Bank Accounts in Poland
Are you planning to move to Poland or already living here and looking for the perfect bank account to suit your needs? With plenty of options available, choosing the right bank account in Poland can be overwhelming. This guide will help you navigate the world of Polish banking, comparing digital banks, traditional banks, and international banks, while also providing you with essential information on fees, services, and documentation requirements. Let's dive in and find the best Polish bank account for you!
Table of Contents
PKO Bank Polski
First-time expats and students
PKO Bank Polski
First-time expats and students
Key Features
Account Details
Summary
mBank
Digital-first users and tech professionals
mBank
Digital-first users and tech professionals
Key Features
Account Details
Summary
Santander Bank Polska
International professionals and high earners
Santander Bank Polska
International professionals and high earners
Key Features
Account Details
Summary
ING Bank Śląski
Online banking enthusiasts
ING Bank Śląski
Online banking enthusiasts
Key Features
Account Details
Summary
Millennium Bank
High-net-worth individuals and business owners
Millennium Bank
High-net-worth individuals and business owners
Key Features
Account Details
Summary
Alior Bank
Polish speakers seeking loans and mortgages
Alior Bank
Polish speakers seeking loans and mortgages
Key Features
Account Details
Summary
Bank Pekao
Business banking and traditional banking preferences
Bank Pekao
Business banking and traditional banking preferences
Key Features
Account Details
Summary
Credit Agricole Bank
Agricultural sector and rural areas
Credit Agricole Bank
Agricultural sector and rural areas
Key Features
Account Details
Summary
Bank Handlowy (Citi Handlowy)
High-income professionals and international clients
Bank Handlowy (Citi Handlowy)
High-income professionals and international clients
Key Features
Account Details
Summary
Nest Bank
Cost-conscious users seeking basic banking
Nest Bank
Cost-conscious users seeking basic banking
Key Features
Account Details
Summary
Important Information
Most Polish banks offer their websites primarily in Polish. Use your browser's translation feature to navigate in English. If certain functions don't work in the translated version, switch back to Polish. Many banks provide English-speaking customer service through dedicated phone lines or at branches in major cities like Warsaw, Krakow, and Gdansk.
Why You Can Trust Us
We are independent from the providers of the financial products that we test and evaluate.
We are transparent regarding our research processes and evaluation methods.
Our content undergoes careful quality check to ensure that it is well-researched, factually correct, and understandable.
We have extensive experience with financial products and understand what expats in Poland want and need.
Choosing the Right Polish Bank Account
When selecting a Polish bank account, it's crucial to consider factors such as language support, accessibility, fees, and banking preferences. Recently, the Polish banking market has witnessed significant digital transformation, with many banks offering innovative features like user-friendly mobile apps, competitive fee structures, and English-language support. However, traditional banks remain popular among locals and expats alike due to their extensive branch networks and established reputation.
Having a Polish bank account is essential for various purposes, including employment, renting accommodation, and setting up utilities. A local bank account is required to receive your salary, pay rent, and manage day-to-day expenses. In the following sections, we'll delve deeper into the factors you should consider when choosing a Polish bank account.
Digital banking solutions for foreigners living in Poland.
Photo: Kaboompics.com / Pexels
Language Support and Accessibility
Language support and accessibility are crucial aspects to consider when selecting a Polish bank account, especially for expats and English speakers. While many banks in Poland have improved their English support significantly, the level of service varies considerably between institutions. Modern digital banks like mBank and ING typically offer comprehensive English-language mobile apps and websites, making them popular choices among foreigners.
Opening an account with some traditional banks can be challenging for newcomers due to language barriers and complex procedures. However, international banks like Santander and Millennium have streamlined processes specifically designed for expats and English speakers. Many banks now use digital identity verification methods, making the account opening process more efficient and accessible to foreign residents.
Fees and Charges
Understanding the fee structure is vital when choosing a Polish bank account. Common fees include monthly account maintenance fees, credit card annual fees, ATM withdrawal charges, and international transfer costs. Many Polish banks offer fee-free basic accounts, particularly for students, young people, or customers who meet specific criteria such as minimum monthly deposits.
It's essential to compare fees across different banks to ensure you're getting the best value. For example, while PKO Bank Polski offers many fee-free services, some premium features may incur charges. Digital-first banks like mBank often provide competitive fee structures with transparent pricing, making them attractive for cost-conscious customers.
Banking Preferences and Infrastructure
Poland has embraced digital payments significantly, especially accelerated by recent global events. While cash is still widely used, particularly in smaller establishments and markets, card payments and mobile payments are increasingly common in urban areas. Most retailers, restaurants, and service providers in major cities like Warsaw, Krakow, and Gdansk readily accept card payments.
ATM availability is generally excellent in Poland, with most banks offering extensive networks. PKO Bank Polski has the largest ATM network in the country, while other banks often participate in shared ATM networks, reducing withdrawal fees for customers. Consider the ATM network size when choosing your bank, especially if you frequently need cash access.
If you prefer in-person banking services, traditional banks like PKO Bank Polski, Bank Pekao, and Santander have numerous branches across the country. These banks offer face-to-face customer service and can be particularly helpful for complex financial matters. However, if you're comfortable with digital banking, modern banks like mBank and ING provide exceptional mobile banking experiences with 24/7 customer support and comprehensive online services.
How to Open a Bank Account in Poland as a Foreigner
Most foreigners can open a Polish bank account within 30 minutes at major banks like PKO Bank Polski or mBank. You'll need your passport, proof of address in Poland (rental contract works), and a PESEL number - which you can often get at the bank itself during your visit.
EU citizens have it easier - just bring your European ID and proof of Polish address. Non-EU citizens need additional documents like a residence permit or long-term visa. Some banks like Millennium and Santander have dedicated expat specialists who speak English and understand foreign documentation.
Pro tip: Book an appointment online first, especially in Warsaw or Krakow branches. Many expats successfully open accounts at city center locations where staff are more experienced with international clients. Digital banks like mBank even allow online applications.
Complete guide to banking procedures for expats in Poland.
Infographic: How to Poland Guide
Best Online Banks for Expats and English Speakers
Digital banking in Poland has advanced significantly, with several banks offering full English support and streamlined online account opening. Here are the top three banks that consistently receive positive feedback from the expat community.
mBank
Winner of multiple digital banking awards, mBank offers completely digital account opening in English. Their mobile app consistently ranks #1 in Poland, and they provide 24/7 English customer support.
ING Bank Śląski
Dutch-owned ING offers competitive savings rates and cashback credit cards. Their Konto Komfortowe is popular among expats for its straightforward fee structure and reliable English customer service.
Alior Bank
Known for quick decision-making and innovative solutions, Alior Bank excels in mortgage and personal loan approvals. Their modern mobile app offers most features in English, though phone support is primarily in Polish.
Quick tip: Start with mBank if you want the easiest experience. Their English onboarding process is specifically designed for foreigners, and you can have an account ready in under 20 minutes.
Traditional Polish Banks for Newcomers
For those who prefer a more traditional banking experience, PKO Bank Polski, Bank Pekao, Santander, and Millennium Bank are excellent options for newcomers. These banks offer a range of services and features, along with the added benefit of physical branches across the country. However, they often come at a higher price range compared to their online counterparts.
Let's explore these traditional Polish banks in more detail.
Established banking institutions with extensive branch networks.
Photo: Kindel Media / pexels.com
PKO Bank Polski
PKO Bank Polski is Poland's largest bank, offering a comprehensive range of products and services for private customers, corporate clients, and institutions. They provide banking products, investment services, and financial advice with the largest ATM network in the country - over 20,000 locations.
While they offer fee-free basic accounts, some premium services come with charges. PKO provides various banking options including online banking, telephone banking, and 24/7 English-speaking customer service hotlines. Their extensive branch network and customer support make them a reliable choice for newcomers seeking traditional banking in Poland.
Bank Pekao and Santander
Bank Pekao and Santander are two of the largest traditional banks in Poland, offering comprehensive services including online banking, account transfers, and international banking solutions. Santander customers benefit from global network access and multi-currency accounts, while Bank Pekao provides extensive domestic ATM coverage with over 4,500 locations.
However, these banks typically charge monthly fees ranging from 0-20 PLN depending on the account type. Santander specializes in international banking and premium services, while Bank Pekao focuses on corporate banking and traditional retail services. It's essential to compare their fee structures to ensure you're getting the best value for your banking needs.
Millennium Bank
Millennium Bank is one of Poland's premium banks, offering specialized services such as current accounts, wealth management, private banking, and comprehensive loan products. They provide dedicated expat banking specialists and English-speaking private bankers, making them particularly suitable for high-net-worth individuals and international clients.
While Millennium Bank charges higher fees (0-25 PLN monthly) and requires minimum balance requirements for some accounts, they offer competitive rates and personalized service. Their extensive branch network and ATM coverage across Poland make them convenient for customers who prefer in-person banking services and premium financial advisory.
Specialized Banking Options in Poland
In addition to the online and traditional banks mentioned above, there are specialized banking options available in Poland that cater to specific needs. These options include business-friendly banks like mBank for entrepreneurs and student-focused accounts from various institutions.
Let's explore these specialized banking options in more detail.
Specialized banking options for different needs.
Photo: pexels.com
Business-Friendly Banks
Business-friendly banks offer services tailored to meet the unique requirements of entrepreneurs and self-employed individuals. mBank provides excellent business banking features including free business accounts, dedicated business mobile apps, quick loan approvals, and comprehensive accounting integrations.
While Polish law doesn't require separate business accounts for sole proprietors, choosing a business-focused bank like mBank can help simplify financial management with features like automatic transaction categorization, VAT calculations, and direct integration with Polish accounting software like iFirma or Fakturownia.
Student Banking Options
Banks for students in Poland provide specialized services such as student accounts with no monthly fees, overdraft facilities, student credit cards, and educational loans. Notable banks offering student packages include PKO Bank Polski, mBank, ING, and Santander.
International students can often open accounts with just their student visa and university enrollment letter. Many banks offer special promotions for students including free credit cards, cashback on purchases, and no foreign transaction fees. It's essential to choose a bank that offers English support and understands the unique needs of international students studying in Poland.
Opening a Bank Account in Poland: Step-by-Step Guide
Now that you know which Polish banks work best for expats, here's exactly how to open your account. The process usually takes 30-60 minutes, whether you go online with mBank or visit a traditional branch like PKO Bank Polski.
We'll cover the required documents and compare online versus in-person account opening to help you choose the best approach.
Required Documents
Most Polish banks need the same basic documents, but requirements can vary slightly. Here's what you'll typically need to bring:
EU Citizens Need:
- • Valid European ID card or passport
- • Proof of Polish address (rental contract, utility bill)
- • PESEL number (can get at bank or city hall)
- • Initial deposit (usually 0-100 PLN)
Non-EU Citizens Need:
- • Valid passport (6+ months remaining)
- • Residence permit or long-term visa
- • PESEL number (required for most services)
- • Proof of income (employment contract/bank statements)
- • Polish address registration document
Pro tip: Call ahead or check online to confirm exact requirements. Some banks like Millennium have streamlined processes for expats and may accept alternative documentation.
Online vs. In-Person Account Opening
Online Opening
- • Open from anywhere, 24/7
- • Usually faster (15-30 minutes)
- • mBank offers full English process
- • No waiting in queues
- • May need video verification
- • Limited to digital-first banks
- • Some documents need uploading
In-Person Opening
- • Personal guidance and support
- • Can ask questions directly
- • Available at all major banks
- • Immediate card collection possible
- • Need to book appointment
- • Limited English in smaller cities
- • Takes 45-90 minutes
Money Transfers and Payment Methods in Poland
Managing your finances in Poland goes beyond just having a bank account. Understanding money transfer options and payment preferences will help you navigate daily life more smoothly.
International Money Transfers
Sending money internationally from Poland can be expensive through traditional banks. Services like Wise (formerly TransferWise) typically offer better exchange rates and lower fees than banks - often saving you 4-8x on transfer costs.
mBank offers free EU transfers, making it excellent for sending money within Europe. For global transfers, consider Wise, Remitly, or XE Money for better rates than traditional Polish banks.
Money-saving tip: Compare transfer costs before sending. A €1000 transfer through Wise typically costs €5-8, while banks might charge €25-50 plus poor exchange rates.
Sending money abroad from Poland - compare costs and options.
Photo: Ivan Samkov / pexels.com
Payment Methods in Poland
Poland has embraced contactless payments more than most European countries. Card payments are accepted almost everywhere, including small shops, taxis, and public transport. Apple Pay and Google Pay work with most Polish bank cards.
Card Payments
Widely accepted everywhere. Contactless limit is 100 PLN without PIN.
Cash (PLN)
Still useful for tips, small markets, and some traditional restaurants.
Mobile Pay
BLIK (Polish system) and international apps like Apple/Google Pay.
Essential Polish Banking Terms
Learning these key Polish banking terms will help you navigate bank websites, understand documents, and communicate more effectively:
Language tip: Most modern Polish banks offer English interfaces in their mobile apps. mBank's app is completely available in English, making it perfect for expats who prefer banking in their native language.
Frequently Asked Questions About Polish Banking
Can I open a Polish bank account without speaking Polish?▼
Yes, several banks offer full English support. mBank has completely English account opening, PKO Bank Polski provides 24/7 English customer service, and Santander has English-speaking staff in major cities. Many banks also offer English mobile apps.
Do I need a PESEL number to open a bank account?▼
Most banks require a PESEL number for full account functionality. However, you can often get a PESEL at the bank during your account opening appointment. Some banks like Millennium may open basic accounts without PESEL initially, but you'll need it for services like loans or investment products.
Which Polish bank is cheapest for foreigners?▼
PKO Bank Polski, mBank, and ING offer accounts with 0 PLN monthly fees. mBank is particularly cost-effective for digital banking with free EU transfers, while PKO has the largest free ATM network. Avoid premium accounts unless you need specific services.
How long does it take to get a Polish bank card?▼
Physical cards typically arrive within 5-7 business days by mail. Many banks now offer instant digital cards through their mobile apps for immediate online payments. Some branches can issue temporary cards on the spot. PIN codes are usually sent separately within 2-3 days.
Can I open a bank account online in Poland?▼
Yes, mBank offers completely online account opening in English, usually taking 15-20 minutes. ING and Alior Bank also support online applications. You'll need to upload documents and complete video verification. Traditional banks like PKO still require in-person visits.
What's the minimum amount needed to open an account?▼
Most basic accounts require no minimum deposit (0 PLN). Premium accounts may require 100-1000 PLN initial deposits. Millennium Bank typically requires 500 PLN for their premium services. Student accounts usually have no minimum requirements.
Are Polish banks safe for foreigners' money?▼
Yes, all major Polish banks are protected by the Bank Guarantee Fund (BFG), which insures deposits up to 100,000 EUR per person per bank. This is the same protection level as other EU countries. Banks like PKO, mBank, and Santander are also internationally regulated.
Can I use my Polish bank card abroad?▼
Yes, Polish bank cards work worldwide. Within the EU, most banks offer free or low-cost transactions. mBank and ING offer competitive foreign exchange rates. Always notify your bank before traveling to avoid card blocks.
Ready to Open Your Polish Bank Account?
Choose from our top-ranked banks and start your banking journey in Poland. Compare features, read reviews, and find the perfect account for your needs.