Banking

Living in Europe | Banking | Czech Republic

The Czech Republic still uses cash transactions a lot for everyday purchases (in shops, cafés, etc.), although the use of debit and credit cards (including contactless payment) is becoming relatively widespread and cards are accepted in all supermarkets, tourist attractions and many restaurants.

Internet banking is very commonly used, primarily by the younger generations. Most employers will transfer wages directly into a Czech bank account and many common transactions (rent, tuition, courses, etc.) are also made using direct debit. The Czech does not use cheques at all, but most banks recognise travellers cheques and are capable of redeeming them.