How do I open a foreign currency account?

Where can I open a foreign currency account?

A foreign currency account can be opened at any bank.

What is the fastest way to open an account?

The quickest way to open a foreign currency account is at your bank – the same bank where you have a gold account. In many banks you can do it online in a few minutes.

How much does it cost to open a foreign currency account?

In most banks, opening a foreign currency account is free. To compare prices, you can use an Internet search engine by typing in the phrase “currency account comparison”

How do I use the money exchanged in the Walutomat?

You will add funds exchanged at Walutomat to your foreign currency account. If a payment card is issued with your foreign currency account, you will be able to use this money to pay abroad or withdraw currency from foreign ATMs.

Why exchanging money at Walutomat is more advantageous than direct exchange at the bank?

Banks have less favourable exchange rates. If you pay abroad with a card in zloty, you will only check the bank’s actual exchange rate a few days after the purchase, when the bank books the transaction. It makes more sense to have a dedicated card in a specific /selected currency and add funds to it with transfers from Walutomat.

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Opening a foreign currency account is easy! You can easily open a foreign currency account in a bank branch or online. An increasing number of banks provide an online service for opening a foreign currency account. We recommend this convenient solution! Note that the currency account must be in the currency you want to exchange. If you intend to exchange euros, you will need to open a EUR account, if Swiss francs, a CHF account and so on. You must have a separate currency account for each currency you plan to exchange.

In addition, if you open an account with a bank we work with, currency transfers will be fast and mostly free! The banks where we have accounts are: Alior Bank, Santander Bank Polska, ING Bank Śląski, Millennium, mBank corporate branch, Pekao SA, PKO BP, Credit Agricole and BNP Paribas.