mBank CZ review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
mBank CZ pairs an everyday account with a monthly fee of CZK 0 with a savings account paying 4.21% on easy access, so money is never locked away. Transfers stay free and euro payments cost nothing, which suits Czech customers who want one place for spending, saving and euro receipts.
Key facts
- Best for
- Czech residents who want no monthly fee, free instant payments and savings that pays a variable rate.
- Monthly fee
- CZK 0↗
- Currencies
- 12↗
- Local account details
- IBAN↗
- Free ATM withdrawals
- CZK 1,500↗
- Transfer fee
- 0 CZK for domestic standard and instant payments, SEPA payments in EUR, and standing orders and direct debits↗
- Legal entity
- mBank S.A.↗
- Headquarters
- Czechia↗
- Founded
- 2007↗
- Support channels
- Phone, Chat, Email, Help-centre↗
- Audience
- Teens, Business, Travelers
- Pricing model
- No monthly fee
- Features
- Free ATM withdrawals, Joint account
- Official website
- mbank.cz
Savings
- Headline rate
- 4.21%↗
- Rate type
- Variable↗
- Access terms
- Savings available at any time, free instant transfer to mKonto↗
- Account kind
- Easy access↗
Facts checked September 26, 2026, 6 sources
Apps and profiles
- Get the app
- App StoreGoogle Play
Pros and cons
Pros
- The savings account pays 4.21% at a variable rate, with savings available at any time and a free instant transfer to the everyday account.
- Support runs on phone, chat and email, covering phone, chat, email and a help centre.
- You get local account details including an IBAN, and the bank lists 12 currencies for cross-border payments.
- A free ATM allowance of CZK 1,500 and a joint account are both included.
Cons
- The savings rate type is variable, so the 4.21% headline return can move with the bank's pricing.
- Currency reach of 12 sits below the multi-currency upper quartile of 13.
- Savings reach the current account as a free instant transfer, so the savings product is designed to sit alongside mKonto.
Who it suits
- Czech residents who want a current account with a monthly fee of CZK 0 and free instant payments.
- Teens, businesses and travellers, matching the teen, business and travelers the bank lists for the account.
- Anyone who wants savings paying 4.21% while still being able to withdraw at any time.
Who should look elsewhere
- Skrill, if a wallet is what you are after rather than a bank account with local IBAN details.
- PayPal Colombia, also at a monthly fee of $0, which is a payments option rather than a savings home.
- Plazo ES, which also charges a monthly fee of €0 but prices in euro, so it suits euro users rather than those paying in Czech koruna.
How mBank CZ compares
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Where mBank CZ is available
- Available
- Czechia
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
How much does an mBank CZ current account cost to run?+
The mKonto account carries a monthly fee of CZK 0, so holding the everyday account is free. The transfer fee is also free for domestic standard and instant payments, SEPA payments in EUR, standing orders and direct debits, which keeps day to day banking inexpensive for a Czech customer.
What rate do I get on the mBank CZ savings account?+
The mSporici ucet Plus pays a headline rate of 4.21%, and the rate type is variable, so the return follows the bank's pricing. Savings are available at any time and moving money to mKonto is a free instant transfer, so you are not tied to a term.
How many currencies can I hold or receive?+
The bank lists 12 currencies, and the account comes with local details including an IBAN for receiving payments. SEPA payments in EUR are free of charge, which covers euro bills and receipts without needing a separate provider for the currency.
Can I use cash machines without paying?+
The account is listed with free ATM withdrawals, with a free allowance of CZK 1,500 over the period the bank sets. A joint account is also offered, so two people can hold one account together rather than opening separate ones.
Who is the mBank CZ account aimed at?+
The stated audience covers teen, business and travelers, so a teen opening a first account, a business handling day to day money and a traveller all fit the product. A joint account option suits households, and the account is easy access rather than a fixed term product.
How do I get help from mBank CZ?+
Support runs on phone, chat and email, which includes phone, chat, email and a self-serve help centre. The legal entity behind the brand is mBank S.A., based in the Czech Republic, and the bank was founded in 2007.
Can two people share one mBank CZ account?+
A joint account is one of the listed features, so the same monthly charge of CZK 0 and the free ATM allowance of CZK 1,500 apply to a shared account. Free instant transfers to mKonto work the same way as for a single holder.
How does the account compare with fee-free rivals?+
The monthly fee of CZK 0 puts mBank CZ in the same cost band as Skrill at €0 and Plazo ES at €0. What it adds is a savings rate of 4.21%, easy access and local IBAN account details in the Czech Republic.
Sources
- mbank.cz/informace-k-produktum/info/ucty/platby-do-zahran... checked September 26, 2026
Backs: Local account details
- mbank.cz/kurzovni-listek checked September 26, 2026
Backs: Currencies
“Kurzovní lístek platný k datu 25-09-2026: PLN, USD, AUD, CAD, EUR, HUF, GBP, JPY, DKK, CHF, NOK, SEK”
- mbank.cz/o-nas/kontakt checked September 26, 2026
Backs: Headquarters, Legal entity, Support channels
“Sídlo společnosti: mBank S.A., organizační složka, Pernerova 691/42, 186 00 Praha 8”
- mbank.cz/o-nas/o-bance checked September 26, 2026
Backs: Founded
- mbank.cz/osobni/sporeni/msporici-ucet-plus checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Rate type
“mSporici ucet Plus s urokem az 4,21 % p.a. ... 0 - 250 000 Kc 4,21 % p.a.”
- mbank.cz/osobni/ucty/mkonto checked September 26, 2026
Backs: Free ATM withdrawals, Audience, Features, Pricing model, Monthly fee, Transfer fee
“Bezplatné výběry doma i v zahraničí při výběru nad 1 500 Kč (poplatek může naúčtovat provozovatel bankomatu)”
Compiled from 6 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type, Deposit protection, Currency conversion fee.
Related by the facts
Guides
mBank CZ
Czech residents who want no monthly fee, free instant payments and savings that pays a variable rate.