Difference between revisions of "Czechia/Banking/Cash"

From Expat Wiki
Jump to navigation Jump to search
(Fix YT link.)
Line 36: Line 36:
 
== More ==
 
== More ==
  
* [https://www.youtube.com/watch?v=uEvz18puu80 Video guide on withdrawing at Czech ATMs] by ''Honest Guide'':<br/> {{Youtube|uEvz18puu80}}
+
* [https://www.youtube.com/watch?v=rdYhm__yMQY Video guide on withdrawing at Czech ATMs] by ''Honest Guide'':<br/> {{Youtube|rdYhm__yMQY}}

Revision as of 02:27, 25 May 2022

Here are tips for withdrawing cash at a Czech ATM / bank machine (Czech: bankomat), especially when using a foreign Visa or Mastercard.

Frequently Asked Questions (FAQ)

Which ATMs should I avoid?

Avoid ATMs from

  • Euronet
  • Unicredit Bank

They will charge an extra fee of 100 CZK or more.

Which ATMs are recommended?

Cash machines of these banks allow withdrawing without extra fees:

Should I use currency conversion?

No.

Many ATMs (and sometimes even payment terminals in shops and restaurants) will offer you to convert the CZK into your home currency. For example, if you want to withdraw 1000 CZK, the machine will offer you

  • to either withdraw 1000 CZK and let your bank do the conversion
  • or do the conversion and charge you with your home currency

This is nearly always a bad deal. The conversion rate that the ATM will apply is usually much worse than the one your bank will apply.

So when asked, always pick Decline the conversion and pay / withdraw CZK.

More