Banks in the Czech Republic
Czech Banks offer savings accounts and financial services for expatriates and entrepreneurs
Czech Republic banks are some of the best banks for Americans to use overseas. If you're an expatriate, or doing business for your company in Czechoslovakia, Czech banks, especially ones in Prague, offer a myriad of local and international services and most of the employees know some English.Banking in Czech Republic can be a lot easier than in nearby countries due to the artistic climate in cities like Prague and the number of expatriate Americans living there. There are many choices for international banking in Czech Republic, with the Czech National Bank overseeing and regulating it all. Consider the following when looking for Czech Republic banks:
1. How long you'll be in the Czech Republic and what your personal and financial goals will be
2. The amount of money you’ll need to transfer to America or other countries. Some banks in Czech Republic are strictly for business and commercial accounts while others offer both business and personal banking
3. Whether you'll need global central banks in Czech Republic to cover worldwide transactions
Visit Czech banks that have a definite international presence
The Czech Republic provides a hotbed of activities for international businesses and artsy young Czechs. It's fairly easy to find a bank that has branches in other countries, including the United States.
Try: Contact Citibank if you’re new to the international banking scene for both business and personal banking and the same services available in the U.S. Use ABN AMRO for their worldwide payment and investing services.
Look for smaller Czech banks for personalized service
Some smaller banks in the Czech Republic still offer the same options as an international bank in Czech Republic but with a less hectic atmosphere. If you prefer a quieter banking experience, consider a Czech owned bank.
Try: Call CSOB, which has full service banking with personal and business accounts, housing loans, currency exchange, online banking and an English language version of their website. Use J & T Bank for everything from individual accounts to real estate and corporate investments.
Choose banks in Czech with expatriate services
Since many Americans (and Europeans) relocate to or do business in the Czech Republic, many financial institutions cater to this segment of the population.
Try: Ceská Sporitelna caters to English, French and German speaking expats and has a special service center for them and copious branches and ATMs in Prague and other highly populated regions. Find a UniCredit Bank branch for great rates and a Komfort package with no transaction fees. They even have special services for freelancers.
- Since the Czech Republic has many English speaking residents and expats, finding a bank teller or rep you can communicate with will be easy. Consider Czech banks in busy areas of Prague if you're not familiar with banking in foreign countries.
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