28038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.foreigners.cz\/wp-json\/wp\/v2\/tags?post=28038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}