How does a Raiffeisenbank euro account work in the Czech Republic? A clear summary
Are you looking for a euro account and wondering if Raiffeisenbank offers one? Find out more about the Raiffeisenbank euro account and what the fees are.
ČSOB euro account in the Czech Republic: Fees, options, and opening
Are you considering opening a euro account with ČSOB? It's a good option if you receive your salary in euros or travel abroad often. Today, we'll explore the euro account that ČSOB offers, its costs, features, and how you can open one.
We're also introducing the Wise account which allows you to have local account details in 9+ currencies, including EUR, USD, and GBP — all in one place. You can convert your money at the mid-market rate, and we'll show you the fees upfront.
Open your Wise account
for free 🚀
Does ČSOB offer a euro account?
ČSOB does have foreign currency accounts for its clients. You can open one not only in EUR but also in USD, GBP, CHF, and CAD. The monthly fee for managing the account is 25 CZK, with the first two months being free. It's essentially a standard ČSOB current account, but in different currencies.²
Business clients are also catered for at ČSOB. A foreign currency account for businesses costs 80 CZK per month.⁵ If you're involved in export and import activities, ČSOB offers you more benefits. You can even get advice on spot operations.⁶
ČSOB euro account – fees
Let's take a closer look at the ČSOB euro account. The table below compares key factors with the multi-currency account from Wise.
| ČSOB | Wise | |
|---|---|---|
| Account type | Foreign currency current account¹ | Multi-currency account |
| Available currencies | 5² | 40+ |
| Opening costs | 0 CZK¹ | 0 CZK |
| Management fees | 25 CZK per month¹ | 0 CZK per month |
| Option to open account online | Yes² | Yes |
| Transfer of 20,000 CZK to EUR | 804.408 EUR³ | 825.99 EUR |
| Exchange rate | ČSOB rate with a markup³ | Mid-market rate. Similar to the one you find on Google. |
Yes, 25 CZK per month is a very reasonable fee. However, if you plan to use the account extensively and want to send and receive payments, be prepared for additional fees. Here's a breakdown of outgoing payment costs:
| Outgoing payments | Electronic submission | In-person submission |
|---|---|---|
| Outgoing SEPA payment | 6 CZK¹ | 6 CZK + 144 CZK¹ |
| Other outgoing international payment | 1%, min. 250 CZK, max. 1,500 CZK¹ | 1%, min. 250 CZK, max. 1,500 CZK + 144 CZK¹ |
Incoming payment fees are summarized in the table below.
| Incoming payments | |
|---|---|
| Incoming SEPA payment | 0 CZK⁴ |
| Incoming payment from a ČSOB account in the Czech Republic and Slovakia | 6 CZK⁴ |
| Other incoming international payments | 1%, min. 150 CZK, max. 1,000 CZK⁴ |
Finally, here are the fees for commonly used transactions.
| Service | |
|---|---|
| Setting up a standing order abroad electronically | 0 CZK¹ |
| Setting up a standing order abroad at a branch | 150 CZK¹ |
| Outgoing payment based on SEPA direct debit | 6 CZK¹ |
Exchange rate fees
Now, scroll back up to the first comparison. How is it possible that when transferring 20,000 CZK, you receive a different amount in euros with ČSOB compared to Wise?
The reason is the mid-market rate. This is the rate similar to the one you'll find on Google. Other banks only use it for transactions among themselves. They typically add a markup of 2%–4% for clients, which in this case results in a difference of over 20 EUR.
ČSOB euro account – cash withdrawals
Imagine this scenario: You've opened a euro account with ČSOB, transferred your money, and headed off on vacation with peace of mind. However, in many local shops, cards aren't accepted, and you need cash. You go to the nearest ATM to withdraw some. How much will this cost you?
If the ATM is operated by a bank belonging to the KBC Group, which ČSOB is part of, it will cost you 5 CZK. Besides ČSOB in Slovakia, this group includes KBC Brussels and CBC in Belgium, K&H Hungary in Hungary, and UBB Bulgaria in Bulgaria.
If the ATM is operated by a completely different bank, but it's still located within the EU or its contractual states – Switzerland, Monaco, Andorra, and Vatican City – you'll pay 40 CZK. If you withdraw cash outside the EU and the aforementioned 4 countries, prepare for a flat fee of 100 CZK.
You can also withdraw cash at a ČSOB branch. This will cost you 150 CZK. Plus, you will pay an extra 1% of the withdrawn amount if you want cash in a currency other than the one your account is held in.¹
Open a Wise multi-currency account in minutes
Would you like to hold multiple currencies in one place or always pay with the mid-market rate and minimal fees? Open a Wise account.
Open your Wise account for free, quickly and easily. All you'll need is your ID and a mobile device – there's no need to visit a bank office.
With the Wise Account you can:
- Hold 40+ currencies and convert between them at the mid-market rate. We will show our conversion fees upfront
- Get local account details in up to 9 currencies, including EUR, GBP, and USD
- Receive balance cashback on EUR, GBP and USD held in your account
- Order a Wise debit card which you can use with our Smart Conversion technology
- Set up Auto Conversions based on your desired rate in the Wise app or use our Wise Rate Tracker to request exchange rate notifications directly to your email
- Create Wise virtual cards, and save on online shopping
- Get instant notifications of all your transactions via the Wise app. If you lose your card, you can easily cancel it in the app to keep your money safe
Open your Wise account
for free 🚀
What does the ČSOB euro account offer?
The ČSOB euro account provides essential services that can be useful when you're abroad. You can use it to send payments for accommodation or transfer money in euros. You can manage it through online banking or the ČSOB Smart app.
You'll get one debit card for free with the account. Any additional cards will incur a charge. A standard Visa Classic or Debit MasterCard with ČSOB costs 45 CZK per month.⁴
How to open a ČSOB euro account?
You can easily open a euro account with ČSOB online.² Alternatively, you can visit a branch in person. Remember to bring your ID card; you won't need anything else. You'll receive your account number and internet banking login details on the spot. Your card will arrive by mail within 10 days. You do need to request it, though.
Let's summarize. With ČSOB, you can open an account not only in euros but also in four other foreign currencies. It comes at a reasonable monthly fee of 25 CZK. However, you need to account for additional fees for receiving and sending payments and for an exchange rate that isn't the mid-market rate. You don't have to visit a branch to open the account; you can do it online.
Do you want a fast foreign currency account that can hold more than 40+ currencies and that you can open online? Try Wise!
Sources:
- ČSOB – Foreign Currency Current Account – Fee Information Statement
- ČSOB – Foreign Currency Current Account
- ČSOB – Exchange Rate List
- ČSOB Fee Schedule for Individuals
- ČSOB – Fee Schedule for Legal Entities and Individuals – Entrepreneurs, page 4
- ČSOB – Entrepreneurs and Companies - Export and Import
Sources checked on 2/24/2026.
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
Money without borders
Find out more
What is a Fio banka euro account like? A complete overview
Do you want to open a euro account? Fio banka offers an account in euros. See what you get with it, how to open one, and how much it costs.
Euro account Česká spořitelna: Fees, options, and opening
Does Česká spořitelna offer a euro account? Yes. Are you thinking about opening one? Read whether it's worth it for you, what it offers, and how to open one.
Does mBank have a euro account? mBank currency options and alternatives on the Czech market
It is not yet possible to open a euro account with mBank. Can you make euro payments from a CZK account? What is the exchange rate and fees for payments in EUR?
