Question 1

Which banks in Poland are the most reliable?

Accepted Answer

All banks in Poland operating under KNF (Financial Supervision Authority) supervision are reliable. Deposits are protected by BFG up to EUR 100,000 per person. The largest banks are PKO Bank Polski, Bank Pekao, mBank, ING Bank ЕљlД…ski, and Santander Bank Polska.

Question 2

Can a foreigner open an account at any Polish bank?

Accepted Answer

Most Polish banks open accounts for foreigners with a passport and PESEL. Ukrainians with temporary protection (UKR status) can use a simplified procedure. Every bank is required to offer a Basic Payment Account (PRP) to anyone legally residing in Poland.

Question 3

How do I check if a bank is in the KNF register?

Accepted Answer

The register of KNF-supervised financial institutions is available at knf.gov.pl. You can verify a bank's, SKOK's or lending institution's licence there. On Kodenix Capital, products from KNF-supervised institutions are marked with the KNF вњ“ badge.

Question 4

What is the difference between a bank and a payday lender (chwilГіwka)?

Accepted Answer

A bank holds a KNF banking licence, accepts BFG-guaranteed deposits and offers a full range of financial services. A payday lender can issue loans but does not accept deposits and is not covered by BFG. Its loans usually carry a much higher APRC (RRSO).

Question 5

Which banks offer service in Ukrainian?

Accepted Answer

mBank offers a Ukrainian-language helpline. PKO Bank Polski and several other banks have information materials in Ukrainian. Kodenix Capital helps compare all bank offers on one page вЂ” in 4 languages: Polish, Ukrainian, Russian and English.