Banks in Warsaw

Banks in Warsaw

If you are moving or planning on living in the Poland for a long period of time then eventually you’ll want to get a Polish bank account so you are not paying commission fees every time you use your bank card from your home country.

If you are planning on renting an apartment or applying for a job in Poland then it almost guaranteed that you’ll need a bank account to send payments or receive payments.

There are many options available to you in Warsaw you can find over ten different banks and in this article we are going to try and help you make the right decision for you. Now it is not possible in one single article to serve everyone the correct information as each person might have their own requirements such as income level, frequency of transfers, overdraft/credit requirements. In this article we are only going to focus on the basics of setting up an account that will allow you to send basic payments for rent or to a Polish friend, an account that will give you a card for ATM withdrawals and with online features.

What is PESEL

When create a bank account some banks might request your PESEL number, but not all banks. Below we show an example of three banks that DO NOT request a PESEL and some of the banks in Warsaw that do request it.

All new expats moving to Poland for more than three months will need to register at a local district office (urzad gminy), and will need to obtain a PESEL number (Public Electronic System of Population Records). Citizens of the European Union (EU) must register within 30 days of arrival, while non-EU nationals will need to register within four days of arrival.

If you’d like to learn more about how to apply for a PESEL and more details you can find an in-depth article here: What is PESEL and what does it cost?

mBank

X in box symbol English Speaking Call Center
Checked box symbol Online banking available in English
X in box symbol PESEL required

mBank is a pretty common bank around the center of Warsaw, but it is also nationwide. In Warsaw you can find 14+ locations and also they have Kiosks inside most major shopping centers to help you with basic tasks and can help with deposits.

Benefits and costs of opening and maintaining an account

If you go with the simple personal account labelled: eKonto

– 0zł opening fee
– 0zł fee for transferring in US dollars
– 0zł fee if you use the card five times in a month. 4zł fee if you don’t
– 0zł fee when withdrawing more than 100zł from Planet Cash, BZ WBK and Euronet ATMS

Fess and costs to keep in consideration:

– 5zł fee for express transfer (same day) using their online system and 10zł fee if you use the express transfer at one of the bank locations through a member of staff.
– 9zł fee for a cash deposit more than 10 000 zł

Online system and App

In 2016 mBank was awarded by Newsweek and Forbes for its outstanding performance in the mobile banking space. Their online web portal offers a range of services and is available in both English and Polish.

The mBank mobile app is available across all major mobile platforms (Apple, Google and Windows). With GPS enabled through the app you’ll be able to located the nearest ATM, you’ll be able to review recent payments and transactions and you can also see a list of scheduled payments that are up and coming.

Millennium

Checked box symbol English Speaking Call Center
Checked box symbol Online banking available in English
Checked box symbol No PESEL required

Millennium bank is one of the most commonly seen banks in Warsaw. With more than 50+ physical branches listed on their website if having a branch you can visit is important to you then this will most likely be the bank for you.

Benefits and costs of opening and maintaining an account

– 0zł for account and card maintenance
– 0zł fees for cash withdrawals from ATMs
– 0zł fees for domestic PLN transfers via Millenet and mobile app
– 0zł fees for direct debits and standing orders

Fess and costs to keep in consideration

– 3zł fee to update, for cancellation of consent or direct debit
payment
– Transfers are free using their online system and 5zł fee if you use the express transfer at one of the bank locations through a member of staff.

Online system and App

As with mBank Millennium has a great online portal that will allow you to do almost everything a standard user would need such as make payments, review transitions and more. Millennium has a mobile app that is available across all major mobile platforms (Apple, Google and Windows).

Zachodni WBK

Checked box symbol English Speaking Call Center
Checked box symbol Online banking available in English
Checked box symbol No PESEL required

Bank Zachodni WBK is as popular in terms of branch location as Millennium with their website listing 90+ physical branches and Bank Zachodni WBK offers the same great services with no PESEL required. There website is presented in Polish, but there is an option to use manage your account through their online portal in English.

Benefits and costs of opening and maintaining an account

There are a few account available, but here we are referring to ‘Konto Godne Polecenia’. Please beware that the ‘Konto 1|2|3’ account involves more fees.

– 0zł for account and card maintenance]
– 0zł for cash withdrawals at ATMs that accept BLIK
– 0zł for transfers made in services BZWBK24 system Elixir (this means from one Zachodni WBK account to another)

Fess and costs to keep in consideration

– 7zł monthly fee for debit card
– 0,50 zł for the execution of standing orders (standing order means agreed monthly payment that is taken from your account such as a mobile phone contract)
– 2zł fee for checking the available funds or generating a mini-statement (a list of the last 10 transactions) ATMs

Online system and App

As with all the above banks Bank Zachodni WBK has a great online portal that will allow you to do almost everything a standard user would need such as make payments, review transitions and more. Millennium has a mobile app that is available across all major mobile platforms (Apple, Google and Windows).

Banks in Warsaw to avoid as a non-Polish speaker

While there are many English speaking members of staff at most banks in Warsaw, not all banks in Warsaw provide English speaking call centers, have their online banking portal available in different languages and some will not let you own an account without a PESEL number (you can learn more about what is a PESEL number and how to get one here)

X in box symbol English Speaking Call Center
X in box symbol Online banking available in English
X in box symbol No PESEL required

X in box symbol English Speaking Call Center
X in box symbol Online banking available in English
Checked box symbol No PESEL required

X in box symbol English Speaking Call Center
Checked box symbol Online banking available in English
Checked box symbol No PESEL required

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