SEPA payment Raiffeisenbank from the Czech Republic: Fees, duration, and procedure

From time to time, you'll need to send money abroad to another European country – in other words, make a SEPA payment. And Raiffeisenbank clients can do this directly from their mobile or internet banking. How exactly do you do it, and what is the cost? You'll learn all this and more about Raiffeisenbank SEPA payments in just a few minutes.

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.

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Raiffeisenbank SEPA payments – how do they work?

SEPA is a payment in euros to countries that are members of the SEPA zone. These are mainly EU countries, but also, for example, Great Britain or Norway. Compared to other international payments, SEPA payments are cheap and fast.

🔎 Example: You need to send a payment to Slovakia with Raiffeisenbank – let's say 500 EUR from your Czech koruna account. This means two things are of interest to you: the fee for the payment itself, and most importantly, Raiffeisenbank's euro exchange rate. The exchange rate has the biggest impact on the final transfer cost. For a better understanding, compare Raiffeisenbank with Wise – even though Raiffeisenbank has no fee for SEPA payments, with Wise it's 360 CZK cheaper thanks to a more favourable exchange rate.

Data valid as of the article's update date.

* You can also hold money directly in euros in your Wise account. In that case, you wouldn't pay anything for a transfer to another euro account.

Raiffeisenbank SEPA payment – cost

SEPA payments were established to enable faster and cheaper fund transfers. Therefore, they are free with most Czech banks, and Raiffeisenbank is no exception. Despite this, a SEPA payment can still become more expensive due to the exchange rate, as you saw in the example above. If the exchange rate isn't favourable, you'll pay more than the actual value of the euro.

🫰 You will only pay extra for a SEPA payment with Raiffeisenbank if you need to send it urgently – this will cost you 100 CZK. Incoming SEPA payments are, of course, free with Raiffeisenbank.¹

Raiffeisenbank's exchange rate increases the cost

While SEPA payments are free with Czech banks, they still profit from them. They do this by adding a margin to the exchange rate. The base rate, or mid-market rate, set by central banks, is increased by commercial banks with a markup of 2–4% on average. The example at the beginning of the article clearly demonstrated this, showing that with the mid-market rate, you would save 360 CZK on your Wise account. If you transfer euros frequently or in larger amounts, you will definitely feel the exchange rate markup.

Save on international payments with Wise

With a Wise account, you always get the mid-market exchange rate for all currency conversions, so your money doesn't lose value during transfers. You can also hold euros directly in your account and avoid currency exchange altogether. This applies to the other 40+ currencies available to you.

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

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Not every Raiffeisenbank euro payment is SEPA

Once you send money outside the European Economic Area, SEPA payments won't help you, even if it's a transaction in euros. These transfers are processed through the SWIFT system. Banks worldwide are connected to SWIFT, which allows for faster money movement than in the past – even so, SWIFT payments still take considerably longer than SEPA payments.

SWIFT transfers will hit your wallet harder. You can find out how it looks specifically with Raiffeisenbank in the table.¹

Data valid as of the article's update date.

With the Active Account, keep in mind that the first two free payments apply to transactions in both directions – incoming and outgoing.

How long does a Raiffeisenbank SEPA payment take?

A Raiffeisenbank SEPA payment should arrive in the recipient's account the next business day. With Wise, it's usually even faster – you'll be looking at just hours, or even minutes. You'll always see the approximate duration before sending the payment.

A euro payment outside the SEPA zone – for example, when transferring euros to the USA – should arrive within three business days of being sent.³

How to make a Raiffeisenbank SEPA payment – guide

You now know almost everything about Raiffeisenbank SEPA payments. The only thing left is to learn how to send one. Follow these steps.⁴

In mobile banking:

1. Log in.
2. Click the yellow button labelled ‘Payment’.
3. Select the SEPA and international payment option.
4. Fill in the required details, such as the IBAN account number or currency.
5. Click ‘Continue’.
6. Review the details and confirm the payment with your verification method.

In internet banking:

1. Log in.
2. Select the ‘Payments’ tab and then ‘International/SEPA payment’.
3. Choose the SEPA and international payment option.
4. Fill in the required details, such as the IBAN account number or currency.
5. Review the details and confirm the payment.

Raiffeisenbank SEPA payment: How to receive one?

If a euro transfer is coming to you, you don't need to worry about anything. Just provide the sender with your account's IBAN and your bank's BIC code so the payment reaches its destination. You can find both of these in your online banking. By the way, you can also see Raiffeisenbank's BIC on the bank's website: RZBCCZPP.⁵

You are now fully informed about Raiffeisenbank SEPA payments and international transfer options in general. You know how SEPA payments work, what advantages they offer, and what pitfalls to watch out for. And you know how to save on them with a Wise account.

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Sources:

Sources checked on 12. 2. 2026