BGZ BNP Paribas International Transfers & Exchange Rates
BNP Paribas has been present in Poland for more than a century. BNP Paribas SA Branch in Poland cooperates with international corporations and largest companies and institutions in Poland in the area of investment banking. It is part of the corporate and institutional banking business line (CIB), which provides solutions for financing, risk management and advisory services. In Europe, it is a leader in financing corporations and in the cash management area.
About BGZ BNP Paribas
BGZ BNP Paribas is a French bank group that operates internationally. It’s the biggest bank in Europe and the 7th biggest based on total assets, which is over 2 trillion Euros. It’s also one of the oldest since it was founded in 1848. The headquarters are in Paris, France. BGZ BNP Paribas offers a huge variety of financial services, which includes asset management, corporate banking, credit cards, private banking and wealth management.
BGZ BNP Paribas Exchange Rates and Rransfer Fees
Exchange Rates
Check out the exchange rates of EUR to other currencies on this page. You can view the difference between the buy and sell price to get an idea of the fee for the currency conversion. You’ll notice that some currency conversions are not available so you will have to contact the bank. The currency conversion rates are constantly updated and the information is provided in the top right-hand side of the table.
However, you can save money on currency conversion fees if you use a money transfer service. Not sure where to find reputable alternatives? Check out MoneyTransfers.com for a long list of possible choices.
Transfer Fees
The full list of transfer fees and additional fees can be seen by downloading the PDF file from this link. You’ll notice that the transfer fees are expensive for sending money internationally. Keep in mind the values are provided in PLN since it is the Polish branch of their operations. You can cut down on the fees by using alternative services such as Payoneer and Xoom.
Additional Costs
There is no charge for opening a bank account at BGZ BNP Paribas. However, you will need to pay a fee of 50PLN for monthly maintenance. The fee for using a debit card is 3EUR per month and there is a card insurance fee depending on the one you’ve chosen.
How Do BGZ BNP Paribas Transfer Fees Compare to Using a Money Transfer Provider?
The money transfer fees at BGZ BNP Paribas are significantly higher than alternative money transfer services. In fact, you’ll pay a fraction of the cost when using 3rd party services. The savings will be biggest when sending money internationally and using different currencies.
BGZ BNP Paribas Pros and Cons
Pros
Cons
How to Open an Account and Transfer Money With BGZ BNP Paribas on the Website
Step 1: Read the information about online accounts on this page.
Step 2: Register for an account by contacting the customer service team.
Step 3: Log onto the website or the smartphone app to send money. The link above has videos on how to send money.
Transferring Money
When sending money from the mobile app or desktop you will need the IBAN number and recipient’s name. With international transfers, you’ll also need the SWIFT code and bank address of the recipient. 3rd party services usually require fewer details when sending funds worldwide.
Can I Use BGZ BNP Paribas for International Bank Transfers?
It’s possible to send and receive money internationally with BGZ BNP Paribas. You will need to use the SWIFT code system that uses correspondent banks around the world.
The SWIFT code for BGZ BNP Paribas is PPABPLPKXXX and the address is BNP PARIBAS BANK POLSKA S.A., KASPRZAKA STREET 10/16, WARSZAWA, Poland.
Additional Information
Jean-Laurent Bonnafé is the CEO
They have over 200,000 employees worldwide
Network of 7,000 branches around the world
Provides investment opportunities for the average user
Summary
BGZ BNP Paribas is one of the biggest banks in the world, which means you can trust the stability. They offer more financial services than most, which includes consumer banking, wealth management, credit cards, asset management and much more.
However, their exchange rates and international transfer fees can be expensive. To save money on your transfers consider using alternatives such as Payoneer and Western Union. They also reduce the transfer time by allowing the money to arrive instantly in most cases.
