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6 Nov 2017
Life / Feedback on Smart Bank / Nest Bank [4]
You will have to make your own judgment about whether it's good or not - it's the newest, smallest and least capitalised Polish bank but it has a rating similar to most of the rest.
Yes it is covered by the NBP insurance scheme - I would not read too much into that because if things go really wrong it's unlikely the Polish state has the money to cover losses. There have been some small banks (more like credit unions) going bust in the last two years and it has not been easy for depositors to recover cash, I think they will get it but I have heard anecdotally that the ones who have emigrated are at the back of the queue.
You will have to make your own judgment about whether it's good or not - it's the newest, smallest and least capitalised Polish bank but it has a rating similar to most of the rest.
Yes it is covered by the NBP insurance scheme - I would not read too much into that because if things go really wrong it's unlikely the Polish state has the money to cover losses. There have been some small banks (more like credit unions) going bust in the last two years and it has not been easy for depositors to recover cash, I think they will get it but I have heard anecdotally that the ones who have emigrated are at the back of the queue.