Separate your clients’ funds
from normal operations

ACCOUNT OPENING AND MAINTENANCE 
FREE OF CHARGE 

Open any number of escrow accounts

Receive electronic account statements

Enter beneficial owners’ details online

Manage your account with online and mobile banking

OTHER BENEFITS OF THE ACCOUNT

  • Account transactions (incoming and outgoing payments) are free of charge

  • Cash and non-cash deposits and withdrawals available (with the exception of real estate agents – non-cash transactions only)

  • Deposits are insured for the benefit of their beneficial owners

  • Escrow accounts may also bear interest

  • Notaries can open separate accounts for the payment of court fees (collected for registration in a public register)

How to get this product?

By phone

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At a branch

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Escrow accounts are intended for

Escrow accounts will be used by:

  • Notaries;
  • Attorneys and law firms;
  • Court executors;
  • Real estate agents.

Account holder vs beneficial owner of funds

  • A notary, attorney, court executor or real estate agent shall be an account holder
  • A client whose funds are held in escrow shall be the beneficial owner of such funds
  • Each specialised escrow account may only be used for a single transaction; however, the number of such accounts is not limited
  • Account holder may submit identifying information about beneficial owners electronically using the “Electronic disclosure to the bank” form via their MojeBanka / MojeBanka Business online banking or at a branch that maintains the escrow account in question
  • Deposits are automatically insured (by law) for the benefit of their beneficial owners

USEFUL INFORMATION

  • Escrow account is used to hold money placed in escrow by a client
  • It is not intended for standard, day-to-day payments

Deposits and withdrawals

  • Deposits are insured for the benefit of their beneficial owners
  • Both cash and non-cash deposits and withdrawals are available – with the exception of real estate agents who can by law only carry out non-cash transactions
  • Incoming and outgoing electronic payments free of charge

Account statements

  • Electronic account statements free of charge – any frequency
  • Alternatively, you can receive monthly paper-based statements by mail free of charge
  • Keep track of all account movements at all times with online or mobile banking

Manage your account

  • You can manage your account with online or mobile banking

Dedicated account for court fees of notaries

  • It can be opened with an escrow account free of charge
  • Current account for court fees of notaries is a dedicated bank account used with regard to fees collected for registration in a public register carried out by a notary pursuant to the provisions of Section 7a of Act No. 549/1991 Coll., on Court fees, as amended

Non-interest bearing accounts, with account maintenance free of charge, are available in the following currencies:

  • CZK;
  • EUR;
  • USD;
  • GBP;
  • CHF; and
  • ​AUD.

Interest bearing accounts are only available in the following currencies:

  • CZK;
  • EUR; and
  • USD.

In order to process your request, we will need to see your valid identity document.

Moreover, you will need other documents, specific to your profession, such as:

  • Attorneys: attorney’s credential or certificate of registration in a register of attorneys
  • Notaries: appointment letter (certificate of oath-taking)
  • Court executors: appointment letter
  • Real estate agents: registration in the Trade Register / Commercial Register (professional notifiable trade)

Other documents may be needed, as specified by the bank on a case-by-case basis.

Good to have

Profi Account for Businesses
For CZK 99 a month or FREE OF CHARGE with the PROFI programme
  • Withdrawals from our ATMs and the first 50 transactions free of charge
  • Authorized debit up to CZK 3,000,000