Open an account in Poland - PKO Bank Polski

One of the advantages of Poland for doing business is a stable banking system, represented by banking institutions, with both Polish and foreign capital.

The most popular include: PKO Bank Polski, mBank, Bank Millenium, WBK Bank, Zachodni, Bank Pekao SA, ING Bank Ślaski.

PKO Bank Polski SA is one of the oldest and largest banks in Poland. It was founded in 1919 as Pocztova Kasa Oszczednoṡci. Over time, branches of the bank, except for Warsaw, were opened in Poznan, Krakow, Lodz, Katowice, Lviv; in the 50s, the bank was renamed Powszechna Kasa Oszczednoṡci. As a public institution, in 2000, after reorganization into a joint stock company, the bank began to wear the name Powszechna Kasa Oszczednoṡci Bank Polski Spółka Akcyina. Already 10 years later, in 2010, the RKO, according to Forbes magazine, entered the list of 2000 largest public companies in the world.

At the moment, it is a leading bank not only in Poland, but also one of the most significant financial institutions in Central and Eastern Europe. In terms of indicators such as the number and volume of loans and deposits, CSC occupies a leading position on the Polish market; As of 2015, the bank's net profit amounted to 2.6 billion zlotys (more than $ 660 million). Among the awards of the bank is the Economic Award of the President of Poland.

PKO is a universal bank that is active in the retail sector, while strengthening its position in the corporate and investment services market. In recent years, the bank has strengthened its position in the field of banking insurance. Bank customers have the opportunity to be served in more than 1,300 branches and use more than 3,000 ATMs.

The bank offers the client a wide range of banking products.

For individuals:
- debit and credit cards; - mortgage and consumer lending;
- savings and current accounts;
- insurance services;
- brokerage services;
- mobile banking.

For legal entities:
- settlement and cash services;
- operations on current accounts;
- debit and credit cards;
- deposits;
- factoring;
- leasing;
- mobile banking;
- brokerage services;
- financing services.

The use of innovative technologies has significantly contributed to the expansion of the range and quality of electronic banking services, in particular, the use of mobile applications based on Inteligo. Today's omni-channel banking provides access to products and services, switching between online and offline channels using PCs, mobile devices, terminals, ATMs, etc.

For companies and entrepreneurs, a cash register opens corporate accounts. There is no fee for maintaining an account if the monthly turnover is 50 000 zł, or the commission is 49 zł per month (for individual entrepreneurs - subject to payments by credit card in the amount of 500 zł, or 25 zł per month). The cost of domestic payments is 0.75 zł when using Internet banking (the first 30 for individual entrepreneurs are free, then each payment is 1 zł), using the SEPA system - 1.99 zł. Corporate cards are issued in PLN, EUR, USD (the service is not charged).

For young companies that operate for less than 12 months, the bank offers preferential terms - servicing without a commission for 6 months from the date of opening an account without additional conditions.

For individuals, there is no charge for maintaining a savings account if you have a debit card, otherwise - 6.90 zł; There is no commission for using a debit card with a non-cash payment per month for the amount of 300 zł, otherwise the fee will be 6.90 zł per month. The fee for cash withdrawal outside the PKO ATM network will be 3% minimum 5 zł, outside Poland with PKO EXPRESS cards - 3% minimum 10 zł.

The bank issues credit cards Visa Electron, Visa Classic, MasterCard (Standard, Gold, Platinum). The commission for issuing a card will average 10 zł, the annual maintenance fee varies from 30 zł to 800 zł, depending on the type of card and the volume of average monthly operations. The commission for cash transactions (of the transaction amount) - 4% minimum 10 zł.

The safety of the funds held in the accounts is guaranteed by the corresponding PKO fund in the amount of zł, equivalent to 100,000 euros.

The procedure for opening an account can take place remotely - via the Internet. After confirming all the data, the courier will deliver a package of banking documents for signing, where the login will be indicated for account activation in the electronic banking system.

The package of documents for opening an account includes:

- identity documents (including passport and Karta Pobutu or residence permit);
- certificate of registration of the company;
- notarized copy of the charter;
- documents confirming the powers of persons entitled to dispose of the account (in Polish).
Submission of additional documents - at the discretion of the bank.

More information can be obtained on the website of the bank http://www.pkobp.pl/