mBank
Local bankDGS €100k protectedBest for: Polish residentsBest for: Online bankingBest for: Free account
Pros & Cons
Pros
- Deposit protection: DGS €100k equiv. (PL — BFG, in PLN)
- Leading Polish online bank
- PLN + multi-currency accounts
- strong mobile app
Cons
- —
Rating breakdown
Foreigner onboarding100
USD handling60
Transfers75
Value & fees30
Licence & deposit protection
DGS €100k protectedDGS €100k equiv. (PL — BFG, in PLN)
This is a licensed bank, so eligible deposits are protected by the deposit guarantee scheme (DGS) up to €100,000 per customer. That's a key safety factor when choosing.
- Licence
- Bank · KNF (Polish FSA)
- IBAN
- PL
- SEPA Instant
- Send & receive
- Verification of Payee (VoP)
- Rolling out
Editorial review
mBank is a licensed bank (KNF (Polish FSA)), so eligible deposits carry DGS €100k equiv. (PL — BFG, in PLN).
It is a local bank licensed in PL supporting EUR, USD, GBP etc. FX model: Card-network rate + markup.
It tends to suit polish residents, online banking, free account.
Fees & terms
- Exchange rate
- Card-network rate + markup
- Card cost
- Free with conditions
- Currencies
- EUR, USD, GBP etc
- Cards
- Global Physical, Global Virtual
- Transfers
- SEPA in/out, SEPA Instant in/out, SWIFT in/out
- Payments
- Apple Pay, Google Pay
- Licence
- Bank — KNF (Polish FSA)
- IBAN
- PL
- Multi-currency account
- PLN + EUR/USD currency accounts
- SEPA Instant
- Send & receive
- Verification of Payee (VoP)
- Rolling out
- FX model
- Card-network rate + markup
- Opening requirements
- Needs Polish address/PESEL; remote opening possible
- English support
- Yes
- Remote opening
- Yes
- Headquarters
- Poland
Also consider
FAQ
- Is my money protected?
- Yes. mBank holds a full bank licence (KNF (Polish FSA)), so eligible deposits are protected by DGS €100k equiv. (PL — BFG, in PLN).
- What IBAN and transfers?
- mBank issues a PL IBAN. SEPA Instant: send + receive. Multi-currency: PLN + EUR/USD currency accounts.
- Can I open remotely, in English?
- Opening is remote. English support is available. Requirements: Needs Polish address/PESEL; remote opening possible.
Data provenance & verification
Every fact is checked against an official source and stamped with a date. We re-check fees quarterly and document requirements twice a year. Fields not yet independently verified are labelled honestly.
Updated: Dataset compiled: