|BANK MILLENNIUM||MIN. TRANSFER||SPEED||FX MARGIN RATE||*GUIDE RATES||MORE DETAILS|
|GBP £ - to PLN||NO MINIMUM||5/7 DAYS||5.0%||4.991|
|EUR € - to PLN||NO MINIMUM||5/7 DAYS||5.0%||4.517|
|BROKER RATES||MIN. TRANSFER||SPEED||FX MARGIN RATE||*GUIDE RATES||MORE DETAILS|
|GBP £ - to PLN||From £100||From 1 DAY||From 0.7%||5.216|
|EUR € - to PLN||From £100||From 1 DAY||From 0.7%||4.721|
Table *GUIDE RATES are updated daily (Monday to Friday) at 09:00 GMT.
Answer: Using Bank Millennium services, the exchange rates shown are typical. All banks have individual rates and commission structures for international currency transfers. Find the latest exchange rates for an overseas bank using our Bank Rate Comparison below:
Save on the exchange rate conversion when transferring money abroad from your Bank Millennium account in polish zloty, euros, UK pounds and other currencies. Bank Millennium international money transfers to or from Poland have higher transaction charges, due to a less competitive exchange rate offered by Bank Millennium. Skip to: Poland Money Transfer Specialists
Typically, sending funds to or from your Bank Millennium account in zloty, euros, UK pounds or US dollar overseas bank account will involve a margin rate of 5.0% – much higher than most currency broker rates (typically 0.7 to 1.0%).
Sending foreign currency to or from your Bank Millennium account in Poland needn’t be a complex matter, moreover, you can save time and money when you use a specialist currency broker instead.
Specialist foreign exchange companies including our recommended providers here can save you money and time on the transaction. Our recommendations are based on international coverage and office locations together with the lowest foreign exchange margin rates offered.
Example: A typical overseas currency transfer of 400,000 Polish zloty (PLN) using Bank Millennium services would have a transaction exchange rate margin of around 5.0% – or 20,000 PLN. Using a specialist broker, in this example TorFX – the exchange rate margin would work out at 0.7% – or only 2,800 PLN in total, which is a large saving over the bank service.
International money transfers from Bank Millennium could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Bank Millennium account holder to use their services. Bank Millennium may charge a commission fee when sending money abroad into another currency and bank transfer commission fees vary depending on the amount you need to transfer. Private brokers offer commission free currency transfers, typically over a value of 20,000 PLN.
Unless you pay a premium, Bank Millennium’s service will take from 5 to 7 days for your funds to arrive at the destination bank. Private foreign exchange companies typically complete the transaction either same day, or next day.
Bank Millennium S.A is a Polish commercial bank with headquarters in Warsaw, Poland and is one of the largest banks in Poland, offering banking services for individual clients and businesses. The bank was created in 1989 and today has more than 500 local banking branches across Poland together with an extensive network of ATM’s and cash deposit machines.