Home / Money Exchange, ATMs (page 2)

Money Exchange, ATMs

Money may be changed at the airport, train stations, in banks, in major hotels (but offering poor rates), and in the centre of Prague at numerous exchange offices. Usually Prague banks charge lower fees (commission around 2 per cent) for currency exchange than bureaux de change and hotels in the city. Before you hand over your money confirm the exchange rate and commission charges, as once the transaction is proceeding it is hard to negotiate a reversal of the transaction. If someone approaches you on the street and offers you a good exchange rate you might get counterfeit notes. We highly recommend Xchange on the corner of Kaprova and Maiselova Streets where you definitely get the best rate (near the Old Town Square just behind St. Nicholas Church).

Legal tenders – Crown (Kc = Koruna ceska = Czech crown; CZK)

Coins – CZK 1, 2, 5, 10, 20, 50

Banknotes – CZK 100, 200, 500, 1000, 2000, 5000

Czech National Bankofficial exchange rates

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 …

Read More »

Cashing Travellers Cheques in Prague

Travellers Cheques are easy to use. Banks usually charge around 2 % commission for cashing traveller’s cheques. Exchange offices will charge you between 3 to 10 % commission but their rates might be slightly better. Thomas Cook and Amex change their own branded cheques without commission. Amex and TC have …

Read More »