Money Transfers Poland

roysterdoyster

Anybody got any advice on the cheapest and painless method of transferring money to Poland. Are there UK banks that have sister banks in Poland.

I am aiming to do this on a monthly basis. The only way I can see is to use something similiar to a Post Office Travel Card, but obviously there is the maths involved in paying in GBP , and or converting to EUR and telling the person how many PLN have been transferred.

The conversion is also a crucial issue. For example the best on the spot rate last week for PLN was 4.2 4.3. I transferred my money in Poland and got a rate of 4.66. Big enough difference to get a free train journey.

Any advice would be great!

kookai231

you have 2 polish banks in london
www .pkobp.co.uk
www .mbank.co.uk
they have a branches in london.

Barcleys have a alliance with deuche bank, which got branches in Poland.

HSBC got own branch in Poland too.

cheers kookai

PolishBigSpender

mBank have a branch in London? News to me...If you can, go with them. I use them personally and they're fantastic and painless. PKO BP are one half of the former State bank - avoid if you can, but they could be a good bet for transferring money.

Avoid Deutsche Bank and HSBC, neither of those have any significant presence in Poland.

How much are you looking at transferring? For larger amounts, a specialist FX exchange company could make much more sense.