Current account in foreign currencyAbout Product

For whom the product is designed

• entrepreneurs and small businesses
• public sector
• non-profit sector
• freelance professions
• private clientele

Product description

A foreign currency current account is linked to a wide range of related products. Clients can have several current accounts opened for different or same foreign currency.

A foreign currency current account can be opened in any currency specified in the official List of Exchange Rates of Česká spořitelna (EUR, USD, CHF, GBP, CAD, DKK, JPY, SEK).

Advantages

• Simple and effective management of funds held in foreign currencies, i.e. EUR, USD, CHF, GBP, CAD, DKK, JPY, SEK.
• Authorisation of other persons for access to funds held on the account
• Processing of cash and non-cash payments in any chosen currency listed in the official List of Exchange Rates of Česká spořitelna and in CZK
• Credit transfers in form of
  • Single payment orders
  • Standing orders
• Modern way of control of money held on the account:
  • use of personal computer for control of funds on the account
  • easy access to cash at extensive branch network of Česká spořitelna
  • option for cash-free opening of a deposit account
• Additional accounts can be opened for each client´s current account (prefix accounts, sub-accounts); such opening is conditional upon existence of main current account
• Funds held on current accounts are insured under the law.

Product Terms and Conditions

• Citizens of the Czech Republic or foreign nationals aged 18 or over
  • must prove their identity and identity of other persons authorised to access the account
• Legal entities must prove
  • their legal personality
  • identity of persons authorised to act on their behalf
• Written contract between the accountholder and Česká spořitelna
• Specimen signatures of the accountholder and persons authorised to access the account
• An initial deposit made at the account opening

Basic functions of the Product

• Standing orders or direct debits for periodical non-cash payments from the account
• Domestic and foreign non-cash payments made by single payment orders and other payment instruments
• Cash deposits and withdrawals
• The account balance blocking at the client's request