|CITI HANDLOWY||MIN. TRANSFER||SPEED||FX MARGIN RATE||*GUIDE RATES||MORE DETAILS|
|GBP £ - to PLN||NO MINIMUM||5/7 DAYS||5.0%||5.048|
|EUR € - to PLN||NO MINIMUM||5/7 DAYS||5.0%||4.347|
|BROKER RATES||MIN. TRANSFER||SPEED||FX MARGIN RATE||*GUIDE RATES||MORE DETAILS|
|GBP £ - to PLN||From £100||From 1 DAY||From 0.7%||5.277|
|EUR € - to PLN||From £100||From 1 DAY||From 0.7%||4.544|
Table *GUIDE RATES are updated daily (Monday to Friday) at 09:00 GMT.
Answer: Using Citi Handlowy 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 Citi Handlowy bank account in polish zloty, euros, UK pounds and other currencies. Citi Handlowy international money transfers to or from Poland have higher transaction charges, due to a less competitive exchange rate offered by Citi Handlowy bank. Skip to: Poland Money Transfer Specialists
Typically, sending funds to or from your Citi Handlowy bank 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 Citi Handlowy bank 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 Citi Handlowy bank 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 Citi Handlowy could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Citi Handlowy bank account holder to use their services. Citi Handlowy 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, Citi Handlowy’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.
Created in 1870, Citi Handlowy bank is one of the oldest banks in Poland, originally founded as Bank Handlowy w Warszawie, then US Citibank arrived in Poland and the two banks were merged in 2001 to create Citi Handlowy. Citi Handlowy is today one of the largest banks in Poland and also serves around 100 local banking branches for polish individuals and businesses.