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Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.
International money transfers allow you to send money to a recipient in a different country, generally by providing funds to a bank or independent money transfer company. You have plenty of delivery methods, too. Bank-to-bank transfers, cash pickup and deposits are all possible. All you need to do is find the right company with a good exchange rate and low fees and complete a few simple forms. Then your recipient should get their cash within a few days.
While banks can easily send international wire transfers, they’ll charge high fees and offer unattractive exchange rates. Money transfer companies, on the other hand, focus solely on moving money internationally. This allows them to offer better exchange rates and lower fees than you would get from a bank, making it a more affordable way to send money to Poland.
Pavel is spending a few years living the American Dream in California and building a big savings balance. To help his parents pay off their debt back home in Poland, Pavel wants to send them $1,000. Rather than use his bank, which offers a paltry exchange rate and a hefty transfer fee, he decides to investigate the services of a couple of money transfer providers.
| Money Transfer Company A | Money Transfer Company B | |
|---|---|---|
| Exchange rate | $1 USD = $3.69 PLN | $1 USD = $3.60 PLN |
| Transfer fee | $5 | $4 |
| Transfer method | Bank account deposit | Bank account deposit |
| Transfer speed | 3 business days | 4 business days |
| Amount received (in PLN) | $3,690 PLN | $3,600 PLN |
As you can see, a small difference in the exchange rate leads to Pavel’s parents receiving an extra 90 Polish zloty if Pavel uses the first money transfer company.
Today’s exchange rate USD to PLN
If you’ve decided to go with a money transfer company, follow these steps to make the process quick and painless.
You can use your tracking number to keep an eye on the progress of your transfer and report any problems if they come up.
Both money transfer companies and banks use exchange rate to determine how much one country’s currency is worth when converted to the currency of another currency. And because the US dollar is strong when compared to the Polish zloty, you’ll be able to send more zloty per dollar you spend. Keep in mind that this amount changes daily, so you’ll want to stay on top of trends if you plan on frequently sending money to Poland.
If you need to send money to Poland in a hurry, be wary of the fees and exchange rate that apply to your transaction. You’ll usually be charged a premium for sending an urgent transfer. Closely check the full cost of your transaction, and don’t be afraid to take a little extra time to compare your options. It could save your money and get more zloty in your recipient’s pocket when they need it most.
Whenever you pick up the funds from a cash transfer, make sure that you follow a few simple safety precautions to prevent yourself from becoming a victim of theft.
Learn more about using Polish zloty in Poland
Zero fees on your first THREE money transfers
