Banks in Poland are considered one of the most developed – the local banking system offers customers a wide range of services.
Both a Polish citizen and a foreign citizen with the right to officially stay in the country can open their account.
For you, we have collected the 5 best banks in Poland, working for both citizens of the country and foreign clients.
MBank
MBANK is the largest bank in Poland, founded in 1986. It is an active member of the Warsaw Stock Exchange and has branches in the Czech Republic and Slovakia. In 2021, he developed a new Internet banking system that allows you to make transactions on the network without any problems. It is considered one of the first virtual banks in the country.
Customers of the bank can apply for VISA and MasterCard cards. In addition, they have their own Private Banking Visa, which makes it easy to make purchases on the Internet, conduct transactions abroad, withdraw cash from ATMs without commission.
Deposits can be opened in several currencies – PLN, EUR, USD, CHF or GBP. The interest rate can be either fixed or floating. One of the advantages of MBANK is the ability to invest funds on deposit in profitable projects.
Pekao Bank
Pekao Bank in 2019 ranked 2nd in terms of assets among all banks in Poland. It was founded in 1929 by three major stock market players. Initially, the banking organization focused on servicing immigrants. Now the exchange rate has not changed – both a Citizen of Poland and a foreigner can open a bank account.
The following services are available for individuals:
opening an account, managing it using Internet banking or card;
obtaining a loan, including a mortgage (in the presence of a residence permit or permanent residence);
deposit insurance;
investments managed by an experienced broker;
free cash withdrawal from an ATM (twice a month – at ATMs of other banks).
PKO Bank Polski
PKO Bank Polski is one of the largest banks in Poland, regularly taking first place in various ratings. It was founded in 1919, several times passed under state management, but after 1989 it became a private joint-stock company. More than 7 million accounts have been opened in the bank. It has more than 1100 branches in the country, about 3000 ATMs in different cities, and the volume of assets is approaching 300 million zlotys.
Bank BGŻ BNP Paribas
Bank BGŻ BNP Paribas was founded in 1975. Offers the client a wide range of lending products. He is engaged in financing individuals and companies, specializes in working with food and agro-industrial enterprises.
Thanks to mutually beneficial lending conditions, Bank BGŻ BNP Paribas is considered one of the best banks in Poland for small organizations that have decided to enter the international market. In addition, he works with individuals, especially loyal to the citizens of Azerbaijan.
To open an account, you need one of the following documents:
passport with visa;
confirmation of legal stay in Poland (travel card, EU resident card).
Some banks may also request PESEL. However, obtaining a universal code by foreigners is not mandatory, so most banks in Poland do without this formality.
To open an account, it is enough to come to one of the branches of the selected bank and inform about your desire to make a deposit.
After that, you need to fill out a questionnaire and within a few weeks get your own payment card.
Bank transfer from Poland to other countries
The ability to transfer money from the Bank of Poland to other countries is relevant for many migrants working abroad.
Migrants use the following methods:
TransferGo. System of fast money transfers. You can get money within 24 hours, but for efficiency you will have to “pay” with an increased commission. Slower transfers to the map of Ukraine are completely free. For the rest, the commission is 2%.
Western Union. The system of international transfers is a profitable way to transfer money from the Bank of Poland to any country in the world. You can get a transfer in one of the offices in Azerbaijan.
PaySend. Quite a fast system of transfers “from card to card”. Works with Russian, Ukrainian, Azerbaijani banks. The fee for the transfer is fixed – 7 PLN, regardless of the amount of the transfer.
SWIFT. A large system of international transfers – the risk of losing your funds is minimal. Money is transferred from card to card, the commission is in the region of PLN 20 per transfer.
CONTACT. Money comes in cash. You can get them at any branch in Russia, Ukraine or Belarus. The commission is about 1.3% of the transfer amount. Unlike other cash systems, money arrives within 1 day. However, part of the amount is lost on the conversion of zlotys into euros.
MoneyGram. Through this system, you can transfer money from the Bank of Poland to any country in the world. The commission is quite high – 50 zlotys for 100 dollars. However, transfers come instantly. Thus, you can transfer money to the USA or Europe and Azerbaijan.