Send Money To Poland

Currency Symbol and Swift Codes

What currency do they use in Poland? The Polish zloty (PLN) is the official currency of Poland, and one modern zloty is divided into 100 groszy. The country’s currency underwent re-denomination because of inflation in the early 1990s. In January 1995, the new zloty (PLN) replaced the old złotych (PLZ). The currency has stabilized since then, with its rate fluctuating from three to four zloty for a U.S. dollar.

Although Poland is part of the European Union (EU), it has not adopted the euro yet. According to terms of the EU’s Treaty of Accession, Poland is obliged to replace the zloty with the euro, although there is not set date of when this might happen.

Banking institutions in Poland rely on SWIFT codes to facilitate overseas money transfers, and given below are SWIFT codes of some prominent banks in the region.

Case Study

Bartek moved to the UK because he found a suitable job there, while his parents and younger sister continued living in Poland. His sister was still in school, so he made sure he kept sending her some money regularly. Sending money through the bank he banked with in the UK was an option, but he decided to compare it with the top money transfer companies. This is what he found.

Using the services of the money transfer company instead of the bank resulted in Bartek’s sister getting some extra money each time. In addition, he could lock in exchange rates for up to six months.

Cash Pickup Locations in Poland

Sending money to a cash pickup location in Poland is easy because several top money transfer companies such as Western Union, MoneyGram, and Ria have a presence in this country.

Safety Tips for Picking Up Cash in Poland

Instances of violent crime in Poland are few and far in between. However, instances of bag snatching and pickpocketing are common in and around large cities. Thieves operate in organized groups at train stations, on public transportation, around tourist destinations, in busy markets, and near hotels. The Warsaw Chopin Airport tram and bus routes also experience some instances of petty crime.

Remain particularly vigilant if you are travelling by train at night. When in the cabin, make sure you lock its door from inside. Do not leave your baggage unattended at any time. Most instances of pick-pocketing take place when passengers are boarding or disembarking.

If you drive in Poland, make sure the doors are locked and the windows are rolled up when you stop at traffic lights. Gangs have been known to trouble foreigners based on race and sexual orientation. Instances of card skimming are not uncommon.

What Information Do I Need to Transfer Money to Poland?

The information you need when sending money to Poland depends on the desired transfer method.

• Transfer to a bank account. You will need the recipient’s complete name, a bank account number, the receiving bank’s name, and the receiving bank’s SWIFT code.
• Transfer to a cash pickup location. You will need to select a location from where the recipient will collect the transferred money and you will have to provide the recipient’s complete name. The recipient may collect the money by presenting a reference number and an acceptable form of ID.

Regulations When Transferring Money To and From Poland

The Polish zloty is a free-flowing currency and there are no restrictions on its transfer to and from the country. The Narodowy Bank Polski (the central bank of Poland) administers the country’s payment systems. If you transfer more than EUR 15,000 in or out of the country, it is reported to European Central Bank (ECB). When leaving the country, you need to declare any amount over EUR 10,000.