Opening an account with BOS Bank

13.07.2018

The name of the bank BOS stands for a “Bank Ochrony Środowiska”, which means a “Bank of the Environmental Protection”. It was founded in 1997. Opening an account with BOS is tantamount to receiving a reliability - all money is protected under the wing of the Bank Guarantee Fund. BOS Bank customers benefit from soft loans, that support the development of their business.

If you want to open an account in Poland, one of the options is to open an account with BOS bank.

Bank Ochrony Środowiska or a Bank for the Environmental Protection is a specific Joint Stock Company. It specializes in the environmental protection, it is guided by the good of its customers and the environment. The canon of corporate values of BOS Bank is based on the word “Care”, which embodies the most important messages and recommendations: a durability, a reliability, an environmental protection, a social responsibility, a customer and the activity.

Documents, required to open an account WITH BOS:

a notarized copy of the passport;
a bank statement or a notarized copy of a foreign passport;
a beneficiary tax number;
apostilled documents;
a company tax number (not VAT).

All documents must be translated into Polish and notarized in Poland. Opening an account with BOS Bank is possible in two ways:

With a personal presence. To do this, you need to rent a house, to prepare a ticket, etc.
Without a personal presence. The trustee is involved in the process of opening an account.

BOS BANK TARIFFS

1 PLN = 0,25 USD

The cost of banking services is 99 PLN/month.
A regular SWIFT transfer is 0,25% of the transfer amount, a commission: minimum 40 PLN and maximum 250 PLN.
An urgent SWIFT transfer is 0,25% of the transfer amount, a commission: at least 90 PLN and at most 300 PLN.
An express SWIFT transfer for amounts from 50 000 USD/EUR is 0,25% of the transfer amount, commission: at least 190 PLN and at most 400 PLN.
A SEPA translation (is available only in EUR in EU countries) is 15 PLN/translation.
A Target quick transfer in EUR is 0,30% of the transfer amount, a commission: at least 50 PLN and at most 300 PLN.
A recommended minimum balance is 300 EUR.

A cost and terms

The term for opening an account with BOS	5-7 working days with a full package of documents
Opening with presence\remotely	Remotely
A jurisdiction	Any jurisdiction
Limits on balances	No
Transfer limits	No
Transfer limits	No
Original documents	Submit before acceptance
Request for transaction documents	Flexible
A Certificate of Incumbency/CGS - under the apostille	CGS/extract from the registry - on the companion-manager 6 months
Documents for the corporate director/founder	Not required
Documents for individuals	Sometimes they ask for a passport and a proof of address (in the scan)