It is one of the largest financial groups and the largest bank with private capital in Poland. It offers modern financial solutions for individuals, micro, small and medium-sized enterprises as well as Polish and international corporations. The bank has one of the largest networks of branches and partner outlets, and provides services through electronic access channels, including mobile banking.
BZ WBK, also known as Santander Bank Polska SA, was founded in 2001 and the headquarters are in Warsaw, Poland. They offer traditional banking products for clients that want to send money internationally. There are 9,500 employees and the bank is part of the Santander Group.
You can view the exchange rates on this page. Keep in mind that this page is constantly updated so the rates change in real time. Pay attention to the spread column, which indicates the difference between the sale and buy price. It gives you an indication of the fees associated with currency conversions.
To save money on the exchange rate you can use a money transfer service. They usually provide better exchange rates than what traditional banks offer.
Take a look at this PDF file to view the full list of transfer fees that you have to pay as a customer of BZ WBK. You will see that most bank transfers require a fee. For example, the fee is 10PLN when you make a SEPA transfer with currency conversions. Also, you’ll need to pay a fee to reduce the transfer time.
You can view the additional costs from the PDF file mentioned above. There are fees for the majority of services offered. For instance, there is a 100PLN monthly fee for managing your bank account. If you want to activate a direct debit service, then you must pay 150PLN. The fees can add up when you are using a variety of banking services at BZ WBK. However, 3rd party services charge fewer fees, so you can save money if transfers are the only function you need from a bank account.
The money transfer fees at BZ WBK are significantly higher than what you would have to pay when using a money transfer service. Customers that complete many transactions per year will save a lot of money by seeking out a suitable service.
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Step 1: Visit this link and check out the accounts available.
Step 2: Click on the red “Create Account” button when you have chosen a suitable account to open.
Step 3: Choose from one of 4 verification methods, which include picture, video interview with adviser, money transfer from another account holder and courier. You’ll also need to have an ID card to complete the process.
Step 4: Once the account is created you can log in using the desktop or smartphone and begin sending money.
You can transfer money using an IBAN number and recipient’s name for domestic transactions. International transactions require the use of a SWIFT code and the target bank’s address.
You can send and receive money internationally with a BZ WBK account. The SWIFT code system must be utilized, which allows money to be sent to correspondent banks.
The SWIFT code for BZ WBK is WBKPPLPPXXX and the address is SANTANDER BANK POLSKA S.A. (FORMERLY BANK ZACHODNI WBK S.A.), AL. JANA PAWLA II 17, WARSZAWA, Poland.
No bank fees when withdrawing money from ATMs worldwide
Account available for young people with perks such as no monthly maintenance fee
Choose from several account types based on your specific needs
Branches all over Poland
BZ WBK is a good choice for the average customer that wants to send money. The sign up process is simple and there are multiple account types to choose from. Also, there are sign up bonuses if you meet the criteria.
However, the exchange rates and transfer fees can be expensive and add up over time. Consider using a money transfer service to save money. Options that are worth considering include Monito and Western Union.