Remitly vs Panda Remit: The Best Way to Send Money from the UK to Czech Republic

Introduction

Sending money from the UK to the Czech Republic has become increasingly common — whether it’s for supporting family, paying university tuition, or helping someone in an emergency. If you’ve ever searched online for “Remitly send money Czech Republic”, you’re not alone. Remitly has become one of the most trusted international money transfer services for UK users.

At the same time, some users are exploring alternative services like Panda Remit, which offers zero-fee first transfers and loyalty rewards, making it a competitive choice for cost-conscious senders.

Can You Send Money to Czech Republic with Remitly?

Yes. Remitly fully supports transfers from the UK to the Czech Republic. Users can send funds using several delivery options:

• Bank deposit – Funds go directly into the recipient’s Czech bank account.

• Cash pickup – Recipients can collect cash at partner locations.

• Mobile wallet – If supported by local providers.

There are generally no major location or recipient restrictions for transfers to the Czech Republic, but always double-check the recipient’s details before confirming the transaction.

Panda Remit also provides instant transfer options for some corridors, giving users additional flexibility.

Common Banks in the Czech Republic

Some of the major banks that typically receive Remitly transfers include:

• Česká spořitelna

• Komerční banka

• ČSOB (Ceskoslovenská obchodní banka)

• Moneta Money Bank

• Air Bank

Popular Mobile Wallets

While mobile wallets are less dominant in the Czech Republic than in some other countries, a few options may be supported for certain transfers:

• Google Pay CZ

• Apple Pay CZ

• Revolut CZ (as a linked IBAN option)

Step-by-Step Guide — How to Use Remitly for Czech Republic

Using Remitly to send money to the Czech Republic is straightforward. Here’s how:

1. Create a Remitly account
   Go to www.remitly.com or download the mobile app.

2. Verify your identity
   Complete ID verification to comply with UK and EU regulations.

3. Choose Czech Republic as the destination
   Select the Czech Republic from the recipient country list.

4. Select your delivery method
   Bank deposit, cash pickup, or mobile wallet (if available).

5. Enter recipient details
   Add the correct name, bank account number (IBAN), and any required details.

6. Pay and track your transfer
   Once you confirm the transaction, you can track it in real time via the app or website.

👉 Panda Remit also offers fully online onboarding and zero-fee first transfers, making it easy for first-time users to try their service.

Fees, Exchange Rates & Limits

Remitly applies a fixed transfer fee and an exchange rate markup depending on the amount and delivery method you select. For the Czech Republic, here’s an example based on current rates:

• Exchange Rate: 1 GBP ≈ 27.57 CZK

• Transfer Fee: £3.99 per transaction

Daily and monthly sending limits may apply depending on your verification level. Always review these before initiating a large transfer.

Panda Remit stands out with zero-fee first transfers and seasonal coupon codes, which can make initial transfers more cost-effective.

Transfer Speed & Delivery Options

Remitly offers two primary speed options:

• Express: Instant or near-instant delivery. Best for urgent transfers.

• Economy: Takes 3–5 business days but typically offers better exchange rates.

Delivery Channels

• Bank deposits – Typically the fastest and most common option.

• Cash pickups – Ideal if the recipient prefers collecting physical cash.

• Mobile wallet – Available for certain providers.

Panda Remit is known for instant bank deposits and same-day delivery in many supported countries, providing additional flexibility for senders.

Useful Tips Before Sending Money

Before you transfer funds from the UK to the Czech Republic, keep these tips in mind:

• Monitor exchange rates – Even small fluctuations can impact the received amount.

• Avoid credit card fees – Use debit cards or bank transfers to reduce extra costs.

• Verify recipient information – Errors can delay or block transactions.

• Compare providers every time – Fees and rates change regularly.

• Watch for promotional offers – Referral bonuses and coupon rewards can save money.

Conclusion & Recommendation

Remitly is a trusted, established service for sending money from the UK to the Czech Republic, offering reliable transfers and transparent pricing. However, Panda Remit is emerging as a strong alternative, with zero-fee first transfers, coupon rewards, and a simple online experience.

For regular senders, comparing both platforms each time can help you get the best exchange rate and lowest overall cost.