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Social money exchange services in Poland?


Jars777 20 | 70
13 Feb 2012 #1
Hi all

Have you heard of or even used walutomat.pl? Is it any good and safe? I am wondering if it would be a good thing to use to avoid FX rate losses.

Thanks
Jars
gumishu 11 | 5,017
13 Feb 2012 #2
Have you heard of or even used walutomat.pl? Is it any good and safe? I am wondering if it would be a good thing to use to avoid FX rate losses.

I have heard about it and it presumably has better exchange rates than everybody else (because they don't have to pay cashiers, rents are not affected by physical security issues) - but with everything that is internet there is some risk involved - I would try to inform myself better and still would thouroughly consider giving them a go
OP Jars777 20 | 70
13 Feb 2012 #3
Ok Thanks a lot. I will just be hammered with FX rate losses every single month and trying to work out the best alternative.
Cheers.
sa11y 5 | 331
13 Feb 2012 #4
I use money bookers, so far no issues
Wroclaw Boy
13 Feb 2012 #5
I will just be hammered with FX rate losses every single month and trying to work out the best alternative.

what i usually did was to be payed in the currency that i earned in and have that deposited into a UK bank account, i would then open an account in the same currency in Poland GBP or EUR attached to the standard PLN account, once i had a decent amount in the UK bank i would wire it over at a cost of about £17 (Same day transfer with HSBC). If you wire once every few months the £17 will not be so significant. I always used to keep a close eye on the FX rates and when i thought it was favourabe i would draw out the cash in EUR or GBP from the Polish bank then exchange it cash for cash at a Kantor.

Occasionally i used a UK based FX company, but the exchange rates from a kantor are better and the FX company i used went into administratoin with my 8000 Euros in their system so i lost all that money.


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