Start by comparing your options for sending money to Poland.
Make a selection based on your individual needs. There is no single best alternative.
Register as a personal or business customer.
Provide your contact details and you might also need to verify your identity.
Check historical PLN exchange rates to get an indication of where the market stands. Determine if you want to transfer money to Poland now.
Inform your service provider about how much money you plan to send to get an exchange rate quote.
Lock the exchange rate on offer by accepting the quote.
Provide the recipient's Polish bank account details.
Use any of the payment methods offered by your service provider to make the payment.
The process of sending money to Poland begins once the company receives your payment. Check the estimated turnaround time in the transfer confirmation.
Keep track of your transfer online or via notifications on your phone.
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.
|PKO Bank Polski||Warsaw||PBKOPLPWSEC|
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.
|BANK||MONEY TRANSFER SERVICE|
|Exchange rate||GBP 1 = 4.5394||GBp 1 = PLN 4.7618|
|Transfer fee||GBP 15||GBP 0|
|Amount received for GBP 1,500||PLN 6,741.00||PLN 7,142.70|
|Transfer time||2 to 5 days||1 to 2 days|
|Transfer options||Bank account||Bank account|
|Difference of||PLN 401.7|
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.
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.
|WESTERN UNION IN POLAND|
|Warsaw 1 Minute, Niepodleglosci Naruszewicza, Metro Wierzbno 34517, Warszawa||PKO Bank Polski, Al Ken 105, Oddzial 34 W Warszawie Warszawa|
|Gdansk 1 Minute, Al Grunwaldzka 472 Olivia Business En 54903 Gdansk||PKO Bank Polski, Stary Rynek Oliwski 21 Oddzial 20 W Gdansku Gdansk|
|MONEYGRAM IN POLAND|
|Warsaw Ruch Marszalkowska 84/92 Warszawa||Up Nowogrodska 45 Warszawa|
|Gdansk Ruch Targ. Weglowy 27 Gdansk||Kantor Union Standard Swietego Ducha 13/17 Gdansk|
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.
The information you need when sending money to Poland depends on the desired transfer method.
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.