Unicorn Currencies
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🇪🇺→🇨🇿

Send Money from European Union to Czech Republic

Businesses in European Union paying Czech Republic suppliers for Automotive. Send EUR from European Union, receive CZK in Czech Republic with t+0 (2.3s avg within unicorn network).

✓ Competitive Advantage: Local EUR collection + local CZK delivery = no correspondent bank fees

Save £2,025 per £100k Payment

European Union to Czech Republic corridor savings

Traditional Bank
£2,530
  • ❌ 2-3 day settlement
  • ❌ Multiple correspondent banks
  • ❌ Hidden FX margins
  • ❌ High SWIFT fees
Unicorn Currencies
£505
  • ✓ T+0 (2.3s avg within Unicorn network)
  • ✓ Local EUR collection
  • ✓ Transparent 0.5% spread
  • ✓ CERTIS
Your Savings
80%
£2,025 per £100k
At £300k-£3M monthly, save £5,068/year

Sending from European Union: What You Need to Know

EUR Origin Specifics

  • EUR single currency for 20 countries
  • SEPA instant payment network
  • GDPR compliance required

Your Local Advantages

  • Local EUR account available
  • SEPA (Single Euro Payments Area) instant collection
  • No correspondent bank fees on origin side
Local Collection Method
SEPA (Single Euro Payments Area)
T+1 • European instant/standard payments. Covers 36 countries.

Paying Suppliers in Czech Republic: Compliance & Requirements

Regulatory Considerations

  • Czech National Bank (ČNB) regulations
  • VAT (21%) documentation required
  • EU customs procedures apply
  • Business registration number (IČO) verification

Payment Best Practices

  • Czech = Central European automotive powerhouse (Škoda)
  • Express instant payment faster than SWIFT
  • Glass and crystal exports world-renowned
  • Beer industry significant - Pilsner originated here
Destination Settlement
T+0 (2.3s avg within Unicorn network)
via CERTIS

European Union → Czech Republic Corridor Insights

Popular Industries

  • Automotive
  • Machinery Manufacturing
  • Glass Industry

Peak Trading Hours

CET (GMT+1) to GMT time zone consideration

Best for rate execution and faster settlement

Typical Volume

£50k-£250k

Average transaction size for this corridor
Monthly volume: £300k-£3M
Compliance Notice: Subject to sanctions and compliance screening. Certain industries and countries not supported.

Ready to Send EUR from European Union to Czech Republic?

Save 80% on every payment with t+0 (2.3s avg within unicorn network). Local EUR collection available.

Open AccountView Czech Republic Details

Bank of Canada registered PSP | FINTRAC licensed MSB