Partners Banka has emerged as a dynamic addition to the Czech banking landscape, introducing a novel concept that integrates traditional brick-and-mortar branches with a cutting-edge mobile-only platform. Despite being a newcomer, Partners Banka has swiftly positioned itself among the major players in the market, boasting one of the largest networks of physical branches in the country.

Securing its banking license from the Czech National Bank in August, Partners Banka leverages the extensive network of 175 brick-and-mortar branches from the Partners group, instantly establishing itself as the fourth-largest branch network in the Czech banking sector.

Differentiating itself with innovative service packages tailored to individuals, couples, and families, Partners Banka offers a unique product catering to couples: a shared account where both partners enjoy equal rights, a rarity in conventional banking practices. However, this distinctive feature comes with a nominal monthly fee of 49 korunas, ensuring equitable access and management of joint finances.

One of the standout features of Partners Banka is its Mobile-Only banking model, eschewing traditional internet banking for enhanced security and convenience. CEO Marek Ditz emphasizes the reduced risk of phishing attacks associated with web-based banking, underscoring the commitment to safeguarding customers’ financial assets. Moreover, the bank pledges continuous enhancement of its mobile application, with upcoming features including the integration of accounts from other banks for streamlined overview and payments, scheduled for rollout in May.

Partners Banka further distinguishes itself by offering competitive savings account interest rates, with an impressive 6.03 percent rate eclipsed only by Trinity Bank’s 6.3 percent, setting a new standard for returns on savings in the Czech banking sector. Looking ahead, the bank plans to introduce a range of loan and mortgage products in the fall, capitalizing on its robust foundation with a capital base of three billion korunas, exclusively sourced from domestic entrepreneurs and collaborators of the Partners group.

In summary, Partners Banka’s innovative fusion of traditional branch banking with a mobile-first approach, coupled with customer-centric services and competitive offerings, heralds a new era of banking convenience and accessibility in the Czech Republic. With a firm commitment to technological advancement and customer empowerment, Partners Banka is poised to redefine the banking experience for Czech consumers.

Article by Prague Forum