Depending on which Interactive Brokers entity your brokerage account is held with, you may be directed to deposit CZK into an Interactive Brokers bank account held at a bank in Germany. However, please note that even though the bank account is located outside of the Czech Republic, it is denominated in CZK and can receive CZK transfers without issues.
IMPORTANT: You must instruct your bank to transfer CZK.
If your bank is located in the Czech Republic, your bank application may ask if you would prefer to send funds in the currency of the destination country (which is EUR for Germany). Do not select to transfer EUR, and do not select SEPA as the transfer method as it is only valid for EUR transfers.
Ensure that the currency sent by your bank is CZK.
Certain banks in the Czech Republic may send funds in EUR by default when the destination bank is in Germany if you use their mobile application. We advise you to avoid using the mobile application and switch to their desktop application instead.
A list of banks affected can be found below. Please note that we cannot confirm the accuracy of the information provided, as they are based on client feedback and user experience. We recommend contacting your bank for further assistance on how to use their platforms and how to transfer funds in CZK:
- mBank
- ÄŒSOB
- KomerÄ�ní Banka
- Equa bank
- ÄŒeská spoÅ™itelna
IMPORTANT
- If you send EUR to Interactive Brokers' bank account denominated in CZK, the funds will not arrive at Interactive Brokers and will be returned to the remitter bank account automatically. Interactive Brokers will not be informed nor involved in the return process at the bank. The return process can be lengthy and fees may apply.
Additional Information