Send money to Czechia from Canada
This route pays in euro, not in koruna. Grey converts your balance once into euro and credits it to the recipient's Czech IBAN through SEPA, at Ceska Sporitelna, CSOB, Komercni Banka or another Czech bank. That is the honest description of what lands, and it suits a recipient who can hold or accept euro. The rate and the fee are shown before you confirm.
CAD
CZK
-
Trusted by 3M+ people around the world
GOOGLE PLAY •22K REVIEWS
APP STORE • 12K REVIEWS
What actually arrives in Czechia
Read this part before anything else. Grey does not convert into Czech koruna. What reaches the recipient is a euro credit into their Czech IBAN, delivered over SEPA, and their own bank decides what happens next: hold it in euro, or convert it at the bank's own rate on the day.
For some recipients that is exactly right. A contractor or small company in Prague or Brno that already invoices in euro, a Czech account holder with a euro sub account, a student whose landlord or school takes euro, an expatriate working in Czechia on a euro salary. For a grandparent in Ostrava who has only ever seen koruna, it is worth a phone call first to check the bank will take a euro credit without fuss.
Everything else works the way you would expect. One conversion on your side, an IBAN on theirs, no Grey account needed at the receiving end, and the rate fixed at the moment you confirm.
Three steps to a Czech IBAN
Register
Opening Grey is free and takes around five minutes with one valid identity document. Save the Czech IBAN once and it is ready for the next invoice.
Fund in euro or dollars
No Canadian dollar balance exists on Grey. You hold euro, pounds or US dollars provided by Lead Bank, filled by a client, an employer abroad or a transfer you make yourself.
Send the euro
Enter the Czech IBAN, read the euro amount with the rate and the fee beside it, and confirm. The SEPA credit reaches the Czech bank typically within minutes.
What a transfer to Czechia costs you
There is a second cost on this corridor that is not Grey's, and pretending otherwise would be dishonest. If your recipient wants koruna in the end, their Czech bank converts the euro credit at its own rate, on its own terms, and that conversion is between them and their bank.
Which is why this route is at its best when the euro stays euro. A recipient invoicing in euro, or holding a euro account, pays one conversion in total. A recipient who converts to koruna on arrival pays two, and should compare it against what else is available to them locally.
How the rate to euro is fixed
One conversion takes place, on your side, when you confirm. Grey shows the rate and the fee together beforehand, and the euro total that appears there is what reaches the Czech account.
Nothing changes after the fact. The number you agreed is the number that settles, which is what makes a recurring payment to Prague predictable to budget for.
Grey compared with a Canadian bank wire to Czechia
Your Canadian bank will send koruna or euro to Czechia as a SWIFT wire, priced as a wire, over several business days, at a rate the bank sets rather than one you approved. Grey sends euro over SEPA, quotes the rate and the fee before you agree, and does not pretend to deliver koruna. Between those two the comparison is not only cost but clarity: you know precisely which currency lands.
What your recipient in Czechia sees
A euro credit lands in their Czech account through SEPA and shows up in their banking app like any incoming payment. They need no Grey account and no action beyond looking at the statement.
Euro into a Czech IBAN
Ceska Sporitelna, CSOB and Komercni Banka all receive the credit on an IBAN. The amount shown in their app is in euro.
What they do next
Holding the euro costs nothing extra. Converting to koruna is their bank's business, at their bank's rate, and worth agreeing between you in advance.
A GreyTag alternative
A recipient who opens a Grey account can be paid by GreyTag instead, instantly and free, and hold euro or dollars without involving a Czech bank.
Getting funds into the Grey account
Interac e-Transfer does not leave Canada, so the question here is which currency you want to hold before the euro goes out.
Euro balance
The natural fit. Euro in and euro out means the Czech payout involves no conversion on your side either.
US dollar balance
Provided by Lead Bank. Converts to euro once when you send, which is what most Canadian senders on this route do.
Pound balance
A sensible hold if part of your income arrives from Britain, and it becomes euro on the same single conversion.
Whichever balance you use, the euro amount reaching Czechia is stated before you confirm, not estimated.
Who sends from Canada to Czechia
Paying a Czech contractor
Developers, studios and small firms in Prague and Brno that invoice Canadian clients in euro already, so a euro credit is what they asked for.
Students in Prague
Canadians studying medicine or engineering in Prague, supported from home, where a euro balance covers fees billed to international students.
Family with euro accounts
Czech relatives who keep a euro account alongside their koruna one, and would rather receive euro than be converted twice.
Property and legal costs
Notary fees, deposits and agency charges on a Czech property, where the payee has quoted the amount in euro.
This corridor is smaller than most and the people on it tend to know exactly why they are using it.
Five things worth knowing about this route
Check one thing with your recipient: that their Czech bank will accept a euro credit and that they are content to hold it or convert it themselves. If the answer is yes, this route is quick and the cost is visible.
If the answer is no, and koruna is the only currency that works for them, say so and choose accordingly. Grey would rather you knew that before sending than after.
FAQs
Does Grey convert Canadian money into Czech koruna?
No. Grey pays this corridor in euro. A euro credit reaches the recipient's Czech IBAN through SEPA, and no koruna conversion happens at Grey.
Who does the euro credit to Czechia suit?
Recipients who invoice, hold or spend in euro, such as Prague contractors and holders of a euro account, since only one conversion applies.
What if my recipient in Ostrava only wants koruna?
Their Czech bank would convert the euro credit at its own rate, adding a second conversion. Agree that with them before you send.
Which Czech banks can receive the euro?
Ceska Sporitelna, CSOB and Komercni Banka are supported, along with other Czech banks reachable on an IBAN over SEPA.
How long does a euro credit take to reach a Czech bank?
Transfers from a funded Grey balance typically arrive within minutes, as the payment moves over SEPA rather than as an international wire.
Can I pay a Prague contractor's euro invoice through Grey?
Yes. Enter the contractor's Czech IBAN, confirm the euro amount with the fee and rate shown, and the credit settles over SEPA.
Do I need Canadian dollars on Grey to send to Czechia?
No, and you cannot hold them. Your balance is euro, pounds or US dollars provided by Lead Bank before the euro goes out.
Is the euro rate fixed before I confirm a Czech transfer?
Yes. The rate displayed at confirmation is applied to the transfer and is not revised after the euro reaches Czechia.
Does my recipient in Czechia need a Grey account?
No. The euro lands in their existing Czech account as a normal SEPA credit, though a Grey account would allow instant GreyTag transfers instead.
Can I support a Canadian student studying in Prague?
Yes. A euro credit to their Czech IBAN covers fees and living costs, with the euro amount confirmed before the transfer leaves.
How does this compare with a Canadian bank wire to Czechia?
A bank wire travels by SWIFT over business days at the bank's rate. Grey states the euro amount and fee before you confirm.
Get digital banking
at your fingertips
