The Essential First Step for Moving to the Czech Republic
If you are a foreigner moving to Prague, learning how to open a bank account in the Czech republic is one of the most important steps when settling in. A local account allows you to receive your salary, pay rent, manage taxes, and avoid high foreign transaction fees.
But which Czech bank is best for you? Below, we compare some of the most popular options and explain what you should know before choosing.
Air Bank
Air Bank is a modern, digital-first bank known for its transparent pricing and easy-to-use online services. It is especially popular among younger people in the Czech Republic due to its strong mobile banking experience.
What foreigners should know:
- EU citizens: Usually only two digital IDs are required to open an account.
- Language: The application process and in-branch communication are in Czech.
- Mobile app: Available only in Czech, which may be challenging for non-speakers.
- Advantages: Modern online banking, competitive fees, user-friendly design.
- Downside: Language barrier — you may need a Czech-speaking friend or translator.
Best for: EU citizens who are comfortable with Czech or have help with translation.
ČSOB (Československá obchodní banka)
ČSOB is one of the largest and most established banks in the Czech Republic, offering a wide network of branches and ATMs across the country.
What foreigners should know:
- Mobile app: Available in English, making everyday banking much easier.
- Documentation: Non-EU citizens may need a passport, residence permit, and proof of address.
- Advantages: English support in some branches, broad range of services (accounts, loans, insurance).
- Downside: Slightly higher fees compared to digital banks and possible additional paperwork.
Česká spořitelna
As the largest bank in the Czech Republic and part of the Erste Group, Česká spořitelna is widely regarded as one of the most foreigner-friendly banks.
What foreigners should know:
- Mobile app: The George banking app is fully available in English.
- Documentation: Passport and proof of residence or address (requirements may vary by branch).
- Advantages: Extensive ATM and branch network, strong online banking, English-language services.
- Downside: Some fees may be higher compared to online-only banks.
Best for: Foreigners who value stability, English support, and easy access to branches and ATMs.
Final Thoughts
- If you’re looking for a low-cost, modern bank and are an EU citizen with access to translation help, Air Bank is a strong choice.
- If you prefer banking in English and want a wide branch network, ČSOB or Česká spořitelna are safer and more convenient options.
- Always bring your passport and residence permit (or digital IDs for EU citizens) when opening a bank account.
- Please note: A Czech SIM card is required to open an account with all of the banks mentioned above.
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