COREDO > Opening a Bank Account in Poland

Opening a Bank Account in Poland

Opening a Bank Account in Poland with COREDO

Poland is one of the largest banking and financial markets in Central Europe, offering a stable economy and developed banking infrastructure. The country’s banks provide foreign clients with modern solutions for corporate and personal banking, international transfers, and business operations within the EU.

Since 2016, COREDO has been assisting clients with opening bank accounts in Poland, providing full support at every stage of the process.

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Cost of the service
from 700 EUR

Types of Bank Accounts

The following main types of bank accounts are available in Poland:

A corporate bank account (rachunek firmowy)

is intended for legal entities and is used for conducting commercial activities, making settlements with counterparties, and managing working capital. The account is opened in PLN and other currencies with the option to connect online banking, make SEPA payments in euros, and conduct international SWIFT transfers.

A payment institution account

represents an alternative to a traditional bank account and is opened with licensed payment institutions. This type of account is suitable for companies that require quick access to settlement services within the European Economic Area.

A multi-currency account

allows holding and conducting transactions in several currencies — EUR, USD, GBP, CHF, and others — without the need to open a separate account for each currency. Multi-currency accounts are particularly popular among companies working with foreign counterparties.

A personal bank account (rachunek osobisty)

is opened for individuals and is used for receiving income, making payments, and managing personal finances. Polish banks provide a full range of services, including SEPA transfers, debit and credit cards, online banking, and mobile applications.

Client Requirements

Opening a bank account in Poland is regulated by the Act of 1 March 2018 on Counteracting Money Laundering and Terrorist Financing (Ustawa o przeciwdziałaniu praniu pieniędzy oraz finansowaniu terroryzmu). Banks are required to conduct customer due diligence (CDD) prior to establishing business relationships.

For legal entities, banks verify the corporate structure, beneficial owner (UBO) data, sources of funds, and the nature of planned transactions. The bank also requests information on PEP (Politically Exposed Person) status and assesses FATCA compliance. For individuals, proof of identity and residential address is required.

Non-residents of Poland have the right to open a bank account, provided they submit a complete document package and undergo standard KYC (Know Your Customer) procedures. Polish legislation does not prohibit foreign citizens and companies from opening accounts. However, Polish banks exercise heightened scrutiny with respect to non-residents, which requires thorough document preparation and professional support.

Account Opening Process and Timelines

The process of opening a bank account in Poland through COREDO includes the following stages:

Client Analysis (preliminary screening).

COREDO specialists analyse the client profile, identify suitable banks and account types, and assess the likelihood of approval. At this stage, primary information about the company or individual is collected and reviewed.

01

Document preparation.

A complete document package is compiled in accordance with the requirements of the selected bank: incorporation documents with apostille, notarised passport copies, proof of address, business model description, and financial projections.

02

Application submission and bank liaison.

COREDO submits the documents to the bank and ensures communication between the client and bank specialists at all stages of application review.

03

Verification and account opening.

The bank reviews the submitted documents and conducts KYC procedures. Upon successful verification, the account is opened and the client receives account details to begin operations.

04

Standard verification and account opening timelines in Poland range from 10 to 30 business days, depending on the requirements of the specific bank, the complexity of the corporate structure, and the completeness of the submitted document package. For companies with a transparent structure and a clear connection to the Polish market, the process may take three to four weeks.

COREDO Service Fees

Legal Entities

Stage	Fee
Stage 1 — Client Analysis (preliminary screening)	EUR 300 + VAT
Stage 2 — Bank corporate account	EUR 2,000 + VAT
Stage 2 — Payment institution account	EUR 1,500 + VAT
Opening deposit	EUR 1,000
Total	from EUR 1,800 to EUR 2,300 + VAT

Individuals

Stage	Fee
Stage 1 — Client Analysis (preliminary screening)	EUR 200 + VAT
Stage 2 — Bank account	EUR 1,000 + VAT
Stage 2 — Payment institution account	EUR 500 + VAT
Opening deposit	EUR 400
Total	from EUR 700 to EUR 1,200 + VAT

The fee depends on the type of account being opened (bank or payment institution). The deposit is credited to the client’s account and remains at their disposal after account activation.

Required Documents

To open a corporate bank account in Poland, the following documents are typically required: an extract from the commercial register (KRS) or an equivalent register in the company’s country of incorporation, articles of association and the company charter (with apostille for foreign documents), a resolution on the appointment of board members, notarised copies of directors’ and beneficial owners’ passports, UBO documentation (beneficial ownership structure), proof of residential address for directors and beneficial owners (bank statement or utility bill, not older than three months), a description of business activities and planned operations, tax identification numbers (NIP for Polish companies), and a completed bank questionnaire (KYC form).

To open a personal bank account, an individual will need: a valid passport (an identity card is accepted for EU citizens), proof of residential address, and information on sources of income.

The specific list of documents may vary depending on the requirements of the selected bank and the client’s profile. COREDO specialists provide a detailed document list following the preliminary analysis at the first stage of cooperation.

Benefits of Working with COREDO

COREDO has been operating in the legal and consulting services market since 2016. The headquarters is located in Prague, and services are provided across the entire European Union, including Poland. Partnering with COREDO for opening a bank account in Poland offers a number of significant advantages.

Professional analysis of the client’s profile makes it possible to identify the most suitable banking institutions and account types before submitting an application. Comprehensive document support includes the preparation and review of all required documents in accordance with Polish banking standards. Communication with the bank is handled by the COREDO team, minimising the likelihood of delays due to incomplete documentation or incorrect formatting. Given the heightened requirements of Polish banks for non-residents, professional support significantly increases the chances of successful account opening. The client receives individual guidance from an expert throughout the entire process — from the initial consultation to obtaining account details.

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Our Experts

Daniil Saprykin

Head of Customer Success at COREDO. Provides operational coordination of the account opening process and liaison with banking institutions.

Pavel Kos

Head of Legal at COREDO. Has been with the company since June 2017 and has led the legal team since July 2020. Specialises in corporate services, bank accounts, and legal support for clients across European jurisdictions.

Diana Šnajdr

Customer Success Manager at COREDO. Provides prompt client support at all stages of the bank account opening process.

Frequently Asked Questions

Can a non-resident of Poland open a bank account?

Yes, Polish legislation does not prohibit foreign citizens and companies from opening bank accounts in Poland. A complete document package must be submitted and standard KYC procedures completed. Polish banks exercise heightened scrutiny with respect to non-residents, which is why professional support significantly simplifies the process.

What are the timelines for opening a bank account in Poland?

The standard verification and account opening period ranges from 10 to 30 business days. Actual timelines depend on the complexity of the corporate structure, the completeness of the documents, and the internal procedures of the specific bank. For companies with a clear connection to the Polish market, the process typically takes three to four weeks.

Are deposits in Polish banks protected?

Deposits in Polish banks are protected by the Bank Guarantee Fund (BFG). The guarantee covers funds up to the equivalent of EUR 100,000 per depositor per bank, converted into Polish zloty at the NBP exchange rate. In the case of a joint account, each co-holder is entitled to a separate guarantee amount.

In which currencies can a bank account be opened?

The primary currency for bank accounts in Poland is the Polish zloty (PLN). Major Polish banks offer multi-currency accounts with the ability to conduct transactions in EUR, USD, GBP, CHF, and other currencies. Companies working with European counterparties can use SEPA payments in euros on terms comparable to domestic transfers within the EU.

Is personal presence required to open an account?

Requirements depend on the specific bank. Some Polish banks allow remote account opening with additional verification measures. Other banks may require a personal visit to confirm identity. COREDO informs the client of the specific requirements of the selected bank at the preliminary analysis stage.

Submit Application

If you are planning to open a bank account in Poland — for a company or for personal purposes — COREDO specialists are ready to provide professional assistance at every stage of the process.