Czech EMI or Bank Account 2022 ?

[CaLViN]

Hello,
I have searched on the forum but not been able to find out any up-to-date information on Czech accounts.

Do you have any idea about Czech providers ? Are there any bank accounts or EMIs that provide IBAN in Czech Republic with Remote account opening ?

Last edited: Aug 16, 2022

 

[void]

All czech banks provide CZK and EUR (vast majority also USD) bank⁤ accounts with IBAN...
local EMIs are not any popular or used because there is simply⁣ no reason - you can have plenty of totally free personal accounts and banks are⁢ very relaxed compared to western countries

 

[Forester]

IIRC, M-banka and FIO banka were offering‍ a remote account opening some time ago; but I am afraid for Czech residents only.⁠ But especially M-bank is perhaps worth checking, it is a (very small) multinational so it⁤ might be possible to use (on-line) their branch in another country (depending of your residence)⁣ to obtain a Czech account. Otherwise, Intergiro can provide Czech IBAN (or, to be exact,⁢ a possibility to execute local payments in CZK) under some circumstances but I am unaware︀ of details. Similarly it might be posible with Zen or some another Lithuanian EMIs but︁ I definitely did not recall...
To the best of my knowledge, I am unaware of any Czech︃ EMI that offers personal IBANS. AFAIK, there are 2-3-4 offering payments processing but with shared︄ accounts. But IMO they are relatively popular with the businesses because of FX rates.
Correct.
It depends︅ on a particular bank but I would not use the word “very“. I do not︆ have a lot of personal experience with Czech banks in the last years but I︇ would say that for example KYC/AML burden is roughly the same (note that the vast︈ majority of Czech banks are just daughters of western banks).

 

[CaLViN]

I have just checked︆ https://www.mbank.cz/ but they dont have enlish language on their website which sounds like they dont︇ like foreigners ?

 

[void]

what is your nationality/residence and what do you want to achieve?

 

[CaLViN]

A friend of me(TURKISH citizen and resident) has a payment from a Tech company which‌ can only be paid to a Czech IBAN.
So we need a Czech IBAN to‍ receive payment.

 

[Sols]

Last I checked, Payment Execution (Payment Execution) issues Czech IBANs. No CZK, though.‌

High risk appetite. Turkish shouldn't be a problem.

 

[void]

from Czech account in CZK or different currency?⁠
how many figures?

 

[Forester]

... Really surprising. I re-checked it (in one browser, Mozilloid, only)‍ and it seems so.
AFAIK, they definitely are onboarding expats residing in Czechia. So it is really⁠ strange.
But generally it is IMO not so important now, see below.
If I understand correctly that it is just a one-time payment,⁢ I consider opening any account with CZ IBAN (so going through all the onboarding burden)︀ to be an overkill.
IMO, it is much more comfortable to hire a Czech lawyer︁ to cash this money based on the Power of Attorney and then forward it to︂ your friend. (Any Czech lawyer /advocate/ has a CZ IBAN account and is entitled to︃ accept money on behalf of his clients.)