How to open a bank account in Ceska Sporitelna AS

GSL reference about the bank What is it?

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The bank belongs to a large European financial group Erste Group and holds itself out as open to all kinds of business

Relationship was terminated

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General information and rating
General information and rating

Not rated
Global rating
Not rated
Countrywide rating
1
Countrywide rating of the head bank
98
Global rating of the head bank
Year of foundation
1825
History
The bank was founded in 1825 and joined Erste Group in 2000
Personnel
The bank employs over 10 000 staff. The bank has English-speaking staff
Bank’s shareholders
The bank’s major shareholder is Erste Group (99.2%)
Confidentiality
Double Taxation Agreement with Russia is signed; AML legislation is strictly observed
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    Minimum requirements
    Minimum requirements

    Minimum balance, €
    Transactions permitted per month
    0
    Initial deposit of funds, €
    0
    Deadline for the initial deposit, month
    Initial deposit of funds, €
    The bank has no minimum balance or initial deposit requirement
    Minimum turnover, €/year
    The minimum turnover is about EUR 1 000 000
    How fast payments are executed
    The value date is the second day

    Tariffs and services
    Tariffs and services

    70
    Outcoming transfer, €
    0
    Incoming transfer, €
    360
    Account maintenance, €/year
    N/A
    Payment limit for credit cards, €/day
    Outcoming transfer, €
    SEPA / FIT transfer fee (over EUR 50 000) is CZK 220 (appr. EUR 8). Fee for cross-border transfer in CZK or foreign currency (over EUR 50 000) is 1% (min. CZK 220, max. CZK 1 900 (EUR 70))
    Incoming transfer, €
    There is no fee for incoming transfers
    Account maintenance, €/year
    The bank charges the account opening fee of CZK 30 000 (appr. EUR 1100) if the client visits the bank office in Prague and the fee of CZK 40 000 (appr. EUR 1500) if there is no visit (forms are signed at the embassy). Corporate account maintenance fee depends on how transfers are made (e-payments, by email etc) and how often bank statements are prepared and ranges from CZK 25 to 1500 monthly (up to EUR 670 annually)
    Distant access to the account
    Telebanking, Internetbanking, GSM banking, Mobile bank
    Financial products
    The bank offers a full range of private banking services, including current accounts, credit cards, loans, deposits, and escrow accounts
    Credit/debit cards
    International debit cards: Visa Business (CZK 400 - EUR 15); Visa Business Plus (CZK 1 200 - EUR 45); Visa Business Gold (CZK 3 700 - EUR 137). International prepaid cards: Prepaid Business Maestro (CZK 230 - EUR 9). International credit cards: Kredit+ MasterCard Business (CZK 650 - EUR 24)

    Account opening procedure
    Account opening procedure

    Days to open for incoming transfers
    case by case
    Days to open for outcoming transfers
    case by case
    References
    Not necessary
    Purpose of the account
    Current
    Visit to the bank
    An account can be opened with client visiting Prague. In this case, the cost will be EUR 1500 and the account will be opened quicker. The account can also be opened remotely. In this case, the cost will be EUR 2000 (as documents will need to be certified at the embassy) and the procedure will take a little longer
    Required
    A copy of internal or international passport, standard set of corporate documents. For companies older than 6 months, a Certificate of Good Standing (not older than 3 months) is required. More documents can be requested by the bank. In the case of remote account opening, the following documents will be required: an apostilled power of attorney for an indefinite period; apostilled CGS + CINC; copies of beneficial owner’s passports certified at the Czech embassy; bank forms with all signatures certified at the Czech embassy
    Types of accounts
    Current
    Opening procedure and Due Diligence
    It is possible to open an account without visiting the country where the bank is located
    Chances to open an account
    Predictable
    Business description
    Detailed business description: description of the business’ origins and current standing, source of funds, details of biography and contact information of the account’s beneficial owner
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