Sending and Receiving Money

Sending and Receiving Money

If you reside in the EU you can use wire transfer from your bank to your bank account in Czech Republic (you need IBAN account no. plus an address of receiving bank). This usually takes around 2 days for money to appear in your account (but may take up to 10 days). If you reside outside the EU then you can use wire transfer using SWIFT address and this will take about 3 (but might take up to 14 days). Banks in Prague charge from 100 CZK 500 CZK flat fee for receiving funds (or 1% to 2% of the sent amount).