Send Money to Poland

How to send money to Poland using a money transfer service or foreign exchange broker to a Polish bank account.

Send Money to Poland

Transferring Money to Poland

When transferring money to Poland to move or make a routine salary transfer. There are a handful of ways to help your chances of getting a competitive Polish Zloty currency exchange rate, improved service levels as well as guarantee you send money to Poland securely.

Ways to Send Money to Poland

  • Debit Card – when acquiring products on Polish websites or using an online merchant you could be offered the ability to pay with a worldwide debit card, the site is not likely to use competitive foreign exchange rates when transferring money to Poland or buying items on a foreign debit card. You are most likely to be billed an admin fee from your financial institution to make the repayment and likewise a cost from the seller’s financial institution. Those needing to transfer money to Poland to obtain a house or pay a lawyer invoice could be required to move money to Poland, consequently, they will need to transfer PLN using their financial institutions or preferably a foreign exchange broker. Various fx brokers authorize debit cards as ways of payment, supplying you the benefit, whilst remaining free from costs, in addition to acquiring from a better Polish Zloty currency exchange rate.
  • Credit Card – Appropriate for leasing an apartment before arriving Poland, bank credit cards offer comfort and also furthermore financial recourse from your credit card provider if all isn’t as it appears. However please be aware Bankcard function from uncompetitive currency exchange rates and will probably bill you for the transfer, sometimes this can be balanced out by air miles or points variables.
  • Bank Transfer – Many will pick to transfer money to Poland straight from their bank account. Typically, the foreign exchange rate to move cash to Poland will certainly not be as affordable as the one the fx broker will use and also you can require to visit your regional financial institution branch to transfer a significant amount to Poland. When sending money to Poland using a global bank you will also typically have to pay a transfer cost or charge of around ₤ 10-30 or currency equivalent.
  • Swift/ SEPA – Swift settlements relate to money transfers to or from outside the EU. Within the EU SEPA repayments are applicable when transferring money to Poland from Europe. Therefore Polish Zloty money transfers are faster as well as being much less expensive when being sent out to Poland.

Required Bank Details to Transfer Money

Identification – When you send money to Poland using a banking institution you will be asked to offer 1-2 examples of a picture ID as well as have your bank card on you. Money transfers to Poland usually will need to be made in your local branch. If you have the choice to send money to Poland utilising your online bank account, you will probably require your debit card reader to hand in addition to bank logins, etc to access the online account.

When choosing to use a Foreign exchange broker, your ID papers will all have been kept when you opened up the account, your money transfer account supervisor will ask you a handful of basic questions to verify the account over the phone. Their online systems resemble those of banking institutions just with far better online Polish Zloty currency exchange rates.

IBAN – A Polish IBAN will begin with PL and also be followed to by about 26 additional characters. You’ll require the name of the individual or Polish company you are sending the money to, to complete a transfer to a Polish account.

Time taken to send money to Poland

  • Typical time – For a foreign exchange broker to get your money, convert to polish Zloty, as well as send your money transfer to a Polish account or recipient you need to allow between 1-2 trading days. Often the recipient’s banks might take a while to allocate funds sent from abroad. If utilising a financial institution to move funds to Poland you should expect it to take 1-2 days much more as their handling is normally slower.
  • Same-day transfer – If funds are currently in your foreign exchange transfer account you have a great chance of moving your Zloty to Poland and funds getting there the same day. It might take the receiver savings account 1 day or more to allot funds. Banks will certainly take a lot longer, normally 2-4 functioning days.

Cost to Transfer Money to Poland

  • Commission – Fx commission is taken by financial institutions but varies from one organisation to the next. However, one typical occurrence is they remain uncompetitive when compared to foreign exchange brokers. A Foreign exchange broker will generally have the ability to save their clients around 1-4% when sending out money to Poland as well as different various other areas of Europe
  • Transfer Fees – A financial institution will normally charge between ₤ 10 -₤ 40, or local currency equivalent to transfer your money to Poland. The majority of foreign exchange brokers do not debit transfer fees. None included on Foreign exchange Live do.
  • Exchange Rate – A bank will usually set a ‘day FX price’ which will be determined when the branch opens in the morning. To reduce any type of FX market variants in Zloty rates a margin or spread will be contributed to cover any type of sort of money volatility. Fx brokers, otherwise, utilise a live market Polish Zloty currency exchange rates allowing you to make the most of currency appreciation along with receiving guidance if the PLN rate diminishes.

Fees for Receive Money in Poland

Poland is a member of the SEPA payments system, if you are sending money from Europe you are not likely to be charged an intermediary cost or transfer fee. If a fee is taken, this is debited by your Polish bank account, you can generally settle this with them directly, it is however really unusual.

Limits on Money Transfers to Poland

You won’t be limited on just how much # money you can transfer to Poland on the proviso you or your business can justify the zloty money transfer. If your foreign exchange broker authorizes the money transfer, there is no written restraint on how much you can trade.

Usually, if a transfer surpasses ₤ 500,000+ or money equivalent your foreign money broker can request a copy of a bank statement to validate your ability to meet the Currency transfer contract, they could, also ask for documentation to reveal the factor for the transfer (e.g Polish house procurement).

Transfer a Deposit to Open a Polish Bank Account

Your banks or currency broker will enjoy helping you move funds to a new Polish bank account. Merely assure any kind of paperwork and your Polish account information is to hand, your financial institution or currency broker can afterwards assist with your bank deposit transfer and send your cash to Poland.

Polish financial institutions will request you credit your account right away if you credit your account with 1000+ Zloty each month or more expect no month-to-month fees. If less, expect to be charged 15 PLN every month to maintain the account. This regular monthly cost typically depends upon the account as well as the bank you select to manage your money.

Safely Send Money to Poland

When transferring money to Poland you are right to be prudent and check out the best money transfer solutions. Thankfully, foreign exchange brokers, and money transfer companies, are incredibly mindful of money transfer fraud. Together whilst being diligent on your behalf, they will furthermore cross-check dubious beneficiaries using their systems to flag any kind of questionable transfers.

  • FCA – Always verify your fx broker is financial conduct authority (FCA) identified. A foreign exchange broker must never be reluctant to share their FCA enrolment number or an online link to its approval on the FCA’s register. They should likewise promote info regarding their policy on their internet site
  • Guarantees – Whilst an Fx broker will have no way to provide service warranties or guarantees their client accounts are located with tier 1 organisations. All client funds transferred to accounts are maintained independently from their extremely own working capital if something was to occur with the currency broker you can retrieve the funds directly from the tier 1 bank.
  • Protection – reputable fx brokers solutions follow significant anti-money laundering procedures to guarantee they are dealing and taking care of funds from respectable clients and organisations only. This is continued when they trade currency and also transfer funds to Poland, to make sure criteria remains high, money exchange brokers could ask for further information on transfers whose recipients look unclear. Cash exchange broker’s FX trading systems are digitally safeguarded, they also use high levels of web security to stop the possibility of their client’s information being taken.
  • Fraud – Despite these preventative processes, illegitimate purchases can occur within the global money transfers sector. You can, nonetheless, take measures to lower the chance of ending up being a transfer fraud target. Never send your password and security logins over email or be pressurised to make a cash transfer by a foreign exchange broker. Be certain communication with your broker is from a suitable company e-mail address. If you are phoned suddenly by an unidentified member of the broker’s group or new account manager set up to call them back to guarantee they are an employee of the currency exchange broker who manages your transfers.

Reasons to send money to Poland

  • Bills – Your Polish residential property lease or firm will have recurring costs. These can include local state property tax, repair costs, or utility bills. An fx broker will be happy to set up transfers and cover your Polish account and also look after any kind of cash transfers to Poland.
  • Loans – If you have been lent money from a relative or good friend in Poland you may desire to clear the financial debt if Zloty prices move in your favour. Furthermore, if you have a mortgage on your Polish residence and also the PLN rate is in your favour you could want to take into consideration sending money to Poland to pay off part of your Zloty home loan.
  • Family – Birthday party events, in addition to family occasions, are never away. Your forex broker account can be a great method to send monetary presents to family members in Poland.
  • Property – When the Zloty currency exchange rate jumps in your favour, you might consider capitalising and make some residence repairs.
  • Inheritance – Regrettably many experience members of the family passing away overseas. If you are unfortunate enough for this to be the case, you may wish to move inheritance proceeds back to Poland. A broker can sensitively manage the procedure.
  • Car – If moving to Poland you may choose to lease or get a car to commute or discover the Polish countryside.
  • Holiday – If leasing a residence or apartment for an escape to Poland your fx broker will provide a much better Zloty rate than your bank or debit card.
  • International wholesalers – When getting oversea products or products you can get assistance on services from an fx broker to minimise FX risks associated with purchasing items from suppliers that market in Polish Zloty

Foreign Exchange Brokers

Considering the services of a credible foreign exchange broker is the best way of guaranteeing to save money when sending money abroad. Savings between 1-4% are feasible which will be significant on regular transfers and Dutch property purchase money transfers. They can also provide you with several solutions to maximise the amount of currency you receive in Poland.

Finding a reputable Foreign Exchange Broker

Clients can compare the offerings of transfer services and foreign exchange brokers in many ways when they need to transfer money to Poland.

  • Regulation – always ensure the foreign exchange broker you use is regulated, in Poland, for example, brokers must be authorised by the FCA (financial conduct authority)
  • Length of time in business – typically indicating knowledge of the market, number of clients they’ve helped, stability in the market. They are most likely to have helped many other clients transfer money to Poland and dealt with many different scenarios.
  • Transfer fee or no transfer fee – especially worth considering when the payments being transferred to Poland are small. A transfer fee can typically outweigh the advantages of sending the money to Poland via a bank or broker even if the rate offered is competitive. All brokers promoted on Foreign Exchange Live work on a fee-free basis.
  • Online transfer, telephone transfers or both – online Apps are great for small transfers to Poland. Recourse can be slow if the money goes astray. Customer service when dealing solely online can vary. Much of this service is via a chat/text box or email. An established foreign exchange broker will operate both an online and telephone dealing service. Meaning you speak directly to an account manager who will be assisted by a back-office team or customer service division.

Find The Right Broker To Transfer Money To Canada

Specialists such as Moneycorp and Rational FX have vast experience in advising and assisting clients all over the globe and saving them thousands of pounds in the process.

  • Customer Service – Banks are cumbersome and hard to contact from overseas. Transfer apps can be convenient for smaller payments, but don’t offer prompt customer support if an issue arises. Foreign exchange brokers offer a consistent service. All clients receive a personal account manager with a direct email address and phone number to enable easy contact and customer service if required.
  • Safety And Security – All top foreign exchange brokers will hold client funds in segregated accounts. All transactions are conducted following the FCA regulations and guidelines, we strongly advise to check with your broker on the exact details.
  • No Expensive Fees Or Charges – Depending on the bank, for each transaction, it could cost anywhere from £10 to £4o or local currency equivalent. A foreign exchange broker will process your transfer to Poland with no transfer fees and narrow margin (or spread).
  • Better Exchange Rates – A bank will, as a rule, be making a spread of between 2-6% whereas the rates on offer from leading providers will be around 1%. Once your trade is executed, you will be provided with a deal notification showing clearly the base currency amount and the number of Euros purchased.

Foreign Exchange Contracts

A foreign exchange broker offers several supplementary services not available in banks or on many money transfer apps. These include:

  • Spot contracts – Arranging a transfer and agreeing on a rate and sending the money to Poland shortly after
  • Forward contracts – fix today’s exchange rate for payment up to 2 years in the future. guaranteeing the cost of your purchase and avoiding foreign exchange volatility.
  • Stop-loss – If your currency pair is trending lower a stop-loss protects your currency from depreciating too much, the currency is traded automatically when it hits the agreed level
  • Firm order – target a rate superior to the current foreign exchange market rate. Once the desired exchange rate is reached, the currency is purchased automatically day or night.
  • Option contract – as with the forward contract but also having the ability to opt for a superior rate is the market rate improves. Typically for businesses rather than private clients.
  • Regular international transfers – A payment plan to send money overseas regularly

Documents needed for a foreign exchange broker account

The application to open your foreign exchange account can be completed within minutes. The first step is to apply online giving personal details and a brief overview of transfer needs. Once complete you will typically need to supply the following to get your account approved

  • A valid form of photo ID
  • Recent utility bill or address proof (less than 3 months old)

List of Foreign Exchange Brokers

  • Boutique brokerages such and Newbridge FX offer tailored services to cater to their clients’ needs and work tirelessly to limit their clients’ FX risk.
  • Midsize brokerages such as Rational FX operate both corporate and private client operations with a focus being on key markets such as France and Spain.
  • Large multi Geographic operations such as Moneycorp operate in multiple jurisdictions and have many local offices to best serve their global clientele.

Banks in Poland

The leading banks for ex-pats and foreigners include


To open an account with Millennium Bank, you’ll need to visit one of their bank branches with your hard copy ID and the other documents mentioned above. For foreigners and Expats
The “Konto 360°” in PLN offers a great balance for foreigners. It is available everywhere, 24/7. Millenium bank will provide you with a free Millennium Visa debit card, cash withdrawal in all ATM’s (Polish and foreign), and supply online money transfers without charge.
Also, you will not have to pay anything for the account or Millenium the debit card. Cash withdrawals from all ATMs in Poland and abroad are free providing you meet two monthly criteria
  • One non-cash payment with the card issued for Konto 360° is made
  • Monthly funds to Konto 360° equal a minimum of 1000 PLN
If you don’t meet those conditions, you will incur a monthly fee for Konto 360° account which is 8PLN, plus 7PLN for the Millennium Visa card, plus fees for withdrawing money with ATMs.

ING Bank

To open up an account with ING Bank, you just require to visit one of ING banks Branches in Poland. Be sure to take the documents mentioned above accompanied with valid photo ID. The “Direct account” allows you to obtain a Visa debit card. Make cash withdrawals from ING bank and Planetcash ATMs, which are free of charge, you can withdraw in other ATMs without charge once a month. After this withdrawal ING bank will charge 2,5 PLN.
There is no account maintenance fee. And you won’t have to pay anything for the debit card and the cash withdrawals from ATMs if you make at least one non-cash payment of at least 300 PLN with the debit card. If you don’t, you will incur a monthly charge of 7 PLN for the debit card.

PKO Bank

To open an account with the PKO Bank, you simply require a local branch with your documents and Valid photo ID. The PKO Zero account will provide you with a debit card. Money withdrawals in PKO financial institution ATMs are free, but you will be charged with a 5PLN cost when you withdraw in other banks ATMs.
There is no account monthly fee if your monthly account credits are above 1500 PLN. You won’t have to pay anything for the debit card if you make card purchases are above 300 PLN per month.

Opening a bank account in Poland

Opening a bank account in Poland ought to be quite easy if you’re a citizen and have residency. Some financial institutions do not facilities for non-residents, making this a more difficult choice for the occasional visitor.
If you’re a resident then all you require to open a Polish bank account is:
  • Passport, photo drivers license or national ID card
  • Proof of residence (residence card, or if you don’t have this, then banks can usually accept another proof of address such as a rental contract or utility bill)
  • For a credit card or overdraft facility, you’ll be expected to show proof of employment or previous banking history
The majority of Polish financial institutions have English speaking staff and call centres, branches remain open up until 6 or 7 pm during the week. If you have queries you should have the ability to find someone to assist you.

Bank details in Poland

An IBAN (International Bank Account Number) is an internationally-agreed bank code comprised of as much as 34 letters and numbers that aids banks ensuring that global transfers are processed appropriately.
A Polish IBAN consists of 28 digits
  • Country code 2 letters – PL
  • Check number 2 digits – 61
  • The Polish banks 3 digit SWIFT – XXX
  • Bank Branch 4 digit code – xxxx
  • Polish check digit – 4
  • Polish 16 digit bank account number – 0000012345234156

Relocating to Poland

When relocating to Poland its almost certain that you will need to send money to Poland in order to kick start your adventure. There are many ways to go about this, but often proven as the most cost effective is a foreign exchange broker who will typically offer the best rate when you need to transfer money to Poland.

Whilst typically due to EU free movement throughout the continent, we hear more about younger people moving to places like the UK. Poland in recent years has become a hub for expats with, more than 222,000 now calling the country home. In this guide we take a look at expat life in Poland and the best ways to transfer money to Poland.

Poland has proved very popular with EU citizens with German, Spanish, French, Italians and UK all relocating in search of a better life.

The country boasts breath-taking Slavic architecture, great food and welcoming locals. Thankfully the country’s iron curtain separation from Europe has now long passed unveiling a dynamic country which offer a great work life balance and value for money.

Jobs In Poland

Sectors that thrive in the Poland are made up mostly by manufacturing companies. Typical job roles available in Poland circle around machine building, steel manufacturing and coal mining. Chemical companies are also prominent in the country and job roles can normally be sourced in these sectors.

Despite a strong manufacturing sector, the majority of expats end up working in the services sector. The government invests significantly in infrastructure, innovation and education.

Poland’s economy has strengthened significantly in previous years and the country has benefitted significantly since its inclusion in the European Union. Poland currently sits at number 10 in terms of GDP when compared to other European nations, recording an overall GDP of 565.854 billion USD in 2019.

The smaller associated costs of running a business have seen companies such as Shell, proctor and gamble and Citi open operations in Poland and expats can find jobs before or upon arrival.

Why Poland Ranks As One Of The Best Places To Live

Last year Warsaw climbed from 25th to 13th place in HSBC’s expat league table. Demonstrating the evolution the capital makes every year. The country is now surpassing counties such as Mexico, Hong Kong, Sweden and India as more expats find Poland a great area to relocate and start a business. Expats enjoy the great history, low cost of living and breath-taking scenery the country bestows.

Poland also ranks highly in terms attractiveness of global investment; with many experts believing it ranks in the top 10 of places to invest or start a business further endorsing the countries entrepreneurial spirit.

Most Popular Cities In Poland

As very few foreigners move hear to retire the vast majority of expats can be found in major towns and cities. The most popular locations include

  • Poznan is believed to adopt roughly 8% of foreigners that relocate to the country. Known for its universities the city is nestled on the Warta river. The old town features a pretty market square and beautiful renaissance style structures.
  • Krakow which is unfairly known as an area which stag and hen parties flock to the city offers much more than cheap booze and nightlife. The city offers much culture and has a Jewish quarter and picturesque medieval town centre. Krakow is one of Poland’s most southern cities and is located just a stone throw from the Czech Republic. Its gothic church (St Marys Basilica) dates from the 14th century and can be found close to the beautiful cloth hall.
  • Wroclaw is located on the western side of Poland on the banks of the Oder river. Elegant homes line its charming market square, the square features a Wroclaw’s gothic town hall. Close by the panorama of Raclawice a painting depicting the 1794 battle for independence. It’s believed that Wroclaw is now called home by just over 10% of foreigners.
  • The polish capital of Warsaw popularity won’t come as a surprise to any who have visited. It’s estimated that nearly 30% of foreigners choose to live in Poland’s capital. Its population exceeds 1.8 million and the metropolis covers 517 square kilometres. The capital offers a vibrant array of restaurants and boutiques, although many report that clothes tend to be more expensive than other areas of Europe and the US.

What You Need To Know Before Moving To Poland


Whilst Poland benefits from warm summers the country can get very cold in winter, be prepared for this as temperatures can fall as low as -3c. The eastern coast suffers the most from cold snaps so consider this before relocating.

Currency Of Poland

Whilst part of the European Union; Poland didn’t adopt the Euro and although accepted, the Polish Zloty is the currency of choice. Before relocating to Poland its worth consulting with a foreign exchange broker in order to get the best PLN exchange rate when transferring money to Poland. A foreign exchange broker can also be extremely helpful if you receive a salary in a different currency or if you plan to send money back home. Like wise before arrival they are very well place to help send money to Poland and ensure you get the best exchange rate.

English Isn’t Commonly Spoken

Whilst those who relocate to Poland’s main cities will be able to get by, English isn’t widely spoken with only 37% practicing the language. Those who speak Russian will find things easier with the language being widely understood. It’s highly beneficial to enrol in lessons either before or upon arrival as you my struggle without the local dialect.

Unfamiliar Easter Monday Customs

Don’t be surprised if you get soaked on Easter Monday. After the celebrations on Easter Sunday polish have a custom called “Śmigus-dyngus” or wet Monday whereby its friends and neighbours soak each other with buckets of water. The custom originated from people sprinkling other with water from the palms but now is more like a neighbourhood water fight.

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