Switching a business account in Czechia is mostly about moving your payments without disruption. You open the new account, redirect direct debits and standing orders, move funds gradually, then close the old account once everything has cleared. Czechia has a bank switching code for consumers, so for a business the work is largely manual.
- Switch service
- Czech banks follow a code of conduct on account switching, but it is aimed at consumers, so business switching is largely manual. As of 4 December 2025.
- Main task
- Redirecting direct debits, standing orders, and regular credits to the new account number
- Overlap period
- Keeping the old account open a few weeks to catch pending items
- Most providers
- Support moving payments, with steps that vary
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
How switching a business account works in Czechia
Czech banks follow a code of conduct on account switching coordinated through the Czech Banking Association, but it is designed for consumer payment accounts rather than business accounts, so for a company the responsibility largely falls to you and your providers. Domestic payments settle in Czech koruna using your account number, while euro payments across the European Economic Area use SEPA, since Czechia is in the SEPA area. The aim is to avoid missed payments and returned direct debits during the move. As of 4 December 2025.
Moving payments and funds
Review at least a year of statements to capture every direct debit, standing order, and regular credit, including any SIPO collection arrangements. Provide your new account number to each supplier you pay and each customer or platform that pays you, and update your standing orders. Transfer funds in stages rather than all at once, and keep enough in the old account to cover items that are still clearing. As of 4 December 2025.
Closing the old account
Keep an eye on the old account for a few weeks, often around two to four, to catch late direct debits and pending items. Once payments are flowing through the new account and nothing is outstanding, contact the old bank to close the account. Update your account number with the tax authority, the Finanční úřad, for refunds and direct debits, tell your accountant, and keep your Commercial Register details current if you run a company. As of 4 December 2025.
What to line up before you switch
Prepare these before switching a business account in Czechia, as of 4 December 2025. Verify with the provider
- A list of every direct debit, standing order, and regular credit from at least a year of statements.
- Your new account number ready to send to suppliers, customers, payroll, the Finanční úřad, and platforms.
- A plan to move funds in stages and a buffer left in the old account for pending items.
How to switch step by step
- Open the new account and confirm it is active, using your business details and entity documents.
- Redirect direct debits and standing orders to the new account number, then move funds gradually while keeping a buffer.
- Watch the old account for a few weeks, settle outstanding items, then close it.
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 4 December 2025. Confirm current terms with the provider before applying.
Compare business accounts →Questions about business banking in Czechia
Is there an automatic account switching service for businesses in Czechia?
How long should I keep my old business account open?
What do I need to update when I switch?
Will switching disrupt my payments?
Fees, features, and eligibility change and vary by region. This page was last reviewed on 4 December 2025. Confirm current terms with the provider before applying.