mBank is a popular bank, the Czech branch of the fourth largest bank in Poland.

https://www.banky.cz/seznam-bank/#M

mBank has been operating in the Czech Republic since 2007 and now serves 703,000 customers (7% of the Czech population). It offers services as a high-tech online bank (but with offline branches and offices throughout the Czech Republic).

Biometrics is required (residence permit (visa) or permanent residence in the form of a biometric plastic card, which is issued to all foreigners when extending a visa or permanent residence. You also need Rodné číslo (you can find it on biometrics).

Red Panda made an agreement with mBank, and the bankers are right in our office. This means that you can visit the Red Panda office on Wenceslas Square at any convenient time and open an account in 20-30 minutes.

No, mBank does not refuse to open accounts for citizens of countries under sanctions.

Opening, terminating, and maintaining an account is free of charge. In addition, all payments with the card, receiving, and sending money to the account are free of charge. Payments are charged according to pricing only for a number of specific transactions (money transfers abroad, etc.).

We will pay you 400 CZK in cash right at the Red Panda office, after the account has been opened and approved by the bank!

Yes, you will. Account termination is free of charge, and you have no obligations to mBank after receiving the money. Nevertheless, we advise you to keep an account, because if you use it actively, we will be able to arrange mortgages and loans for you on very favorable terms in the future!

mBank is very interested in opening accounts for students in the long run, before students will eventually get a job and start using the billable services of the bank (for example, they will take out a loan to open their own business, mortgage, etc.). Many Czech banks pay customers for opening a new account.