A cheap business account is possible, but in most cases only on promotion. People running their own business can count on, among other things, unlimited free external transfers and free withdrawals from ATMs in Poland. We have analyzed business account offers for entrepreneurs.
In the April list of the cheapest business accounts, two banks that offer identical conditions for entrepreneurs once again took first place. Low fees for basic activities on a business account can be found in promotional offers. Standard products are usually more expensive.
The position of offers in the quarterly ranking of the cheapest business accounts depends on the amount of monthly fees for the following services:
- maintaining a bank account,
- payment card service,
- standard online external transfer,
- withdrawals from domestic ATMs.
Advertisement See alsoDo you run a business? You can get PLN 300 for opening and PLN 3,000 for using an Online Business Account at Santander Bank Polska
When preparing the ranking, we first look at the monthly cost of maintaining a business account. Then we analyze the monthly fee for a payment card. The third factor determining the position in the ranking is the price of a regular external internet transfer. The fourth criterion is the fee for withdrawing money from domestic ATMs.
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Bankier.pl business account ranking – January 2022 |
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|---|---|---|---|---|---|---|
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No. |
Bank Name |
Account name |
Maintenance fee |
Monthly fee for payment card |
Fee for standard external internet transfer |
Withdrawal from domestic ATMs |
|
1. |
mBank
|
mBiznes Standard in the “Account with accounting” promotion |
0 PLN |
0 PLN |
0 PLN |
0 PLN * |
|
Santander Bank Poland
|
Business Account Worth Recommending in the “Promotion Worth Recommending” |
0 PLN |
0 PLN |
0 PLN |
0 PLN ** |
|
|
2. |
Nest Bank
|
BIZnest Account |
0 PLN |
0 PLN |
0 PLN |
0 – 6 PLN (1) |
|
3. |
Pekao Bank
|
Przekorzystne Biznes Account in the promotion “PLN 2,000 bonus for companies and PLN 0 for the account and card for 2 years” |
0 PLN |
0 PLN |
0 – 1.50 PLN (2) |
0 – 2.00% (3) |
|
4. |
Millennium Bank
|
“My Business Account in the promotion “Gain with a Business Account – second edition” |
0 PLN |
0 – 6 PLN (4) |
0 – 1 PLN (5) |
0 – 3.50% (6) |
|
5. |
Credit Agricole
|
“Business Account for PLN 0 with BONUS up to PLN 1,700” |
0 PLN |
0 – 7 PLN (7) |
0 PLN |
0 – 1 PLN / 3.50% (8) |
|
6. |
BOS Bank
|
Flexible Account Savings Rate |
0 PLN |
0 – 8 PLN (9) |
0 – 1.5 PLN (10) |
3.00% (11) |
|
7. |
Alior Bank
|
iKonto Business |
0 PLN |
0 – 8 PLN (12) |
0 PLN |
0 – 5 PLN (13) |
|
8. |
PKO Bank Polski
|
PKO Business Account |
0 – 12 PLN (14) |
0 – 10 PLN (15) |
0 – 1 PLN (16) |
0 – 3.50% (17) |
|
9. |
BNP Paribas
|
Open Business Account |
0 – 15 PLN (18) |
0 – 7 zl (19) |
0 – 1.50 PLN (20) |
0 PLN |
|
10. |
Post Office Bank
|
Business Email Account |
0 – 15 PLN (21) |
5 PLN *** |
0 PLN |
0 PLN |
|
Source: Bankier.pl own study based on information provided by banks, as of 04.01 financial product comparison website www.bankier.pl/smart |
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|
* |
PLN 0 commission for cash withdrawals at mBank, Santander, Euronet and Planet Cash ATMs. Remaining 3.5% min. PLN 5. |
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|
** |
After expressing consent to telephone and electronic contact for marketing purposes and no objection to the processing of marketing data in the bank. |
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|
*** |
5 PLN for a non-biometric card, 9 PLN for a biometric card |
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|
1. |
PLN 0 for withdrawals from Euronet ATMs, other PLN 6 each time. |
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|
2. |
PLN 0 for transfers to ZUS and US and the first 15 transfers per month, each subsequent one PLN 1.50. |
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|
3. |
PLN 0 for withdrawals from the bank's ATMs and the first 2 transfers in a month, each subsequent 2%, min. PLN 5. |
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|
4. |
PLN 0 for the calendar month in which the card was issued. Thereafter PLN 0 for the sum of transactions made with the card of at least PLN 500 in a month. |
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|
5. |
PLN 0 for transfers to ZUS and US and for the first 20 transfers per month, then PLN 1 each time. |
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|
6. |
PLN 0 for withdrawals from the bank's ATMs, PLN 1 for withdrawals from the Santander and Planet Cash networks, other: 3%, min. PLN 5. |
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|
7. |
PLN 0 provided that at least 1 transfer is made to ZUS or the amount of at least PLN 2,000 is received per month. |
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|
8. |
PLN 0 for withdrawals from bank ATMs, PLN 1 for withdrawals from Santander ATMs, remaining 3%, min. PLN 5 from each withdrawal. |
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|
9. |
PLN 0 for transactions totaling at least PLN 500. |
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|
10. |
PLN 0 for the first 5 transfers per month. Each transfer is PLN 1.50. Does not apply to transfers to ZUS and US. |
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|
11. |
3.00% min. PLN 10. |
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|
12. |
PLN 0 after making at least 4 non-cash transactions per month. |
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|
13. |
PLN 0 for withdrawals from ATMs in a bank branch and for the first 2 withdrawals from ATMs of the Euronet and Planet Cash networks in a month. Thereafter PLN 5 for each withdrawal. When using ATMs of other domestic and European networks 3% min. PLN 5 each time. |
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|
14. |
PLN 0 for income of at least PLN 2,000 per month. |
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|
15. |
PLN 0 after making at least 4 transactions in a month. |
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|
16. |
PLN 0 for 10 transfers per month (including ZUS and US). |
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|
17. |
PLN 0 for withdrawals from the bank's ATMs, 3.5% min. PLN 5 in other ATMs. |
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|
18. |
PLN 0 for the first 12 months for people who have been running a business for 6 months, otherwise: PLN 0 for a balance above PLN 3,000 or total revenues above PLN 20,000 |
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|
19. |
PLN 0 for settlements of at least PLN 700 in the previous period or total monthly receipts exceeding PLN 100,000. |
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|
20. |
PLN 0 for revenues above PLN 100,000, for revenues between PLN 20-100,000 a package of 40 free transfers – after use the cost of each is PLN 0.90, for revenues below PLN 20,000 a package of 20 free transfers per month, each subsequent one PLN 1.50. |
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|
21. |
PLN 0 for income of at least PLN 2,000 per month. |
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In total, the April ranking includes 11 best business account offers. Including two products tied for first place, which have identical promotional terms for a business account.
Free business accounts
The cheapest business account available on the market are two accounts: mBiznes Standard and Konto Firmowe Godne Recommendacji . In both mBank and Santander Bank Polska, entrepreneurs can use a free account as part of a promotional offer.
In both cases, customers can benefit from a waiver of the fee for maintaining a business account for the first 24 months. During this time, banks also do not charge a fee for using a payment card. Additionally, entrepreneurs have an unlimited number of ordinary external internet transfers at their disposal.
Entrepreneur's account for 0 PLN
The runner-up in the ranking of business accounts is Nest Bank . Entrepreneurs can use the free BIZnest Account and a free debit card. Customers also have unlimited external online transfers and withdrawals from Euronet ATMs throughout Poland. Cash withdrawals from other banks are charged PLN 6 each time.
Cheap business account
In third place in the comparison of cheap business accounts is Bank Pekao. As part of the promotion “1200 PLN bonus for companies and 0 PLN for the account and card – 3rd edition”, entrepreneurs can use a business account and debit card for free for 12 months. On the other hand, the cost of one external online transfer is PLN 1.50 (except for transfers to ZUS and US, which are free) after using the pool of free 15 transfers per month. Customers can use free cash withdrawals from Bank Pekao ATMs, while for withdrawals from the Santander and Planet Cash networks you have to pay PLN 1 each time, and for withdrawals from the remaining 3% of the withdrawn amount (min. PLN 5).
Dominika Florek
