Do you need to remit money to Poland? If so, the cost of remitting money is likely to be the most influential factor behind your choice of a remittance service, so you will want to find a service that charges low transfer fees and offers competitive exchange rates for the Polish Zloty which makes your money go further. It will be relatively easy to make your remittance to Poland as there are no restrictions or regulations on money transfers to Poland.
What services are on offer?
A Bank: When you are looking to remit money to Poland, going through a bank may be your initial thought. While this is a logical solution, a bank is likely to be a costly way of remitting money as banks often offer poor exchange rates and charge significant transfer fees.
A Money sending bureau: With these services the exchange rates on offer tend to be poor, so you are able to buy less Polish Zlotys for your money. In addition to this, money sending bureaux are known to charge large transfer fees, as high as 10-15%, which combined makes this an expensive way to remit money to Poland.
A foreign exchange specialist: An alternative would be to remit the money through a foreign exchange specialist such as Xendpay as this makes remitting money cheaper, simple and convenient.
Why is Xendpay the ideal way to remit money?
Remitting money through a FX specialist such as Xendpay is the ideal way to remit money to Poland as our service is focused exclusively on foreign currency transfers. Our specialisation enables us to offer more competitive exchange rates for the Polish Zloty and to charge some of the lowest transfer fees on the market. Please visit our fee page for further information.
It will also be really easy to remit money to Poland with Xendpay as you can remit money at your own convenience, 24/7, on our online payments platform.
Remitting money through Xendpay will also see that your funds are received quickly, as the money should be credited to the bank account in Poland within 1-2 working days.
With Xendpay you will also know that your funds are in safe hands as we are authorised by a UK government agency, the Financial Conduct Authority for the provision of payment services and are regulated by HM Revenue & Customs.