Banking in Czech Republic
Compare banks, fees, and find the best option for foreigners
💡 Tips for foreigners opening a bank account:
- Open Fio banka first — it's the easiest for foreigners. EU citizens at any branch; non-EU need passport + valid residence permit.
- You'll need a Czech address for most bank accounts — get your registration (přihlášení k pobytu) first
- Keep Revolut or Wise as a secondary account for international transfers — Czech banks charge high fees
- Most Czech banks require an in-person visit with your passport and residence permit
- Ask specifically about 'cizinecký účet' (foreigner account) — some banks have special packages
⚠️ Warning: Cryptocurrency Transactions & Czech Bank Accounts
- Czech banks actively monitor transfers to/from crypto exchanges (Binance, Coinbase, Kraken, etc.).
- Your account can be frozen or closed without warning if suspicious crypto-related activity is detected.
- Banks may demand explanation of the source of funds — failure to explain can result in a permanent account ban.
- If you trade crypto, consider using a dedicated account (e.g. Wise or Revolut) separate from your main Czech bank account.
- Czech law requires reporting crypto gains — consult a tax advisor if you have significant crypto income.
This information is for general guidance only and does not constitute financial advice. Always consult the bank directly for current terms, fees, and eligibility requirements.
Fio banka
Best for foreigners — free account, no monthly fee. EU citizens open at branch; non-EU need passport + residence permit in person.
Airbank
Very popular, great app. Free if you receive salary or make 3+ card payments/month (part of PPF group).
Česká spořitelna
Largest bank in CZ, good for mortgages and business
Komerční banka
Good for business banking, part of Société Générale group
Revolut
Great for international transfers and travel. Not a Czech bank but widely used
Wise (TransferWise)
Best for receiving money from abroad or sending money home
mBank
Digital banking app by Česká spořitelna — modern interface, English available in app. Free basic plan.