The official Czech currency is the Czech crown (CZK, Kč). We use coins in values of CZK 1, CZK 2, CZK 5, CZK 10, CZK 20 and CZK 50 and following banknotes: CZK 50, CZK 100, CZK 200, CZK 500, CZK 1,000, CZK 2,000 and CZK 5,000. Some places accept Euro but it is necessary to buy Czech crowns for your visit.
There are several ways how to get your Czech crowns. You can withdraw money through ATM machines. In this case current exchange rate of your bank applies and withdrawal fees will be charged according to your bank’s terms and conditions (watch out for "ATM"s with 20% charge for each transaction). You can exchange money in a bank where they usually charge a few percent on top for the transaction fees. Or you use services of an exchange office. Always be cautious and ask for the accurate exchange rate and exact amount you would get. Especially in Prague you can sometimes encounter misleading rates or high handling fees. Avoid exchanging your money with people who stop you on the street or at the airport, it is most likely a scam! Here you can check current exchange rates.
ATM / cash machines
It is possible to withdraw money from a cash machine using common international types of payment cards (Visa, MasterCard, Maestro, and others). Cash machines can be seen very often, they are usually located in city centers, banks or shopping centers. Watch out for "ATM"s with 20% charge for each transaction!
You can use international debit/credit cards to make payments at shopping centers, hotels, gas stations etc. Beware that not every company accepts payment cards – many restaurants or small stores accept payment in cash only. If you don’t see the symbol of your payment card by the entrance or checkout counter, you better ask about this option.
Traveler’s checks issued by world-wide well-known companies are usually accepted by Czech banks.
The Czech Republic is quite cheap (mainly in comparison with North America or Western Europe), prices in Prague center may be a bit higher but it is still very acceptable.