Want to wire money to the Czech Republic? Are you considering a wire to transfer the money to the Czech Republic? Before you walk into your financial institution to organise it, be sure to check out the wire transfer fees. You may get a shock as to how much the costs will be and depending on the amount, it might not be worth sending the money by bank wire transfer to send the money using another method.
What makes even more costly is in addition to your bank charging a fee for sending the money to a place in the Czech Republic, the individual receiving the funds will possibly also be charged a fee at their end. A way to reduce the likelihood of this charge is to send the international wire transfer in their designated currency.
To initiate a bank wire transfer to the Czech Republic, you might need a SWIFT code. These are unique codes for each bank and are based on references including the individual banking institution and country.
SWIFT Country Code
Central Bank Name
Ceská národní banka