The best banks in Poland
It looks like you have finally made it to Poland. Congrats! Hopefully, you are going to stay in the new country for a while now. Well, in this case, you must collect the much-needed information about all requisites of Poland.
While talking about necessities, Banks in Poland comes to our mind first. As a foreigner or an expat, you are supposed to face lots of issues and obstacles while choosing the best bank in the Poland. Although there are lots of Polish banks yet finding the best bank in Poland should be your goal.
Additionally, selecting a bank depending on your requirements sometimes seems a little difficult for those with zero experience. They often get confused between which bank to choose in Poland, saving or current, credit or loan, and so on. The second problem faced by expats is to decide which documents are needed for opening a Polish bank account. With all these questions in mind, new Polish residents often face lots of ups and downs while opening a bank account.
If you’ve recently shifted to Poland, you are surely looking to open a free bank account in Poland. So, without complicating things from the beginning, let’s get started.
Different Banking Accounts
1. Savings account:
A savings bank account is the most used and basic bank account that enables customers to deposit, withdraw, and transfer money from one account to another. Almost all Polish banks offer Savings account with several interest rates.
2. Credit account:
A credit account refers to a special arrangement in which you can purchase things using a credit card and pay later. Bank comparison Poland shows 6.6% of people use credit accounts.
3. Loan account:
A loan account is the best bank for expats in Poland who are looking for great deals in a home loan, car loan, student loan, etc. It is a personal bank account where customers have to repay the money given to them as a loan. While doing Polish bank accounts comparison, a loan account always stands apart.
4. Current account:
A current account is the Best Polish bank account for businessmen and industries, who have to do huge transactions every day. While doing Polish bank comparison, a current account always tends to get the highest votes, especially for expats who are far from their place and opt for daily transactions to their hometowns. With a current bank account, anyone can deposit and withdraw money whenever they need without any limitations and notices.
How to get a Polish bank account?
Opening a bank account in Poland is quite easy if you have an address in Poland. But all foreigners and expats without a permanent address in Poland have to provide identity proof, passports, and other documentation while opening an account in Polish banks. You have to get ready with documents such as:
- Passport/ national identity proof
- Address proof/ residential card
- Employment history and salary slip
However, Polish banks are pretty foreigner-friendly, as a non-resident, your chosen bank can ask you for other documentation as well.
You can apply for a bank account online by filling up the right forms. In this case, you have to go to the official page of your selected bank for getting the form. Then, the bank can offer you a video call for verifying your identity, and you will get a new bank account within a few days.
Tips and tricks
Opening a bank account is easy, but, in a foreign country, sometimes it doesn’t go in your favor. Sometimes, different banks with different terms and policies can be a drawback for expats.
But, with the right strategies, you will never face any issues in any corner of the world you travel.
Firstly, choose a bank that matches your lifestyle, not far from your house. While going to open a new bank account, you must get ready with valid IDs and proofs such as a valid passport, identification card, residential proof, and other documents.
Get ready with your salary slips, electricity bills, rental contracts, and official government documents, and your personal BSN obtained in the municipal office, and others for urgent needs. Always keep these documents with you while visiting a bank so that you don’t have to come back home disappointed.
FAQ about banks in Poland
Finding the best bank completely depends on one’s requirements and preferences. But, it would be better to visit multiple banks and read their terms and policies before finalizing the deal. Additionally, you must prioritize minor matters like distance, facilities, branches, etc.
For choosing the best bank for yourself, you must follow the tips mentioned below.
Identify which type of account is the best for you. For instance, if you are a business person, you must choose a current account.
- Assess digital features.
- Collect public opinions of the bank.
- Choose a bank that fits your lifestyle.
- Understand the terms and conditions.
- Compare the daily withdrawal amount allowed by the bank. If your chosen bank allows withdrawal of $300 per day and the other on the market allows $350/day, choose the second
Poland is full of economic and banking sectors. In Poland, you can see a total of 11 banks and their branches that are different from one another. You should choose the perfect bank for yourself depending on your requirements and several features of the banks. Let’s have a look at some important banks of Poland.
PKO Bank: Powszechna Kasa Oszczędności Bank Polski or PKO Bank is the number one Polish bank. This bank provides services, including private banking, retail banking, corporate banking, investment banking, and others. Customers can get their hands on current accounts, loans including mortgage, car loans, business loans, etc. with PKO Bank.
Bank Pekao: Bank Polska Kasa Opieki Spółka Akcyjna or Pekao is the second-best bank in Poland. It is a universal bank containing services like retail, private, and other banking options.
Some other leading Polish banks include:
- Santander Bank Polska
- mBank
- Bank Millennium
- Getin Nobel Bank
- Citi Handlowy
- ING Bank Śląski S.A.