Fio banka review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Fio banka is a Czech personal and savings account for people who want no monthly charge and instant access to their money. It suits students, teens and savers who can bank in the Czech Republic, paying a variable rate of 3.5% on easy-access savings.
Key facts
- Best for
- A fee-free personal account with easy access to savings in the Czech Republic.
- Monthly fee
- CZK 0↗
- Deposit protection
- EU DGS up to EUR 100,000↗
- Currencies
- 14↗
- Local account details
- IBAN↗
- Transfer fee
- Outgoing non-EUR 200 CZK (SHA/BEN) or 500 CZK (OUR); incoming non-EUR 100 CZK; EUR SEPA and CZ-SK EUR free; intra-group free↗
- Legal entity
- Fio banka, a.s.↗
- Headquarters
- Czechia↗
- Founded
- 1993↗
- Support channels
- Email, Phone, Chat, Help-centre↗
- Audience
- Students, Teens
- Pricing model
- No monthly fee
- Features
- Free ATM withdrawals, Joint account
- Official website
- fio.cz
Savings
- Headline rate
- 3.5%↗
- Rate type
- Variable↗
- Access terms
- No notice period; funds may be transferred only to one external account, which can be changed free of charge↗
- Account kind
- Easy access↗
Facts checked September 26, 2026, 7 sources
Apps and profiles
- Get the app
- App Store
Pros and cons
Pros
- No monthly charge on the personal account, with a monthly fee of CZK 0
- A variable savings rate of 3.5% on an easy-access account, so there is no notice period to serve
- Free ATM withdrawals and joint accounts are both listed as account features
- Covers 14 currencies, and local account details include iban
Cons
- The 3.5% savings rate is variable, so the return can move
- Transfers in currencies other than the euro carry a charge, unlike euro area SEPA and Czech to Slovak euro payments, which are free
- Savings can be transferred to one external account only, though that destination can be changed free of charge
Who it suits
- Students and teens in the Czech Republic who want a personal account with no monthly charge
- Anyone holding an easy-access savings balance who is comfortable with a variable rate
- People who mostly send and receive money in the euro area, where transfers are free
Who should look elsewhere
- Skrill, if you would rather hold a wallet balance than a supervised bank account with EU deposit protection
- eToro, if you are looking for somewhere to trade rather than a personal account paying 3.5% on savings
- PayPal Colombia, if your money needs to sit in a payment wallet rather than a Czech bank account with a joint account option
Safety of your money
Fio banka is a Czech bank supervised by the Czech National Bank, and deposits are covered by the EU Deposit Guarantee Scheme at EU DGS up to EUR 100,000. That protection applies to eligible deposits, so a balance above the ceiling is not covered by the scheme. The personal account can be opened jointly, and support runs on email, phone and chat.
How Fio banka compares
9.3 vs 8.7
9.3 vs 8.6
9.3 vs 8.0
9.3 vs 8.9eToro charges a monthly fee of £0, and Fio banka is the option here built for saving and day-to-day banking rather than trading.
9.3 vs 9.1
9.3 vs 9.2
9.3 vs 8.7
9.3 vs 8.7
9.3 vs 8.7
9.3 vs 9.0Skrill also charges a monthly fee of €0, so the difference lies elsewhere: Fio banka pays 3.5% variable on an easy-access account under EU deposit protection.
9.3 vs 8.7
9.3 vs 9.5
9.3 vs 9.4
9.3 vs 9.3
9.3 vs 9.2
9.3 vs 9.2
9.3 vs 9.2
9.3 vs 9.2
9.3 vs 9.2
9.3 vs 9.2
9.3 vs 9.1
9.3 vs 9.0
9.3 vs 9.0
9.3 vs 8.9
9.3 vs 8.9- 9.3 vs 8.9
9.3 vs 8.7
9.3 vs 8.5
9.3 vs 8.5
9.3 vs 8.5
9.3 vs 8.4
9.3 vs 8.3
9.3 vs 8.2
9.3 vs 8.1- 9.3 vs 8.1
9.3 vs 8.0
9.3 vs 8.0
9.3 vs 8.0
9.3 vs 9.1
Where Fio banka is available
- Available
- Czechia, Slovakia
- Licence in Czechia
- Czech National Bank (Ceska narodni banka), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
Is there a monthly fee on a Fio banka personal account?+
The personal account carries a monthly fee of CZK 0, and most accounts compared here charge €0. Money movement is where charges appear: euro area SEPA and Czech to Slovak euro payments are free, while transfers in other currencies cost either the lower shared-charge rate or the higher rate when you cover the whole fee.
What interest does the Fio banka savings account pay?+
Savings pay a headline rate of 3.5% and the rate type is variable, so the figure can move with rates set by the bank. Among the accounts rated on rate type, variable is the common choice, so treat this as a floating return rather than a locked one.
How quickly can I get my money out of savings?+
The savings account is easy-access, so there is no notice period to serve before a withdrawal. One condition applies: funds can be transferred to a single external account, and that destination can be changed free of charge whenever you need to move it.
Is my money protected if Fio banka fails?+
Deposits are covered by the EU Deposit Guarantee Scheme, with protection stated as EU DGS up to EUR 100,000. Fio banka is supervised in the Czech Republic by the Czech National Bank, so it holds a banking licence there. The scheme covers eligible deposits rather than investments or other balances.
How many currencies can I hold, and what local details do I get?+
The account covers 14 currencies, and local account details include iban, so you can be given a local IBAN for receiving payments. Holding several currencies is possible, but exchanging away from the Czech koruna can cost more than it does at some of the accounts compared here.
Who is this account aimed at?+
The personal account targets student and teen, covering students and teens as well as everyday users. It suits people in the Czech Republic who want no monthly charge and easy access to savings. Support runs on email, phone and chat, and free ATM withdrawals are listed as a feature.
Can I hold a joint account?+
Joint accounts are listed among the account features, so the balance can be shared. The personal account carries a monthly fee of CZK 0, and savings keep the same easy-access structure, so there is no notice period when you want to withdraw.
Sources
- fio.cz/bankovni-sluzby/bankovni-ucty/osobni-ucet checked September 26, 2026
Backs: Audience, Features, Pricing model, Monthly fee
“Account free of charge also for children and students”
- fio.cz/bankovni-sluzby/platebni-styk/cizomenovy checked September 26, 2026
Backs: Currencies, Transfer fee
“Open a personal or business account free of charge in 14 currencies”
- fio.cz/bankovni-sluzby/sporeni checked September 26, 2026
Backs: Rate type
“Fio konto is a special savings account with no notice period (contrasted with term deposits bound for a set period)”
- fio.cz/bankovni-sluzby/sporeni/sporici-ucet-fio-konto checked September 26, 2026
Backs: Access terms, Account kind, Headline rate
“Financial funds can be transferred only to one external account, which can be changed electronically free of charge”
- fio.cz/o-nas/fio-banka checked September 26, 2026
Backs: Founded
“This group has operated on the Czech market since 1993”
- fio.cz/o-nas/fio-banka/o-fio checked September 26, 2026
Backs: Deposit protection, Headquarters, Legal entity, Licences
“Fio banka, a.s. is a purely Czech entity with Czech owners; registered office: Na Florenci 2139/2, Prague 1”
- fio.cz/o-nas/kontakty checked September 26, 2026
Backs: Local account details, Support channels
“In payments, state your account number in IBAN format CZ** 2010 0000 00** **** **** and SWIFT FIOBCZPPXXX”
Compiled from 7 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type, Currency conversion fee.
Related by the facts
Fio banka
A fee-free personal account with easy access to savings in the Czech Republic.