Over the past few months, CitySpy has been trying to find the most cost-effective solution for transferring money between currencies in the Czech Republic and throughout the world. And couple weeks back, we wrote about Revolut, a digital banking alternative that promises free international money transfers, no-fee global ATM withdrawals, and free currency exchanges at fixed interbank rates. Recently, we caught up with Revolut’s David De Picciotto to find out what the service is all about. Interested in more about Prague and the Czech Republic? Be sure to hit that subscribe button to catch our next video! https://www.youtube.com/watch?v=cquMhy07uYc For our video about exchanging money in Prague, see here: https://cityspy.rocks/2ndnyqc And for more about Revolut, see our article here: https://cityspy.rocks/2nbxro6 AlsoRead more.

via Facebook / Revolut

Launched in July 2015, the Revolut project imagines a world with free international money transfers, no-fee global ATM withdrawals, and free currency exchanges at fixed interbank rates. Sound too good to be true? Revolut is an app-based alternative to a traditional banking account that works in a deceptively simple manner. Users can download the app (available via Google Play and iTunes Store), and add funds into their Revolut account via a debit card payment. From there, they can freely send and receive money from 26 currencies throughout Europe at fixed interbank rates, with no commissions or fees. And with a Revolut MasterCard, which will ship to the Czech Republic for 6 Euro, Revolut users can make in-person payments and ATMRead more.

It’s a question that every tourist to Prague – or any destination with a foreign currency – ends up asking themselves: how to I get the best rates on local currency? To find out the answer for ourselves, we took out money from two different ATMs with a foreign VISA card and traded some pounds for crowns at a local exchange office. Which option gave us the best rates? The answer may surprise you!! Interested in more about Prague? Be sure to hit that subscribe button to catch our next video! Also be sure to follow us on Facebook: https://www.facebook.com/gocityspy/ And Twitter: https://twitter.com/gocityspy No related posts.Read more.