Compare Komercni Banka CZK currency transfer options to/from Czechia. You can beat Komercni Banka exchange rates when making a Czech koruna money transfer or overseas payment, save time, money and get the best deal.
International currency transfers to or from your Komercni Banka account in the euro, UK pounds, US dollars and many other popular currencies will involve a margin or exchange rate of around 5.0% and additional bank transaction or commission fees may apply.
Komercni Banka international currency transfer rates are much higher than most money transfer providers (money transfer providers rates range between 0.45 to 1.0%).
Sending foreign currency to or from your Komercni Banka account in Czechia needn’t be a complex matter, moreover, you can save time and money when you use a specialist currency broker instead.
Specialist foreign exchange companies including our recommended providers here can save you money and time on the transaction. Our recommendations are based on international coverage and office locations together with the lowest foreign exchange margin rates offered.
Example: A typical overseas currency transfer of 1,000,000 koruna (CZK) using Komercni Banka services would have a transaction and exchange rate margin of around 5.0% – or 50,000 CZK. Using a specialist broker, in this example TorFX – the exchange rate margin would work out at 0.7% – or only 7,000 CZK in total, which is a large saving over the bank service.
International money transfers from Komercni Banka could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Komercni Banka account holder to use their services. Komercni Banka may additionally charge a flat rate commission fee when sending money abroad into another currency and bank transfer commission fees vary depending on the amount you need to transfer. Private brokers offer commission free currency transfers, typically over a value of £5000 (or 50,000 CZK).
Unless you pay a premium, Komercni Banka’s service will take from 5 to 7 days for your funds to arrive at the destination bank. Private foreign exchange companies typically complete the transaction either same day, or next day.
Komercni Banka was created in 1990 and has over 1.5 million customers, served through 400 banking branches in Czechia. The bank offers services to individuals including students, as well as foreign nationals. In 2001 Komercni Banka was majority bought and is now owned by French Societe Generale.
Find Komercni Banka branch addresses near you with our geolocation map search. Simply enter the bank name (and optionally a city or country) and the map will display the closest Komercni Banka branches in your search area results.
You can find answers to everyday banking questions at Komercni Banka online. If you can’t find the answer you’re looking for, you can call them from outside Czechia on +420 955 512 230
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Doing some research and evaluating options will ultimately save you time and money: Compare money transfer providers