Send Money from Thailand to the Czech Republic
Money on this route leaves a US dollar balance held in Thailand and is credited as euro on a Czech IBAN. Remote workers billing clients abroad, expatriate staff on a foreign payroll and Thailand-based companies paying Czech contractors make up most of it. Ceska Sporitelna, CSOB and Komercni Banka all receive, and the IBAN is the only routing detail you enter.
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How a Czech transfer runs from dollars to euro
The senders here earn US dollars while they live or trade in Thailand. Contract developers and designers in Bangkok invoicing agencies overseas, consultants in Chiang Mai on a foreign payroll, and Thailand-registered companies with Czech engineers or translators on retainer all hold dollars before they hold anything else. Some are paying a person and some are paying a business, and the route works the same way for both.
Those dollars sit in a Grey multi-currency account. The USD account is provided by Lead Bank and comes with US routing and account numbers, which is how clients, employers and platforms abroad pay you into it. You convert and send out of that balance when you are ready, with the rate and the fee shown first.
What lands in the Czech Republic is euro rather than koruna. Grey credits the recipient's IBAN in euro, and Czech banks hold euro without difficulty: Ceska Sporitelna, CSOB and Komercni Banka all take the payment, as do other Czech banks. If the recipient wants koruna in the end, their own bank performs that exchange at its own rate, which is a decision and a cost on their side rather than part of what Grey quotes you.
How to send money to the Czech Republic from Thailand
Sign up
Create your Grey account in the app in a few minutes, verifying yourself with a passport or another accepted photo identity document. Grey Inc is registered with FinCEN, registered address 651 N Broad St, Suite 206, Middletown, DE 19709, United States.
Fund
The USD account Lead Bank provides for you comes with US routing and account numbers. Pass them to whoever settles your invoices, or move dollars across by wire from another bank where you keep a dollar account. The euro sent to the Czech Republic is bought out of that balance.
Send
Select the Czech Republic, enter the recipient's IBAN and check the name it returns. The euro amount, the rate and the fee appear on one screen, and confirming holds the rate and settles the euro figure.
What a euro payment to the Czech Republic costs
Agree the currency question with your recipient before the first payment. Holding euro in a Czech account costs them nothing extra, but changing it into koruna is an exchange their bank prices itself. Knowing in advance whether they mean to hold or convert saves an awkward conversation after the money has landed.
On Grey's side, compare the euro delivered rather than the advertised fee. A provider promoting free transfers can still quote a rate well away from the market, and the shortfall only shows up as a smaller euro figure at the other end.
Regular payments magnify any difference. A monthly retainer to a Prague studio or a standing payment to a translator in Brno repeats the same instruction, and a rate margin you cannot see is charged every time it goes out.
Fixing the dollar to euro rate on a Czech payment
One conversion happens inside Grey: US dollars into euro, at a rate fixed the moment you confirm. The euro figure shown on that screen is the figure credited to the Czech account, whatever the market does next.
Grey makes no second conversion. The payment is not routed through koruna, so no further margin is applied between your confirmation and the credit arriving on the IBAN.
Any later exchange into koruna belongs to the recipient's bank and runs at that bank's rate on the day. It is worth your recipient checking what their bank charges for it, because holding the euro is often the cheaper choice.
Grey next to an ordinary bank wire to the Czech Republic
A correspondent bank wire reaches a Czech account through a chain of intermediaries, each able to take a charge of its own, so the sum credited can fall short of the sum agreed. Grey hands the euro to the Single Euro Payments Area instead, and the euro figure you confirmed is the euro figure that posts to the IBAN.
The detail required is smaller too. A Czech IBAN, printed on any statement the recipient's bank produces, is the whole addressing requirement, where a wire typically wants a SWIFT code and a bank address alongside it. The payment is followed in the Grey app rather than through a branch enquiry.
What your recipient in the Czech Republic sees
The recipient is credited in euro at their own Czech bank. They do not open a Grey account, download anything or collect the money in person.
Which accounts receive it
Enter the Czech IBAN. Ceska Sporitelna, CSOB and Komercni Banka all take the credit, as do other Czech banks, and the amount shown in their app is in euro.
How the money lands
The payment arrives over the euro area's own rails rather than as an international wire, and shows on the account as an ordinary incoming euro credit.
GreyTag
Where your recipient also uses Grey, pay their GreyTag instead. Transfers between Grey users are instant and free, in whichever currency you choose.
Funding a payment to the Czech Republic
Funding comes before sending, because the euro is bought with dollars already held in Grey. The route you use to top up therefore sets the pace of everything after it.
Direct payments from abroad
One set of account details, shared once, and future invoices or salary payments land in Grey on their own.
Wire from your own bank
Dollars can be wired in from another account in your name using the numbers Grey displays in the app.
Convert from a standing balance
Dollars already in Grey need no waiting period, so the euro can be released the same day the invoice falls due.
Senders who pay Czech contractors on a schedule tend to keep dollars in Grey rather than fund each invoice separately, so a due date is met from a balance that is already in place rather than from money still arriving.
Who sends money from Thailand to the Czech Republic
Freelancers and remote workers
Writers, engineers and designers living in Bangkok or Chiang Mai who bill overseas clients in dollars and settle Czech collaborators out of the same account.
Expatriate professionals
Staff resident in Thailand but paid by a company elsewhere in US dollars, moving part of that salary to an account in the Czech Republic.
Family and study payments
Relatives covering accommodation and course costs for someone studying in Prague or Brno, sent against a fixed deadline each term.
Businesses paying Czech suppliers
Companies in Thailand settling development studios, translation agencies and manufacturing suppliers in the Czech Republic, usually to agreed invoice terms.
Everyone on this route earns US dollars while based in Thailand: freelancers and remote workers first, then expatriate professionals, people covering family or study costs, and businesses paying Czech suppliers.
The best way to send money from Thailand to the Czech Republic
A global money app you can actually trust
Questions are raised in the same app the payment was made in, against the transfer they concern, so nothing has to be described from memory. Your history keeps the rate, the fee and the euro amount for each payment, which is what a contractor, an accountant or a university office will ask you to produce.
FAQs
What does a transfer to the Czech Republic cost?
Grey charges a fee and applies a dollar to euro rate, both shown before you confirm. Any koruna conversion afterwards is priced by the recipient's bank.
How long does the money take to arrive?
Grey does not quote a fixed delivery time on this route. The euro moves over SEPA and the status stays visible in your app until it is credited.
What details do I need to pay a Czech account?
The recipient's Czech IBAN, which their bank prints on any statement. A SWIFT code and branch address are not required.
Which Czech banks can Grey pay into?
Ceska Sporitelna, CSOB and Komercni Banka all accept the credit, along with other Czech banks that hold an IBAN.
Is there a cap on the amount I can send?
Limits that apply to your account are displayed in the app before confirmation, so you know them at the moment of sending rather than afterwards.
Can I check where the payment has got to?
Yes. Each payment has a status inside the Grey app that runs from confirmation through to the euro landing on the Czech account.
Is Grey safe for paying people in the Czech Republic?
Grey Inc holds a FinCEN registration in the United States, balances and transfers are encrypted, and each payout is traceable in the app.
How is a transfer funded from Thailand?
From US dollars only: client or employer payments into your Grey USD account, a dollar wire from another bank, or dollars already in Grey.
Does my recipient receive koruna?
No, they are credited in euro. Their own bank can convert that euro into koruna at its own rate if they ask it to.
Will I have a record of each payment?
Every payment stays in your Grey history with its rate, fee and euro total, ready to match to an invoice. Grey does not give tax advice.
What happens if the IBAN is wrong?
Compare the IBAN and the returned account name on the confirmation screen before sending. Report a payment that has already left in the app at once.
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