What exchange rate is used for transfers if I send money in EUR but want to invest in CZK loans?

What exchange rate is used for transfers if I send money in EUR but want to invest in CZK loans?

December 26, 2021

This is always the bank’s current rate on the day the transaction takes place. If you convert the currency to our CZK account, conversion is made to Czech crowns in the receiving bank, i.e. in Komerční Banka. If you make a payment in crowns from a EUR account, the conversion is made at your bank. As such, Bondster does not carry out such a transfer, nor does it charge any fees. For transfers where conversion occurs, we recommend using payment service providers services where the cost of conversion is significantly lower than at a standard bank. The first payment after creating a new Bondster user account must always be, for regulatory reasons, from an account that is listed on your behalf.


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