In order to send a SWIFT payment to POLAND it is highly recommended to meet the following recommendations:
Information provided by the Beneficiary: Remitter should obtain all required bank information from the Beneficiary (e.g. SWIFT BIC, IBAN, and beneficiary bank address).
Central Bank: For additional information, please refer to www.nbp.pl.
Currency & Clearing Information: Poland is a member of the European Union (EU) and is adopting the payment practices of the European Union. However, the country has not adopted the euro.
Account Restrictions: Residents and non-residents are permitted to open and maintain domestic or foreign currency accounts either locally or abroad. However, residents can’t convert their domestic currency into foreign currency.
SEPA: Strict formatting standards and SEPA guidelines exist in Europe regarding cross-border payments. IBAN and SWIFT BIC are required for all euro payments. SEPA standards apply for euro payments to beneficiaries with accounts in Poland. SEPA standards do not apply for Polish zloty payments.
Use of IBAN numbers is highly recommended. If IBAN is not provided, there is a high risk the payment will be returned. IBAN is required for all EUR payments subject to SEPA standards.
In Poland, for SWIFT transfers include the SWIFT BIC with the branch identifier (if required), full name, and address of the beneficiary bank. The SWIFT BIC is 8 or 11 alphanumeric characters: xxxxPLxx or xxxxPLxxxxx. It is recommended to state the purpose of payment. For tax payments, include additional details such as NIP (Numer Identyfikacji Podatkowej) or REGON (Rejestr Gospodarki Narodowej), the period the payment covers, and the kind of tax being paid.
For the following financial institutions in POLAND you can find a list of their correspondent banks with the currencies and nostro accounts. Also you will find an instructions how to track the payments and other useful information which will help you to send/receive a SWIFT funds transfer or investigate a status of existing payment.
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