Mondial Change Answers All Your Questions About PLN - Polish Zloty Accounts
How to open a PLN (Polish Zloty) account?
Opening an account is very simple.
- Send us your request to open a PLN account via the form on the left or through the account opening form. We will contact you to schedule a phone call to better understand your needs regarding PLN flows.
- Following this exchange, we assist you with the administrative formalities to open access to the services of one of our partners, selected according to your needs. We remain your sole point of contact for the entire client relationship.
- Once access to the services is validated, you can request the opening of your Polish Zloty account and any other eligible currency. Your PLN account banking details are generally provided within minutes, and you can start receiving and making payments in PLN (Polish Zloty).
- If your business evolves and you have needs in other currencies, you can request the addition of an account in another currency at any time.
What are the fees associated with opening a PLN (Polish Zloty) account?
Access to our services and the provision of currency accounts are completely free. Our remuneration is solely based on the exchange rate applied to your purchases/sales of Polish Zlotys. This exchange rate is always communicated, with full transparency, before the validation of your transactions.
Is the PLN (Polish Zloty) account a personalized bank account?
The Polish Zloty (PLN) account for which we provide the details is not a bank account per se because the account-holding institution is not a bank but a partner payment institution. These accounts are labeled in your name, and the IBAN linked to the account is unique. You thus have a guarantee of segregation of your funds in the books of our partners. The security guarantees for your funds are similar to those offered by traditional banks. The account can be located in different countries according to your operational needs. Please consult the page related to opening a Polish Zloty (PLN) account for more information.
In which countries can the PLN (Polish Zloty) account be located?
It may be useful for your PLN (Polish Zloty) account to be located in France or, conversely, in another country, depending on your operational needs and the location of your clients. This is why we allow great flexibility in the location of currency accounts. The PLN (Polish Zloty) account can be located in the following countries:
- France
- Poland
- United Kingdom
- Belgium
- Netherlands
You can consult the updated table of possible locations for PLN (Polish Zloty) accounts here: account locations
Is it possible to hold PLN (Polish Zloty) in the PLN account?
You can use this Polish Zloty account to receive or store PLN for as long as you wish as long as your account is active. You are automatically notified by email each time a Polish Zloty transfer is received in your PLN account. You can then freely reuse these PLN to make payments in PLN to your suppliers or convert your Polish Zlotys by benefiting from very competitive exchange rates. You have no obligation to move funds on the accounts.
Is the PLN (Polish Zloty) account compatible for receiving PLN from marketplaces like Amazon or collection systems like Paypal?
Foreign currency payment collection systems like Adyen, Stripe, Paypal, Hipay, or internal systems of marketplaces like Amazon Pay are widely used by companies conducting international transactions. These systems are efficient, but if you do not have an account in the collected foreign currency, your revenues in that currency are automatically converted into euros at often very unfavorable exchange rates, and even when you have a bank account in the collected currency, this account often needs to be located in the country where the sale takes place, which can be complicated with a traditional bank. Some of our partners offer currency accounts compatible with most marketplaces and collection systems.
Besides PLN (Polish Zloty), what other currencies are available for account opening?
You can find all eligible currencies for currency account opening by visiting this page.
Can checks, cash, or the funds in my PLN (Polish Zloty) account be used with a bank card?
It is not possible to deposit checks or cash into your PLN (Polish Zloty) account. Only bank transfers are accepted for transactions on the account. No bank card can be attached to the account at the moment.
Are account statements listing all transactions in PLN (Polish Zloty) available?
Account statements listing all operations in Polish Zlotys are downloadable at any time from the online interface. These statements include maximum information on beneficiaries, the origin of funds, related exchange operations, to facilitate the work of your accounting department.
Can the entries from the PLN (Polish Zloty) account be integrated into an ERP or TMS like SAP, SAGE, AGICAP, or Kyriba?
All account statements can be automatically integrated into your treasury software or ERP via MT940 files. You will find all movements in PLN (Polish Zloty) in your software, and you do not even need to connect to our online interface to obtain the up-to-date balance of your PLN (Polish Zloty) account. Our technical teams can also automate the processing of currency payment files provided by your TMS / ERP.