Currency card – a way to travel abroad – Loan repayment

When traveling abroad, we have several ways to manage our cash. We are aware that using our us dollar payment card will bring considerable costs. Read more at

So we have to look for alternative ways. We can, for example, exchange currency in Poland – in traditional exchange offices or online exchange offices or withdraw cash when leaving the ATMs.

We wrote here about how much it costs to withdraw from ATMs abroad: WITHDRAWALS FROM ATMES ABROAD. Today we will talk about accounts and currency cards – what are they and how can we use them? Let’s see!

What is a currency account?

What is a currency account?

The currency account is intended for people who make transactions in foreign currencies – they make currency transfers or pay in foreign stores.

By creating a currency account, we gain many possibilities. With its help, we can, among others make transfers in foreign currencies, deposit and withdraw cash, pay for goods and services in foreign online and traditional stores, and exchange currencies in e-exchange offices (on much more favorable terms).

Foreign currency accounts also allow you to repay the loan directly in foreign currency, which is a great solution for people who have such liabilities, e.g. for franchisees.

The currency accounts are supplemented by cards issued to them. What should we know about them?

What is a currency card?

What is a currency card?

While currency accounts can be kept in many currencies, cards are issued for bills in dollars, USDos or pounds. You can also connect several currency cards to your account, which will allow you to use them in various regions of the world without incurring gigantic fees. Unfortunately – choosing any additional currency is associated with having another card.

Thanks to currency cards, we will avoid currency conversion costs when paying in a given currency – exactly how much the item or service will cost from your account. If the bill for dinner in Italy is USD 100, this is the exact amount that will be charged to our account.

We will be able to pay in USD, USD or GBP in all places accepting transactions with Visa or MasterCard – including in hotels, restaurants, shops, museums, cinemas, and pubs. Cards issued to foreign currency accounts are equipped with PayPass and PayWave technology, enabling contactless payments.

They can also be issued to minors. Their biggest advantage is the lack of fees for a currency conversion (both during payments and withdrawals from ATMs), often zero issuing costs and the possibility of topping up (pre-paid currency cards).

In which bank will we get the currency card?


Cards for currency accounts offer, among others Good Finance, Honest Bank, Bank Millennium, Genbank, Good Lender or Thrift Bank. Detailed information about the conditions under which these cards are offered (and about currency transfers) is provided in the table below.

As we can see, issuing a currency card to the account is in almost every case free. The exceptions are Bank, which will charge USD 30 for such an activity, F-Mobile Banking Services, where a card costs USD 10, and Good Finance, which will charge USD 10 for a card.

The monthly fee for using the card varies, depending on the bank, from 0 to several dozen us dollars. We will avoid fees by choosing the Good Finance, Honest Bank, Thrift Bank, and Cooperative Bank cards. We will not pay anything in most banks for keeping a foreign currency account.

To sum up, currency accounts are currently included in the offer of almost every bank operating on the Polish market. However, it is worth paying attention to whether the institution also offers an account card.

This plastic can be our salvation in many situations – above all, we can pay with it abroad without the cost of currency conversion. However, we will get this product not only at the bank. We can also decide on the offer of online exchange offices, but we will write about them soon.