Czech Bank Account
Opening a student bank account in the Czech Republic should be a fairly straightforward task with no special limitations. Majority of the banks provide internet and mobile banking, as well as a debit card (VISA or MasterCard) together with the bank account.
Student bank account offers some benefits that normal current accounts don’t, e.g. free account management, no excessive bank fees, bonuses etc.).
Given the current situation we recommend opening an account online, if possible. Otherwise, due to the possible language barrier, we recommend asking your Buddy to visit the bank branch with you, or visiting a branch located in the city center.
- Valid passport
- Another identification documents (e.g. national ID card or driver’s license)
- ISIC card issued by a Czech education institution
- Initial minimum deposit (varies from bank to bank, usually between CZK 200 and CZK 2 000)
There are many options on the Czech market. The decision is up to everyone depending on each one’s preferences. We recommend doing a research on each bank’s conditions beforehand.
Some institutions offer possibility to open a bank account online, or to begin the process of opening an account online. Usually, it is still necessary to visit the branch to finalize the process.
The table below shows a list of banking institutions offering Student accounts with a brief summary of their conditions and benefits.
|Institution||Product name||Conditions, services, benefits etc.|
|Česká spořitelna (ČS)||Account for Students||
|Komerční banka (KB)||G2 Student Account||
Account for Students and Children – Active account
|Youth account (Účet pro mladé – U konto)||
As a client you have a right to terminate a bank account contract. In general the notice period is 30 days but please inform yourself at the bank branch for detailed conditions of closing a bank account.
Bank account information needs to be filled in InSIS for the purpose of possible transferring of scholarship or any other financial grant. The bank account must be of a Czech financial institution.
Currency in which scholarship is paid is CZK.
Some of you might be familiar with a “Revolut” card. Unfortunately, we are not able to deposit money to the Revolut debit card, as we need a Czech bank connection to do so. Examples of Czech bank account number format are (last 4 digits indicate a bank’s code):
To be able to receive the financial support in November, you will need to upload your bank account number by October 15, 2020.
How to fill in the bank account in InSIS:
- My College –> Student’s portal –> Bank accounts
- Select Purpose of bank account: For benefit pay-out
- Fill in all information including the name and address of the bank account owner