Send Money To Czech Republic

Updated on September 13, 2020
Personal
Business
From
United States Flag
United States
USD
To
Czech Republic Flag
Czech Republic
CZK
1 USD equals
22.445 CZK
09/13/2020 5:19 PM UTC
 
How much to transfer?
$1-1k
$1k-10k
$10k +
Provider
Features
Fees
Score
Speed
Transfer Now
OFX Logo
  • Check Icon
    0.4% margin for new customers referred by iCompareFX
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Online and phone transfers
$
$
$

low

Fees
87
Speed Icon

medium

2-3 days

Less Information
+

Transfer Options

  • Bank transfer
  • Debit card (UK only)
  • BPAY (Australia only)
  • Direct debit (U.S. only)

Features

  • Check Icon
    0.4% margin for new customers referred by iCompareFX
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Online and phone transfers

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    Pay no fees for personal transfers
  • Circle Check Icon
    Get competitive exchange rates
  • Circle Check Icon
    Lets you schedule transfers with ease
  • Circle Check Icon
    Trading in some currencies possible only over the phone
  • Circle Check Icon
    Website access only in English

TorFX Logo
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Forward contracts
  • Check Icon
    Limit and stop loss orders
  • Check Icon
    Travel money solutions for UK residents
$
$
$

low

Fees
72
Speed Icon

medium

2-3 days

Less Information
+

Transfer Options

  • Bank transfer
  • CHAPS (UK only)
  • BACS (UK only)
  • Visa debit card (UK only)

Features

  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Forward contracts
  • Check Icon
    Limit and stop loss orders
  • Check Icon
    Travel money solutions for UK residents

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    Pay no fees for one-off transfers
  • Circle Check Icon
    Schedule transfers between £500 and £10,000 per month
  • Circle Check Icon
    Use hedging tools to protect yourself against FX fluctuations
  • Circle Check Icon
    No multilingual website

XE Money Transfer Logo
  • Check Icon
    Fee-free transfers
  • Check Icon
    Competitive exchanges rates
  • Check Icon
    Limit orders
  • Check Icon
    Multilingual website and customer service
$
$
$

low

Fees
74
Speed Icon

medium

2-3 days

Less Information
+

Transfer Options

  • Bank Transfer
  • BPAY (Australia)

Features

  • Check Icon
    Fee-free transfers
  • Check Icon
    Competitive exchanges rates
  • Check Icon
    Limit orders
  • Check Icon
    Multilingual website and customer service

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    No fees for personal transfers
  • Circle Check Icon
    Accepts payments in several currencies
  • Circle Check Icon
    Target specific rates using limit orders
  • Circle Check Icon
    No debit or credit card payments
  • Circle Check Icon
    No scheduled transfers

WorldRemit Logo
  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website
$
$
$

medium

Fees
63
Speed Icon

fast

1-2 days

Less Information
+

Transfer Options

  • Bank Transfer
  • Debit / Credit card
  • Google / Apply Pay
  • POLi (Australia)

Features

  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

medium

Fees
Speed Icon

fast

1-2 days

Best For

  • Circle Check Icon
    Transfers to cash pickup locations
  • Circle Check Icon
    Transparent rates and fees
  • Circle Check Icon
    Low minimum transfer amount
  • Circle Check Icon
    No hedging tools
  • Circle Check Icon
    No scheduled transfers

Currencies Direct Logo
  • Check Icon
    Forward contracts and limit orders
  • Check Icon
    Scheduled transfers
  • Check Icon
    Travel money solutions for residents of the UK
  • Check Icon
    Multilingual website
$
$
$

low

Fees
84
Speed Icon

medium

2-3 days

Less Information
+

Transfer Options

  • Bank transfer
  • Debit card

Features

  • Check Icon
    Forward contracts and limit orders
  • Check Icon
    Scheduled transfers
  • Check Icon
    Travel money solutions for residents of the UK
  • Check Icon
    Multilingual website

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    Schedule transfers easily
  • Circle Check Icon
    Make use of hedging tools
  • Circle Check Icon
    Accepts customers from most countries
  • Circle Check Icon
    Cannot sign up from all states in the U.S.

TransferWise Logo
  • Check Icon
    Transparent fee structure
  • Check Icon
    Send money to email addresses
  • Check Icon
    Multicurrency account with debit card
  • Check Icon
    Multilingual website & app
$
$
$

low

Fees
75
Speed Icon

fast

1-2 days

Less Information
+

Transfer Options

  • Bank Transfer
  • Credit Card
  • Debit Card
  • Country specific alternatives

Features

  • Check Icon
    Transparent fee structure
  • Check Icon
    Send money to email addresses
  • Check Icon
    Multicurrency account with debit card
  • Check Icon
    Multilingual website & app

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

fast

1-2 days

Best For

  • Circle Check Icon
    User friendly mobile app
  • Circle Check Icon
    Multi-currency account
  • Circle Check Icon
    Travel debit card
  • Circle Check Icon
    No scheduled transfers
  • Circle Check Icon
    No dedicated account manager

How to send money to Czech Republic

How To Step Icon
Step 1
Comparing alternatives, creating an account
Comparing alternatives, creating an account
Sift through the various money transfer companies that allow you to send money to Czech Republic, and select the best alternative.
Create a personal or business account by giving the company you choose the required information.
This typically includes details from a valid identity document such as your passport or driver's license.
How To Step Icon
Step 2
Reviewing exchange rates, getting started with the transfer
Reviewing exchange rates, getting started with the transfer
Decide if you wish to transfer money to Czech Republic now by reviewing CZK exchange rates from the last few months.
To get the transfer process started, get a rate quote from your service provider by informing it of how much money you plan to send. Confirm the transfer by locking the rate on offer.
Find out how long it might take for the money to reach the recipient, and provide the recipient's local bank account details.
How To Step Icon
Step 3
Making the payment, tracking the transfer
Making the payment, tracking the transfer
Depending on the company you sign up with, you may get to pay for your transfer in different ways.
Your service provider does not send money to Czech Republic until it receives your payment.
You may check your service provider's website for updates surrounding your transfer's progress. Several companies also use email and text notifications to keep their customers updated.

Currency Symbol and Swift Codes

The Czech koruna (CZK) has served as the official currency of Czech Republic since 1993. As part of the European Union, Czech Republic is required to switch to the euro at some point in the future. The Czech koruna is also referred to as the Czech crown.

If you plan to transfer money to a bank account in Czech Republic, you will need the bank’s SWIFT code. The corresponding table lists SWIFT codes of some of the leading banks in the country.

BANKBRANCHSWIFT CODE
Ceska SporitelnaPragueGIBACZPXXXX
Komercni BankaPragueKOMBCZPPXXX
Ceskoslovenska Obchodni BankaPragueCEKOCZPPXXX
UniCredit BankPragueBACXCZPPXXX

 

Case Study

Jakub had lived in Prague for most part of his life. When he was required to relocate to Germany because of work, he was certain that he wanted to return to Czech Republic in the future. Upon moving to Germany, he had to keep making repayments toward his home loan. A friend told him that specialist money transfer companies typically offered better deals than banks, so he decided to compare his options. This is what he found.

 BANKMONEY TRANSFER SERVICE
Exchange rateEUR 1 = CZK 25.0161EUR 1 = CZK 25.2489
Transfer feeEUR 20EUR 0
Amount received for EUR 5,500CZK 137,088.23CZK 138,868.05
Transfer time2 to 5 days1 to 2 days
Transfer optionsBank accountBank account
Difference of CZK 1,780.72

Jakub benefited in more than one way by selecting the money transfer company instead of the bank. Not only did he manage to make slightly larger repayments toward his loan, he could lock in exchange rates for up to 12 months. In addition, he could schedule his transfers so he did not have to carry them out every month.

 

Cash Pickup Locations in Czech Republic

You may use the services of companies such as Western Union and MoneyGram if you want to send money to Czech Republic quickly. Sending money to a cash pickup center is also an option if the recipient does not have a Czech bank account.

WESTERN UNION IN CZECH REPUBLIC 
Prague Phuong Nam Tuan Spol S R O Libusska 319 Shop Tp 07 PragueTipsport Americka 339/39 Praha
Brno Ceska Posta S P Postovska 3 5 Brno 1 BrnoCeska Posta S P Husova 4 Brno 10 Brno
MONEYGRAM IN CZECH REPUBLIC 
Prague Fortuna Game Stanice Metra Namesti Miru PrahaAurelium Industries Legerova 62 Praha
Brno Fortuna Game Solnicni 636/3a BrnoSmenarna Exchange Masarykova 32 Brno

 

Safety Tips for Picking Up Cash in Czech Republic

Instances of violent crime in Czech Republic are rare. However, petty crimes such as bag snatching and pickpocketing are common, especially in and around Prague. When exchanging currency, make sure you do so at a bank or a currency exchange office, because you may get counterfeit banknotes when exchanging currency on the street.

Remain vigilant at Prague’s main station, at popular tourist spots, at major hotels, and when using public transportation. There have been instances of thieves operating in gangs and robbing victims by swarming and jostling them. Do not leave valuables or any other luggage in parked cars because car break-ins are known to occur in the bigger cities.

Do not leave your food or drink unattended, and do not accept food, drinks, or cigarettes from strangers or acquaintances. This is to avoid getting drugged and put yourself at risk of robbery and sexual assault.

 

What Information Do I Need to Transfer Money to Czech Republic?

When you transfer money to Czech Republic you will need to provide some information depending on the transfer method you select.

  • Sending to a bank account. You will need the recipient’s complete name and IBAN along with the receiving bank’s name and SWIFT code.
  • Sending to a cash pickup center. Get the recipient to identify a suitable cash pickup center because you will need this information along with the recipient’s complete name. The recipient may collect the transferred money by presenting a valid form of ID and a transaction number.

 

Regulations When Transferring Money To and From Czech Republic

The Czech koruna is a fully convertible currency and the Czech Republic does not have any exchange controls that affect trade in goods. The Czech National Bank is responsible for overseeing the country’s payment systems, and it also works in safeguarding the stability of the koruna. The Clearing and Settlement System owned by the Czech National Bank functions as the country’s only interbank settlement system.

Convert USD to CZK

Check out the historical exchange rates for the last thirty days. Learn how much you can save by using a global money transfer company instead of the big banks.
USD
CZK
Sending money online through specialist money transfer companies.

Expect to receive between Kč2222.07 and Kč2235.54 when sending money from USD to CZK at today's exchange rate.

Compare that to sending money overseas through retail banks. Expect to receive approximately Kč2132.29, not including additional banking fees. That is an average saving of Kč96.51.
Currency exchange rate in the last 30 days

Need more information?

Read useful guides on international remittance and more detailed reviews on the best money transfer services.

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