FCM BANK Praha, odštěpný závod

FCM BANK Praha, odštěpný závod is the Czech branch of FCM Bank Limited, a credit institution licensed in Malta, operating in the Czech Republic under the EU single passport regime. The branch is entered in the Czech Commercial Register and appears on the Czech National Bank’s list of branches of foreign banks, while prudential supervision remains with the Malta Financial Services Authority; the Czech National Bank oversees certain local conduct and consumer rules. The Prague branch serves as the local point of contact for clients and markets banking services offered by FCM Bank Limited, with accounts and deposits ultimately maintained with the Maltese entity. Deposits are protected by the Maltese Depositor Compensation Scheme up to the EU-mandated limit per depositor and per bank; the Czech deposit guarantee fund does not apply to these accounts. Product documentation and key information must be provided in a clear form and include details on interest calculation, fees, early withdrawal conditions, and settlement timelines; clients should pay attention to account currencies, potential conversion costs, and transfer charges when funding or withdrawing. Standard EU and Czech AML/KYC requirements apply, including identity verification and source-of-funds checks. Complaints can be filed with the bank, escalated to the Czech Financial Arbiter for eligible disputes involving deposit and payment services provided in the Czech market, or taken to the Office of the Arbiter for Financial Services in Malta where appropriate. Tax treatment depends on the customer’s circumstances and applicable Maltese and Czech law, and customers remain responsible for declaring and paying any taxes due.