Are you planning a trip to Poland and wondering how to access your cash without incurring high ATM fees? Look no further! In this article, we’ll provide information on how ATM Fees are calculated in Poland, as well as tips on how to minimize costs and access your funds in most convenient way.
From understanding the fees charged by your home bank and the ATM itself, to finding the best exchange rates and cashback options, we’ve got you covered. Whether you’re a budget traveler looking to save a few zlotys or just want to be informed about your options, this article has something for everyone. So read on to learn more about accessing cash in Poland.
Are There Fees for Withdrawing the Money using ATMs in Poland?
When you use an ATM in Poland to withdraw money from a foreign account, you shouldbe aware that there may be additional fees for this service. These fees can include a processing fee, which is the amount that your bank charges for completing the transaction and making money from it. This feecan be a fixed amount or a percentage of the withdrawal value, or it can be a combination of both.
Another fee to consider is theexchange rate, which is the rate at which the currencies are converted during the withdrawal. For example, if you withdraw from a Czech account in Poland, theCzech crowns will be converted to zlotys. If the exchange rate is not favorable, it might be better to bring local currency with you and exchange it at an exchange office for zlotys instead of withdrawing in zlotys from the ATM.
↳ PRO TIP: Do you like traveling? Then before you buy any ticket or book an attraction, check if it's available in this worldwide Viator Database. You may save a lot of money and time. No need to thank me :)
The cost of using an ATM alsodepends on the company that operates the ATM. Some ATM operators may charge high fees for cash withdrawals. Therefore, when withdrawing money from a foreign account at a Polish ATM, you should expect to pay not only for the amount withdrawn, but also for the service fees.
In general, there are the factors to influence the cost of using ATM:
- Transaction Fee – Your Bank Account charges it
- Exchange Rate – Thar depends on your bank as well as local ATM operator
- ATM Operator Fee – there might be some fees charged by the ATM itself
The Most important one is the first one (and usually the highest one). Unfortunately, this is the one that depends only on your own bank, therefore I am not able to check it for you.
Do ATMs Operators Charge Commission?
Generally speaking, no commission is charged for withdrawals from an ATM belonging to the bank where you have a personal account. On the other hand, if you are tourist visiting Poland and do not have bank account here, a commission for withdrawing from another ATM is charged by most banks, but there are exceptions.
TIP: The Exchange rate might be very high if you do not proceed with caution. In most polish ATMs, when usign foreign currency card, You will be asked to ACCEPT proposed exchanged rate. DO NOT accept this rate under any condition. It is usually much higher then your banks exchange rate. DECLINE the ATM’s proposal and proceed. You will save a lot o money that way. In the below video, you can see how it works in practice.
Can I Withdraw Money from Any ATM?
Yes, all ATMs accept VISA, VISA Electron, MasterCard, so you can use any machine you can find. Please check the fees on your bank website before withdrawing.
Where to Withdraw Euros?
If you’re looking to withdraw euros from a foreign account in Poland, you can use ATMs in the Euronet network. These ATMs allow you to withdraw euros, even if you don’t have a EUR currency account. You can withdraw cash in euros from any foreign card whose settlement currency is not the euro. Euronet does not charge a fee for withdrawing funds, but you may still have to pay a processing fee charged by your bank.
So if you’re wondering where you can withdraw euros from an ATM in Poland, take a look at Euronet’s website and use the search engine provided with locations of places where this option is available. There are more than 170 ATMs across the country, so it’s fairly easy to find something in your area. All devices of this network that support currency withdrawals are marked with a special sticker or overlay with the EUR currency symbol.
Here is the website in which you can find all ATMs in Poland: Click Here
To find an ATM in the Euronet network that allows euro withdrawals, you can check out their website and use the search engine to locate one near you.
Is it Possible to Withdraw any Other Currency at a Polish ATM?
It’s not possible to withdraw a currency other than euros or zlotys from a foreign card at a Polish ATM. In fact, it’s not possible to withdraw GBP at a Polish ATM. However, you can withdraw other currencies at a bank counter. It’s a good idea to read the details of this service before you use it. Many banks have limits on withdrawals that they don’t always disclose.
Withdrawing large amounts often requires you to notify the bank 1-2 days in advance. Some banks require you to notify them of any withdrawal in a foreign currency, like Bank Millennium and Bank Ochrony Środowiska S.A. Some branches may have specific limits for each branch. Keep in mind that withdrawing euros, dollars, francs, or pounds from a foreign account at a Polish bank counterwill involve additional fees, which can sometimes be quite high.
How Much Does It Cost to Withdraw Money from a Polish ATM?
Your bank often charge fees for using ATMs abroad. Find out how much commission you will pay for withdrawing from another bank’s ATM abroad and how to avoid these fees – check these fees on your own bank website. Typically your bank will charge you from 3% to 6% for such a transaction.
Is an ATM Withdrawal Fee Always Charged?Most ATM (or their operators) do not charge a fee for foreign users to withdraw from their ATMs, if any fees should apply – you will be notified during the transaction.
Fees and Commissions for Withdrawing from Polish ATMs
Below you can find the table of the fees for withdrawing cash from foreign ATMs charged by the largest banks in Poland. The table includes fees charged to owners of basic personal accounts. Please note that these fees are example of how much polish bank charges for using ATM’s. You should look for similar fees at your bank in your country.
| Bank | Commission for withdrawal from another bank’s ATM |
| PKO BP | PLN 10 / approx. 2 EUR |
| Pekao S.A | 2.3%, min. PLN 5 / approx. 1 EUR |
| Santander Bank Poland | PLN 5 / approx. 1 EUR |
| ING Bank Śląski | PLN 0 for the first withdrawal and PLN 5 / approx. 1 EUR for each subsequent withdrawal in a given month |
| Bank Millennium | PLN 5 / approx. 1 EUR |
| mBank | PLN 0 – for withdrawals over PLN 100 PLN 2.5 – for withdrawals up to PLN 100 |
| Credit Agricole | PLN 6 / approx. 1.1 EUR |
| BNP Paribas | PLN 5 / approx. 1 EUR |
| Getin Bank | 3.5% of the transaction amount, min. PLN 5 / approx. 1 EUR |
| Alior Bank | PLN 2.5 / approx. 0,5 EUR |
What is the Maximum Amount I Can Withdraw from an ATM at One Time in Poland?
The maximum amount you can withdraw from the unit is between 1,000 to even 20,000 PLN. However, if we are looking for a bigger amount, it is advisable to go to a bank cashier and withdraw the money at a given branch.
ATM’s Most Popular Networks
Banks are decreasing the number of their ATMs as the number of card cash transactions decreases. Therefore, ATMs that usually the cheapest for withdrawals can mostly be found at bank branches.
In other locations, such as shopping centers, railway stations, or other key points in the city, ATMs belonging to global networks like Euronet (which has 7600 machines in Poland) or Planet Cash (with 4300 machines) are often available. They may be consider most popular in the country.
The Most Expensive ATMs to Withdraw Money
Commission a bank charges for withdrawing from bank’s ATM depends largely on the bank’s policy. Our table shows that the banks with the largest network of their own ATMs, such as PKO BP, Pekao, and Santander, charge the highest fees for withdrawals from foreign ATMs. This makes sense because they want customers to use their own machines, which are expensive to maintain.
Customers of theEuronet network often have the lowest commissions,or no fees at all, for using foreign ATMs.
Alternatives to ATM Withdrawals
An alternative to ATMs is to withdraw cash at a bank branch. However, it is worth checking how much such an operation costs, as many banks charge similar, or even higher, fees for this service than for withdrawing from a foreign ATM.
A more convenient and popular option is to use the cashback service. This allows you to withdraw cash from a cashier at a store when you pay for your purchases. The cashback service is available at most banks, but has one major disadvantage – you can only withdraw a limited amount of cash using it. For example, with a Visa card, you can withdraw amaximum of 300 PLN, and with a Mastercard, a maximum of 500 PLN.
Bibliography
- https://euronetpolska.pl/p,31,_bankomaty.html
- https://pap-mediaroom.pl/biznes-i-finanse/oplaty-i-prowizje-czyli-ile-tak-naprawde-placimy-za-prowadzenie-konta
- https://www.money.pl/banki/konta-internetowe/porownanie-kont-internetowych/oplaty/
