mBank payment abroad from the Czech Republic

Sending money abroad is becoming an increasingly common process. If you've never done it before and don't know how mBank handles international payments, you'll find out in this article. In just a few minutes of reading, you'll learn about everything there is to know – from fees to the exact procedure.

We're also introducing the Wise account which allows you to have local account details in 9+ currencies, including EUR, USD, and GBP — all in one place. You can convert your money at the mid-market rate, and we'll show you the fees upfront.

Learn more about the
Wise account 🔎

mBank international payments in numbers

🔍 Let's start with a quick example: You want to send 1000 EUR from your Czech account to a Slovak account. How much will it cost with mBank? And why is it 620 CZK more expensive than with Wise?

* All currencies in the Wise Account are part of the same, single account.

Data valid as of the date of writing this article.

With mBank, you would pay 620 CZK more than with Wise. This is the case even though mBank offers free EUR payments within the EU. The reason for this is the exchange rate, which is actually what matters most with international payments. We'll get into more detail about this later on in the article.

mBank international payment fees

All banks differentiate between two types of payments: SEPA and SWIFT. SEPA payments are in EUR and within the European Economic Area, while SWIFT payments refer to traditional international transfers outside of Europe. These differ significantly in price.

mBank SEPA payment – cost

As with most Czech banks, SEPA payments with mBank are free.¹ Thanks to European Union regulations, they cannot be more expensive than a regular domestic payment.

mBank international payment – cost

An international payment with mBank, also known as SWIFT, costs 0.5% of the amount sent. However, you will pay a minimum of 300 CZK and a maximum of 1,000 CZK.¹

mBank's exchange rate increases payment cost

For all international payments, the exchange rate plays the most significant role when it comes to the final price. Traditional banks often add a markup to the base or mid-market rate, allowing them to profit from the exchange. And mBank is no exception.

As you saw in the example at the beginning, mBank's exchange rate affected the final price much more than the payment fee. Even in cases where mBank offers free international money transfers, you will pay more than if you had the market rate without markups. This is even more true for payments with fees.

Save on international payments with a Wise account

Open your Wise account for free, quickly and easily. All you'll need is your ID and a mobile device – there's no need to visit a bank office.

With the Wise Account you can:

• Hold 40+ currencies and convert between them at the mid-market rate. We will show our conversion fees upfront
• Get local account details in up to 9 currencies, including EUR, GBP, and USD
• Receive balance cashback on EUR, GBP and USD held in your account
• Order a Wise debit card which you can use with our Smart Conversion technology
• Set up Auto Conversions based on your desired rate in the Wise app or use our Wise Rate Tracker to request exchange rate notifications directly to your email
• Create Wise virtual cards, and save on online shopping
• Get instant notifications of all your transactions via the Wise app. If you lose your card, you can easily cancel it in the app to keep your money safe

Open your Wise account
for free 🚀

Guide to sending money abroad with mBank

The key is to know the recipient's international account details. This is most commonly the account number in the IBAN format and the bank BIC/SWIFT code. For SEPA payments, these details, along with the recipient's name, are enough to make the transaction. For international SWIFT payments, you usually need to provide more information – such as the recipient's address, their bank's address, the purpose of the payment, and so on.

How to make an mBank SEPA payment

1. Log in to your online banking.
2. In the main menu, click on the “PAYMENT” button, or in the top bar, click on “PAYMENTS”. Both will lead you to choose the payment type.
3. Select the option “Domestic and EU”.
4. In the “Recipient's name” field, enter the exact first and last name of the recipient, or the company name.
5. Fill in the required details, and add optional ones if you wish, then send the payment.
6. A summary of the payment details will appear. Check that everything is correct, and confirm the payment as you normally would.³

How to make an mBank international payment

1. Log in to your online banking.
2. In the main menu, click on the “PAYMENT” button, or in the top bar, click on “PAYMENTS”. Both will lead you to choose the payment type.
3. If you are sending a payment to an EU country, select the “Domestic and EU” option. If you are making a payment outside the EU, regardless of the currency, select the “Outside EU” option.
4. Fill in the other required details. For payments outside the EU, there will be more mandatory fields. You can then add optional details as you wish.
5. When entering the amount, select the currency in which you are paying.
6. A summary of the payment details will appear. Check that everything matches, and confirm the payment as you normally would.⁴

📌 For international SWIFT payments, you can choose who pays the fees of intermediary banks as the sender. You have two options: OUR, where the sender (you) pays the fees, or SHA, where the costs are shared between the sender and the recipient.

How long does an mBank international payment take?

The speed of the transfer depends on the type of payment – whether you are sending a SEPA or a SWIFT transfer. A SEPA payment will reach the recipient either on the same day or the next business day, depending on the time you submit the payment order.

A SWIFT payment will arrive in the recipient's account within 2–4 business days from the day of sending.⁵ This depends on the currency and the destination country.

🌍 With mBank, you can check the status of your international transfer. However, you will be charged 200 CZK plus any fees from intermediary banks.¹

How to receive a payment from abroad

Are you the recipient of an international payment? The key is to provide the sender with all the necessary information about your account. This primarily includes your international IBAN number, which you can find in your online banking.⁶ mBank's BIC/SWIFT code is BREXCZPP, as stated by the bank on its website.⁷

For an incoming SWIFT payment with mBank, you will pay 100 CZK. An incoming SEPA payment is free.¹ mBank will credit your account with the appropriate funds by the next day at the latest after receiving them.⁵

mBank – contacts and customer support

If you need help with anything, you can contact mBank remotely in one of the following ways:

By phone:

• Via the mobile app by clicking the phone icon. You just need to have the app linked to your account.
• Or, call the customer line at +420 222 111 999 on weekdays from 8:00 AM to 8:00 PM, or from 8:00 AM to 6:00 PM on weekends and holidays.

Via online chat:

• Available in both the mobile and online banking platforms.

By email:

• Contact mBank at kontakt@mbank.cz.

In person:

• Visit your nearest mBank branch.⁸

Now you know exactly how mBank international payments work. All that's left is to send one. Don't forget to check the exchange rate in advance so you aren't unpleasantly surprised by the final price. Or, rely on the mid-market rate offered by Wise.

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Sources:

Sources checked on February 20, 2026.