How to open a bank account in Poland as a foreigner?

How to open a bank account in Poland as a foreigner?

For foreigners wishing to open a bank account in Poland, there are several requirements. Let’s examine them in more detail.

Conditions, documents, and permits required for a foreigner to open a bank account:

  • Foreign passport
  • Proof of residence in Poland – rental agreement or property purchase agreement, utility bills (e.g., for electricity, water, or gas)
  • Proof of income – employment contract or a certificate from the workplace, a bank statement from another bank may be required
  • Polish tax identification number (NIP) – required if you plan to receive income in Poland
  • Residence or work permit in Poland – if you are an EU/EEA/Swiss citizen, proof of registration in Poland (e.g., residence card or stamp in the passport); if you are not an EU/EEA/Swiss citizen, a valid residence and work permit (e.g., national visa type D or temporary residence and work permit)
  • Additional documents may also be required – bank statements from your country of residence, recommendation letters from other banks

IMPORTANT! All documents submitted to Polish banks must be translated into Polish by a sworn translator. Requirements may vary depending on the bank and individual circumstances. It is recommended to contact the chosen bank for up-to-date information on the necessary documents and permits.

The process of opening a bank account for a foreigner in a Polish bank will be as follows:

  1. Choose a bank: Familiarize yourself with different banks in Poland and their offers to choose the one that best suits your needs.
  2. Gather the necessary documents (required documents may vary depending on the bank) – passport, proof of residence, proof of income.
  3. Visit the bank branch: You need to personally visit the bank branch to open the account. Bring all the necessary documents with you.
  4. Fill out the application form: You will be provided with an account opening application form. Fill it out carefully and correctly.
  5. Submit the documents: Present all necessary documents to the bank employee. The bank may request additional documents if needed.
  6. Pay the initial deposit: Usually, an initial deposit is required when opening the account. The amount of the initial deposit varies depending on the bank.
  7. Receive the account number: After processing your application, you will be provided with the account number.

Additional tips:

  • Some banks may charge a fee for opening and maintaining the account. Check this before submitting your application.
  • You may need to provide translated documents into Polish by a sworn translator.
  • Some banks offer accounts for non-residents, which may have specific requirements and restrictions.
  • You may need to provide a Polish tax identification number (NIP) if you plan to receive income in Poland.

Recommended banks for foreigners in Poland:

  • Bank Pekao
  • PKO Bank Polski
  • mBank
  • ING Bank Śląski
  • Santander Bank Polska

If you have any questions on this topic or would like to clarify any information, please write to us at office@progressholding.pl.