🇨🇿 Pay Suppliers in Czech Republic
Pay Czech manufacturers for automotive parts, machinery, glass, beer production
T+0 (2.3s avg within Unicorn network). Save 80% vs traditional banks.
What you need to send money to Czech Republic
What details do I need to pay suppliers in Czech Republic?
To pay suppliers in Czech Republic you need the recipient's IBAN (International Bank Account Number (SEPA)), plus account number and beneficiary name. Payments typically settle in 2.3 seconds and cost 0.5% FX spread + £5 per payment.
How fast are payments to Czech Republic?
Payments to Czech Republic settle in an average of 2.3 seconds when using local rails such as CERTIS, compared to 2–3 days via traditional SWIFT.
How much does it cost to send money to Czech Republic?
Unicorn Currencies charges 0.5% FX spread and £5 per payment. You save about 80% versus banks (e.g. £505 vs £2530 on a £100k transaction).
Cost Comparison: Banks vs Unicorn Currencies
See how much you save on £100,000 payment to Czech Republic
| Cost Item | Traditional Banks | Unicorn Currencies |
|---|---|---|
| FX Spread | 2.5% | 0.5% |
| Payment Fee | £30 | £5 |
| Total Cost (£100,000) | £2,530 | £505 |
| YOUR SAVINGS | N/A | £2,025 (80%) |
| Settlement Time | 2-3 days (SWIFT) | T+0 (2.3s avg within Unicorn network) |
Local Payment Rails in Czech Republic
Avoid expensive SWIFT fees. We use local payment systems in Czech Republic for faster, cheaper settlement.
CERTIS
Czech National Bank RTGS system for large-value payments
Express (Czech Instant Payment)
Instant payment system for retail transactions, 24/7
Who Uses This Payment Corridor
Key Industries in Czech Republic
- Automotive
- Machinery Manufacturing
- Glass Industry
- Beer Production
- Electronics
Average Transaction: £50k-£220k
Typical Monthly Volume: £150k-£1M
Popular Supplier Types
- Automotive suppliers (Mladá Boleslav, Plzeň)
- Machinery manufacturers (Brno, Ostrava)
- Glass producers (Nový Bor, Karlovy Vary)
- Beer producers (Plzeň, České Budějovice)
What You Need to Know: Czech Republic Payments
Regulatory Considerations
- Czech National Bank (ČNB) regulations
- VAT (21%) documentation required
- EU customs procedures apply
- Business registration number (IČO) verification
Payment Tips for Czech Republic
- Czech = Central European automotive powerhouse (Škoda)
- Express instant payment faster than SWIFT
- Glass and crystal exports world-renowned
- Beer industry significant - Pilsner originated here
Why Choose Unicorn for Czech Republic Payments
Local Rails, Not SWIFT
We use CERTIS and other local systems in Czech Republic. Avoid 3-4% SWIFT fees and 2-3 day delays.
80% Lower Costs
Save £2,025 on every £100,000 payment. On £150k-£1M monthly volume, save up to £60,750 annually.
Bank of Canada Supervised
Registered Payment Service Provider (PSP) and FINTRAC MSB. Full regulatory compliance for Czech Republic payments.
Real-Time FX Tracking
Upload supplier invoices in CZK. See live P/L as GBP/CZK rates move. Lock rates for 15 seconds before committing.
£1,000,000+ Paying Suppliers in Czech Republic? Save 80%
Enterprise treasury for import/export businesses with T+0 (2.3s avg within Unicorn network) settlement to Czech Republic
For businesses with high annual FX volume. Not consumer transfers.