Equabank Current Account




Good afternoon all. I'm annoyed with my current back as they are increasing fees. Does anyone have experience with this?: http://www.equabank.cz/en/products/current-account/ It sounds almost too good to be true. I just need to confirm that the embossed card charge is one off and not monthly. I have already heard that the savings account works well with them. Does anyone else have contact with Equabank? Thanks! ;)

13:44:26 03.01.2012 Rob_Prague_2004

Quote: Rob_Prague_2004It sounds almost too good to be true. I just need to confirm that the embossed card charge is one off and not monthly. I have already heard that the savings account works well with them. Does anyone else have contact with Equabank? Thanks! ;)

Its a one-off charge :) It only sounds too good to be true because we are all used to the usual "customer service" & rip-off charges from most Czech banks... Very happy with Equabank - online works well / good English-speaking branch & telephone service / competitive interest rates & Kc 9 ATM charge in the CR & worldwide! :D

22:51:52 03.01.2012 hroch

Thanks for the advice Hroch. That makes 2 positive reviews of Equabank. It seems I don't even have to go to my previous bank to close my account, they just transfer it for you. Did you do it this way? I'm a bit scared of something going wrong... :S Dik!

13:01:05 10.01.2012 Rob_Prague_2004

Quote: hroch ... we are all used to the usual "customer service" & rip-off charges from most Czech banks...

now i am i no way supporting the rip-off charges from most "czech" banks - just find it slightly ironic that the two newest banks without charges are actually Czech (owned) banks and the other "Czech" banks are all foreign owned :D btw - i posted an EU doc a while back that indicated that the banking fees in the CR are at about the mid-point when considering the entire EU ...

13:10:48 10.01.2012 meluzina

Quote: meluzina...i posted an EU doc a while back that indicated that the banking fees in the CR are at about the mid-point when considering the entire EU ...

You can post whatever you want but every proper Prague expat knows that all Czech banks are rip-offs and the prices of electronics here are the highest in the near Universe.

13:46:11 10.01.2012 mxp_banned

Quote: mxp_bannedYou can post whatever you want but every proper Prague expat knows that all Czech banks are rip-offs and the prices of electronics here are the highest in the near Universe.

Actually, I compared the price of HTC Wildfire phones when I was last in the UK. The price was exactly hte same (there used to be a huge difference with everything like this, but it doesn't seem to be the case any more). Regarding the banks, I think it reflects the fact that UK and US expats are used to free current accounts. In reality, banks in these countries use current accounts as a loss leader, and make all their money on other services (credit cards, loans, mortgages). Here (and in places like France), the credit market is less "developped", so banks make their money from the basic current account. One thing I don't get are the silly little charges like 2 CZK for an incoming domestic payment. I can't believe the money they make out of this justifies the cost of administering the charge...

14:11:56 10.01.2012 Rob_Prague_2004

Quote: Rob_Prague_2004One thing I don't get are the silly little charges like 2 CZK for an incoming domestic payment. I can't believe the money they make out of this justifies the cost of administering the charge...

I think that nowadays most banks don't charge this fee anymore.

17:02:32 10.01.2012 mxp_banned