Are you an entrepreneur or a company engaged in international trade? Competitive foreign exchange conversion is exactly what you need.
There are no minimum transaction limits for buying or selling foreign currency with Citfin. We approach every client individually.
Trade at foreign exchange market rates without the need for phone communication. Simply activate online FX trading in our internet banking and start immediately.
With us, you always have a clear overview of foreign exchange transactions, FX market movements and real-time exchange rates online. EUR exchange rate, USD exchange rate, GBP exchange rate and other currency rates are always available to you.
Advantages of Foreign Exchange Conversion with Citfin
Competitive FX Rates
Obtain more favourable exchange rates for both buying and selling foreign currency. We trade in 26 currencies and also offer cross currency rates. There are no minimum volume limits for spot transactions.
All inclusive
Secure online trading, competitive FX rates, fast payment processing and full control over your corporate finances – all in one place within BankServis.
Save Time
No phone calls required. Simply log in to BankServis internet banking and access your individual online FX rates free of charge and without fees.
Individual Approach
Personal telephone consultations regarding exchange rates and their expected development are a matter of course. You always remain in full control of your foreign exchange exposure.
Client Experience with Foreign Exchange Conversion
2:06Romana Novotná
jednatelka
LERROS Fashion CZ s.r.o.
1:02Helena Zumr Janů
jednatelka
HD COMMODITY s.r.o.
Are you looking for advice or answers to your questions? Let us know, we’re happy to help.
We are available on weekdays from 8:00 to 17:30 Monday to Thursday, on Fridays from 8:00 to 17:00.
How It Works?
You can execute an FX transaction either by phone with a member of our dealing desk or online via BankServis internet banking in the “Online Exchange” section.
Provide the transaction parameters to the dealer or enter them directly in BankServis to receive a quoted exchange rate. During the process, you are authenticated via SMS.
Confirm the transaction verbally with the dealer or simply approve it in BankServis.
You will receive a trade confirmation by email or access it directly in BankServis.
On the settlement date, Citfin transfers the purchased foreign currency to your designated bank account or executes a domestic or international payment according to your instructions.
Frequently Asked Questions
Cash currency refers to physical banknotes and coins typically purchased at an exchange office. Foreign exchange (FX) is non-cash currency purchased through Citfin and credited to your account.
- Spot transactions: purchase and sale of foreign currency with settlement within two business days.
- Forward transactions: purchase and sale of foreign currency with settlement from three business days up to two years.
- We also provide real-time exchange rates online.
- Currency and amount purchased
- Currency and amount sold
- Exchange rate
- Transaction type (spot, forward, swap)
- Settlement date (date of currency exchange)
- Settlement method
Prior to cooperation, a Master Agreement governing future transactions must be concluded.
In accordance with Act No. 253/2008 Coll. on certain measures against money laundering, client and authorised persons’ identification is mandatory. Verification can be completed in person with our representative or via a notary.
Once completed, trading may commence.
Foreign exchange conversion is free of charge, fast and straightforward. No hidden fees. You may also trade exchange rates online.
The FX market moves continuously and cannot be predicted with certainty. We are fully online, and timing the most favourable rate is not possible. We are happy to consult with you on recent developments in EUR, USD, GBP and the full range of 26 currencies, including upcoming macroeconomic data with potential market impact.
No. Online exchange rates are inherently volatile. While no regular patterns exist, macroeconomic data are released at scheduled times, during which exchange rates tend to show increased volatility.
Security is essential. Our employees must ensure they are communicating directly with you and that no unauthorised party is attempting to harm your company.
- Log in to BankServis internet banking.
- In the main menu “Exchange”, select “Exchange – Online”.
- Complete the required transaction details in the online form.
- Click to request a quotation.
- An individual exchange rate is displayed automatically.
- If acceptable, confirm the transaction by clicking the confirmation button.
As we trade live on the FX market and rates change continuously, the quoted rate must be confirmed within five seconds. If the time limit expires, a new quote can be requested immediately.
After execution:
- A transaction overview can be printed directly from BankServis.
- Confirmation is delivered to BankServis.
- For settlement, transfer the sold currency to Citfin according to the confirmation instructions, or the transaction may be settled from your account balance.
- On the settlement date, Citfin transfers the purchased currency in accordance with your instructions.
CZK, EUR, USD, CHF, GBP, PLN, HUF, RON, DKK, SEK, NOK, AUD, JPY and CAD.
Yes. Regulation of the European Parliament and Council (2012) imposes reporting obligations on both providers and clients.
No. Citfin enables trading in real, regulated currency exchange rates only.
Yes. No asterisks, no hidden conditions. Online exchange rates are always fully transparent.
