PPF Banka (Czech Republic)

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PPF Banka (Czech Republic) 

PPF Bank appears to be a part of financial investing PPF Group. The bank was founded in 1992 as Royal Bank CS A.S., and in 1995, the bank was renamed into Česká pojišťovna A.S. in Prague. The bank gained a reputation as a reliable financial partner. In 2002, the bank became a strategic investor in Czech Republic what in turn helped to strengthen the position of PPF Group. From 2004, the bank operates under the name PPF Banka A.S.

The bank provides a full range of banking services, including investment and advisory services, to the clients and supports middle and big business, financial organizations, as well as individuals (private banking). The bank is also trading securities in the European, Asian and American markets.

TO OPEN AN ACCOUNT IN PPF BANKA 

Types of bank accounts

Personal, corporate.

Currency of the account: EUR, USD, GBP, RUB, CHF, CZK or any other foreign currency (to be discussed with the bank representative).

 

The minimum deposit - from 1000 USD up to 5000 USD.

The cost of opening of the account (bank tariff)

For individuals – non-residents of Czech Republic – for free.

For legal entities – non-residents of Czech Republic – for free.

The bank opens accounts for companies, which take part in the intermediary international trade schemes. 

Representative offices

Any.

Management of the account

Internet banking Homebanking.

Bank's tariffs

Monthly fee for account maintenance:

- for individuals – for free;

- for legal entities – 100 CZK/4 EUR/5 USD/4 GBP/6 CHF/160 RUB.

 

The bank's fee as of money payments in the system of electronic banking:

Incoming transfers (CZK or any other foreign currency):

- up to  50 000 EUR:

for individuals – 150 CZK;

for legal entities – 200 CZK.

- more than 50 000 EUR:

for individuals – 175 CZK;

for legal entities – 1200 CZK.

Outgoing transfers (CZK or any other foreign currency):

- up to 50 000 EUR (in Euro zone country):

for individuals – 150 CZK;

for legal entities – 200 CZK.

- more than 50 000 EUR (to the Euro zone country and to any other foreign countries):

for individuals – 250 CZK + the fees of the corresponding banks;

for legal entities – 1500 CZK + the fees of the corresponding banks.

 

The bank’s fee for money withdrawal from the current currency account - 20 CZK/1 EUR/1 USD/1 GBP/1 CHF/40 RUB or for free (as of accounts in other currencies).

 

Monthly fee for card maintenance:

MasterCard Electronic:

- for individuals – 20 CZK;

- for legal entities – 40 CZK.

MasterCard Embossed:

- for individuals – 48 CZK;

- for legal entities – 100 CZK.

MasterCard Gold:

- for individuals – 360 CZK;

- for legal entities – 480 CZK.

 

Express arrangement and issuance of the bank card – 500 CZK.

 

The bank’s fee for money withdrawal from the bank card outside Czech Republic:

shopping – free;

withdrawal at the bank’s ATMs – 100 CZK + 0,5% from the withdrawn amount;

withdrawal at the other banks’ branch – 200 CZK + 0,5% from the withdrawn amount.

 

Monthly bank statement (to be sent via e-mail) for legal entities and individuals – free.

 

Fee as of SWIFT transfer – 150 CZK.

Terms of opening the account

The process of opening an account begin with the preliminary stage, which includes gathering and providing us with the documents needed for account opening. The terms of the preparatory stage depend on you.

The decision regarding account opening is being made within 7 to 10 working days from the moment all required filed have been submitted to the bank. 

PPF Banka adheres to the «know your client» principle and thus you may be requested any additional information or documents. This may extend the process of the account opening. Bank also may refuse to open the account without any explanations. 

Staff

English speaking.

Credit/debit cards

MasterCard.

Other bank’s products

Deposit, credit services, safes, securities, investment, insuring, cheques.

Documents for opening an account

Forms for signing are provided at the head office of PPF Banka (Prague) during the personal meeting with the client.

 

Company’s documents*:

- originals of all statutory documents;

-  Certificate of Incumbency issued not later than 6 months at the moment of the application to the bank.

 

Documents for the account holder*:

- original of internal passport;

- original of foreign passport;

- employment certificate;

- the utility bill;

- if the attorney has a resident company then the Certificate of Incorporation and Articles of Association are also required.

 

Documents for the beneficiary*:

- original of internal passport;

- original of foreign passport;

- employment certificate;

- the utility bill;

- if the attorney has a resident company then the Certificate of Incorporation and Articles of Association are also required.

 

*The bank has a right to require the translation of the documents in Czech language and notary certification of such translation. 

The procedure of opening an account

As the bank requires the personal meeting with the client in order to set up an account, before the visit of the bank in Czech Republic it is required to visit our office  for filling in the questionnaire and checking the set of documents needed for account opening.

Bank site

www.ppfbanka.cz

For further consultation concerning the terms of account opening in PPF Bank (Czech Republic) please contact our office. We will respond to any questions you may have and will help you open an account in Czech PPF Bank or any other bank out of 70 foreign banks you may choose from.