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Open a Bank Account in Czech Republic
$850.00
Our banking connection in the Czech Republic welcomes foreign-owned EU companies, foreign companies, and offshore companies, including trust structures and foundations, to open bank accounts in CZK, EUR, GBP, USD, and RUB. Our bank also offers internet banking, payment cards, trade finance services, investment products, among others. There are no minimum initial deposit or ongoing balance requirements.
The Czech Republic is part of the Single Euro Payments Area and provides International Bank Account Numbers (IBAN), meaning that businesses and individuals banking in the Czech Republic may enjoy low fees and fast settlement on transactions within the European Union.
Our bank in the Czech Republic is an option to consider for foreign-owned EU, non-EU and offshore companies that wish to deal in EUR, and access EU banking services to do business within the EU.
We can help you open business accounts in the Czech Republic. Accounts are available for both resident and non-resident companies. We invite you to carefully review their requirements and services to better understand if their banking services meet your needs.
Our banking support service is not just a mere introduction to the bank. We assist you in filling out the business questionnaires appropriately and help you understand and provide business details, commercial information and purpose/use of the bank account that a given bank wants to know in order to approve your account application. Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal ‘back and forth’ and a smooth account opening process.
Czech Republic Bank (ExpoBank)
Account Details
| Eligibility | Local and Foreign Companies |
| Account type and Currency | Corporate Current Account (CZK, EUR, USD, GBP or RUB) |
| Minimum Initial Deposit | N/A, but a minimum of 3-5Mio EUR turnover p.a. is required |
| Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | N/A |
| Online Banking | Internet Banking (Web) |
| Cards (Currency) | Mastercard Standard (EUR, USD, CZK) Mastercard Gold (EUR, USD, CZK) |
| Other Services | Trade Finance Investment Products Payroll Services |
A business connection to the Czech Republic is required, for example in the form of local clients, suppliers, partners to justify the reason for account opening. There are no specific restricted jurisdictions other than those that face international sanctions. Foreign companies engaging in high-risk businesses and/or conducting an activity which is regulated in the EU (such as Money transmitter or Forex trading) are not eligible.
- Business Account
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Account Details
Eligibility Local and Foreign Companies Account type and Currency Corporate Current Account (CZK, EUR, USD, GBP or RUB) Minimum Initial Deposit N/A, but a minimum of 3-5Mio EUR turnover p.a. is required Minimum Monthly Average Balance (To Avoid Fall-Below Fee) N/A Online Banking Internet Banking (Web) Cards (Currency) Mastercard Standard (EUR, USD, CZK)
Mastercard Gold (EUR, USD, CZK)Other Services Trade Finance
Investment Products
Payroll ServicesA business connection to the Czech Republic is required, for example in the form of local clients, suppliers, partners to justify the reason for account opening. There are no specific restricted jurisdictions other than those that face international sanctions. Foreign companies engaging in high-risk businesses and/or conducting an activity which is regulated in the EU (such as Money transmitter or Forex trading) are not eligible.
Our banking support services include introductions to payment processors and merchant accounts to better support our e-commerce clients. Whether you just need standard credit card processing or specialized services for high-risk processing, we are happy to help you with introductions that can empower your business.
Bank Account opening requirements are subject to change at the discretion of the bank. There might be additional fees charged by the bank itself. Bank account opening is not guaranteed and is subject to the bank policies and compliance department. There might be restrictions on UBO nationalities, business activities and/or jurisdictions. A refund is guaranteed if the account is not successfully opened, but a 15% administrative fee applies.