Business Bank Accounts in Poland

To open a business bank account in Poland, you typically need: company registration documents (KRS extract), tax identification number (NIP), statistical number (REGON), business license (if applicable), articles of incorporation, proof of business address, and personal identification of authorized signatories. Foreign companies may need additional documents like apostilled certificates and translated documents.

The process typically takes 1-3 business days for domestic companies with complete documentation. For foreign companies or complex corporate structures, it can take 5-10 business days. Digital banks like mBank often process applications faster, sometimes within 24 hours, while traditional banks may require in-person visits and longer processing times.

Monthly fees range from 15-80 PLN ($3.60-$19.20 / €3.30-€17.60) depending on the bank and account type. Basic business accounts start around 15-25 PLN ($3.60-$6 / €3.30-€5.50), while premium accounts with additional services can cost 50-80 PLN ($12-$19.20 / €11-€17.60) monthly. Many banks offer fee waivers based on minimum balance requirements or transaction volumes. Additional charges apply for transactions, international transfers, and specialized services.

Yes, foreign companies can open business bank accounts in Poland. EU companies generally have an easier process, while non-EU companies may face additional requirements. You'll need to register your company with Polish authorities (KRS registration) or establish a Polish branch/subsidiary. Some banks specialize in international business and offer dedicated support for foreign companies.

PKO Bank Polski, mBank, Santander, ING, and Millennium Bank offer comprehensive English support for business customers. These banks have English-speaking relationship managers, translated documentation, and English-language online banking platforms. mBank and ING are particularly strong in digital English support, while Santander and Millennium excel in personal relationship management.

Polish banks offer various business financing options including working capital loans, equipment financing, real estate loans, trade finance, factoring, and leasing. EU funds and government-backed programs are also available for eligible businesses. Interest rates and terms vary significantly between banks, with digital banks often offering competitive rates for smaller loans.

Yes, most major Polish banks offer multi-currency business accounts supporting EUR, USD, GBP, and other major currencies. This is particularly useful for import/export businesses and companies with international operations. Santander and PKO Bank Polski have especially strong multi-currency offerings, while some banks provide competitive foreign exchange rates and international transfer fees.

Modern Polish business banks offer comprehensive digital features including mobile banking apps, online account management, automated payments, API integrations with accounting software, real-time reporting, bulk payments, and digital document management. mBank leads in digital innovation, while other banks are rapidly expanding their digital capabilities to compete.

Minimum balance requirements vary by bank and account type. Basic business accounts often have no minimum balance, while premium accounts may require 5,000-25,000 PLN ($1,200-$6,000 / €1,100-€5,500). Some banks waive fees if you maintain certain balances or transaction volumes. It's important to compare not just the minimum balance but also the fee structure and benefits offered.

Choose digital banking (mBank, ING) if you prioritize low fees, 24/7 access, modern features, and can handle most banking online. Choose traditional banking (PKO, Santander, Millennium) if you need in-person relationship management, complex corporate services, extensive branch networks, or specialized industry expertise. Many businesses use a hybrid approach, combining both for optimal coverage.