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.
Does mBank have a euro account? mBank currency options and alternatives on the Czech market
A euro account is useful if you often pay in euros, for example when traveling or shopping online, or for receiving your salary in EUR. If you are an mBank customer, you'll be disappointed to learn that mBank doesn't yet offer a euro account.¹ You can still make payments in EUR, but at what cost? Get acquainted with the euro accounts offered by other banks.
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.
Learn more about the
Wise account 🔎
mBank doesn't have a euro account – what do EUR payments from a standard account cost?
Although mBank doesn't offer a euro account, you can still send or receive payments in EUR from your Czech account. What are the fees involved?
- SEPA transfers, or payments in EUR within the European Economic Area, are free of charge.
- Payments in EUR outside the EEA are treated as standard international payments. Sending one incurs a fee of 0.5% of the transfer amount, with a minimum charge of 300 CZK and a maximum of 1,000 CZK. Receiving such a payment costs 100 CZK.²
mBank's exchange rate
The exchange rate also significantly affects the cost of EUR payments. You can determine if mBank's rate is favorable by comparing it to the mid-market rate, which is set by national banks.
🔍 Example: How much CZK would you be charged if you paid €500 in a German online store using mBank's exchange rate versus the mid-market rate used by Wise?
| Provider | Amount Paid (incl. fees)² | Exchange Rate (1 EUR) |
|---|---|---|
| mBank | 12,487 CZK | 24.9742 CZK³ |
| Wise | 12,024 CZK | 24.2375 CZK |
Data valid as of the article's publication date.
With mBank, you would pay 463 CZK more than with Wise. This clearly shows that having a euro account is beneficial because you lose money on the exchange rate.
☝️ Just as mBank does not offer a euro account, it also does not offer accounts in any other foreign currency.
Euro accounts on the Czech market – where and at what cost
Most Czech banks offer accounts in EUR, and you can easily open them online. Before we look at each account individually, here's a quick overview.
- What is the monthly account maintenance fee?
- How favorable is the exchange rate if you want to convert money between your euro and Czech koruna accounts – for example, sending €500 to a CZK account? The table ranks accounts by which exchange rate results in the most CZK credited to your CZK account.
| Account | Monthly Fee | Value of €500 Sent to CZK Account |
|---|---|---|
| Wise* | Free | 12,024 CZK |
| Banka Creditas | Free⁶ | 11,882 CZK⁷ |
| Max Banka | Free¹⁶ | 11,881 CZK¹⁷ |
| Česká spořitelna | 20 CZK / Free⁸ | 11,827 CZK⁹ |
| ČSOB | 25 CZK¹⁰ | 11,803 CZK¹¹ |
| Fio banka | Free¹² | 11,766 CZK¹³ |
| Air Bank | Free⁴ | 11,725 CZK⁵ |
| MONETA Money Bank | Free¹⁸ | 11,700 CZK¹⁹ |
| Raiffeisenbank | 49 CZK²⁰ | 11,697 CZK²¹ |
| UniCredit Bank | 89 CZK²² | 11,669 CZK²³ |
| Komerční banka | 39 CZK¹⁴ | 11,601 CZK¹⁵ |
* All currencies in the Wise Account are part of the same, single account.
❗With Komerční banka and Raiffeisenbank, you do not get separate bank details for your euro account. You only have the option to hold EUR in your Czech account via a multi-currency function.
Now that you know where to find a euro account, let's look at them one by one.
Wise Euro Account
| Service | Feature |
|---|---|
| Online Account Opening | ✅ |
| Free Account Maintenance | ✅ |
| Separate Account Number | ✅ |
| Free Payment Card | ✅ free maintenance, one-time delivery fee of 180 CZK |
| Free Outgoing SEPA Transfer | ✅ |
| Fee for Outgoing Payment Outside EEA | From 0.42% |
| ATM Withdrawal Abroad | 2 free withdrawals per month up to 4,831 CZK, then 12 CZK + 1.75% of the amount exceeding 4,831 EUR |
| With the Wise account you can have local account details in 9+ currencies, including EUR, USD, and GBP — all in one place. |
|---|
Get a Wise account now for free
Air Bank Euro Account
| Service | Feature⁴ |
|---|---|
| Online Account Opening | ✅ |
| Free Account Maintenance | ✅ |
| Separate Account Number | ✅ |
| Free Payment Card | ✅ |
| Free Outgoing SEPA Transfer | ✅ |
| Fee for Outgoing Payment Outside EEA | 100 CZK |
| ATM Withdrawal Abroad | 35 CZK in the EU / 100 CZK outside the EU |
Banka Creditas Euro Account
| Service | Feature⁶ |
|---|---|
| Online Account Opening | ✅ |
| Free Account Maintenance | ✅ |
| Separate Account Number | ✅ |
| Free Payment Card | ✅²⁴ |
| Free Outgoing SEPA Transfer | ✅ |
| Fee for Outgoing Payment Outside EEA | 150 CZK |
| ATM Withdrawal Abroad | Free |
Česká spořitelna Euro Account
| Service | Feature⁸ |
|---|---|
| Online Account Opening | ✅²⁵ |
| Free Account Maintenance | ❌ 20 CZK per month / ✅ free with CZK Plus Account |
| Separate Account Number | ✅ |
| Free Payment Card | ❌ multi-currency function only on card for CZK account for 25 CZK/month or free with CZK Plus Account²⁶ |
| Free Outgoing SEPA Transfer | ❌ 7 CZK |
| Fee for Outgoing Payment Outside EEA | 1%, min. 220, max. 1,500 CZK |
| ATM Withdrawal Abroad | 40 CZK in EUR / 125 CZK in other currencies²⁷ |
ČSOB Euro Account
| Service | Feature¹⁰ |
|---|---|
| Online Account Opening | ✅ |
| Free Account Maintenance | ❌ 25 CZK per month |
| Separate Account Number | ✅ |
| Free Payment Card | ❌ 45 CZK per month²⁸ |
| Free Outgoing SEPA Transfer | ❌ 6 CZK |
| Fee for Outgoing Payment Outside EEA | 1%, min. 250, max. 1,500 CZK |
| ATM Withdrawal Abroad | 40 CZK in EUR in EEA countries / 100 CZK in other countries |
Fio banka Euro Account
| Service | Feature¹² |
|---|---|
| Online Account Opening | ✅ |
| Free Account Maintenance | ✅ |
| Separate Account Number | ✅ |
| Free Payment Card | ✅ |
| Free Outgoing SEPA Transfer | ✅ |
| Fee for Outgoing Payment Outside EEA | 200 CZK |
| ATM Withdrawal Abroad | Mastercard – 2 free withdrawals per month, then 25 CZK* / Visa – free |
* With a Mastercard, after 2 free withdrawals, you are entitled to 3 additional free withdrawals. You can get another free withdrawal when your total card transactions (ATM withdrawals and online payments) in the previous month amounted to 160 EUR.
Komerční banka Euro Account
| Service | Feature¹⁴ |
|---|---|
| Online Account Opening | ✅ |
| Free Account Maintenance | ❌ 39 CZK per month |
| Separate Account Number | ❌ multi-currency function only for CZK account |
| Free Payment Card | ❌ multi-currency function only on card for CZK account |
| Free Outgoing SEPA Transfer | ✅ |
| Fee for Outgoing Payment Outside EEA | 200 CZK up to 20,000 CZK / 1%, max 1,200 CZK for amounts over 20,000 CZK²⁹ |
| ATM Withdrawal Abroad | 2 free withdrawals in selected European countries, then 49 CZK / 99 CZK in other countries²⁹ |
Max Banka Euro Account
| Service | Feature¹⁶ |
|---|---|
| Online Account Opening | ✅ |
| Free Account Maintenance | ✅ |
| Separate Account Number | ✅ |
| Free Payment Card | ✅ |
| Free Outgoing SEPA Transfer | ✅ |
| Fee for Outgoing Payment Outside EEA | 350 CZK |
| ATM Withdrawal Abroad | 6.50 CZK in the EU and EEA / 2.5%, min. 80 CZK in other countries |
MONETA Money Bank Euro Account
| Service | Feature¹⁸ |
|---|---|
| Online Account Opening | ✅ |
| Free Account Maintenance | ✅ |
| Separate Account Number | ✅ |
| Free Payment Card | ✅ |
| Free Outgoing SEPA Transfer | ✅ |
| Fee for Outgoing Payment Outside EEA | 1%, min. 220, max. 1,500 CZK |
| ATM Withdrawal Abroad | Free |
Raiffeisenbank Euro Account
| Service | Feature²⁰ |
|---|---|
| Online Account Opening | ✅ |
| Free Account Maintenance | ❌ 49 CZK per month |
| Separate Account Number | ❌ multi-currency function only for CZK account |
| Free Payment Card | ❌ multi-currency function only on cards for CZK account |
| Free Outgoing SEPA Transfer | ✅ |
| Fee for Outgoing Payment Outside EEA | First 2 free, then 1% min. 300, max. 1,200 CZK³⁰ |
| ATM Withdrawal Abroad | Free |
UniCredit Bank Euro Account
| Service | Feature²² |
|---|---|
| Online Account Opening | ✅ |
| Free Account Maintenance | ❌ 89 CZK per month |
| Separate Account Number | ✅ |
| Free Payment Card | ❌ ³¹ |
| Free Outgoing SEPA Transfer | ✅ |
| Fee for Outgoing Payment Outside EEA | 0.9%, min. 300, max. 1,500 CZK³¹ |
| ATM Withdrawal Abroad | Free |
You've now seen an overview of euro accounts. Unfortunately, mBank does not offer accounts in foreign currencies, but as you can see, there are plenty of options on the Czech market. The selection is rich, and some euro accounts offer excellent conditions. When it comes to the most advantageous exchange rate, you know you'll find it with Wise, along with many other benefits.
Open your Wise account
for free 🚀
Sources:
- mBank – Personal Account mKonto
- mBank – Fee Schedule
- mBank – Exchange Rate List
- Air Bank – Price List
- Air Bank – Exchange Rate List
- Banka Creditas – Fee Schedule for FON
- Banka Creditas – Exchange Rate List
- Česká spořitelna – Price List for Foreign Currency Current Account
- Česká spořitelna – Exchange Rate List
- ČSOB – Fee Schedule for Individuals
- ČSOB – Exchange Rate List
- Fio banka – Price List for Financial Operations and Services
- Fio banka – Exchange Rate List
- Komerční banka – Standard Tariff
- Komerční banka – Exchange Rate List
- Max Banka – Fee Schedule
- Max Banka – Exchange Rate List
- MONETA Money Bank – Fee Schedule
- MONETA Money Bank – Exchange Rate List
- Raiffeisenbank – Active Account
- Raiffeisenbank – Exchange Rate List
- UniCredit Bank – Accounts
- UniCredit Bank – Exchange Rate List
- Banka Creditas – Current Account
- Česká spořitelna – Foreign Currency Account
- Česká spořitelna – Multi-currency Function
- Česká spořitelna – Price List of Products and Services
- ČSOB – Basic Foreign Exchange Account
- Komerční banka – Price List of Products and Services
- Raiffeisenbank – Price List of Products and Services
- UniCredit Bank – Fee Schedule
Sources checked on 20. 2. 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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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.
ČSOB euro account in the Czech Republic: Fees, options, and opening
Do you need an account in euros? Find out all about the ČSOB euro account, how much it costs, and how to open one.
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.
