Sending money to Poland can be a straightforward process, especially with the right tools and knowledge. You can wire money to Poland using services like PayPal, TransferWise, and Revolut.
These services often offer competitive exchange rates and low fees, which can save you a significant amount of money compared to traditional banks. For example, TransferWise can save you up to 8 times more than banks on international money transfers.
To get started, you'll need to create an account with your chosen service and add the recipient's details, including their Polish bank account number and IBAN. This information is usually required to complete the transfer.
It's worth noting that some services may have specific requirements or restrictions, such as minimum transfer amounts or recipient eligibility. Always review the terms and conditions before making a transfer.
How to Send Money to Poland
Sending money to Poland can be a hassle, but with the right tools and knowledge, it's a breeze. Research is key, so take the time to find a provider that's safe, offers low fees, and great exchange rates.
High-value payments require extra attention to transfer times, which can vary widely between providers. Compare some options to find the one that suits you best.
Some international money transfer services offer discounts for high-value transfers, either through lower fees or a better exchange rate. Use the Exiap cost comparison calculator to get the best deal.
Sending GBP from the UK to PLN or EUR in Poland is as easy as 1, 2, 3.
Specialist foreign exchange companies can save you time and money over traditional bank transfer services, especially when making an overseas money transfer to a bank in Poland.
Mobile app money transfers are the best and easiest way to send money to Poland, and many other countries around the world, with TransferGo being a standout option for its favourable rate and excellent customer service in Polish.
To transfer money from your bank account or card, use the TransferGo app, choosing the currency you want to send and the payout currency. Enter your card or bank account details, and the receiver's details, and you're good to go.
Making a bank transfer is also an option, which you can do in the app or via the TransferGo website.
Sending Process
To send money to Poland, you'll need to choose a reliable money transfer service.
The sending process typically begins with creating an account with the chosen service, which can usually be done online or through a mobile app.
You'll need to provide your personal and financial information, including your name, address, and bank account details.
Some services may require additional documentation, such as a government-issued ID or proof of address.
Once your account is set up, you can initiate a transfer by entering the recipient's details, including their name and bank account information.
Make sure to double-check the recipient's information to avoid any delays or issues with the transfer.
The transfer amount and exchange rate will be displayed, and you'll have the option to review and confirm the details before proceeding.
The transfer process is usually fast, with many services offering same-day or next-day transfers to Poland.
Keep in mind that transfer times may vary depending on the service and the recipient's bank processing times.
Payment Methods
You have several options when it comes to paying for your international money transfer to Poland. Bank transfer is often the cheapest method, which is why it's the default method used to compare providers on Exiap.
You can also pay with a card, such as a debit or credit card, which is accepted by some money transfer operators. Some providers, like TransferGo, even accept Visa and Mastercard for easy transfers.
If you prefer to use a mobile payment service, Google Pay and Apple Pay are available in Poland for in-store payments. However, these services are not the best choice for international money transfers.
Here are some payment methods accepted by popular money transfer providers:
- Bank transfer (cheapest method)
- Card (debit or credit)
- SWIFT
- Google Pay
- Apple Pay
- Online
- Direct debit
- Prepaid Card
Ways to
Ways to pay for your international money transfer vary, but some methods are more popular than others. Bank transfer is often the cheapest option.
You can pay for your transfer with a card, either debit or credit. This is a convenient option, but it may come with additional fees. Some providers, like TransferGo, accept both Visa and Mastercard.
Mobile payment services like Google Pay and Apple Pay are available in Poland, but they're not the best choice for international money transfers. Most money transfer operators have iOS and Android apps that you can use on the go, and they often have identical fees.
If you want to send money from the UK to Poland, using a mobile app like TransferGo is a good option. It allows you to make money transfers at a favorable rate and without any fees. TransferGo also has excellent customer service in Polish.
To send money from the UK to Poland with TransferGo, you can use the app to choose the currency and payout currency, then enter your card or bank account details and the recipient's details. Alternatively, you can make a bank transfer through the app or on the TransferGo website.
Some specialist international money transfer providers offer the option to fund transfers with a credit card or debit card. This can mean your funds are received quickly, but it often comes with additional fees.
Here are some providers that support card payments:
- Wise: Bank transfer, Card (debit or credit), SWIFT, Google Pay, Apple Pay, Online
- XE: Online
- CurrencyFair: Online
- OFX: Bank transfer, Direct debit, Online
- Remitly: Bank transfer, Card (debit or credit), Prepaid Card, Online
Direct bank deposits are a safer and more convenient option for transferring large funds. Most adults in Poland have a registered account with at least one bank, and money transfer operators have partnerships with major financial institutions in Poland.
Pisp
Pisp is a third-party financial entity that facilitates direct bank transfers for seamless online transactions.
Some money transfers are enabled by a PISP, making online transactions more convenient.
A PISP acts as a middleman between you and your bank, allowing you to initiate transactions directly from online platforms.
This service is designed to provide a seamless and secure experience for users.
Here's How Much
Here's how much it costs to wire money to Poland. Sending money from the United States to Poland is not subject to a legal limit, but banks and payment providers may impose their own limits.
The fees for international money transfers to Poland can vary widely between providers, and may change depending on how you want to fund your transfer. For example, paying by card may have different limits than paying using a bank transfer.
The cost of sending money to Poland using international money transfer providers can range from $35.72 with Wise to $172.93 with Remitly. The exact cost depends on where you're sending money, how much you're sending, how you want to pay, and how you want the payment to be received.
Sending money directly to a recipient's bank account using a specialist service can be done with fairly low costs, while traditional bank transfer fees can be higher. Paying for your transfer with a credit card or cash can often mean the fees crank up.
Here's a breakdown of the cheapest options:
Wise is the cheapest option, with a fee of $35.72 and a US Dollar/Polish Zloty exchange rate of 4.1491. This would save you $137.21 compared to Remitly, who has a fee of $172.93.
Providers and Services
If you're looking for a reliable money transfer service to Poland, you have several options. One of the most popular services is Wise, which offers mid-market exchange rates and low fees from 0.41%.
Wise is known for its fast transfer times, with 50% of transfers being instant and 90% arriving in under 24 hours. You can send money in 15+ currencies to 170+ countries, making it a convenient option for international transactions.
Here are some of the top money transfer providers to consider:
You can also consider other services like XE Money Transfer, Remitly, and CurrencyFair, which offer a range of features and benefits. Be sure to research and compare the fees, exchange rates, and transfer times of each service to find the one that best suits your needs.
ID Verification
ID Verification is a crucial step when sending money abroad, and it's essential to understand what's required. The first time you send money to Poland from Great Britain, you need to prove you’re a resident in the country you’re sending from.
This means having some form of identification ready, such as a passport or driver's license, to verify your address and identity.
Services
Services for international money transfers are numerous and varied. Wise is currently the cheapest provider for transfers to Poland, with a cost of $35.72 USD.
You can choose from a range of providers, including Wise, XE, CurrencyFair, OFX, and Remitly, each with their own strengths and weaknesses. The fastest provider is also Wise, with transfer times ranging from 0-2 days.
To use a money transfer service, you'll need to register an account and verify your data, a one-time simple process. This helps prevent money laundering and other scams.
Here are some key features of money transfer services:
Some providers, like Western Union, offer more payment options than others, while others, like XE Money Transfer, have faster transfer times. It's essential to compare services and choose the one that best suits your needs.
Remitly is a popular choice for money transfers, with a high customer satisfaction rating of 9.4 out of 10. However, other providers, like XE Money Transfer, have a lower customer satisfaction rating of 6.8 out of 10.
Exchange Rates and Fees
The exchange rate between the US dollar and Polish zloty is currently 4.149 PLN per USD. This rate can fluctuate over time due to various factors such as changes in the economy, political stability, and speculation.
Exchange rate fluctuations can be caused by shifts in how well the economy in the United States or Poland is doing. The mid-market exchange rate is the rate used when banks buy and sell currencies on global markets, and it's the best rate available to send money to Poland.
The mid-market rate for a US dollar to Polish zloty is currently 4.149. However, providers often add a markup to the exchange rate they offer customers, which can push up the costs and make it harder to see exactly what you're paying for your international bank transfer.
The best rate available to send money to Poland will usually be the mid-market exchange rate, but it's not always available to individual customers. A provider that uses the mid-market rate for international transfers from the United States to Poland is Wise.
Here are some of the best-rated providers to send money from the USA to Poland, along with their ratings in various categories:
The fees for sending money to Poland can range from 35.72 with Wise to 172.93 with Remitly. The exact cost depends on various factors such as the amount being sent, the payment method, and the recipient's bank account.
How to Receive?
To receive money in Poland, the transfer will go directly to the recipient's account or card, depending on the option you choose.
You can provide the recipient with a link to the transfer status so they can check where the money is currently, which can be sent from the TransferGo app.
Received personal remittances in Poland were USD 6.73 billion in 2020, according to the World Bank.
International money transfer operators have been handling most of the money, but there are other available options.
Frequently Asked Questions
How much money can you legally wire transfer internationally?
You can wire transfer internationally up to the maximum limit set by your bank, but transfers over $10,000 are subject to IRS reporting. Check with your bank for their specific international wire transfer limits.
What numbers do I need to wire money internationally?
To wire money internationally, you'll need the recipient's name, address, bank's SWIFT BIC, and account number. Additionally, you may need to provide an International Payments System Routing Code for certain countries.
Sources
Featured Images: pexels.com