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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, and 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 to buy 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 specialist Various fx brokers authorise 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 in 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 fx broker will use. You can also 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 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 and 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 and have your bank card on you. Money transfers to Poland usually will need to be made in your local branch. If you choose 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 provider, 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 by about 26 additional characters. You’ll require the name of the individual or Polish company you send the money to complete a Polish account transfer.

Time taken to send money to Poland

  • Typical time – For a foreign exchange provider to get your money, convert to Polish Zloty, and 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 providers. A Foreign exchange specialist will generally have the ability to save their clients around 1-4% when sending out money to Poland and different 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 FX market variants in Zloty rates, a margin or spread will be added to cover any money volatility. Otherwise, Fx brokers utilise a live market Polish Zloty currency exchange rates allowing you to make the most of currency appreciation and receive guidance if the PLN rate diminishes.  

Fees for Receive Money in Poland

Poland is a member of the SEPA payments system. If you send 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 authorises 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 transfer factor (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 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 and the bank you select to manage your money. 

Do foreign exchange brokers send money to all Polish banks? 

Foreign exchange brokers are happy to send to all accredited polish banks. The only hurdle you may encounter is if the bank, payment institution or investment house is blacklisted or has a track record of fraudulent transfers. In which case, the foreign exchange provider will protect your funds from being sent to and make sure you wish to facilitate the transfer. 

Safely Send Money to Poland

When transferring money to Poland, you must 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 cross-check dubious beneficiaries using their systems to flag any questionable transfers.

  • FCA – Always verify your fx broker is financial conduct authority (FCA) identified. A foreign exchange provider 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 could 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 web security levels to stop the possibility of their client’s information being taken.  
  • Fraud – Despite these preventative processes, illegitimate purchases can occur within the global money transfer’s 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 e-mail or be pressurised to make a foreign exchange broker’s cash transfer. 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 a 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 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 the PLN rate is in your favour, you could want to consider 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 experienced 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 purchase – 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 overseas products or products, you can get assistance 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 provider is the best way to save money when sending money abroad. Savings of between 1-4% are feasible, significant on regular transfers and Polish 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 provider 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’ helped, stability in the market. They are most likely to have helped many other clients transfer money to Poland and deal 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 e-mail. An established foreign exchange provider 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 Poland

Specialists such as Moneycorp and Rational FX have vast experience in advising and assisting clients worldwide 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 e-mail 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 checking 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 specialist will process your transfer to Poland with no transfer fees and a 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’ll be provided with a deal notification showing clearly the base currency amount and the number of Euros purchased. 

Foreign Exchange Contracts

A foreign exchange provider 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 and 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

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

Arranging a transfer to Poland  

Once you’ve selected your broker of choice and supplied the relevant documents to make your transfer to Poland, you can either transfer money by phone, online or via the broker’s app. If performing the transfer online or via an app, the process will be very intuitive. You’ll be offered a PLN exchange rate. If you’re happy with this rate, you click to accept. The online platform will then prompt you to add your Polish bank account and provide you with a way of paying for your local currency transfer. This will typically be by bank transfer or via debit card. 

Large money transfers to Poland 

It’s always worth making sure you speak to a currency expert a few weeks or ideally months before making a large money transfer to Poland. The timing of a large money transfer is key. Exchange rates move quickly. The difference between a three per cent movement on a £1000 will be £30. The same movement on £100,000 transfer will be £3000. 

Instant Transfers to Poland  

There are a handful of instant money transfer services that will be very happy to transfer money immediately to Poland. The transfer fees they charge will be comparable to banks by the rates are very uncompetitive. Their PLN rate will be comparable to the exchange rates offered at a train station or airports in many cases.  

When should I use an instant transfer service? 

An instant money transfer service should only be used in a crisis. The rates and transfer charges are the premium for immediacy. If a relative has had their wallet stolen or injured themselves and needs PLN to pay medical expenses immediately, they should be considered. 

Banks in Poland

The leading banks for expats and foreigners who plan to live in Poland include the following institutions; 


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 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, 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 must visit one of the ING banks Branches in Poland. Be sure to take the documents mentioned above, accompanied by a 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 from 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 require a local branch with your documents and a 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 from 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 should 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 driver’s 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.  

Can I send money from a Polish bank account to the UK? 

Absolutely both countries are in the SEPA area, which means that your foreign exchange broker should be able to move funds without a fee. A transfer should take between 1-2 days when sent via a broker and slightly longer from a Polish bank. The Polish bank is likely to charge a transfer to make the payment, and the PLN to GBP rate won’t be a competitive as that offered by the Foreign exchange broker.

Can I send money from a Polish bank account to a US Bank account?  

Both your Polish bank and your foreign exchange broker will be more than happy to assist with a PLN to USD money transfer. Just ensure you have the US bank details, including the ACH number and swift code.

 Bank details in Poland

An IBAN (International Bank Account Number) is an internationally-agreed bank code comprised of 34 letters and numbers that aid banks in ensuring that global transfers are processed appropriately.  

A Polish IBAN consists of 28 digits these are made up in the following way 

  • 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  

Currency Of Poland

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

Frequently Asked Questions

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