Money transfer through banks in Czech Republic
Banks are the most conventional way to transfer money to Czech Republic. This method is one of the cheapest and the most reliable. In most cases, both parties will require to have a bank account. However, there are some banks that allow recipients to collect money from them directly as well. Banks in the Czech Republic work between 8 a.m. to 4:30 p.m., Mondays to Fridays. Some banks even close early on Friday.
Other money transfer services in Czech Republic
If using a bank for money transfer to Czech Republic is inconvenient, then you can explore the option of using a money transfer operator. These are not as cheap as the bank, but they are definitely more convenient as they are not bound by time limits and you can even explore sending the money online. Before you decide on a MTO ensure that they are a known brand and that you are getting the best exchange rates.
Prepaid cards in Czech Republic
If you want to eliminate third parties completely when you send money to Czech Republic, you can explore the option of using pre paid debit cards. Once the recipient has the card, all you need to do is top it up whenever you need to.