Slein Jinn
8 Sep 2012
Law / A bank that suits my priorities? [6]
I'm soon to be relocating to Poland, and I'm trying to work out what bank I should be looking toward when I arrive. I've read through several lengthy threads of advice on which banks to use or to avoid in Poland, but it appears that most individuals have quite significantly different priorities about what they want from their bank than I do. If you could provide me with some feedback about how well the bank(s) you've used serve to fulfill specifically the following criteria, I would very much appreciate it. (A bit of relevant background: I have a permanent address in Dębica and should have my one-year residency permit sorted out shortly; I'm neither a citizen nor a permanent resident.)
What I ideally want from a bank (in no particular order):
1. Low minimum account balance. I enjoy what I do, but it doesn't pay spectacularly, so it isn't always possible for me to keep a lot of cash tied up in the bank. Nothing is worse than having your bank confiscate some of your money because you don't have enough money.
2. Minimal service/maintenance fees. I don't really care about ATM fees--I very rarely use them anyway--but monthly usage fees and transaction fees and the like really rub me the wrong way.
3. Online banking services available in English.
4. A credit card with no monthly fee through the bank where I have my accounts so that I can pay it directly through online banking. A low credit limit is fine; I try to always pay the balance in full at the end of the month. (I don't care about a debit card; I have no problems being responsible with a credit card and find debit cards generally come with a lot more strings.)
5. Convenient branch location in Dębica.
Things I'm not overly bothered about:
1. Savings account interest rates. As I mentioned previously, I don't typically have a lot of capital sitting idly in the bank anyway, so a difference in interest accrual isn't going to add up to much for me anyway.
2. Debit cards. I find them to be a bit of a hassle, and in my experience they're laden with a lot more fees than just using a credit card.
3. ATM's/ATM fees. I almost never use them. I would much rather walk into the branch location than use an ATM.
4. Customer service. In my experience, customer service generally is really just you make of it. I'm a patient man and generally pretty understanding with such things. My bank in the U.S. had frankly dire customer service by all accounts, but it ticked the right boxes and served my needs pretty well.
With my bank stateside, I had a $10 minimum balance on both my savings and chequing accounts with no monthly maintenance fees. I could write five cheques per month without incurring any usage fees. I had a credit card with no monthly fee, a $1500 credit limit (recently it was raised to $2500, but $1500 had always been plenty), and a 10.99% interest rate. I could pay my credit card bill directly out of my savings account through the online banking service. My savings account had a whopping 0.04% annual percentage yield, meaning I basically earned no interest. This was basically perfect for me; the closer I can get to replicating that in Poland, the more satisfied I'll be.
Thanks in advance for any information you can provide.
I'm soon to be relocating to Poland, and I'm trying to work out what bank I should be looking toward when I arrive. I've read through several lengthy threads of advice on which banks to use or to avoid in Poland, but it appears that most individuals have quite significantly different priorities about what they want from their bank than I do. If you could provide me with some feedback about how well the bank(s) you've used serve to fulfill specifically the following criteria, I would very much appreciate it. (A bit of relevant background: I have a permanent address in Dębica and should have my one-year residency permit sorted out shortly; I'm neither a citizen nor a permanent resident.)
What I ideally want from a bank (in no particular order):
1. Low minimum account balance. I enjoy what I do, but it doesn't pay spectacularly, so it isn't always possible for me to keep a lot of cash tied up in the bank. Nothing is worse than having your bank confiscate some of your money because you don't have enough money.
2. Minimal service/maintenance fees. I don't really care about ATM fees--I very rarely use them anyway--but monthly usage fees and transaction fees and the like really rub me the wrong way.
3. Online banking services available in English.
4. A credit card with no monthly fee through the bank where I have my accounts so that I can pay it directly through online banking. A low credit limit is fine; I try to always pay the balance in full at the end of the month. (I don't care about a debit card; I have no problems being responsible with a credit card and find debit cards generally come with a lot more strings.)
5. Convenient branch location in Dębica.
Things I'm not overly bothered about:
1. Savings account interest rates. As I mentioned previously, I don't typically have a lot of capital sitting idly in the bank anyway, so a difference in interest accrual isn't going to add up to much for me anyway.
2. Debit cards. I find them to be a bit of a hassle, and in my experience they're laden with a lot more fees than just using a credit card.
3. ATM's/ATM fees. I almost never use them. I would much rather walk into the branch location than use an ATM.
4. Customer service. In my experience, customer service generally is really just you make of it. I'm a patient man and generally pretty understanding with such things. My bank in the U.S. had frankly dire customer service by all accounts, but it ticked the right boxes and served my needs pretty well.
With my bank stateside, I had a $10 minimum balance on both my savings and chequing accounts with no monthly maintenance fees. I could write five cheques per month without incurring any usage fees. I had a credit card with no monthly fee, a $1500 credit limit (recently it was raised to $2500, but $1500 had always been plenty), and a 10.99% interest rate. I could pay my credit card bill directly out of my savings account through the online banking service. My savings account had a whopping 0.04% annual percentage yield, meaning I basically earned no interest. This was basically perfect for me; the closer I can get to replicating that in Poland, the more satisfied I'll be.
Thanks in advance for any information you can provide.