BANKS

There are many banks and foreign bank branches operating in the Czech Republic. Mostly dominated by foreign capital, the domestic banking sector is comparable to most similar-sized economies in Western Europe.

What is needed to open an account and how it works?

A bank account can only be opened by visiting one of bank branches.
The documents required to open a bank account are as follows: a valid passport and a permanent or temporary residence permit. If you are from the EU, the primary document can be your national ID card, passport or residence permit. If you are not from the EU, banks cannot accept a national ID card. Also, it is worth to mention that you will need to have a Czech phone number.
Everything is then active within 3 working days and the client receives his login details.

It is recommended taking someone who can translate to Czech and vice versa with you. It is important because all documents and terms and conditions are in Czech so if you want to be sure that you will understand everything clearly. It is also good to know that internet banking and mobile app are in Czech only at some banks (AirBank, mBank). For example Equabank, Raiffeisen Bank, Česká spořitelna, Komerční banka, ČSOB, Fio have an application in English.

Opening and using an account is usually completely free, just as using debit cards. Fees for individual services may vary from bank to bank.
If you have visa for one year only and you are staying longer, it is always necessary to bring new visa to the bank.
When opening an account, pay attention how your bank is able to communicate with you. Some banks still prefer to use regular post. This can cause problems if you are moving. It is important to report to the bank always your address where you are able to receive your post. However, most banks communicate with their clients through internet banking.
Be sure that you close your account when leaving the Czech Republic. If you pay some fees for the account, you can have soon debt.

All non-anonymous deposits made by natural persons and legal entities and held in Czech koruna or a foreign currency are insured in the Czech Republic.

The amount of compensation is calculated from the sum of the depositor’s insured deposits at the bank/credit union in question. Compensation amounting to 100% of this sum is provided, up to an equivalent of EUR 100,000 per depositor per bank/credit union.

The CNB is the central bank of the Czech Republic and It is the supervisor of the Czech financial market and the Czech resolution authority. It is established under the Constitution of the Czech Republic. More info can be found on the website of Czech National Bank (cnb.cz).

Banks branches in Hradec Králové:

Air Bank

Aupark Shopping Center

Gočárová 1754/48a

500 02 Hradec Králové

Working hours: Mo – Su, 09:00 – 20:00

www.airbank.cz

Moneta Money Bank

Dukelská třída 1713/7

500 02 Hradec Králové

Working hours: Mo – Fri, 09:00 – 17:00, Sat 09:00 – 14:00, Sun closed

Pobočka Hradec Králové, Dukelská třída 1713/7 | MONETA Money Bank

Komerční banka

Nám. Osvoboditelů 798

500 02 Hradec Králové

Working hours: Mo 9:00 – 12:00 13:00 – 18:00, Tue – Thur 09:00 – 12:00 13:00 – 17:00, Fri 08:00 – 12:00 13:00 – 15:00, Sat & Sun closed

pobočka Hradec Králové, nám. Osvoboditelů | Komerční banka (kb.cz)

Komerční banka

Čelakovského 642

500 02 Hradec Králové

Working hours: Mo 9:00 – 12:00 13:00 – 18:00, Tue – Thur 09:00 – 12:00 13:00 – 17:00, Fri 08:00 – 12:00 13:00 – 15:00, Sat & Sun closed

pobočka Hradec Králové, Čelakovského | Komerční banka (kb.cz)

ČSOB

Collinova 573

500 02 Hradec Králové

Working hours: Mo 08:00 – 11:30 12:30 – 17:00, Tue Mo 08:00 – 11:30 12:30 – 16:00 Wed 09:00 – 11:30 12:30 – 17:00 Thur 09:00 – 11:30 12:30 – 16:00 Fri 09:00 – 11:30 12:30 – 16:00 Sat & Sun closed

Pobočka Collinova 573, Hradec Králové | ČSOB (csob.cz)

Equa Bank

Gočárova tř. 549

500 02 Hradec Králové

Equa bank – Moderní banka bez poplatků a pro každého

Working hours: Mo – Fri 09:00 – 17:00

Hradec Králové – Equa bank

Fio Banka

Masarykovo nám. 6

500 02 Hradec Králové

Working hours: Mo – Thur 08:30 – 18:00, Fr 08:30 – 17:00

Fio | Fio banka