Have you decided to expand to Poland? One of the things you'll need is to set up a bank account in Poland. Let's together look how to do it.

However, in order to start active business in the Polish market, you will need a corporate bank account that will allow you and your clients to make payments.

The first thing that would be good to start with is a short research about banks that are available on a given market - specifically in Poland. It is also important to find out what banking services they offer. You will definitely use this information in the future.

At first glance it may seem that the establishment of a bank account in Poland is quite simple. On the other hand, the differences in the services offered, but also in the conditions of the individual Polish banks, are quite striking. We have gone along this path for you and we have written all the necessary information you will need when you will be setting up a Polish bank account.

The Polish branch or representation is not a decisive factor in establishing a Polish bank account

Although we are living in the digital world today, we are trying to deal with everything so-called "Online", but when closing accounts, it's not so "easy". Banks, as well as in Slovakia, require a personal meeting. And this is true double when it's a non-resident.

In general, an account in any Polish bank can be established as a natural or legal entity from abroad without any major limitations. The way to closing an agreement about opening an account on Polish territory does not necessarily have to be thorny.

How to choose the right bank?

First of all, do not be afraid to reach out to several banks at once. You are the one who can choose. And just aim for the best bank for your needs.

In Poland you can choose, for example, from the following banking institutions:

• ING Bank
• mBank
• PKO Bank Polski
• Bank Zachodni WBK
• Bank Pekao SA
• BGZ BNP PARIBAS
• Polbank EFG and many others

The first good signal of every good bank is the speed of communication and the willingness of the staff to provide as much information as possible. You know it's self-evident, but in today's hectic time you will greatly appreciate when something from which the launch of your e-shop unfolds goes smoothly and mainly quickly.

If you need to have an e-shop in Poland quickly or you simply do not want to print a stack of papers and other bureaucratic nonsense, take a look at the bank that will require only the minimum of documents needed to set up your account.

In most cases, banks will require documents related to your business (extract from the Business Register, certificate of assignment of the VAT translated into the Polish language). These documents must be certified as so-called  "Apostille".

In some Polish banks, such as ING Bank, they will not require this form of authentication from you because it greatly prolongs the process and it also increases costs. And not just that. They will not require specific information about the company's turnarounds, with which suppliers the company works with, the establishment of a company's residence in Poland and others.

The third decisive factor will be the possibility to sign up for a bank account contract for you as quickly and smoothly as possible.

From this point of view, you will certainly appreciate if the bank has the possibility to send the necessary documents. The bank's employees can then prepare a pre-contract beforehand, which will greatly save the time you would otherwise have to spend directly in the bank.

Part of a regular bank account is of course Internet banking and a payment card. As a bonus, they can also offer you an account in Euros or savings account to your basic account. Whether you use them is up to you.

In order to be able to set up an account in one of the Polish banks, you need 2 important documents

Prepare:

1.Current Listing from the Business Register. Listing from the Business Register must be an original document. The one you print from page orsr.sk is only an informative document and cannot be used for legal purposes. Subsequently, this extract must be officially translated into the Polish language.

You say, okay, listing from Business Register is not a problem, but what about an official translation? Do not worry and leave this matter to us. We'll do everything right and without problems.

2.Valid ID card

From sending documents to creating a bank account

Sending these documents directly to the bank is done electronically. Again simple and fast. Scan and send. On the basis of this, the bank prepares the draft of the contract to ensure that the bank will not waste time by filling it out when you visit the bank for the purpose of signing the contract.

All you have to do is just arrange a personal meeting at the bank that suits you. Many Polish banks are very accommodating in this respect and can adapt to the client's choices. Even here, our customer, our master.

The last step is the visit to the bank, where you will be welcomed by the friendly staff. A bank employee will provide you with a draft contract in advance, ask for a few basic facts and in a few minutes an original of the contract will be in the world. In the meantime, you can enjoy your favorite cup of coffee or tea that they will offer you. After checking the data on the contract and the subsequent signing, you leave with the contract in your hand.

Easy ? Yes, when you know how to do it. And it's even easier when someone do it for you:)

If you are considering expanding to the Polish market where there is enormous potential, do not hesitate. Expandeco will provide you with professional services - from translations, through fulfillment, marketing, customer service to account creation itself. We will be pleased to do it for you.