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.
What is a Fio banka euro account like? A complete overview
Frequent trips abroad aren't new to you. You receive income in euros. Or perhaps you simply want to diversify your savings. These are all reasons why you might consider opening a foreign currency account and are wondering if Fio banka offers one. Today, we'll explore Fio's euro account, its costs, features, and how to 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.
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Does Fio banka offer a euro account?
While it might not be immediately obvious on the Fio banka website, yes, Fio banka does offer a euro account. You can open a current account with Fio not only in CZK but also in EUR and 12 other currencies.² These include:
- AUD
- CAD
- DKK
- GBP
- HUF
- CHF
- JPY
- NOK
- PLN
- RUB
- SEK
- USD
The same applies to Fio banka business accounts. Entrepreneurs can set up and manage an account for free, and in the same currencies as everyone else.⁵
Fio banka euro account – fees
Free setup, free management. That's great, but what about other services? Let's take a look at the fees Fio charges for a foreign currency account. The first table provides a clear comparison of Fio account with Wise account multi-currency account.
| Fio banka | Wise | |
|---|---|---|
| Account type | Fio personal account in foreign currency² | Multi-currency payment account |
| Available currencies | 13 foreign currencies² | 40+ |
| Opening cost | 0 CZK¹ | 0 CZK |
| Management cost | 0 CZK¹ | 0 CZK |
| Ability to open account online | Yes² | Yes |
| Transfer of 20,000 CZK to EUR | 802 EUR³ | 825.50 EUR |
| Exchange rate | Fio banka's rate with a markup³ | Mid-market rate. Similar to the one you find on Google. |
For regular use, you'll want to send and receive payments from your foreign currency account. Find out how much it will cost you to send money.
| Outgoing payments | |
|---|---|
| Outgoing SEPA payment | 0 CZK¹ |
| Outgoing priority SEPA payment | 29 CZK¹ |
| Outgoing payment in EUR outside the EEA with OUR fee | 0.50%, min. 200 CZK, max. 1,250 CZK¹ |
| Outgoing payment in EUR outside the EEA with SHA or BEN fee | 200 CZK¹ |
| Other outgoing international payment with OUR fee | 500 CZK¹ |
| Other outgoing international payment with SHA or BEN fee | 200 CZK¹ |
What are the three-letter abbreviations? These refer to how fees are divided between parties.
- BEN: All fees are paid by the beneficiary.
- OUR: All fees are paid by the sender.
- SHA: Fifty-fifty, each party pays their bank's fees.¹
What about incoming payments? The fees are more straightforward and you can find the details in the table below.
| Incoming payments | |
|---|---|
| Incoming payment in EUR | 0 CZK¹ |
| Incoming payment in other currencies supported for account management | 100 CZK¹ |
| Incoming payment in any currency from an account managed within the Fio Financial Group | 0 CZK¹ |
Data valid at the time of article creation.
Exchange rate fees
Imagine you want to send euros to your Fio euro account, but first you need to convert them from Czech korunas. You send 20,000 CZK, how much will you receive?
Look to the first table for the answer. The amount is 802 EUR.³ How come you receive 825.50 EUR for the same transaction with Wise?
The answer is clear – you receive more with Wise thanks to the mid-market rate. This is the rate similar to the one you'll find on Google. Other banks usually don't offer it to their clients. They only use it for interbank transfers and charge customers an average markup of 2–4%.
Wise, however, uses the mid-market rate in all cases. The transfer happens for a small fee, which you'll see before sending money.
Fio banka euro account and cash withdrawals
You've opened a euro account with Fio, traveled abroad, and now you'd like to withdraw cash from an ATM. How much will you pay in fees?
It depends on which debit card you have. If you use a Visa card, you won't pay a penny for withdrawals. With MasterCard, it's a bit more complex. You can withdraw for free twice a month. Subsequent withdrawals will cost you 25 CZK. However, if you meet certain conditions, you can have 3 additional free withdrawals – you get an extra free withdrawal for every 160 EUR in card transactions made in the previous month. You can have up to five free withdrawals per month.¹
You can, of course, also withdraw at a bank, but only within the Czech Republic. For EUR withdrawals, expect a fee of 30 CZK if you withdraw more than 1,000 CZK; otherwise, the service is free. For CZK and USD withdrawals, you'll pay 0.5% of the amount, with a minimum of 75 CZK and a maximum of 250 CZK.¹
Open a Wise multi-currency account in minutes
Mid-market rate in all circumstances. Low and transparent fees. Online setup in minutes. What is it? 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 Fio banka euro account offer?
Fio banka euro account boasts these advantages:
- Internetbanking and Smartbanking
- Free payment card
- Free ATM withdrawals
- Unlimited permanent orders and direct debits
- Account number of your choice
How to open a euro account with Fio?
You can open a personal account online or via the mobile app.¹ Business clients will need to visit a branch in person.⁵
The online account opening process is very similar whether you use the SmartBanking app or go directly to the website.⁴ Follow these steps:
- Fill in your personal details
- Take photos of two identity documents
- Upload proof of your existing account with another bank
- Verify your identity with a selfie
- Choose your username and other necessary information
- Send a verification payment to your new account
- Done! Fio banka will also manage your euro account.
What to remember? You can open a euro account with Fio online, and its management will be completely free. You won't encounter high fees for ATM withdrawals either. If you're looking for the mid-market rate and a wider selection of currencies, you now know you can find them with Wise.
Sources:
- Fio banka – Price list of financial operations and services for individuals and legal entities
- Fio banka – Personal account
- Fio banka – Exchange rate list
- Fio banka – Online account opening
- Fio banka – Business account
Sources checked on February 21, 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.
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