Law /
Opening a Polish Bank Account by a foreigner in Poland. Recommendations. [299]
"SEPA transfers. You can get very close to the interbank rate when exchanging PLN for EUR (you won't with GBP), and likewise when transferring EUR to GBP. It's much harder to get good deals on PLN/GBP transfers, at least in my experience."
Thanks for the explanation. I have just tried via the internet to do a couple of mock transfers as you suggested, aside from any transfer charges there wasn't much difference which surprised me TBH. Its the bank charges that would concern me especiallly as neither country actually has Euros as its currency, also like you suggested you need to perhaps do this in person rather than via internet banking.
We have PLN and GBP accounts with ING Bank Poland and over the next 6-8 weeks need to transfer about £200k into PLN. Any suggestions would be welcome.
The bank give rediculous exchange rates so we normally take money from our Polish GBP account and pop down the road to the kantor and return 10 minutes later with a fistfull of Zloty, the biggest pain is we can only take out £10k at a time and they also require 24 hours notice per transaction.