Whether you are looking to remit money to Czech Republic to pay for a home, to transfer your pension or simply to send money to your family and friends, there are a number of options available to you.
The best option often depends on your personal circumstances and it is recommended that you research the best way of moving your cash before undertaking any transfers.
For the most part, there are three ways for you to remit money to the Czech Republic. You can either use a bank, a Money Sending Bureau or a foreign exchange broker. The final decision could see individuals save themselves a considerable sum of money.
Take for example those that choose to send money through a Money Sending Bureau. While the option is a good method to remit money to Czech Republic to recipients that do not possess a bank account, the per-transfer fees involved can be as high as 15 per cent and you may not get the best foreign exchange rate.
For those that are looking to transfer Czech koruna through a bank transfer there are also a number of positives and negatives.
The service can be set up with one visit to your local bank or a phone call and can be transferred to any number of Czech banks such as the Czech National Bank, Komercni banka or Zivnostenska banka.
Unfortunately, with convenience comes cost, with the likelihood that per-transfer fees will be imposed on every transaction you make. This means that those looking to remit money to Czech Republic on a regular basis could end up paying a considerable amount more than they intended.
The third option is to visit a money transfer service, such as Xendpay.
We offer great currency exchange rates and a low fee service when you transfer money to Czech Republic with us.
Why not open an online account with Xendpay today? It’s quick, free and easy and will allow you to remit money from the comfort of your own home!