Some of the best money transfer services to send money from the USA to the Czech Republic Best Exchange Rates: TransferWise. Sending Money to Family and Friends: Remitly. Smaller Amounts: WorldRemit. Fee Free: OFX. Best Big Brand: Xoom, powered by PayPal.
TransferWise Cost: One of the cheapest . TransferWise offers some of the best exchange rates you can find, and upfront fees tend to be lowest if you use a bank account, typically less than 1% of the transfer amount. For sending $10,000 or more, though, you might find OFX a better deal.
As the official currency, the Czech crown is the best and often the only possible currency to use when paying. Although the Czech Republic is part of the European Union, the euro is not widely accepted here. Some stores, restaurants and hotels accept payments in euros but the exchange rate may not be very favorable.
While being in Prague , you can use Czech Koruna (CZK), which is also known as Czech Crown, for any of your payments. Euros are accepted at some establishments but with low exchange rates. So, it is much better if you use korunas rather than euros.
How to transfer money to Czech Republic online ? Register for free. Sign up online or in our app for free. Choose an amount to send . Tell us how much you want to send . Add recipient’s bank details . Fill in the details of your recipient’s bank account . Verify your identity. Pay for your transfer . That’s it.
In Czechia , it is available since 2005. A year later, the service began to support the Czech crowns. But as of April 27, 2018, PayPal is finally in Czech language (but still only web).
In addition to the international transfer fee , a margin on the daily exchange rate is also tacked on to most foreign transfers . This rate is typically around 5% at most major banks , so if you’re sending $10,000, you may have to pay up to $500.
Specialist providers are fully regulated, and, in many cases, the recipient can get money directly into their bank account, pick it up as cash, or enjoy other ways of accessing their funds. If you want to avoid international money transfer fees , we recommend three providers, OFX, XE and WorldRemit.
Best banks for international travel Charles Schwab Bank: Best for using ATMs. Capital One 360 : Best on foreign transaction fees. HSBC Bank : Best for expats. Citibank : Best for wiring money.
An average tourist will spend around 2500 CZK (100 EUR) per person per day . The lowest daily budget can be as low as 900 CZK if you stay at hostels, eat takeaways and use public transport. If you stay in private accommodation, eat at average restaurants but control your budget you can get by on 2500 CZK a day .
The rate of violent crime is low and most areas of Prague are safe to walk around even after dark. Be careful on Wenceslas Square. It is usually packed with tourists and the crowds make things easy for pickpockets. There have also been cases of trusting “love-seekers” being robbed of all their money at night .
How much money will you need for your trip to the Czech Republic ? You should plan to spend around Kč1,945 ($91) per day on your vacation in the Czech Republic , which is the average daily price based on the expenses of other visitors.
Food and drink in most restaurants, cafés and shops in Prague is cheaper than in Western Europe. Cash machines in Prague accept debit and credit cards backed by Visa, Mastercard, American Express and Maestro.
Tipping is not required for taxi services in the Czech Republic . However, if you have a driver that has been helpful you may wish to round up the fare. If you decide to do this just tell the driver the total amount you wish to pay.
Based on the spending habits of previous travelers, when dining out an average meal in Prague should cost around Kč196 per person. Breakfast prices are usually a little cheaper than lunch or dinner . The price of food in sit-down restaurants in Prague is often higher than fast food prices or street food prices .