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Welcome to LBBW Bank CZ a.s.

IQ Professional account

What is an IQ Professional Account?

The LBBW Bank IQ Professional Account is a comprehensive package of banking services linked to a current account. The IQ Professional Account is designed for self-employed persons (freelance professions), and the management of their business finances. Its advantages will be appreciated by people who make frequent transfers of funds, control their finances through electronic or Internet banking, and actively use their payment cards.

Who is this product intended for?

The IQ Professional Account is designed for self-employed professionals (freelance professions), such as doctors, pharmacists, dentists, veterinary surgeons, lawyers, notaries, court-appointed experts, official interpreters, auditors, tax consultants, accountants, executors, auctioneers, bankruptcy trustees, authorized engineers and technicians, authorized architects, and patent agents.

What is included in an IQ Professional Account?

The IQ Professional Account is offered in two variants that differ by the extent of basic services:

  • IQ Professional Account for CZK 139 / month
  • IQ Professional Account+ for CZK 459 / month

Optional services

  • Sending an informational SMS in case of a balance change on the account or if there is a credit card transaction

IQ Professional Account (CZK 139 / month):

Advantages of an IQ Professional Account

  • Unlimited number of escrow accounts*
  • 30 standard outgoing domestic payments from the main account per month (one-time payments or standing order payments entered via Internet banking)
  • Entering, changing, and canceling recurring payment orders via Internet banking
  • Incoming domestic payments to the main account - free of charge
  • Transfers from and to your LBBW Bank accounts via Internet banking - free of charge
  • Cash deposits to the account - free of charge
  • Professional account management services (banking advisor)

* If you are a notary, lawyer, bankruptcy trustee, or executor, LBBW Bank's IQ Professional Account allows you to open an unlimited number of escrow accounts. There can be only one escrow in an account at a time. Information on the current account balance by phone is free of charge.

IQ Professional Account+ (CZK 459 / month):

Advantages of an IQ Professional Account+

  • Unlimited number of escrow accounts*
  • 30 standard outgoing domestic payments per month from the main account (one-time payments or payments based on a recurring payment order entered via Internet banking)
  • Entering, changing, and canceling recurring payment orders via Internet banking
  • Incoming domestic payments to the main account - Free of charge
  • Transfers to and from your LBBW Bank accounts via Internet or electronic banking - Free of charge
  • Cash deposits to the account - Free of charge
  • Professional account management services (banking advisor)

* If you are a notary, lawyer, bankruptcy trustee, or executor, LBBW Bank's IQ Professional Account allows you to open an unlimited number of escrow accounts. There can be only one escrow in an account at a time. Information on the current account balance by phone is free of charge.

Requirements for opening an IQ Professional Account

Self-employed persons

  • One identification document
  • Extract from the Trade Licensing Register, which is not older than three months, or
  • Business license in the form of a certificate of membership in a professional association
  • Identification Number certificate

Self-employed persons incorporated in the Commercial Register and legal entities

  • One identification document
  • Extract from the Commercial Register, which is not older than three months
  • Certificate of membership in a professional association

Agent

  • One identification document

Note: An identification document is a personal identification card or a passport. For foreigners, it is a passport with i) a valid long-term visa or ii) a valid residency permit.

More information

How to open an IQ Professional Account?

The process is simple. Call 844 844 822 from Monday to Friday, and you will be contacted by our staff within 24 hours the next business day. You can also visit any LBBW Bank branch.

IQ Professional account


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