How to Send Money to Poland Fee-Free from Overseas? All You Need to Know
- SEO Team
- Jun 8, 2023
- 4 min read
Although European countries attract people from outside it, in most cases, a few countries in Europe are such that the people of those countries travel outside for different purposes.
Do you know why it is so and which country it is from?
Well, your answer can be led by your guesses. Still, Polan is one of the European countries whose people travel to other countries to find better employment opportunities to provide resources for their families and to fulfill their financial needs through online money transfers to Poland.
A brief background about why people of Poland travel abroad
After accession to the European Union and the Schengen Area, many of Poland’s people emigrated to the UK, Germany, Ireland, and France.
This number was over 2 million.
According to the Central Statistical Office of Poland, a majority of people travel to other countries from Poland for better employment opportunities.
These people ensured to retain their permanent resident status in Poland while they moved and stayed abroad for work.
It is also reported that the number of Poland’s people living abroad peaked in 2007 when it spiked to almost 2.3 million.
Even though Poland is an industrialized and developed country, its people travel outside due to a few critical reasons highlighted below.
A quick look at a few important reasons for the people of Poland to leave the country
Firstly, the people of Poland travel abroad to find better employment opportunities to earn a decent living and ensure their families lead a financially stable life. The country offers plenty of work, but given that the country is highly industrialized, the skills needed to find work inside the country are highly technical.
Secondly, the people of Poland travel abroad to find top-quality education. No wonder, then, that a majority of the people of Poland ended up in the UK a few years ago as immigrants.
Thirdly, a large number of the people of Poland suffer from poverty and unemployment and given that they can travel and work in other European countries without a visa and other documents required to travel to and work in other countries, the people of Poland find work easily in other European countries without undergoing the associated traveling complications.
These reasons drive the people of Poland outside the country. There can be several other personalized reasons, but these are the most important ones that a majority shares.
Some fast facts about the economy of Poland
Poland is the world’s 22nd largest economy, with a nominal Gross Domestic Product (GDP) of $716 billion.
Its Purchasing Power Parity (PPP) is the 23rd largest worldwide, with $1.599 trillion.
The country is the 6th largest and 5th largest in the European Union by nominal GDP and by GDP PPP, respectively.
Poland's GDP per capita income of $19,023 is the 56th largest worldwide.
It has a PPP per capita income of $42,466, the 41st largest worldwide.
These statistics show that the people of Poland undergo financial hardships rarely. Still, once they do, they make it to other countries for better employment opportunities to earn a decent living and then send money to Poland for financial support to their families.
Why look for fee-free money transfers to Poland from abroad?
If a country is developed and has a strong economy, it does not mean you cannot find the incidence of poverty there.
Ironically, where a majority is well-off, a minority will suffer financially with an intense level of their suffering. The same goes for the people of Poland.
Since they want to earn a decent living while they seek work abroad, they try to find a service that can offer money transfers back home without any service charges so they can make savings.
Finding such a service is not impossible, but not so easy either. And besides, you need to follow some tips to ensure saving in your online money transfers back to Poland from abroad.
What steps should I take, and how to send money to Poland without paying a fee?
The following bunch of tips will help you find a cost-effective way of transferring funds back to Poland from overseas.
Campaigns and promotions
Several companies launch campaigns and promotions where transferring money to and from a set of countries is fee-free. These campaigns are time-bound but help you save money that you would spend otherwise on paying the service charges to the company.
Look out for these promotions and campaigns.
Amount-bound service charges
Many companies will charge a fee only if you cross a certain limit of funds. Any transaction below that specific amount will come fee-free.
For example, sending GBP500 to Poland from the UK through ACE Money Transfer as a bank deposit will incur zero fees.
Live and competitive currency exchange rates
It is another useful tip to follow in your money transfers to save money. Several service providers keep their currency exchange rates fixed and static for a certain period which is usually one business day or 24 hours.
However, some companies link their currency exchange rates with the international market, which fluctuates continuously. These are called flexible exchange rates, allowing you to initiate a transaction when the rates are in your favor.
Watch out for the hidden fee.
Some companies keep their fee structure hidden and away from customer scrutiny. It is to trick you into paying unknowingly, hence titled hidden fee.
Make sure to find a service that has a transparent fee structure so that you pay fairly.
ACE Money Transfer – a credible remittance service worldwide
Money transfers to Poland through ACE Money Transfer will help you save money by offering live exchange rates in over 100 countries worldwide and much more in exchange for a low fee.
Poland’s immigrants
Poland’s economy
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