Getting Czech Koruna for Your Trip to Czech Republic

The Czech Republic offers incredible value for visitors - stunning architecture, world-class beer at £2-3 a pint, and affordable dining that puts Western Europe to shame. But there's one thing you need to watch out for: currency exchange scams, particularly in Prague's tourist areas.

Despite being an EU member since 2004, Czech Republic uses its own currency - the Czech Koruna (CZK). While some tourist businesses accept Euros, you'll get terrible rates. Always pay in Koruna for the best value.

The key to managing money in Czech Republic is simple: avoid exchange bureaus in tourist areas, use bank ATMs for cash, and pay by card wherever possible. With a fee-free debit card, you'll get the best possible rates and can enjoy Prague's famously affordable beer without worrying about being shortchanged.

Warning: Exchange Bureau Scams in Prague

Prague has a serious problem with dishonest exchange bureaus. Here's how to avoid being ripped off:

Common Scams to Watch For

• "0% commission" signs: They make money on terrible exchange rates instead
• Two different rates: Advertised "buy" rate vs. the "sell" rate you actually get
• Hidden fees: Revealed only after you've agreed to exchange
• Calculator tricks: Showing you one amount then giving you less
• No receipt given: So you can't prove what happened

How to Protect Yourself

• Use ATMs instead: Bank ATMs offer fair rates with no tricks
• Pay by card: Avoid cash exchange entirely where possible
• If you must exchange: Ask for the exact final amount before handing over money
• Avoid tourist hotspots: Old Town Square, Charles Bridge area have the worst rates
• Look for "Czech Point" sign: These regulated bureaus are more trustworthy

Best Ways to Get Czech Koruna

1. Fee-Free Debit Cards (Recommended)

A multi-currency card like Wise or Revolut is the smartest option. Use it for card payments and ATM withdrawals at the real exchange rate. This avoids all the exchange bureau nonsense.

2. Bank ATMs

Withdraw Koruna from legitimate bank ATMs. Look for ČSOB, Komerční banka, Česká spořitelna, or Raiffeisenbank. Always decline the ATM's currency conversion offer and withdraw in CZK.

3. Card Payments

Cards are accepted at most restaurants, hotels, and shops in Prague and other cities. Smaller establishments and markets often prefer cash. Always choose to pay in CZK if prompted.

4. Reputable Exchange Offices

If you must use an exchange bureau, look for "Czech Point" certified locations or try Exchange (the company, with blue logo) which has fair rates. Always confirm the final amount before exchanging.

ATMs in Czech Republic

ATMs are the safest way to get Czech Koruna:

Best ATMs to Use

• ČSOB: One of the largest banks, ATMs everywhere
• Komerční banka: Reliable bank ATMs
• Česká spořitelna: Widespread coverage
• Raiffeisenbank: Good option in cities

ATMs to Avoid

• Euronet: High fees and poor exchange rates
• YourCash: Independent ATMs with bad rates
• Any ATM that strongly pushes currency conversion

Critical ATM Tip

When an ATM offers to convert to your home currency (Dynamic Currency Conversion), always decline and withdraw in CZK. The ATM's conversion rate is typically 5-10% worse than your card's rate.

Costs in Czech Republic

Czech Republic offers excellent value - here's what to expect:

Typical Costs (2026)

• Beer (pivo): CZK 50-80 (£2-3) - some of the cheapest in Europe!
• Restaurant meal: CZK 200-400 (£8-15)
• Coffee: CZK 60-100 (£2.50-4)
• Public transport: CZK 40 (£1.60) for 90-minute ticket
• Hotel: CZK 1,500-3,000 (£60-120) for mid-range
• Prague Castle entry: CZK 250-350 (£10-14)

Compared to Western Europe, you'll find your money stretches much further - especially on beer, food, and accommodation.

Tipping in Czech Republic

Tipping is customary but not as high as in some countries:

• Restaurants: Round up or add 10% for good service
• Cafes: Round up to nearest CZK 10-20
• Taxis: Round up to nearest convenient amount
• Hotels: CZK 20-50 per bag for porters
• Tour guides: CZK 50-100 if service was good

Tip in cash when possible, even if paying the bill by card. It's common to tell the waiter the total amount including tip rather than leaving cash on the table.