Raiffeisen Bank Poland, present on the market under the name Raiffeisen Polbank, started its operations in 1991 as one of the first financial institutions with foreign capital appeared in Poland. In 2012 after the merger with Polbank EFG, Raiffeisen Polbank became one of the largest banks in Poland. Raiffeisen Polbank is a universal bank offering retail and corporate banking products and services to individuals, small- and medium-sized enterprises and corporations.
On 9 February 2015 Raiffeisen Bank International announced sale of its operations in Poland and Slovenia, as well as the direct banking unit Zuno. The measures are intended to facilitate an improvement in the CET1 ratio to 12% by end-2017, compared to 10% at end-2014.
time deposit accounts
Current accounts are non-interest bearing deposit accounts that are used to perform day-to-day banking transactions. Current accounts are often offered with a payment card (a debit card and/or a credit card) and may also include overdraft possibility. Annual costs of having a current account (also known as account management fees) can depend on monthly income input to the account or amount of money deposited into the account.
Current accounts made with Raiffeisen Polbank are covered by deposit guarantee scheme of Poland up to 100 000 EUR per depositor. The following current accounts are offered by Raiffeisen Polbank.
Last updated 22 August 2017
Poland: This product is offered to Polish residents only. When clicking on the product link you will be redirected to the product page in Polish.
|Yes (up to 100 000 EUR per depositor)|
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in Poland are obliged to participate in Polish deposit guarantee scheme.
In the case of Raiffeisen Polbank failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Eligible Depositors||natural persons, legal entities|
|Covered Accounts||deposits in all the accounts (e.g. term deposits, current accounts, savings accounts)|
|Maximum Protected Amount||100 000 EUR|
|Paid In Currency||PLN|
Any bank can be identified for different purposes and hence can have several different identifiers.
BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.
A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).
BIC of Raiffeisen Polbank and its components are shown in the table below.
|Bank BIC Code||RCBW|
|Country Code||PL (Poland)|
MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.
The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.
MFI ID of Raiffeisen Polbank is shown in the table below.
Bank Sort Code is a code that uniquely identifies a financial institution within a country. Bank sort codes are usually assigned by National Central Banks and differ from BIC codes.
|Bank Sort Code||17500009|