Special Offer - 5 for 50 Account

Self-employed professionals (freelance professions), judges and barristers-at-low can take advantage of a special offer to open a 5 for 50 Account.

The LBBW Bank 5 for 50 Account is designed for private individuals from the Czech Republic and abroad. It is intended only for private purposes and not for business or commercial activities.

The advantage of the 5 for 50 Account is the fact that you can put together a package of banking products and services according to your needs and requirements.

The 5 for 50 Account is only available in Czech crowns.

Maximum deposit:	unlimited
Monthly administration fee:	50 CZK*

Only LBBW Bank offers a great bundle of services for the incredibly low monthly fee of CZK 50*. The package includes:

• bundle of basic fixed products and services
• seven additional optional products or services

* The Gold payment card MasterCard Gold option is subject to a CZK 70 monthly account administration fee.

What products and services are available?

Overview of basic and optional services

Basic services

• current account with 0,25 % p.a. interest rate
• quarterly account statements sent by mail*
• one SIPO payment per month
• all recurring payments within the Bank entered by electronic means free of charge
• password for communication with LBBW Bank (for example to obtain account balance by telephone)

*In case the service of internet banking is not set up with the product, the bank will be obliged to send monthly paper statements for the fee specified in the Price List.

Optional products and services. Choose seven products!

• Internet banking* (incl. electronic account statements)
• embossed payment card MasterCard Standard** or Maestro (for account holder)
• Gold payment card MasterCard Gold (for account holder) **/***
• a second payment card for half of the annual fee (for account holder or authorized person)
• monthly account statements sent by mail
• IQkredit (account overdraft)
• special interest rate of 1 % p.a.
• five outgoing domestic CZK payments entered by electronic means (standard one-time and recurring payments) ****
• four direct debits per month
• all incoming domestic CZK payments free of charge
• link to a LBBW Savings Account in CZK

* Does not include issuing of Chip card reader.

** In case that cashless transactions at a minimum total amount of CZK 5 000 CZK will not be made with the MasterCard payment card in the previous month, a fee for card management will be charged in accordance to the List of fees - Payment Cards.

*** The Gold payment card option is subject to a CZK 70 monthly account administration fee.

**** This service can be selected three times; each of them will be counted as one service.

The selected seven products/services can be changed at any time based on your current needs. All you have to do is visit your branch or contact your personal banker. Changes are subject to a fee according to the Bank's Table of Fees and Commissions.

Requirements for the special offer to open a 5 for 50 Account

• completing an application
• age over 18 years
• one identification document
• minimum deposit (balance) of CZK 100
• the applicant must be a self-employed professional (freelance profession), or be already using a LBBW Bank product designed for self-employed persons, such as Professional Account/ Professional Account + or Escrow Account

In case of new customers, documents proving their entrepreneurial activity must be delivered:

• abstract from the Trade Licensing Register not older than three months or
• certificate of membership in a professional association or
• statement from the Commercial Register not older than three months or
• other documents replacing the business licence and identification number

Additional information

• Table of Interest Rates - Private and Personal Banking
• Table of Fees and Commissions / 5 for 50 Account

How to open a 5 for 50 Account?

Call the customer service line at 844 844 822 (8:00 - 19:00 on business days) and our staff will contact you next working day at the latest. You can also visit any LBBW Bank branch; selected branches are open on weekends.

If you are already using a LBBW Bank product, contact your personal banker to arrange an appointment at a LBBW Bank branch, in your office, or at your home.