Hey, fellow Erasmus students! 🌍 Managing your money while studying abroad is crucial, and opening a bank account in the Czech Republic is easier than you think – it’s as simple as ordering pizza! 🍕
What You Need:
To kickstart your money-saving journey, you only need two things: your passport and another ID (like a driver’s license). Seriously, that’s it! And don’t forget your ISIC card (the one from your Czech University) – it’s your magic key to open a Student Bank account right away. ✨
Oh, and you’ll need to put a bit of money into your account, but it’s not a fee, just a starting deposit. The amount can vary, but 200 CZK (around 7.2 Euros) is the most common.
Watch Out for Monthly Costs:
Here’s the deal: unlike banks in many other places in Europe, Czech banks often charge a fixed monthly fee and fees for different transactions. So, as a smart student, opening a bank account can help you avoid unexpected costs on your bank statement. Money in your pocket! 💰
Choosing the Right Bank:
Now, let’s talk choices. Prague has many banks, each with its own advantages and disadvantages. But here’s a tip – it can be easier if you go to branches in the city center. Simple!
And guess what? We’ve got two great options for student accounts:
-
Komerční Bank – KB:
- Product Name: Package G2.2 + MojeBanka (Internet Banking)
- Account Benefits:
- Free account management and internet banking
- No fees for money coming in
- 19 CZK for money going out (with a 50% discount for e-payments and Mobile Banking)
- No charge for using your credit card
- 4 CZK for statements (if electronic)
- 200 CZK per year for cards (about 17 CZK per month)
Extra Goodies:
- Get +333 CZK in September just by using your card at an ATM or for topping up your mobile.
- Have an ISIC card? You’ll get an extra CZK 200 – just show it to the bank when you open your account.
More Info: KB Student Account
-
ČSOB – Československá Obchodní Banka:
- Product Name: Student Account Plus + Internet Banking 24
- Account Benefits:
- Free account management and internet banking
- No fees for money coming in
- No charge for money going out
- Free credit card use
- Free statements (if electronic)
- Cards are totally free for students
More Info: ČSOB Student Account Plus
Final Thoughts:
Out of all the banks in the Czech Republic, we recommend Komercni Banka (KB) and ČSOB for being easy and efficient. And as a bonus tip, remember to close your bank account if you’re leaving the country after your studies. Happy banking, and enjoy your time in the Czech Republic! 🤑🌟
