What are the Best Options to Send Money to the Czech Republic?

Send Money to the Czech Republic

If you often send money to the Czech Republic, are you aware of hidden fees banks and money transfer services charge you?

Don’t feel bad if you’re not; many people do. That’s why we call it a “hidden” fee!

If you notice whenever you send money, banks and money transfer services always change it to local currency. This is where they take a huge cut; some may claim to have “zero charges” but then they charge you with ridiculous exchange rates.

As an example, say you send $1000 from the US to the Czech Republic using Travelex–a service which has $0 fees upfront yet has hidden conversion charge at $124 so you ended up paying more than if you were to use TransferWise for example, which has an upfront cost but no hidden charge!

So if you want to maximize the money you send, you need to do due diligence and check the rates banks and services use in sending and exchanging money. We even made it simpler for you–below are tables where you can check the declared and hidden conversion cost of some of the most popular options for sending money.

Table 1: Sending $1000 from the US to Czech Republic

Transfer method Fees to send $1000 USD Hidden conversion cost Total fees Time for the transfer to arrive
Currency Transfer $0 $5 $5 3-5 days
OFX (previously USForex)* $0 $7.5 $7.5 1-2 days
TransferWise $10 $0 $10 1-4 days
WorldRemit $4 $8 $12 1-3 days
Ria Money Transfer (slow) $5 $13 $18 3-5 days
Paysera $4 $19 $23 1-3 days
Ria Money Transfer (fast) $15 $13 $28 Minutes
Western Union (slow) $5 $34 $39 6 days
1st Contact Forex $20 $22 $42 1-3 days
MoneyGram (slow) $25 $19 $44 3-5 days
Skrill $10 $40 $50 3-5 days
Wire transfer $25-40 $10-20 $35-60 3-5 days
MoneyGram (fast) $81 $19 $100 Minutes
Western Union (fast) $81 $34 $115 Minutes
Travelex $0 $124 $124 3-5 days
MoneyMoveIT $5 $194 $199 1-3 days

Note:

  • Minimum transfer of $500 for OFX (previously USForex).

Table 2: Sending £1000 from the UK to Czech Republic

Transfer method Fees to send £1000 GBP Hidden conversion cost Total fees Time for the transfer to arrive
Currency Transfer £0 £5 £5 3-5 days
Azimo £1 £5 £6 1-3 days
CurrencyFair £2 £5 £7 3-5 days
UKForex* £0 £7.5 £7.5 1-2 days
TransferWise £7 £0 £7 1-4 days
WorldRemit £3 £8 £11 1-3 days
Transfergo £1 £11 £12 1 day
Western Union £5 £9 £14 Minutes
Opal Transfer £3 £15 £18 1-2 days
FairFx £0 £22 £22 3-5 days
Paysera £3 £22 £25 1-3 days
Exchange4free £0 £25 £25 3-5 days
GlobalWebPay £5 £24 £29 1 day
MoneyGram £7 £26 £33 Minutes
1st Contact Forex £15 £22 £37 1-3 days
Skrill £8 £40 £48 3-5 days
Wire transfer £15-25 £10-30 £25-55 3-5 days
Travelex £0 £62 £62 3-5 days
MoneyMoveIT £2 £64 £66 1-3 days
Xpress Money £44 £241 £285 3-5 days

Note:

  • Minimum transfer of £500 for UKForex.

Table 3: Sending $1000 from the Canada to Czech Republic

Transfer method Fees to send $1000 CAD Hidden conversion cost Total fees Time for the transfer to arrive
Currency Transfer $0 $5 $5 1-3 days
CanadianForex* $0 $7.5 $7.5 1-2 days
CurrencyFair $4 $6 $10 3-5 days
TransferWise $12 $0 $12 1-4 days
WorldRemit* $4 $11 $15 1-3 days
Paysera $5 $19 $24 1-3 days
Exchange4free $0 $34 $34 3-5 days
1st Contact Forex $20 $20 $40 1-3 days
MoneyGram $50 $15 $65 Minutes
Western Union $40 $29 $69 Minutes
Skrill $29 $40 $69 3-5 days
Wire transfer $25-40 $20-30 $45-75 3-5 days
Travelex $0 $121 $121 3-5 days

Note:

  • Worldremit can only send 995 CAD from Canada to Czech Republic.
  • Minimum transfer of $500 for CanadianForex.

Table 4: Sending €1000 from the Western Europe to the Czech Republic

Transfer method Fees to send €1000 EUR Hidden conversion cost Total fees Time for the transfer to arrive
Currency Transfer €0 €5 €5 3-5 days
TransferWise €7 €0 €7 1-4 days
UKForex* €0 €7.5 €7.5 1-2 days
Azimo €3 €5 €8 1-3 days
CurrencyFair €3 €5 €8 1-5 days
Transfergo €1 €10 €11 1 day
WorldRemit €4 €10 €14 1-3 days
Paysera €3 €12 €15 1-3 days
MoneyGram €5 €19 €24 Minutes
Exchange4free €0 €25 €25 3-5 days
1st Contact Forex €5 €21 €26 1-3 days
Western Union €0 €30 €30 1-2 days
Small World FS €10 €24 €34 3-5 days
Skrill €10 €40 €50 3-5 days
Wire transfer €20-35 €20-40 €40-75 3-5 days
Travelex €0 €105 €105 3-5 days
Xpress money €38 €237 €275 3-5 days

Note:

  • Minimum transfer of €500 for UKForex.

Table 5: Sending $1000 from the Australia to Czech Republic

Transfer method Fees to send $1000 AUS Hidden conversion cost Total fees Time for the transfer to arrive
Currency Transfer $0 $5 $5 3-5 days
TransferWise $7 $0 $7 1-4 days
OFX (previously OzForex)* $0 $7.5 $7.5 1-2 days
CurrencyFair $4 $7 $11 3-5 days
WorldRemit $4 $16 $20 1-3 days
Paysera $5 $28 $33 1-3 days
Exchange4free $0 $36 $36 3-5 days
1st Contact Forex $15 $28 $43 1-3 days
Skrill $10 $40 $50 3-5 days
Western Union (slow) $10 $44 $54 1 day
Wire transfer $25-35 $30-60 $55-95 3-5 days
MoneyGram $60 $37 $97 Minutes
Travelex $0 $111 $111 3-5 days
Western Union (fast) $70 $56 $126 Minutes

Note:

  • Minimum transfer of $500 for OFX (Previously OzForex).

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