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hyponamiru.cz / Glossaries / Cash

People think of cash as notes and coins of a particular currency. This is the physical currency that we normally carry around in our wallets to pay for various goods and services. In addition to cash payments, non-cash payments are increasingly being used. In this case, money is deposited, for example, in a current account at a bank and we pay for selected goods and services through electronic banking or credit cards.

Restrictions on cash payments

Cash payments in the Czech Republic are limited to CZK 270,000. Therefore, if the requested price for goods or services exceeds this limit, it is not possible to use cash but, for example, a non-cash payment from a bank account to a bank account, transfer money by postal order or use a person authorized to provide payment services.

Advantages of cash

Cash is preferable to electronic payment in many life situations. For example, people like to use cash for smaller payments, wherever the retailer does not accept credit cards, or when we want to maintain a certain level of anonymity in the payment (e.g. when buying a gift from a joint bank account of a married couple). Many studies also confirm that people have better control over their spending and spend less overall when paying in cash compared to electronic payments.

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První kroky k nové hypotéce

Tak, jako rodiče pomáhají svým dětem s prvními krůčky a chrání je před pádem, my pomáháme lidem k vysněnému bydlení. Provedeme vás celým procesem získání výhodné hypotéky. Od začátku, až do konce, bez zakopnutí.

 

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Frequently asked questions

Can a mortgage be really arranged online?

Yes, it can. Thanks to the latest technology we’re using, you really don’t need to go to the bank to arrange a mortgage. Check it out for yourself.

Do you deal with new mortgages as well as refinancing?

Yes, we deal with both new mortgages as well as refinancing of the existing home mortgage loans. Our specialists will find a solution for you in either case – a solution you can afford.

With which Czech banks do you have the best experience?

The most client-oriented bank is certainly Hypoteční banka with their speed of request processing, the service quality, the range of checking accounts they offer, and the interface called “Mortgage Zone”. Other such banks include Komerční banka, Moneta and Raiffeisenbank.

How long does it take to arrange a mortgage?

A mortgage can be arranged within a month or three. The whole process usually takes around two months. The reason behind it is mostly the approval process on the side of the banks. However, there’re plenty of possibilities to speed up the mortgage application and we know them. Check it out for yourself.

We facilitate consumer credit as a tied agent registered by CNB under company ID number 05736501. We are also registered as an independent consumer credit broker of commercial company Broker Trust, a.s., company ID number: 26439719.

@ 2023 The company Hypo na míru s.r.o. is registered at the Municipal Court in Prague, file number C 269834, company ID number: 05736501.