Currency in Czech Republic
What Currency Does Czech Republic Use Now
The Czech Republic, renowned for its long history, stunning architecture, and excellent beer, uses the Czech koruna (CZK) as its official currency. In English, it's often referred to as the Czech crown. The Czech koruna is available in both coins and banknotes, with coins offered in 1, 2, 5, 10, 20, and 50 koruna denominations, while banknotes are available in 100, 200, 500, 1,000, 2,000, and 5,000 koruna denominations.
While the Czech Republic is a part of the European Union, it has not yet adopted the Euro as its official currency. However, in some tourist-centric areas and prominent hotels, you might find places that accept Euros, but it's recommended to always have some koruna handy.
Credit and Debit Cards in Czech Republic
Credit and debit card use is widespread across the Czech Republic, making it convenient for visitors who prefer cashless transactions. Visa and MasterCard are the most widely accepted, but you'll find places that take other major cards like American Express and Diners Club too. Some businesses might require a minimum purchase amount to use a card, and it's always wise to have some cash handy for small vendors, taxi drivers, or establishments that don't accept cards.
As in other European countries, the Czech Republic uses chip and PIN cards. If your card does not have a chip, do not worry, most places can still swipe. Remember to notify your bank about your travel plans to avoid any potential security blocks on your card.
Using Cash in Czech Republic
Despite the popularity of card transactions, cash still plays a vital role in the Czech Republic, especially in smaller towns and rural areas. Using cash might be necessary for transportation services, small shops, cafe or pubs, markets, and some tourist attractions. As such, it's wise to keep some Czech koruna on hand.
Exchanging your money for koruna is convenient in the Czech Republic, with currency exchange offices peppered throughout major cities and at the airport. However, for the best exchange rates, consider withdrawing from an ATM or using a local bank.
ATMs in Czech Republic
ATMs, known locally as bankomats, are readily available across the Czech Republic. They are found in airports, train stations, shopping centers, and on many street corners in cities and towns. Visitors can conveniently withdraw koruna directly from these machines.
While using ATMs, be vigilant about generic or non-bank ATMs as they might offer poor exchange rates or charge high fees. In most cases, use a bank ATM for more favorable exchange rates and lower transaction fees.
Bank Hours
Bank hours in the Czech Republic typically run from Monday to Friday, opening around 8 or 9 AM and closing between 4 and 6 PM. However, these hours can vary depending on the bank and the location. Some banks in bigger cities and shopping centers may have extended hours and may also be open for limited hours on weekends.
Keep these operating hours in mind if you need in-person banking services. For basic transactions like withdrawing cash, ATMs provide around-the-clock access.
In conclusion, the Czech Republic offers diverse options for managing your finances while visiting, making it a convenient destination for travel. Enjoy your visit to this culturally rich and historically significant nation!