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Opening a Bank Account in Czech Republic
The procedure for opening a bank account in the Czech Republic is relatively simple, fast, and accessible to both citizens and foreigners. The main difference lies in the documents required.
How to Open a Bank Account?
Numerous banks in the Czech Republic offer similar essential services, with differences in fees, payment methods, additional options, and bonus programs. A basic service package usually includes
- a contactless payment card,
- online and mobile banking,
- free cash withdrawals from ATMs within the bank's network and partners, and
- no fees on incoming transfers.
Czech banks are part of the stable European financial system. Banks generally require identification documents to open an account—such as a passport and sometimes a driver's license. Foreigners may also need to provide a residency permit, employment verification, and other documents. For Czech citizens, many banks offer the convenience of opening an online account.
