Bank account in Czech

[MrDeiz]

I'm going to open a bank account in Czech, please suggest me a good one

those are some demands i got:
- non EU-residents accepted;
- adult friendly (i'm going to use it for program payouts i get as a webmaster);
- online banking;
- trusted bank.

Also would be very grateful for the tips and any useful information regarding opening account and all related stuff.

Btw check this thread out https://gfy.com/fucking-around-and-business-discussion/1015023-wien-gfyers-praha.html ;)

[MaDalton]

we use KB but all czech banks rape you regarding fees - it's ridiculus

but they have no problem with what we do

cant say anything about non eu residents though

[dr. Gonzo]

http://www.expats.cz/prague/article/...s-2011-update/

[MrDeiz]

i was told to go with Raiffeisen btw

[Sebastano Perero]

Счёт в банке Чехии

[Kiopa_Matt]

I'd never do banking within the Czech Republic again, stupid cunts. I ended up living in Prague for a few months back in the day, so opened an account with CSOB (think that's the name), and had money sent into it.

End up moving back to Canada though, and sure enough, my ATM card no longer works the day I get to Canada. Contact the bank explaining I'm in Canada now, and need that ATM activated. They give me the excuse my card has been deactivated due to inactivity, which was bullshit, considering I just used it a few weeks beforehand.

So I ask if I can transfer my funds out, and they say sure, just sign and fax this form with proper photo ID. I do that, and they reply saying my account is now closed, but I can get my money back if I visit the branch again in person. It was only about $1700, so obviously not worth a trip to Prague, and they knew I wouldn't go.

Fucken thieves... hope my account manager had a nice holiday on my expense.

[Sid70]

local ( CZ ) address and phone are required.

[Chezter]

Our banks are probably all fucking thieves...

[TeenCat]

do not open bank account in czech republic ... /thread closed

[{Psycho}]

Why not get paid directly to ur bank a/c

Want to avoid tax in this way ??

[MrDeiz]

Originally Posted by Kiopa_Matt

I'd never do banking within the Czech Republic again, stupid cunts. I ended up living in Prague for a few months back in the day, so opened an account with CSOB (think that's the name), and had money sent into it.

End up moving back to Canada though, and sure enough, my ATM card no longer works the day I get to Canada. Contact the bank explaining I'm in Canada now, and need that ATM activated. They give me the excuse my card has been deactivated due to inactivity, which was bullshit, considering I just used it a few weeks beforehand.

So I ask if I can transfer my funds out, and they say sure, just sign and fax this form with proper photo ID. I do that, and they reply saying my account is now closed, but I can get my money back if I visit the branch again in person. It was only about $1700, so obviously not worth a trip to Prague, and they knew I wouldn't go.

Fucken thieves... hope my account manager had a nice holiday on my expense.

wow. that sounds crazy

[MrDeiz]

Originally Posted by TeenCat

do not open bank account in czech republic ... /thread closed

any other country where it's that easy to do so?

[DamianJ]

Ask Paul Markham's wife.

[Jack Sparrow]

Tax evading now?

[Klen]

http://www.gemoney.cz/ge/cz/1

[Zyber]

Originally Posted by daizzzy

i was told to go with Raiffeisen btw

I have tried being a client there. Once I had deposited 2 cheques there, and later saw on my account statement that 1000 Kc had been charged. First I thought a mistake had occured so I contacted the bank, but they said it was just their fee. Without notice they had overnight increased their cheque cashing fee from 50 Kc to 500 Kc! Per cheque.
After that dirty move I went in and closed down the account.

[MrDeiz]

Originally Posted by KlenTelaris

http://www.gemoney.cz/ge/cz/1

thx that http://www.gemoney.cz/ge/en/1 looks quite interesting. going to make a call later today

[Zyber]

Originally Posted by Jack Sparrow

Tax evading now?

LOL, since when has CZ been a tax haven?

[k0nr4d]

I dunno about in cz but in poland raifessein sucks balls (online banking almost never worked, etc). Deutschebank allows non-eu clients. So does Erstebank

[MrDeiz]

Originally Posted by k0nr4d

Deutschebank allows non-eu clients. So does Erstebank

are you meaning czech branches? or any eu country is ok?

[CarlosTheGaucho]

Not sure if Czech is the best solution.

I'd say it's like the most expensive banking system in Europe (if not in the world) and I'm quite serious.

The structure and amount of fees with every bank statement is quite ridiculous.

If you needed to use ATM I suppose you can do so quite conveniently with any bank that's a member of the Erste Group all over the Europe - as is the biggest bank in Czech Rep http://www.csas.cz/

[TeenCat]

Originally Posted by daizzzy

any other country where it's that easy to do so?

someone mentioned ge, i am with them and no problems so far, but as always fees sucks here. and if you want open bank account in other country, master x is good source of informations i think

[lagcam]

Lot of mention of expensive charges but not details.

Can anyone give some examples?

[3xmedia]

that sounds like a pretty stupid idea to me

[Paul Markham]

Originally Posted by DamianJ

Ask Paul Markham's wife.

We don't have any bank accounts or credit cards. Because we don't have any money.

Bank charges are negotiable depending on how much you have in them. Just a cost of doing business.

[Klen]

Originally Posted by CarlosTheGaucho

Not sure if Czech is the best solution.

I'd say it's like the most expensive banking system in Europe (if not in the world) and I'm quite serious.

The structure and amount of fees with every bank statement is quite ridiculous.

If you needed to use ATM I suppose you can do so quite conveniently with any bank that's a member of the Erste Group all over the Europe - as is the biggest bank in Czech Rep http://www.csas.cz/

It is true how almost all bank have mandatory monthly fee which is irritating if you just want to open account for easier business(for example you receive payment from CZ and want to receive money faster then over international wire)but still much cheaper then many other countries like Austria,Holland,Uk etc...Also ceska sporitelna indeed have very good exchange rate on ATM's,but when it comes to accounts it cost 500 czk monthly maintenance which is more then anywhere else.

[djroof]

try MoneyBookers mate ;)

[CarlosTheGaucho]

Originally Posted by lagcam

Lot of mention of expensive charges but not details.

Can anyone give some examples?

You basically get charged small fees for just about everything.

Sending money, receiving money, monthly fee for owning an account, monthly fee for any services to go with the account (such as text messages once the account balance changes etc.), charges for the statements that you receive by post every month (which is quite useless but you can't opt out since very few banks enable to receive e-statements only), you also might get screwed on exchange rate or additional fees if you receive wire from abroad in another currency (getting a check and depositing was cheaper in case of USD last time I checked) etc.

They used to charge even for depositing money, now they charge only if the deposit is done by somebody else then the account holder ($2.50), besides ATM fees which are about $2 if you don't use an ATM belonging directly to your bank (which is cheaper, about 40p) you even get charged a small fee for things like checking your account balance through ATM with some banks etc.

Then there are also various annual fees etc. it's quite complex.

Not to mention they frequently change their fees structure and conditions so you can easily get hit by additional or higher charges than usual without any explicit notice unless you keep an eye on that thoroughly.

If you have an account that is busy it can rack up to quite an interesting sum, especially if you take the effort and put all the fees together over a year.

I remember I read the local banks get as much as 56 pct. of their revenue from fees, which must be quite unique on a worldwide level.

[MrDeiz]

Originally Posted by CarlosTheGaucho

You basically get charged small fees for just about everything.

Sending money, receiving money, monthly fee for owning an account, monthly fee for any services to go with the account (such as text messages once the account balance changes etc.), charges for the statements that you receive by post every month (which is quite useless but you can't opt out since very few banks enable to receive e-statements only), you also might get screwed on exchange rate or additional fees if you receive wire from abroad in another currency (getting a check and depositing was cheaper in case of USD last time I checked) etc.

They used to charge even for depositing money, now they charge only if the deposit is done by somebody else then the account holder ($2.50), besides ATM fees which are about $2 if you don't use an ATM belonging directly to your bank (which is cheaper, about 40p) you even get charged a small fee for things like checking your account balance through ATM with some banks etc.

Then there are also various annual fees etc. it's quite complex.

Not to mention they frequently change their fees structure and conditions so you can easily get hit by additional or higher charges than usual without any explicit notice unless you keep an eye on that thoroughly.

If you have an account that is busy it can rack up to quite an interesting sum, especially if you take the effort and put all the fees together over a year.

I remember I read the local banks get as much as 56 pct. of their revenue from fees, which must be quite unique on a worldwide level.

what bank do you use, btw?

[CarlosTheGaucho]

Originally Posted by daizzzy

what bank do you use, btw?

I'm using www.mbank.cz for everything local, not sure what their policy is regarding foreigners, for some things like depositing checks I use www.csas.cz which is expensive but somehow reliable with ATM's just about everywhere.

[Lilit]

rb.cz eKonto

CC reliable in ATMs worldwide
No monthly account maintenance fees if X amount a month goes through the account (incoming transfers)
Decent wire fees

[ladida]

Should go to austria for banking.

Almost all EU banks should have a non resident account, so that should be no problem. The fees are another thing tho.