mBank CZ review
Updated September 28, 2026 · DebitCue Editorial Team · Facts checked September 26, 2026
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Our verdict
mBank CZ suits anyone in the Czech Republic who wants a free current account and pays in more than one currency, with monthly fees of CZK 0 and a currency conversion charge of 0%. Pair it with the credit card when the cashback on contactless payments matters, and weigh the annual fee it adds.
Key facts
- Best for
- A cheap multi-currency current account with a Mastercard debit card.
- Monthly fee
- CZK 0 (Source, checked September 26, 2026)
- Currency conversion fee
- 0% (Source, checked September 26, 2026)
- Free ATM withdrawals
- CZK 1,500 (Source, checked September 26, 2026)
- Card type
- Debit (Source, checked September 26, 2026)
- Card network
- Mastercard (Source, checked September 26, 2026)
- Legal entity
- mBank S.A. (Source, checked September 26, 2026)
- Headquarters
- Czechia (Source, checked September 26, 2026)
- Founded
- 1986 (Source, checked September 26, 2026)
- Features
- Virtual card, Travel, Multi-currency
- Official website
- mbank.cz
Credit cards
- Annual fee
- CZK 29 (Source, checked September 26, 2026)
- APR
- 23.8% (Source, checked September 26, 2026)
- Currency conversion fee
- 0% (Source, checked September 26, 2026)
- Rewards type
- Cashback (Source, checked September 26, 2026)
- Rewards rate
- 1% on mobile and smartwatch payments (Source, checked September 26, 2026)
- Perks
- Mastercard Priceless Specials, Free cash withdrawals abroad over 1,000 CZK, Digital wallet support (Source, checked September 26, 2026)
- Cashback rate
- 1% (Source, checked September 26, 2026)
- Card kind
- Credit (Source, checked September 26, 2026)
- Legal entity
- mBank S.A. (Source, checked September 26, 2026)
- Headquarters
- Czechia (Source, checked September 26, 2026)
- Founded
- 1986 (Source, checked September 26, 2026)
- Features
- Virtual card, Travel, Multi-currency
Pros and cons
Pros
- The current account carries a monthly fee of CZK 0 and converts currency at 0%.
- The card is a debit card on Mastercard: mastercard, with digital wallet support among the perks: Mastercard Priceless Specials, Free cash withdrawals abroad over 1,000 CZK and Digital wallet support.
- Virtual card, travel and multi-currency features come with the account: virtual card, travel and multi currency.
Cons
- The credit card option adds an annual fee of CZK 29 and interest at 23.8%.
- Cashback of 1% applies only to mobile and smartwatch payments: 1% on mobile and smartwatch payments.
- The free ATM allowance is CZK 1,500, which ranks 32 in the comparison.
Who it suits
- Czech residents who travel or shop across several currencies and want conversion at no cost.
- People who want a virtual card for online spending alongside the physical card.
- Anyone happy to add the bank's credit card to earn cashback on mobile and smartwatch payments.
Who should look elsewhere
- Wise, if the money is held outside the Czech market, where its monthly fee is £0.
- Varo Believe Secured Credit Card, if a secured card is enough and its monthly fee is $0.
- Chime Card (Secured Visa Credit Card), for card-only users who want Visa rather than Mastercard, with a monthly fee of $0.
Who runs it
The account is issued by mBank S.A.: mBank S.A., a provider headquartered in the Czech Republic: CZ. The bank has been trading since 1986, so it is a long established domestic name rather than a recent entrant. The current account and the card come from the same provider, which keeps the paperwork to one relationship.
How mBank CZ compares
9.5 vs 9.4
9.5 vs 9.0
9.5 vs 8.9
9.5 vs 9.2
9.5 vs 8.8
9.5 vs 8.5
9.5 vs 8.5
9.5 vs 9.0
9.5 vs 8.8
9.5 vs 8.8
9.5 vs 8.7
9.5 vs 9.2
9.5 vs 9.0
9.5 vs 8.9
9.5 vs 8.8
9.5 vs 9.6
9.5 vs 9.4
9.5 vs 9.4
9.5 vs 9.2
9.5 vs 9.1
9.5 vs 9.1
9.5 vs 9.1
9.5 vs 9.1
9.5 vs 8.8
9.5 vs 8.8- 9.5 vs 8.8
- 9.5 vs 8.8
9.5 vs 8.8- 9.5 vs 8.8
9.5 vs 8.5
9.5 vs 8.5
9.5 vs 8.5
9.5 vs 8.3
9.5 vs 8.2
9.5 vs 8.0
9.5 vs 8.0
Where mBank CZ is available
- Available
- Czechia
Countries from the brand (Source, checked September 29, 2026)
Frequently asked questions
What does the mBank current account cost each month?+
The account carries a monthly fee of CZK 0, and it ranks 1 in the comparison for that figure. Converting currency costs 0%, so spending in another currency adds nothing to the account bill.
What does it cost to spend in another currency?+
Currency conversion is 0% on this account, and it ranks 1 in the comparison on that measure. The account also supports multi-currency: virtual card, travel and multi currency, so several currencies can be held and spent from the same card.
How much can I take out of cash machines?+
The free ATM allowance on the current account is CZK 1,500, which ranks 32 in the comparison. Abroad, the card's perks list free cash withdrawals above a set amount: Mastercard Priceless Specials, Free cash withdrawals abroad over 1,000 CZK and Digital wallet support.
Is there a credit card I can add to the account?+
There is a credit card: credit, with an annual fee of CZK 29 and an APR of 23.8%. It is separate from the debit account, so the fee applies only if you pick it up, and it pays cashback of 1% on mobile and smartwatch payments.
What kind of card comes with the account?+
The card is a debit card running on Mastercard: mastercard. Travel and a virtual card are listed among the account features: virtual card, travel and multi currency, and the card's perks add Mastercard Priceless Specials, free cash withdrawals abroad over a set amount and digital wallet support: Mastercard Priceless Specials, Free cash withdrawals abroad over 1,000 CZK and Digital wallet support.
Who runs the account and where is it based?+
The account is run by mBank S.A.: mBank S.A., with headquarters in the Czech Republic: CZ. The bank dates back to 1986, so it is a long standing provider in its home market rather than a new name.
Who does this account suit?+
It suits people in the Czech Republic who travel or shop across currencies, since conversion is 0% and the account supports multi-currency: virtual card, travel and multi currency. The card runs on Mastercard: mastercard, and a virtual card is available for online payments.
How does it compare on cost with other accounts?+
The overall score is 7 out of ten, with the cost part at 7. The account ranks 1 on monthly fee and 1 on currency conversion, while free withdrawals rank lower at 32.
Sources
- en.wikipedia.org/wiki/MBank checked September 26, 2026
Backs: Founded
“mBank S.A. was founded in 1986 and is headquartered in Warsaw, Poland”
- mbank.cz checked September 26, 2026
Backs: Card kind, Headquarters, Legal entity
“mKreditka credit card”
- banky.cz/banky/mbank/mkreditka checked September 26, 2026
Backs: Annual fee, Cashback rate, Perks, Rewards rate, Rewards type
“29 Kč (approximately €1) after the first 3 months are free, though waived if monthly spending reaches 4,000 CZK”
- mbank.cz/informace-k-produktum/sazebnik/osobni-finance/sa... checked September 26, 2026
Backs: Card type
“Typ debitni karty mKarta - mKonto debit card”
- mbank.cz/osobni checked September 26, 2026
Backs: Features, Currency conversion fee, Card network
“Virtualni karty; mKreditka Travel - platby v cizi mene, cestovni pojisteni”
- mbank.cz/osobni/ucty/mkonto checked September 26, 2026
Backs: Free ATM withdrawals, Monthly fee
“mKonto - vybery nad 1 500 Kc zdarma; zalozeni a vedeni uctu zdarma”
- mesec.cz/produkty/kreditni-karty-pro-obcany/mkreditka-mbank checked September 26, 2026
Backs: APR
“23.8 % p.a.”
Compiled from 7 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Protection.