Foreign transfers

About the product

Foreign transfers will allow you to settle payments in foreign currency or in PLN to a beneficiary who has an account at a foreign bank or execute a transfer in foreign currency to a beneficiary at a domestic bank.

We offer SEPA transfers, TARGET2 express transfers and traditional foreign transfers. SEPA transfers to UE countries, Iceland, Norway, Liechtenstein and Switzerland are executed in EUR with the D+1 value date. TARGET2 express transfers are payments in EUR sent with the D+0 value date. 

Using SWIFT standard for foreign transfers you can indicate value date of payment: 

  • standard (D+2) or (D+1) – depending on currency,
  • urgent (D+1) or
  • express (D).


  • International receivables and payables settled quickly and easily.
  • Non-standard execution times of transfers.
  • Extended cut off times - outgoing foreign transfers, depending on type, accepted until 4:00 PM; incoming foreign transfers accepted until 5:30 PM.
  • Online transfers executed in the TARGET2 system.
  • Flexible deduction of fees.
  • Transfers in about 130 foreign currencies.
  • Transfer orders submitted at the Bank's branch and through Millenet.



Channels of access to product information


Wherever you are, with internet access, you can check account balances and history on a 7/24 basis, also viewing information concerning other products i.e.: cards, loans, guarantees and letters of credit, standing orders or term deposits.

Corporate Branch

Get detailed information about Bank Millennium products by contacting Advisors in the Corporate Banking network.

Contact with Advisor

By phone

Our Consultants will provide you with detailed information and will carry out your instructions. 

801 31 31 31
line available for fixed-line and mobile calls

Related products

Settlement account

Effectively manage financial flows in a company and benefit from the Bank's comprehensive product range.

Domestic transfers

Convenient and effective settlements in domestic transactions.

Mass transfers

One debit, many payments, confidentiality of data.

Questions and answers

  • 1. What is the TARGET2 system and how can I perform a transfer through the system?

    TARGET2 is a pan-European system of real time settlements in EUR. TARGET2 enables execution of transfers in EUR to any bank, not necessarily European, as long as this bank is TARGET2 member, within around 15 minutes. Every EUR transfer at Bank Millennium tagged as "express" and with  beneficiary bank in TARGET2 automatically goes through this system.


  • 2. What are MT101 transfers?

    MT101 is a kind of international direct debit - allows to debit a different foreign or domestic account with a foreign or local currency amount. MT101 is most often used by international capital groups for centralized company liquidity management. Bank Millennium will provide this service under an individual contract.


  • 3. When will the beneficiary receive a foreign transfer sent through Bank Millennium?

    Foreign transfers are executed on the order date, with a D+2 or D+1 or earlier value date, depending on the selected execution mode. But remember that the value date is actually the date of receipt of funds by the beneficiary bank, so the time of transaction booking also depends on transfer settlement rules in  this bank.