Money and banking

Money and banking

 Money and banking

The Polish currency is the New Polish złoty (PLN or zł). 1 złoty equals 100 groszy (gr). Exchange rates for the Polish złoty in January 2021 were as follows:

1 EUR ≈ 4,5 PLN    1 USD ≈ 3,8 PLN

You may safely exchange your currency in a bank or in a KANTOR, a Polish currency exchange office. Credit cards such as VISA, American Express, and Eurocard are accepted in hotels, banks, and larger shops in all Polish cities. Moreover, there are also ATMs (BANKOMAT) available in the streets, (some of them are also located on Campus) which may be used with most of the major cards. The list of cash dispensers in Torun may be found on the website

Banking hours are 8 or 9 a.m. to 6 p.m., Monday to Friday. If you would like to open a bank account in Poland, you need to present the following documents:

Please remember that you should inform your bank that you would like to close your bank account at least 30 days before your departure.


Poland is still quite a cheap country for travellers, though this largely depends on what degree of comfort you need, what kind of food you eat, etc. Foreign students should remember that if they want to travel, make phone calls abroad, and lead an active social life they will spend more than a few hundred złoty per month (excluding the costs of accommodation). You should have available a minimum of 2,000 zł with you when you arrive. This will cover your expenses for at least the first couple of weeks.

To give you an idea of the cost of living in Poland here are the approximate prices of some items in January 2021:


Place in a single room in a Student's House about 650 zł per month
Dinner in student cafeteria 20 zł
Milk 3 zł
Bread 4 zł
Butter 5 zł
Egg 0,9 zł
Apples 4 zł per kilo
Pizza 25-30 zł
Cigarettes 13-18 zł
Beer 5 zł (in shops; more in pubs)
Tram/Bus ticket 3,4 zł (45 minutes ride)
Cinema 16-30 zł
Daily newspaper 5 zł
Books starting at around 30 zł for Polish books;
more for foreign titles
Washing powder 15 zł
Toothpaste 10 zł
Shampoo 15 zł
Cheaper hotel 150zł

Guide for Visitors