Your Business Account in Czech Republic 🇨🇿

Q: Can a foreigner open a business bank account in the Czech Republic?

Yes, foreigners can generally open a business bank account in the Czech Republic provided their business has economic substance in the country. Specific requirements and procedures can differ across banks. It is advisable to contact the chosen bank directly for accurate information on their account opening process for foreigners.

Q: Is it easy to open a business bank account in the Czech Republic?

Opening a business account as a non-resident in the Czech Republic may be more challenging compared to opening an account as a resident. Be ready for some paperwork, in-person visits and compliance with bank procedures but is still possible. It's advisable to contact the bank directly for accurate information and assistance.

Q: What is needed to open a business bank account in the Czech Republic?

To open a business bank account in the Czech Republic, you typically need to provide identification documents, proof of business registration, company documents, proof of address, and sometimes additional information or references depending on the bank's requirements.

Q: Can I open a Czech business bank account online?

Yes, some banks in the Czech Republic offer digital account opening services, but procedures may vary and may still require in-person visits for activation. Check individual bank requirements for up-to-date information. However, you don't need a local Czech bank to start sending or collecting payments in CZK. Consider MultiPass multicurrency IBAN with fully online onboarding.

Open a business account to operate in Czech Republic with or without local presence. Get multicurrency IBAN to manage CZK, EUR, USD, GBP, and other currencies with ease.

Open account

A single solution to bank overseas

Be where your clients and partners are - With MultiPass multi-currency account do business with partners, clients and contractors both globally and in local markets. Hold, send & receive money in multiple currencies and convert only when needed, at great FX rates.

Within Czech Republic 🇨🇿

Account details:

IBAN (EU & global)

Currencies:

CZK

Supported payment networks:

SWIFT, CERTIS*

Delivery time:

0-1 business day

*Available upon request on a case by case basis

The rest of the world 🌍

Account details:

IBAN (EU & global)

Account number & Sort code (UK)

Account & Routing numbers (US)

Currencies:

EUR, GBP, USD & 30+ currencies

Supported payment networks:

SWIFT, SEPA, SEPA Instant, Faster Payments, ACH, Fedwire, 10+ local networks

Delivery time:

0-2 business days

Reliable & transparent banking, designed for international business

Worldwide transactions

Transact in 30+ currencies across 180 countries. Get your own dedicated IBAN and local UK, EU & US accounts. Make fast multi-currency payments globally via SWIFT or local payment networks.

Wholesale FX rates

Perform live FX and move money between your own accounts with ease. MultiPass gives you access to wholesale exchange rates that guarantee significant savings versus traditional banks.

Business cards

Handle your daily corporate expenses easily with your own virtual and plastic payment cards. Order and manage your cards 100% online from your MultiPass business account.

Dedicated support

No bots or automated replies!
A dedicated banking expert that understands your business nature with help you out with any questions and ensure smooth delivery or your payments.

Digital onboarding

Onboard and manage your account entirely online, wherever you are. Our team will guide you through the onboarding so that you can be up and running within days, not weeks.

Trusted service

MultiPass is a UK-based FCA-authorised EMI. MultiPass is part of the Dyninno Group, an international holding with over 19 years of experience in the global market.

How to send money to Czech Republic 🇨🇿 with MultiPass

Convert your currency to CZK

Save on FX vs traditional banks. Hold CZK in your account and avoid unnecessary conversions.

Choose recipient in Czech Republic

Make a payment to their IBAN

From 0.50 GBP per payment

Your beneficiary receives the exact amount, with no hidden FX charges along the way

Pricing

Account opening

29-450 GBP

Account maintenance

29-250 GBP/month

IBAN + local UK, US details issuing

Free

Please note that pricing may vary from case to case. For more information, visit the pricing page.

Get paid in the currency your clients are used to

free to 1 GBP

Share your multi-currency account details with your customers in the Czech Republic, allowing them to pay you in CZK.

Pay overseas staff cheaper & easier

from 0.50 GBP

Local payouts offer significant savings vs international SWIFT transfers, which is perfect for companies that regularly pay salaries to overseas contractors.