Make Payments and Receive Payments in PLN - Polish Zloty
Pay in Polish Zloty (PLN)
Mondial Change allows you to make international payments in PLN (Polish Zloty) with ease. Manage your Polish Zloty beneficiaries, track your transactions in real-time, and enjoy a secure online platform. We do not charge any exchange commission on your PLN operations (a spread is applied to the exchange rate, which slightly degrades the interbank rate on the currency pair being traded). Your client rate is always transparently communicated before the validation of each of your transactions.
Receive Payments in Polish Zloty (PLN)
Mondial Change enables you to receive payments in PLN (Polish Zloty). Payments in PLN are received in an account in your name with a dedicated IBAN. This PLN account with a nominative IBAN is provided to you free of charge. It allows you to receive payments in PLN from your clients or subsidiaries and also to hold Polish Zloty. The PLN can be reused to make payments in PLN. The PLN can also be converted into EUR or any other currency of your choice and repatriated to your bank account. The Polish Zloty (PLN) account can be located in France or other countries (see possible locations).
Do you want to hedge your exchange risk on the Polish Zloty (PLN)? Check our dedicated page for PLN currency hedging.
Mondial Change Answers All Your Questions About Payments in Polish Zloty (PLN)
What is the timeframe for a PLN payment to be credited to the beneficiary's account?
It generally takes between 1 and 2 business days for a Polish Zloty transfer to be credited to the beneficiary's account. However, please note that these timeframes are not contractual, and our partners responsible for the execution and routing of payments cannot be held liable if PLN payments are credited beyond 2 business days to the beneficiary's account.
What are the fees for a payment in Polish Zloty (PLN)?
The fees applied to Polish Zloty (PLN) transfers generally range from 0 to 10 euros depending on the agreement made with Mondial Change's trading room. The rate primarily depends on your annual PLN exchange volume and the number of Polish Zloty payments made during the year.
Are there minimum or maximum amounts for payments in Polish Zloty (PLN)?
Mondial Change and its partners verify that your Polish Zloty flows are consistent with the data declared during account opening and consistent with your activity volume to ensure compliance and security. If there are restrictions on transaction volumes, they will be communicated to you well in advance of the validation of your operations.
What are the specific rules for executing a payment in Polish Zloty (PLN)?
For PLN payments via the SWIFT network, simply provide the following information:
• Full name of the beneficiary
• IBAN
Is it possible to modify a payment in Polish Zloty (PLN) after it has been executed?
Yes, it is possible with some of our partners to modify a payment in Polish Zloty (PLN) even after it has been sent in SWIFT. If you have, for example, made an error in the beneficiary's name or account number, the correction is made through a SWIFT amendment. If the payment was not executed via the SWIFT network, then it is not possible to make such amendments, and you must wait for the payment to be returned if applicable.
Is the Polish Zloty (PLN) account provided to you a bank account and is it nominative?
The Polish Zloty (PLN) account for which we provide you with the details is not a bank account per se because the account holder is not a bank but a partner payment institution. These accounts are labeled in your name, and the IBAN attached 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.
Is it possible to hold Polish Zloty (PLN) in the PLN account provided to you?
You can use this Polish Zloty (PLN) account to receive or store Polish Zloty. The funds can then be reused to make payments in Polish Zloty or be converted into other currencies. The account is also compatible for receiving PLN payments from e-commerce platforms like Amazon or payment systems like Adyen or Stripe.
What are the holidays when payments in Polish Zloty (PLN) cannot be executed?
January 1: New Year's Day (Nowy Rok)
January 6: Epiphany (Święto Trzech Króli)
Variable date: Easter Sunday (Wielkanoc)
Variable date: Easter Monday (Poniedziałek Wielkanocny)
May 1: Labor Day (Święto Pracy)
May 3: Constitution Day (Święto Konstytucji 3 Maja)
Variable date: Corpus Christi (Boże Ciało)
August 15: Assumption (Wniebowzięcie Najświętszej Maryi Panny)
November 1: All Saints' Day (Wszystkich Świętych)
November 11: Independence Day (Narodowe Święto Niepodległości)
December 25: Christmas - 1st day (Boże Narodzenie)
December 26: Christmas - 2nd day (Drugi dzień Bożego Narodzenia)
History of the Polish Zloty
The Polish Zloty (PLN) is the official currency of Poland, a Central European country rich in history, culture, and heritage. As the national currency, the Polish Zloty plays a crucial role in the Polish economy and facilitates exchanges both nationally and internationally. The Polish Zloty is subdivided into 100 groszy. Its ISO code is PLN, and its symbol is zł. The banknotes in circulation are available in denominations of 10, 20, 50, 100, and 200 złotys, while coins are issued in denominations of 1, 2, 5, and 10 złotys, as well as 1, 2, 5, 10, 20, and 50 groszy. The Central Bank of Poland, known as Narodowy Bank Polski, is responsible for issuing and regulating the Polish Zloty, ensuring monetary stability and maintaining investor confidence.
Monetary Policy of the Polish Zloty
The Central Bank of Poland implements a monetary policy focused on price stability and sustainable economic growth. It closely monitors economic indicators such as inflation, exchange rate, and GDP growth to adjust interest rates and take appropriate measures. Polish monetary policy also aims to maintain the country's financial stability and encourage investment to stimulate economic development.
Characteristics of the Polish Zloty
Firstly, Poland is a member of the European Union but has not yet adopted the euro as its currency. Consequently, the Polish Zloty remains the currency in circulation and used in the country. Additionally, the exchange rate of the Polish Zloty can be influenced by international economic and political factors, as well as capital flows and trade conditions. It is therefore advisable to monitor exchange rates during international transactions involving the Polish Zloty.