Compare all the best ways to send money to Czech Republic

Pay attention to CZK exchange rates, as it determines how much CZK your recipient will receive.

For instance, today’s average USD to CZK rate is 24.1795 but the highest rate over the past 3 months was 24.051 CZK/USD.

Your aim is to transfer when CZK reaches a higher value so waiting a few days could result in a better rate, hence more CZK received.

For urgent Czech Koruna transfers, we recommend Wise. It consistently provided the best CZK rates over the past six months.

How you fund your transfer affects the cost, speed, and the amount of Czech Koruna the recipient will receive.

The cheapest way to fund your transfer to Czech Republic is with a Bank transfer via Revolut, which is 0.5% cheaper than the next cheapest service.

Based on our six-month analysis of a $2,000 transfer from to Czech Republic, here are the top options:

• Revolut (bank transfer): Costs $0 + 0.13% markup on top of the CZK mid-market rate.

• Wise (debit card): Costs $16.35 + 0% markup.

• Xe (credit card): Costs $44.24 + 1.4% markup.

Debit card is the most expensive deposit method for Czech Koruna transfers, so we recommend avoiding it to maximize the amount of CZK received.

Credit card transfers may result in cash advance fees and higher interest rates when sending money to Czech Republic.

For instance, Wise charges $73.24 for credit card deposits, while Revolut charges $0 for bank transfers.

Avoid sending CZK over the SWIFT network, as it's slower and more expensive. Instead, consider cheaper options like ACH or account balance for CZK transfers.

Money transfer companies often have minimum and maximum limits on how much CZK you can transfer.

The amount of CZK you send can impact the fees and exchange rate. Some services such as Wise may offer a better exchange rate for large CZK transfers.

There may also be government-imposed restrictions, commercial limitations, and other factors that may affect how much CZK you can send.

To ensure your money transfer to Czech Republic goes smoothly, especially if moving large amounts of Czech Koruna, use our comparison tool to find the service that best fits your needs.

The speed of sending Czech Koruna to Czech Republic depends on factors like the amount of CZK sent, the chosen deposit and withdrawal methods, and when you send CZK.

As a rule of thumb, faster transfers come with higher fees.

Let’s imagine you want to transfer 2,000 USD to Czech Republic, here are your options:

• For the fastest transfers, use Wise - Out of 19 companies serving Czech Republic, Wise appeared 14 times in our searches as the fastest service in the past 6 months.

• For bank and card deposits, use Wise - Wise provides fast and affordable CZK transfers, with fees around $10.69 for bank account deposits and $14.27 for debit/prepaid card deposits, with a small 0.01% markup on the ‘real’ CZK exchange rate.

• For credit card transfers, use Xe - Xe charges $57.99 for credit card transfers to Czech Republic with 1.09% markup. However, beware of potential cash advance fees and higher interest rates from your credit card company.

• For urgent transfers, use cash transfer services - If you need Czech Koruna to be delivered urgently, services like Western Union, MoneyGram, or Ria Money will have it ready within minutes for collection in Czech Republic.

Avoid using the SWIFT network for CZK transfers, as intermediary banks slow the process. Instead, opt for faster and more cost-effective alternatives discussed above.

For CZK transfers, you have the following options:

1. Money transfer company - You can transfer money online using an FX broker (managed service) or a self-managed online company like Wise. Based on our 6-month analysis, Wise ranked as the top provider for sending money to Czech Republic, appearing in 28 comparisons involving CZK.

2. Mobile apps and digital wallets - Many services available in Czech Republic offer mobile apps, often giving transfer offers on CZK rates.

3. Cash transfers - You can send cash to Czech Republic through services like Ria Money, MoneyGram, or Western Union. Cash transfers are typically instant, but the recipient must visit a local agent in Czech Republic to collect the Czech Koruna.

4. Wire transfers - While you can wire money to Czech Republic through your bank, we advise against it. Banks can charge up to $60 per transfer to Czech Republic and add 5% - 6% to the CZK exchange rate. Instead, use bank transfer to deposit money to Wise and send CZK from there.

There are several ways to receive money in Czech Republic, and choosing the right one will help the recipient get the most CZK. Mainly, these are:

• Deposit to bank account - For direct bank deposits in Czech Republic, we recommend Revolut, which appeared in 65.6% of CZK searches as the cheapest option for bank transfers. CZK will arrive directly to the recipient's bank account in Czech Republic.

• Deposit to digital or mobile wallet - CZK can be sent directly to digital wallets like PayPal, though this option often has more limitations and higher costs compared to services like Revolut. Recipients in Czech Republic will need to transfer it to their account, which may incur more fees.

• Cash pickup or home delivery - If the recipient needs CZK urgently or doesn't have access to a bank account in Czech Republic, cash pickup or door-to-door delivery is a good alternative. Be sure to check if these services are available in Czech Republic. This will require the recipient to visit a nearby agent in Czech Republic.

When making large CZK transfers or sending Czech Koruna for cash pickup, the recipient may need the following:

• Government-Issued ID: This can be a non-expired and valid passport, driver’s license, or national ID of Czech Republic.

• Sender’s Details: Full name, address, and other personal information.

• Transfer Details: The amount being received in CZK.

• Transfer number: This is given at the time of transfer.

• SWIFT Code / IBAN: This may be required for bank transfers to Czech Republic from some countries.

*The exact documents may vary depending on the transfer method and service used.

For bank accounts, debit cards, or wallet deposits, the recipient typically doesn’t need to do anything. Czech Koruna will arrive without their involvement.

For larger transfers, companies may request additional documents like proof of funds and address verification in compliance with Anti-Money Laundering policies.

We recommend using Wise for transferring large amounts of Czech Koruna.

There may be tax implications and government-imposed limits on Czech Koruna transfers.

Some Czech Koruna transfers may be subject to gift tax, commercial tax, and other types of taxes.

Even if no immediate taxes or limits apply, larger CZK transfers may need to be reported to tax authorities in Czech Republic or your home country.

To be fully safe, we strongly recommend consulting with a tax professional in either Czech Republic or your home country to ensure compliance with relevant regulations and tax laws.