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Transferring money to Poland

If you've moved to the UK from Poland, it's likely that once in a while, you'll want to transfer money back to Poland.

There are a number of ways you can do this:

  • You could transfer money directly into a Polish account from your UK bank account, although the fees and charges are likely to be high
  • You could send sterling in the post, although there's always a risk of it being stolen
  • You could get a prepaid currency card and give it to the person you want to give some money to, and they could then use it to pay using zloty in Poland. If they just need the money for shopping, this could be a smart option, since many currency cards incur no purchase fees. However, if they need to withdraw the money, the fees associated with ATM use on such a card will quickly erode the value of the money loaded onto the card.

Given the risks and drawbacks of other methods, money transfer specialists often present the smartest way to transfer money. Their transfer fees are low relative to high-street banks, their exchange rates tend to be more advantageous, and they don't present the risk of theft or value erosion that cash or currency cards present.

Who can transfer my money to Poland?

The market for international money transfers is very competitive in the UK (and internationally), so there are numerous businesses who can undertake your transfer for you.

However, although lots of businesses can complete money transfers, they are all different. To ensure you get the best deal on your transfer, there are three areas you should focus on when comparing providers.


The most important consideration when handing over your money to a business is its security. You don't want the custodian of your funds to fail, and, if it does, you want to know that you will get your money back. To supply money transfer services in the UK businesses must be registered with the FCA. However, although the FCA provides oversight to registered businesses it does not mandate particular business practices. Authorised firms, on the other hand, tend to be larger businesses, and this requires that they ring-fence their client money in a separate account, to protect it if they are liquidated. If you're looking for maximum security, you should only use an Authorised money transfer services.

For additional security (if you feel it's necessary), you can check our money transfer page, where we rank suppliers based on their business credit score, as supplied by the independent commercial credit reporting service, Creditsafe.

Fees and charges

Some money transfer suppliers charge fees for transferring money, while others claim to be fee-free. Of course, these businesses do incur costs when transferring, so if they are not passing these charges on directly as fees, they will be making the money back elsewhere - probably with poorer exchange rates. Depending on how much you are transferring this could work in your favour, but a weaker exchange rate on a high-value transfer is likely to be a more expensive option.

Exchange rates

The first thing people tend to compare when money transferring is the exchange rate available, and this is an important consideration. However, you must remember that businesses offering the best rates are likely to apply fees for transferring. This does not mean you should avoid these businesses, but you should assess fees and exchange rates together, to determine which combination offers you the best value.

Having made you first transfer, you will have established an account with a business, so you'll probably we tempted to use this for your next transfer. However, fees and exchange rates change regularly, and even if you've had a good experience with one provider, you should still compare suppliers again before transferring. Getting the right money transfer supplier can save you tens or hundreds of pounds, and that money is far better with you (or your intended recipient) than a business.