The transfer of money abroad is very expensive for all banks. Especially in countries outside Europe such as the US, South America, Australia or Asia. For these cases, it is advisable to use the TransferWise service, which I have already written in the Article Transfer of Money from the USA to the Czech Republic.
Transactions - Illustration picture
I personally use the TransferWise service for transactions in Estonia and Denmark, because it is cheaper than SEPA payment at Komerční banka. The most needed and most advantageous is between the Czech Republic and the USA. Of course, you can use the service between any country in the world.
The first transaction is up to $ 750 free of charge. The transfer usually takes 3-5 business days. Fees for other transactions range from 0.5 to 1 percent.
The biggest advantage is that the system always uses the center rate. This means that you do not suffer any exchange rate loss. Banks will usually give you a fee, and they will also make a lucrative money by turning the money into a bad course. You can easily compare the exchange rate from TransferWise with your banknote or internet wallet. Thanks to the fair course, you will save a lot of money.
TransferWise is, in addition to traditional bank transfers, a great alternative to Western Union, which has huge charges.
URL: http://transferwise.evyy.net/c/299709/26105/985
Article in Czech language: http://ekoking.cz/transferwise-nejlevnejsi-prevod-zahranici/