Banking












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            * Opening a current account
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            All Czech banks are required to provide basic payment accounts to all persons over 18 year

            legally approved residence in the European Union.

            The situation for banks differs depending or whether a foreign national comes from the Eur

            not. EU foreign nationals must usually show a valid identification document issued in the 
            or a passport, and as a second document, similar to Czech citizens, a birth certificate, d
            or residence permit issued by the Czech Ministry of the Interior. For foreign nationals fr

            outside the EU, a passport is required as the main document and secondary documents are si
            foreign nationals. Banks always prefer photo IDs.

            List of banks:

            • Air Bank [ URL "https://www.airbank.cz/"]

            • Česká spořitelna [ URL "https://www.csas.cz/en/personal-finance"]
            • Citibank [ URL "https://www.citibank.com/icg/sa/emea/czech/english/"]
            • ČSOB [ URL "https://www.csob.cz/portal/people"]

            • Equa Bank [ URL "https://www.equabank.cz/en"]
            • Expobank [ URL "https://www.expobank.cz/en"]
            • Fio Bank [ URL "https://www.fio.cz/"]

            • Moneta [ URL "https://www.moneta.cz/web/en"]
            • KB (Komerční banka) [ URL "https://www.kb.cz/en"]
            • Raiffeisenbank [ URL "https://www.rb.cz/en"]

            • Sberbank [ URL "https://www.sberbank.cz/en/?sc_lang=en"]
            • UniCredit Bank [ URL "https://www.unicreditbank.cz/en/obcane.html#home"]






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            * Foreign bank transfers
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            Foreign payment transfers take two to seven days to complete. Most banks offer the option 
            transfers where the money is credited to the recipient’s account one business day after th
            not forget that banks charge fees for foreign payments.






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            * Currency

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            The legal tender of the Czech Republic is the Czech crown (koruna – CZK). The following ba
            are in circulation:


            Banknotes: 100; 200; 500; 1 000; 2 000; 5 000
            Coins:1, 2, 5, 10, 20 and 50


            Some businesses and restaurants in the centre of Prague accept payments in euros, but most
            unfavourable exchange rate.









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            * The most commonly used payment methods
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            • cash
            • debit card
            • credit card

            • traveller’s cheques are normally not used as a payment method in the Czech Republic