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Bank Pekao International Transfers & Exchange Rates
Bank Pekao
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Published On:
November, 22 2022
Edited On:
March, 20 2023

Bank Pekao International Transfers & Exchange Rates

The history of Bank Pekao dates back to the 1920s, when it was established to meet the financial needs of a free Poland. It is the first Polish bank to launch ATMs and credit cards. It’s mission is to simplify the banking process and make it more accessible.

About Bank Pekao

The CEO of Bank Pekao is Leszek Skiba and it was founded on March 17th of 1929. Currently it’s the 2nd biggest bank of Poland and it is growing every year.

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Bank Pekao Exchange Rates and Transfer Fees

Exchange Rates

The exchange rate at bank Pekao can be viewed on this page. You will find the most commonly checked rates there. For all currency rates click on the “check rates for all currencies” link. Also, there is a currency calculator, which is a quick way to compare rates quickly.

The spread for converting PLN to USD, EUR and GBP is 0.282, 0.343 and 0.401 respectively. This gives you an idea of what the mark up is when executing currency conversions.

Transfer Fees

Bank Pekao will not require a fee for incoming transactions. They utilize Western Union for money transfers and the fee is as follows: 9.90PLN up to 500PLN, 3% for 500.01PLN to 1,000PLN, and 2.5% for 1,000.01PLN to 4,000PLN.

Also, there is a 50% discount for the first 3 transfers, which is ideal if you want to make bigger transfers after creating your Bank Pekao account. However, there might be additional fees to consider because it depends where you are sending the money.

Additional Costs

Bank Pekao provides free ATM withdrawals in Poland and no bank fees when withdrawing abroad. However, there might be fees on the side of the ATM provider. Also, there are no servicing fees when opening a debit card.

Bank Pekao does a great job of removing fees when opening new accounts or transferring money. However, you should contact customer service to figure out what costs you will incur for the required services.

How Do Bank Pekao Transfer Fees Compare to Using a Money Transfer Provider?

The fees at Bank Pekao are affordable, but why pay them when you can get a better deal at most money transfer providers. If you complete many transactions per year, then the fees can add up. Overcome these by choosing a 3rd party service to complete the transactions.

Bank Pekao Pros and Cons


No fee for opening an account or servicing debit card
PeoPay application allows you to complete banking transactions on your smartphone
No fee for currency conversion when paying by card
No commission fee when withdrawing money abroad


Money transfer service is more expensive than most 3rd party services
English translations are lacking for international customers
Mobile app is buggy

How to Open an Account and Transfer Money With Bank Pekao on the Website

  • Step 1: Navigate to the daily banking page and click on the “Open Account” button, which is distributed throughout the page.

  • Step 2: Complete the multi-step form where you will need to enter your contact details, confirm the phone, choose an offer and create the contract with the bank. It takes about 11 minutes according to the website.

  • Step 3: Once the account submission is complete you will need to wait a few days for a reply from the bank.

Transferring Money

You can complete online money transfers using the desktop or mobile app. For domestic transactions you may only need the recipient’s name and IBAN number. For international transfers you will need details such as the address and SWIFT code of the bank you are sending money to.

Can I Use Bank Pekao for International Bank Transfers?

It is possible to receive and send money while using Bank Pekao. The majority of banks have a system in place where money is sent to correspondent banks using SWIFT codes.

The SWIFT code for Bank Pekao is PKOPPLPWCUS and the address is BANK PEKAO SA, BANK PEKAO SA, FLOOR 9, GRZYBOWSKA 53/57, WARSZAWA, Poland.

Additional Information

  • There is an account for young people up to the age of 26 years old

  • The first 2 ATM withdrawals from foreign banks in Poland are free

  • Flexible credit availability

  • Choice of credit card available to suit your needs


Pekao is one of the most popular banks in Poland that offers a wide range of financial services. This includes daily banking, cash borrowing, mortgages, insurance and investment opportunities. Their branches are mostly found in the Northeast of Poland but you can send money worldwide. The exchange rates and transfer fees are not huge, but 3rd party services are a better choice. For example, you can go with Western Union and Monito to send money at fast speed and low fees.

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April Summers
April Summers
April is a trained journalist and the Content Editor for She has 10 years experience writing about a diverse range of subjects, from financial services to arts and entertainment. When she's not writing about global remittances she can be found daydreaming about her next holiday abroad.

Answers to key questions about Bank Pekao

Can I open a Bank Pekao account in any country?
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Are there transfer limits?
How long do transfers take with Bank Pekao?
What customer support options are available?
Can I use a Bank Pekao debit card when traveling abroad?
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