Money Transfers for expats living in Prague

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Prague is becoming a more and more popular destination for British people moving abroad. The city is showered in rich architecture, galleries and museums and the city basques in the shadow of the Prague castle. Prague is a very cultural and peaceful town and a very popular destination for retirees, as well as those just travelling for a city break.

The predominant language in Prague is of course Czech, but there is a high population of people that speak a moderate or fluent level of English, as well as a relatively large German speaking contingency. Therefore, there is a high level of multiculturalism in Prague and it is obvious to see why people are flocking there.

When in Prague, the currency is the Czech Koruna, which means that you will need to exchange the Koruna to Pounds if you ever require to send money, or return to the UK and transfer money between those bank accounts. This can be a costly affair but there are ways to save money. With your bank, for instance, each and every time you make a transaction and transfer money to the UK, they will incur a transfer fee which can be anywhere up to £40 (equivalent to 1,130 CZK according to RationalFX), as well as offering "tourist" exchange rates, which they have taken their profit margin from.

Using a foreign exchange broker can save you a lot of money, as well as time when transferring money to the Czech Republic. They offer highly competitive exchange rates and they do not deduct any commission from your transfer. With RationalFX, there is always the option of a fee free transfer and your money can be sent as quick as the next day.

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Money Transfers for expats living in Prague

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Open Account with Halo Financial

Halo Financial are located at:
11 Ivory House, Plantation Wharf, , Greater London, SW11 3TN, United Kingdom

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