Bank account in Poland

Right after the registration of your company in Poland, the next step is to open a corporate bank account in a Polish financial institution. This may be easy now that the company is already registered, but the truth is that this is usually a very difficult process due to continuously changing pan-European banking trends.

Under these circumstances, the choice of the right bank in Poland becomes very important. A few large banks within the country are with wide networks of branches and are comparatively sound. They provide easy Internet banking and mobile applications to offer access anywhere in the world securely. Strict privacy policy safeguards the clients’ funds and transactions data, disclosing them, if at all, only under international agreements like CRS or FATCA amongst the respective competent tax authorities.

Currently, for the non-resident founders who are willing to open a settlement account in Poland, only three banks will facilitate this: Santander Bank – part of the Spanish financial Group, PKO BP – Polish bank with public investments, BNP PARIBAS – affiliated with the French financial Group. Although this may be the general policy of a bank toward non-residents, each individual branch or region within those banks has differing internal policies that may call for refusals.

It’s somehow confusing for foreigners to choose the proper bank from such a large pool. We highly recommend interacting with more prestigious, bigger banks, which can also make things easier. Fortunately, opening a bank account in Warsaw does not take so much time, about half an hour. The bank representative takes passport information, explains the account terms and the features of mobile banking, after which he sends the card by mail within a week.

Most banks have online application facilities through their websites, from where one can send the documents while sitting at home. Other than this, it is also possible to make a request over the phone to stay away from bank branches.

Should you need any help with opening a business bank account in Poland, contact us for that kind of support at Regulated United Europe. Drawing on an extensive network of reliable contacts in the European financial services industry, we always do our best to provide tailored yet affordable solutions to make the businesses we cooperate with run as smoothly as possible.

Opening a Bank Account in Poland

Coming to Poland, both for temporary and permanent residence, everyone may need to open an account with some bank of Poland and issue a card that might be in demand when paying for purchases, travel.

After the company registration procedure in Poland, opening a current account in a Polish bank for a full-fledged business turns out to be a must. At this stage, one would think there should not be any difficulties, because the company is already registered. But it turns out that not everything is as simple as it seems at first glance.

The latter is also a part of the pan-European trend of restrictions in the work of banks with non-resident clients which touched also the Polish banking sector. These new trends are well-known firsthand by entrepreneurs who do business in the Baltic countries of Latvia, Lithuania, Estonia, the Czech Republic, and many other European countries. In addition, in these jurisdictions, it is not only prohibitively difficult to open a corporate account, but it is also commonplace situations to block accounts of well-established and successfully operating companies whose beneficiary is a non-resident.

How to Choose a Bank in Poland? It’s up to you to decide in which one to open an account. Every bank from the list above has a wide network of branches across the country and corresponds to one of the biggest and most reliable banks in Poland. For greater comfort of managing your money, we offer an option of using Internet banking services and special applications for mobile devices (phones, tablets, etc.). Application programs are enhanced and well-protected so customers can manage money anywhere in the world. He can also be certain of the capital deposited in the bank. It is forbidden for employees to disclose information about the account or any transaction detail to anyone, except in cases when international protocols so obligate, for instance, under CRS or FATCA. If your country of citizenship has signed a corresponding agreement with Poland, then most likely the tax authorities of your country will receive information about all open accounts and the amounts of funds on them.

Reliability

If you want to open a bank account in Poland, then pay attention to his age. In this case, it is even better not to take into account some “serious” financial bank of Poland, which is no more than a month old. The number of branches and ATMs in Polish banks also testifies to their reliability. Pay attention to who owns the bank. If it is part of an international corporation, the factor of reliability increases. We work only with reliable banks that have an impeccable reputation.

Convenience

An indispensable role of Internet banking, widely available in the contemporary world, is to manage your money as easily as possible, no matter what time of day and where. The application for mobile phones and tablets will definitely be appreciated by the customers. The possibility to do everything remotely can be another important criterion of choice. Our company cooperates with five Polish banks: ING Bank Śląski, Millennium bank, Bank BNP Paribas, Pekao Bank, PKO Bank Polski.

PKO Bank Polski is the oldest and biggest bank opened in 1919. It possesses the widest net of branches and ATMs in Poland, and it is not lagging behind others according to technology criteria. It provides service in Ukrainian.

ING Bank Śląski is one of the largest commercial banks operating in Poland. It has been active in the market since 1988, operates around 400 branches, and has been listed on the Warsaw Stock Exchange since 1994. It also participates in deposit insurance and cooperates with pension savings. ING Bank Śląski ranks third among banks in Poland concerning its significance.

Limits set by ING Bank for individuals

There are restrictions when withdrawing cash from an ATM: no more than 10,000 zlotys can be taken per day, which is approximately 2,300 euros. The ING client can withdraw any amount from the account at the cash desk of any branch, but by prior order. If the amount of a one-time transaction exceeds 5,000 euros, then it makes sense to warn the employees of the bank by phone.

Millennium (Millennium)

It has been working since 1989, being the part of the structure of the financial holding of Portugal. It possesses the greatest number of ATMs and branches. In case there were some difficulties with the use of services, telephone consultants speaking Russian and Ukrainian will answer all questions appearing.

Pekao Bank. Founded in 1929, it is one of the oldest banks. There are 1,000 branches across the country. In Poland, Pekao Bank is the very first one to start working on the stock market. It is ranked second in assets. Each of the presented Polish banks is included in the category of reliable; therefore, you can open bank accounts in any of them. All of them work with foreigners and provide Internet banking services. You have to pay attention to the opening accounts and cards conditions, and also to the conditions of their further maintenance. Everywhere they are different in each bank of Poland. You should know that the concepts of an account and a card in a bank of Poland have a strict distinction: first, you need to open an account, and then get a card as a possible way to access it. There is a need to provide an account number, not a card number, when paying.

The situation is much better in Poland in this respect, but there are also own peculiarities.

We won’t take into consideration those situations where founders of non-residents have a Polish Card, a residence permit or permanent residence on the territory of Poland or citizenship in one of the EU countries – here everything is much simpler. We are interested in a situation in which the founders are citizens of Belarus, Russia, Ukraine or any other CIS country, and not only, without any status in Poland. Will there be any problems with opening a corporate bank account for a Polish company in this case?

Opening of a bank account for a Polish company with non-resident founders

Up until today, only 3 banks in the country offer the possibility of opening a settlement account of a legal body in Poland, the founders of which are non-residents, such as: Santander Bank (Spanish financial Group), PKO BP (Polish bank with public investments), BNP PARIBAS (French financial Group). You also should take into account that the activity of a lot of branches and branches of such banks is provided by their own instructions at the Voivodeship, city levels, and sometimes at a particular branch level, which means that you can be denied opening an account in a certain branch despite the general politics of the bank regarding work with non-residents.

The most important issue in making a decision on issuing a bank card is that it’s necessary for your work; most employers transfer their salary to the card.

Which bank should I contact for opening an account in Poland?

There are lots of banks in Poland, offering different conditions to their customers for opening and servicing a bank account.

We can’t tell which bank is better to submit an application to. Generally speaking, we recommend our customers to cooperate only with large banks. The most difficult challenge is that not all banks are willing to open a current account for foreigners in Poland, some open it conditionally, provided they have a card, and some need only a PESEL number.

Specify in the bank whether it is a member of the Bank Guarantee Fund. The same should be said about whether the branches and cash-points of the bank are present in all cities of the country. Learn from the manager how much will the service cost and choose the bank where the most advantageous option would be offered for you. Find out whether it is possible to connect a mobile bank.

According to the purposes for which you may need to open a bank account, we assist our clients in choosing a bank.

What do I need to provide to open a bank account in Poland?

In Poland, banks are willing to start cooperation with visitors from other countries; managers always tell in detail about the conditions of use and issuance of the card.

The conditions do not say that the client must have a good command of the Polish language.

Banks ask approximately the same questions, so that opening an account does not take much time, we suggest to study the list of questions and prepare answers in advance. It will not be difficult for a Belarusian to open a bank account, managers are determined to get a new client.

An employee of a bank can explain to you such issues as:

• Surname, name and patronymic of your parents;
• Mother’s maiden name;
• The actual address at which you live in Poland or have meldunek;
• Do you have an official employment?
• The phone number where you can be contacted in Poland.

What documents are necessary to be submitted for opening a bank account in Poland?

In order for you to be able to open a bank account in Poland, you will have to prepare the necessary documents in advance.

Each bank has its set list of documents that are required once opening a bank account, and thus the list of the documents may vary.

The list is roughly the same; below, the list presents documents that are mostly asked to be provided:

• Personal identification document: A valid passport with at least six months’ validity.
• A document confirming your legal stay in the country-in the case of persons who came under the visa-free regime; if you have a visa, then you provide it.
• Identification code number of the selected country where you resided. The personal ID number for a person staying in Poland is called PESEL.
• A declaration of residence in the State.

So that you can easily open a bank account in Poland, our specialists will help you collect all the necessary documents.

How long does it take to open a bank account in Warsaw?

It won’t take long to open an account. The whole procedure takes about half an hour.

Thus, for opening an account for you, the manager will do the following work:

• Fill in your passport data in some special program and make a copy of the document;
• He is going to ask you questions and tell you about the terms of service and use of the account and card, explain what functions the mobile bank has and how to use it.
• Send you the card. The card is issued not at a bank branch but by mail to the specified postal address, which was specified in the questionnaire of yours. Delivery takes approximatively a week.

You can fill in an application for opening a bank account online. Almost every bank in Poland has its website, where you can fill out a questionnaire and attach documents. Moreover, so as not to go to the bank office, you can call there and leave a request by phone.

Business bank account in Poland

Opening a business account in Poland is an important step for entrepreneurs wishing to develop their business in this country with a dynamic economy and favourable business environment. Poland offers a variety of banking services and convenient conditions for opening accounts, making the process simple and affordable. In this article we will look at the key aspects and procedures for opening a business account in Poland.

Advantages of Opening a Business Account in Poland

• Favourable Business Environment: Poland offers a favourable business environment with developed infrastructure and numerous opportunities for entrepreneurs.
• Diversity of Financial Services: Polish banks offer a wide range of financial products for businesses, including accounts, loans, investments, etc.
• Technological Innovations: Many Polish banks are actively implementing modern technologies such as online banking and mobile applications, providing convenience and accessibility for customers.
• Expertise: Banking specialists in Poland are highly qualified and provide professional advice on financial matters.

How to Open a Business Account in Poland

Opening a business account in Poland is an important step for successful business in this developing economy. With an attractive business environment, a variety of financial services and a high level of service, your business account will be a reliable tool for managing your company’s finances. When choosing a bank, pay attention to its reputation, terms of service and technological capabilities to ensure the best fit for your needs and requirements.

 Personal bank account in Poland

Opening a personal bank account in Poland is an important step to effectively manage your personal finances in this developed and dynamic economy. Polish banks offer a variety of financial services and innovative solutions, making the process of opening an account affordable and convenient. In this article, we will look at the key aspects and procedures for opening a personal bank account in Poland.

Advantages of Opening a Personal Bank Account in Poland

• Diversity of Banking Services: Polish banks offer a wide range of financial products, including debit and credit cards, savings accounts, deposits and investment options.
• Technological Innovations: Many Polish banks are actively implementing modern technologies such as online banking and mobile applications, providing convenience and accessibility to customers.
• Professional Service: Banking specialists in Poland are highly qualified and provide professional advice on financial matters.
• Security and Reliability: Polish banks strictly adhere to security and data protection standards, ensuring that your finances are securely stored and managed.

How to Open a Personal Bank Account in Poland

Opening a personal bank account in Poland is an important step towards effective management of your personal finances in this developed and innovative country. With a wide range of financial services, technological innovations and professional service, your personal account will be a reliable tool for managing your finances. When choosing a bank, pay attention to its reputation, terms of service and technological capabilities to ensure the best fit for your needs and requirements.