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Bank Accounts for Trusts – Farewell WSPK

Posted on: 19 Apr

It is not always easy to open a bank account for a Czech Trust.

In the past, one of the best choices was Waldviertler Sparkasse Bank AG (WSPK) and we successfully directed a number of our clients to that bank.

Unfortunately, WSPK was recently taken over by Česká spořitelna, a. s. (CS). Following the takeover, CS has begun unilaterally closing trust accounts. This is a very disappointing approach as they are doing this without any attempt at consultation or discussion with clients and seem to be prioritising internal policies over common sense and good customer service.

If you are affected by this change, please contact us. We can recommend alternative banking providers who will be able to meet your needs.

Farewell WSPK.  You will be missed.