Online business accounts and neobanks in Czechia

Snapshot

Online business accounts and neobanks in Czechia offer fast remote opening and low cost koruna and international payments, but they split between licensed banks and payment or electronic money providers, which changes how your money is held and whether deposit protection applies.

Licensed bank or not: Mixed. In the EEA Revolut Business operates through Revolut Bank UAB, a licensed bank, while Wise Business is an electronic money provider, not a bank. Local Czech banks such as Air Bank and Fio banka are licensed banks. As of 8 September 2025.
Typical opening time: Often one to five business days at digital providers, with online identity checks
Deposit protection: Eligible deposits at licensed banks are covered up to the equivalent of EUR 100,000 per depositor per bank, paid in koruna by the Czech guarantee system. Electronic money providers are not covered this way. As of 8 September 2025.
Most providers: Several online business accounts serve Czechia, alongside Czech licensed banks

Fees and features as of 8 September 2025Last reviewed 8 September 2025

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

Czechia has a choice of online business accounts, split between licensed banks and payment or electronic money providers. As of 8 September 2025, Revolut Business operates in the EEA through Revolut Bank UAB, a licensed bank, while Wise Business is an electronic money provider rather than a bank, and local options such as Air Bank and Fio banka are Czech licensed banks. Online accounts tend to open faster and price koruna and international payments lower than some traditional banks, but you should check how your money is held and whether the deposit guarantee applies. Confirm current terms with the provider.

How online accounts and neobanks work in Czechia

Online business accounts in Czechia fall into two broad groups. The first is licensed banks that operate mainly through an app and website, where eligible deposits are covered by a deposit guarantee up to the equivalent of EUR 100,000 per depositor per bank, paid out in Czech koruna. The second is payment and electronic money providers, which offer account like features such as account details, cards, and currency conversion, but hold your money under different rules and are not banks. Czechia is in the European Union and the SEPA area but uses the koruna, so euro transfers across the European Economic Area use SEPA while domestic payments settle in koruna. As of 8 September 2025.

What they tend to do well

Remote opening is usually fast, often one to five business days with online identity checks. International payments are frequently cheaper than some traditional banks. As of 8 September 2025, Wise Business converts at the mid market rate from a low percentage fee and supports many currencies with a one time setup fee, and Revolut Business offers tiered plans from a Basic entry plan up to higher tiers with larger allowances. Verify current pricing with each provider.

What to weigh up

Cash handling and branch access are limited or absent with online only providers, and most do not accept cash deposits. Where a provider is an electronic money or payment institution rather than a bank, the deposit guarantee does not apply in the same way, so check how your funds are held and safeguarded. Feature sets, supported entity types such as OSVČ or s.r.o., and eligibility differ between providers. Always confirm the current position with the provider.

What to check before you open one

When comparing online business accounts and neobanks in Czechia, check these points, as of 8 September 2025. Verify with the provider

Whether the provider is a licensed bank or a payment or electronic money provider, and how your money is held and protected.
The monthly or plan fee, any setup fee, included transactions, and the currency conversion margin on koruna and foreign payments.
Whether the account supports your entity type, such as sole trader OSVČ or s.r.o., and your expected cash and branch needs.

How to compare online accounts

Decide how much you value deposit protection and branch access against speed and low international costs.
Compare the licence status, the monthly or plan fees, and the currency conversion margin side by side.
Confirm the current terms and eligibility with the provider before you apply, because features and fees change.

Compare business accounts available in Czechia

These providers accept business customers in Czechia and support the Czech koruna alongside other currencies. Fees and eligibility shown as of 8 September 2025. Confirm current terms with the provider before applying.

Compare business accounts →

Questions about business banking in Czechia

Are neobanks in Czechia covered by deposit protection?

It depends on whether the provider is a licensed bank. As of 8 September 2025, eligible deposits at licensed banks are covered up to the equivalent of EUR 100,000 per depositor per bank, paid in koruna by the Czech guarantee system. Electronic money providers such as Wise are not covered this way, and instead safeguard funds under different rules. Confirm how your money is held with the provider.

Is Revolut a licensed bank in Czechia?

In the EEA, Revolut Business is provided through Revolut Bank UAB, which is a licensed bank in Lithuania passporting into the European Economic Area, so eligible deposits are covered up to EUR 100,000 under the relevant scheme. As of 8 September 2025. Verify the current entity, coverage, and terms with the provider.

Is Wise a bank in Czechia?

No. As of 8 September 2025, Wise is an electronic money provider rather than a bank, so the bank deposit guarantee does not apply in the same way, and customer funds are safeguarded under electronic money rules. Wise Business offers multi currency account features for Czech businesses. Confirm how your funds are held with the provider.

Can I deposit cash with an online business account in Czechia?

Usually not. As of 8 September 2025, most online only providers do not accept cash deposits, so a business that handles cash may need a traditional Czech bank for branch and cash services. Confirm cash handling options with the provider.

Fees, features, and eligibility change and vary by region. This page was last reviewed on 8 September 2025. Confirm current terms with the provider before applying.