Prepaid Cards in Czech Republic
Neteller offer a free virtual account which can be upgraded to a prepaid MasterCard, subject to T & C's including applicant providing acceptable ID, being a resident in the UK or Ireland. Prepaid Card & usage fees apply.
Application is free based on you loading £200 of currency on to your card. This card is an electronic money product issued by Clydesdale Bank PLC. Clydesdale Bank PLC, a company registered in Scotland with number SCOO1111
Europe Traveller by Caxton FX - Preload your card with currency, subject to terms and conditions including applicant providing acceptable ID, being a resident in the UK & aged 18 years+. Travel Card & usage fees apply.
Euro Card by Ace FX - Preload your card with currency, subject to terms and conditions including applicant providing acceptable ID, being a resident in the UK & aged 18 years+. Travel Card & usage fees apply.
Prepaid cards available in Czech Republic where you need to be a Czech Republic resident to get a prepaid credit cards.
Reasons your business needs to transfer money to Czech Republic
Small, medium and large-sized businesses often have to send money to Czech Republic for various reasons. It could be to buy a product or service from a company that is based in Czech Republic, it could be to pay employees in Czech Republic or it could be to transfer funds in to a business owned Czech Republic.
Whether individuals are transferring money to Czech Republic as a one-off or they transfer funds on a regular basis, it is important you know how to get the most from your money, no matter what your reasons are for sending money. To prevent losing unnecessary money when your business sends funds to Czech Republic, read on.
To pay employees abroad
International businesses have other connected organisations around the world. Therefore, employees will have to be paid either from the base of the business or from the business in the country where employees work. If you need to pay employees around the world from one base, you will have to transfer money on a regular basis to various accounts in either one or many different locations abroad. In this circumstance, it is crucial you get a consistently good exchange rate.
Exchange rates when paying employees in Czech Republic
Exchange rates vary on a regular basis, which can be frustrating for businesses that do transfer money into Czech Republic frequently. However, there are ways to minimise the risk of sending your money with a bad exchange rate.
For regular exchanges it may be worth considering a fully-fixed exchange rate. Business people will find fixed rates more of a relief when the time comes to make the regular transaction abroad.
This is because fixed rates provide a sense of certainty in the fluctuating foreign exchange market as the central bank or government have regulations to ensure the exchange rate does not sway excessively from the fixed target.
To buy a product or service overseas for your business
It is quite common for businesses to venture overseas to buy different products or services that will enhance and grow their business at home. Therefore, whether it is buying the latest gadget to make your businesses production flow or it is buying expert knowledge that will benefit your business; you will have to send money overseas to pay for it.
Exchange rates when buying a Czech Republic product or service
Some businesses will buy products from Czech Republic regularly as their business may rely on importing goods from Czech Republic. However, a lot of companies will in fact buy a product or service as a one-off or occasionally. If this is the case, and you make payments to Czech Republic on the odd occasion it is probably worth using a free floating exchange rate. Therefore, when the market is particularly good you could choose to make your purchase then and benefit from a great return.
A free floating exchange rate will also give you the power to compare the market with a specialised overseas money transfer broker. They will be able to offer the most competitive rates and you will be able to send funds over the internet making the whole process especially quick and convenient.