Best Business Accounts for Freelancers in the Czech Republic

Getting paid by Czech clients can be a great growth opportunity for UK freelancers, but choosing how to manage CZK payments, local account details, fees and tax admin can quickly get complicated.

In this guide, we've compared business account options for freelancers in the Czech Republic, including local banks, digital providers, fees, eligibility points and when a local Czech account may or may not be needed.

We've also explained how Wise Business can help UK freelancers manage international payments, hold multiple currencies and convert money when working with clients in the Czech Republic.

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⚠️ Note: Provider features, fees, eligibility checks, protections, and timelines mentioned in this article may vary by customer, business type, application outcome, and country. Check the provider’s website and terms and conditions for the most accurate and up-to-date information.

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Key takeaways

Discover Wise Business 🔍

1. Wise Business

Features available in the Czech Republic:

• Send money to 140+ countries at the mid-market exchange rate with low, transparent fees
• Receive payments in 24 currencies and counting
• Get local account details for currencies, including USD and GBP (only with Wise Business Advanced)
• Hold money in 40+ currencies
• Convert currencies anytime at the mid-market exchange rate with low, transparent fees
• Use the batch payments tool to create and send up to 1,000 payments in a single transfer
• Get business debit cards for you and your team to keep track of team expenses and spend all over the world
• Connect and sync every business transaction to your favourite accounting software
• Automate payouts with the Wise API (comes with 24/7 customer support, a sandbox account to test integrations, API tokens, and clear documents on how to implement and make the most of the API)
• Earn returns with Wise Interest (capital at risk, growth not guaranteed)

Investments can fluctuate, and your capital is at risk. Interest is offered by Wise Assets UK Ltd, a subsidiary of Wise Payments Ltd. Wise Assets UK Ltd is authorised and regulated by the Financial Conduct Authority with registration number 839689. When facilitating access to Wise investment products, Wise Payments Ltd acts as an Introducer Appointed Representative of Wise Assets UK Ltd. Please be aware that we do not offer investment advice, and you may be liable for taxes on any earnings. If you're uncertain, we urge you to seek professional advice. To find out more about the Funds, visit our website.

Fees:

According to current Wise Business pricing in the UK:

• One-time setup fee: £50
• Sending money: from 0.33%
• Holding money: free
• Receiving domestic payments (non-SWIFT / non-wire): free
• EUR SWIFT payments: €2.39
• ATM withdrawals: free up to £250/month, then 2.69%

⚠️ The fees mentioned above are for UK residents opening a Wise Business account in the UK. If you are opening a Wise Business account for the first time in the Czech Republic, then refer to the Wise Business pricing for the Czech Republic.

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2. Revolut Business

Revolut Business is available in the Czech Republic and supports freelancers and sole traders who need flexible multi-currency tools to manage payments across borders.

It may be useful for UK-based freelancers who work with Czech clients but operate mainly in GBP, EUR or CZK and need an account that can scale as their workload grows.¹

Features available in the Czech Republic:

• Multi-currency account with support for CZK, GBP, EUR and 25+ currencies ¹
• Physical and virtual corporate cards ¹
• Local and international payment transfers ¹
• Expense management and analytics ¹
• Accounting software integrations ¹
• FX at the interbank rate within plan allowance ¹
• API access for payment automation ¹
• Invoicing tools ¹

Fees:

According to current Revolut Business pricing for the Czech Republic:¹

The Grow plan adds a higher FX allowance at the interbank rate, up to Kč 500,000/month, compared with Kč 30,000/month on Basic.¹

3. Fio banka

Fio banka is a Czech-owned bank and one of the few financial institutions in the country to offer a business account with no monthly maintenance charge and no fees on standard domestic transactions.²

It may appeal to freelancers who want a local CZK account for day-to-day invoicing in the Czech Republic without taking on a monthly subscription.

The account can also be opened in 13 other currencies, including EUR, GBP and USD, which gives UK freelancers some multi-currency flexibility on a traditional Czech banking platform.²

Features available in the Czech Republic:

• Business current account in CZK and 13 other currencies ²
• Free account opening, management and cancellation ²
• Unlimited free domestic CZK and Czech-Slovak transactions ²
• Free internet banking and Smart Banking app ²
• Free debit card ²
• Unlimited free ATM withdrawals at Fio banka ATMs ²
• SEPA payment support ²

Fees:

According to current Fio banka business account pricing:²

• Monthly maintenance: free ²
• Account opening: free ²
• Domestic CZK transactions: free ²
• Debit card: free ²
• Internet and mobile banking: free ²

Fio banka does not publish a specific FX rate markup in the supplied source. As with most traditional banks, freelancers should check currency conversion costs before sending or receiving international payments.

4. MONETA Money Bank — Konto PRO podnikání

MONETA Money Bank is one of the larger banks in the Czech Republic,⁴ and its Konto PRO podnikání account is designed for sole traders (OSVČ) and small businesses.³

It offers free account maintenance with no conditions attached, which may be useful when you are starting out and do not want to commit to minimum turnover or card spending requirements.³

Features available in the Czech Republic:

• Free business current account for OSVČ with online account opening ⁵
• 100 free monthly incoming and outgoing electronic transactions ⁵
• Free domestic SEPA payments and instant payments ⁶
• Two debit cards included at no charge ⁶
• Free ATM withdrawals across Czech ATMs and worldwide, subject to third-party ATM operator fees ⁶
• Foreign currency accounts available in EUR, USD, CHF and GBP ⁶
• Smart Banka mobile app with 200+ features ^5,6
• Online currency exchange from 2,000 CZK with no conversion fee ⁷

Fees:

According to MONETA Money Bank's published business and OSVČ fee information:^6,8

• Monthly account maintenance: 0 CZK ^6,8
• Domestic electronic transactions, up to 100/month: free ^5,6
• Debit cards: free, with two included ⁶
• ATM withdrawals at Czech ATMs: free ⁶

For international payments and non-CZK transfers, standard transaction fees may apply. Check MONETA’s latest fee schedule before applying.

5. Air Bank

Air Bank launched its business account for OSVČ in May 2023 and has since grown its business customer base.⁹

It is a digital-first bank and part of the PPF Group, with mobile tools designed for freelancers and small businesses.¹⁰

The account includes in-app invoicing, QR-code payment support, basic VAT preparation tools, accounting exports and 1% cashback on card payments, making it a practical digital option for Czech freelancers.^11,12

Features available in the Czech Republic:

• Free business account for OSVČ and eligible single-member s.r.o. customers ¹²
• Built-in mobile invoicing with QR codes ¹²
• Monthly VAT preparation materials and annual income tax support documents ¹²
• Accounting software export functionality ¹²
• 1% cashback on CZK debit card payments from April 2025 ¹¹
• Free domestic incoming and outgoing payments, SEPA transfers, standing orders and direct debits ^11,12
• Business savings account with interest, subject to conditions ¹²
• Free ATM withdrawals and cash deposits at Air Bank's network ^11,12

Fees:

According to Air Bank's current business account pricing:¹²

• Monthly account maintenance: free ¹²
• Domestic CZK transactions: free ¹²
• In-app invoicing: free ¹²
• Debit card: free ¹²
• ATM withdrawals in the Czech Republic: free at shared network ATMs, with 35 CZK charged at other ATMs ¹²
• ATM withdrawals abroad: 35 CZK in the EU and 100 CZK outside the EU ¹²

Air Bank requires a Czech IČO to open a business account, so UK freelancers may need to be registered as an OSVČ in the Czech Republic first.¹²

6. Komerční banka

Komerční banka, often shortened to KB, is one of the largest banks in the Czech Republic and is part of the Société Générale Group.¹³

For UK freelancers who prefer an established bank with a physical branch network, KB may be relevant if you are dealing with Czech authorities, opening a trade licence or need in-person banking services.

Features available in the Czech Republic:

• Tiered business account packages for OSVČ and companies ^14,15
• Free Start package available ¹⁵
• Czech CZK IBAN for domestic payments and invoicing ¹⁴
• Debit card included with each package ¹⁴
• Online and mobile banking ¹⁴
• Business loans, overdrafts and trade finance access ¹⁴
• Nationwide branch and ATM network ¹⁴
• SEPA and SWIFT international payment capability ¹⁴

Fees:

According to current Komerční banka business account pricing:¹⁴

• Start package monthly fee: 0 CZK ^14,15
• Higher-tier packages: monthly fee applies, with details on the KB website ¹⁴
• SEPA transfers: included in package allowance ¹⁴
• International SWIFT transfers: standard fees apply ¹⁴

As with many traditional banks in the Czech Republic, currency conversion may include an FX margin. Check the bank’s current exchange and transfer fees before sending or receiving non-CZK payments.

Manage your freelance earnings like a pro with Wise Business

Managing multiple currencies and international payments can become complex as your freelance business grows.

Wise Business offers a multi-currency account designed to help freelancers send, receive, and manage money across borders with transparent fees.

With Wise Business, you can:

• 🌍 Send money to 70+ countries at the mid-market exchange rate with low, transparent fees and no hidden exchange rate markups (product availability varies by region)
• 📥 Receive payments in 24 currencies and counting
• 💵 Get local account details for 8+ currencies, including USD and EUR, to let your customers pay in a currency they know and trust - convenience for them and peace of mind for you
• 💰 Hold money in 40+ currencies
• 🔁 Convert currencies anytime at the mid-market exchange rate with low, transparent fees
• ⚡ Use the batch payments tool to create and send up to 1,000 payments in a single transfer
• 👥 Run payroll and make international payments for up to 1,000 employees all over the world - including paying suppliers using local payment methods like ACH, SEPA, and Faster Payments
• 💳 Get business debit cards with 0.5% cashback for you and your team to keep track of team expenses and spend all over the world, with real-time visibility and categorisation
• 🏢 Manage cash in 55+ currencies across international offices from a single business account and move money between business accounts in seconds (exact speeds can vary depending on individual circumstances and may not be the same for all transactions)
• 🧾 Connect and sync every business transaction to your favourite accounting software, including Xero, Quickbooks, and more
• 🔐 Create your own payment approvals process to manage your team better with customised access for different team members, roles and permissions
• 📑 Create custom professional invoices and schedule invoice payments for future dates
• 📈 Earn variable returns on GBP, USD and EUR with Wise Interest (Capital at risk, growth not guaranteed. Your money is at risk if governments default or interest rates go negative. Rates vary by country and currency. Rates are variable. Visit Wise Interest to find out more)
• 🔗 Create payment links and QR codes to get paid easily (Card payment acceptance for new Wise Business customers is currently unavailable. Payment methods subject to eligibility and availability.)
• ⚙️ Automate payouts with the Wise API (comes with 24/7 customer support, a sandbox account to test integrations, API tokens, and clear documents on how to implement and make the most of our API)

Make the wise choice when selecting a business account for your domestic and global needs.

Be Smart, Get Wise.

Register for Wise Business ✍️

Disclaimer: The UK Wise Business pricing structure is changed on 26/11/2025. Receiving money, direct debits and getting paid features are not available with the Essential Plan which you can open for free. Pay a one-time set up fee of £50 to unlock Advanced features including account details to receive payments in 22+ currencies or 8+ currencies for non-swift payments. You’ll also get access to our invoice generating tool, payment links, QR codes and the ability to set up direct debits all within one account. Please check our website for the latest pricing information.

FAQs

How do I compare business account options as a freelancer in the Czech Republic?

Focus on how your money moves. If you mainly invoice in CZK, a local Czech account from providers such as Fio banka, MONETA, Air Bank or Komerční banka may cover day-to-day needs.

If you work across CZK, GBP and EUR, compare a local Czech account with a multi-currency provider to understand FX costs, international transfer fees, account details and invoicing features.

What paperwork is required to open a business account in the Czech Republic?

Traditional Czech banks may ask for a valid passport or national ID, Czech trade licence, IČO, registered Czech business address, and evidence of registration or notification to relevant authorities.¹⁶

Digital providers may handle onboarding online, but you may still need active business registration to complete compliance checks.

What regulations should UK freelancers know?

To freelance in the Czech Republic, UK nationals may need to register as a sole trader, known as OSVČ, through the Trade Licensing Office.^16,17

Once registered, OSVČ may be subject to Czech income tax, health insurance and social security contributions. An optional flat-rate tax scheme, paušální daň, may be available for some freelancers.¹⁷

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited, its subsidiaries or affiliates. It should not be treated as advice from, or a communication with, HMRC, and it is not intended as a substitute for obtaining business advice from a tax advisor or any other professional.

Can HMRC see my account in the Czech Republic?

Potentially, yes. Both the UK and the Czech Republic use international tax information-sharing rules such as the Common Reporting Standard, which can allow tax authorities to exchange financial account information.¹⁸

UK freelancers should keep clear records and declare foreign income where required.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited, its subsidiaries or affiliates. It should not be treated as advice from, or a communication with, HMRC, and it is not intended as a substitute for obtaining business advice from a tax advisor or any other professional.

Do I need a Czech address to open a business account?

For traditional Czech banks, you may need a registered Czech business address, particularly if the account is linked to OSVČ registration. Digital options may be more flexible at the initial application stage, but business registration and compliance checks still apply.

Can I use my UK business account for clients in the Czech Republic?

Yes, but it may not always be practical. Czech clients may prefer local CZK account details for domestic transfers, and international payments can involve extra fees and slower processing.

A local Czech account can help with CZK invoicing, while a multi-currency account may help with GBP, EUR and other cross-border payments.

How does a business account in the Czech Republic affect my UK taxes?

A Czech business account does not remove UK tax obligations if you remain UK tax resident. You may still need to declare Czech income on your UK Self Assessment return.

The UK–Czech double taxation agreement may help reduce the risk of the same income being taxed twice, but the exact treatment depends on your residency status and circumstances.¹⁹

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited, its subsidiaries or affiliates. It should not be treated as advice from, or a communication with, HMRC, and it is not intended as a substitute for obtaining business advice from a tax advisor or any other professional.

Sources:

1. Revolut Business account plans — Czech Republic
2. Fio banka — Business account
3. MONETA Money Bank — Konto PRO podnikání
4. Reuters — MONETA Money Bank beats 2025 profit guidance, proposes dividend increase
5. MONETA Money Bank — Informace o běžném podnikatelském účtu zdarma
6. MONETA Money Bank — Účty a karty pro živnostníky a firmy
7. MONETA Money Bank — Směnárna
8. MONETA Money Bank — Sazebník pro podnikatele a firmy
9. Air Bank — Podnikatelský účet nově dostupný i pro vícečlenné s.r.o.
10. Air Bank — O Air Bank
11. Air Bank — Výhody za věrnost
12. Air Bank — Podnikatelský účet
13. Komerční banka — Société Générale Group
14. Komerční banka — Podnikatelský účet
15. Komerční banka — Tarif Start Business
16. Xolo — How to become a freelancer in the Czech Republic
17. Deel — Sole proprietorship in Czech Republic
18. OECD — Consolidated text of the Common Reporting Standard 2025
19. GOV.UK — Czech Republic tax treaties

Sources last checked on 27/05/2026