Send money to Poland

What is the best PLN exchange rate today?

Send money internationally to Poland (PLN) using the mid-market exchange rate. Check and compare the rates from the major financial providers.

The true cost of sending USD to PLN

How much does it cost to send money to Poland?

  • International money transfers shouldn’t be expensive.
  • Make sure your provider doesn’t add hidden fees or bad exchange rates to your money transfer.
  • You should choose a provider that uses the mid-market exchange rate to convert your money.

What are the payments methods to send money to Poland?

The available payment methods for your international transfer may vary. Most of the times these should be:

  • Debit Card.
  • Credit Card.
  • Bank Transfer.

How long does it take to send money to Poland?

How long does an international transfer take? It mostly depends on:

  • Countries you send from and to.
  • Public holidays or weekends.
  • Payment methods.
  • Potential security checks.

Sending money to Poland

After the fall of communism in 1989 and since the accession of Poland to the European Union and accession to the Schengen area, we note a massive emigration from Poland to other European countries. The majority of them left in search for better work opportunities in richer neighboring countries. Thanks to the Schengen area, Polish people have the right to work in some other EU countries. They primarily emigrated to Germany with more than one million people, to the United Kingdom with 661'000 people and to the United States with almost 500'000 people. Those people send money regularly back home to their country to support family and relatives.

They are not the only ones to send money to Poland. Foreign companies and individuals who do business with Poland are in need to convert their money into Polish Zloty to pay suppliers for example. Indeed as Poland's cost of labor is lower than the European average, hiring Polish companies and Polish freelancers is profitable for Western Europe countries. For employers the cost of labor is more advantageous in Poland than in Western European countries. That's why many companies have subsidiaries in Poland in order to outsource some jobs that can be done remotely.

Polish migrants working abroad and foreign companies and individuals doing business with Poland are the two main actors in need to move money to the country.

The equivalent of 6.9 billions of US dollars were sent to Poland last year. That's huge. The remittances mainly come from Germany for $2.1 billion and from the United Kingdom and the United States for more than $1 billion each.

The cost of sending money to Poland

The average cost of sending money to Poland using a bank is 8% according to the World Bank while it is in average 5% using a money transfer operator. That makes a huge difference especially for large amounts of money transferred or regular amounts of money transferred. Banks are known to offer a poor exchange rate which makes the conversion expensive between two currencies.

The cheapest solution to send money to Poland

The cheapest solution to send money to Poland is to use a money transfer service. There are plenty out there and it can be difficult to know which one to use. Indeed depending on your needs the best option will not be the same. The exchange rates they provide are also changing every hour so there is no way to determine which one is the cheapest.

If you're in a hurry you probably should use an international cash service as the money can be available in minutes almost everywhere in the country. It's not the cheapest option but the fastest one.

If you're a company with regular transactions with Polish suppliers or someone sending money back home on a regular basis, the best option is to find an optimised solution for your transfers. The rates of money transfer solutions are always changing and evolving over time, as well as the currency exchange rate. The cheapest operator one day is not necessarily the cheapest one the following day. That is why you should always compare between all these solutions to see which one gives you the best rate at a given moment. Comparison is now possible thanks to money transfer comparison services checking in real-time the rates of providers.