PKO BP is issuing a warning. It's your PESEL number

In Poland, more and more people decide to reserve their number PESELto defend your individual data from fraud. That's what they've decided to do. over 5 million Poles. Although this is simply a step towards greater security, the reservation of the PESEL number besides involves any restrictionswhich may affect regular financial life. It is worth reading these issues to avoid unpleasant surprises. PKO Bank Polski, 1 of the leaders of the banking sector, prepared a summary of the most crucial information on how the reservation of PESEL could affect access to banking services and what the consequences are.

What is simply a reservation for a PESEL number?

The reservation of the PESEL number is simply a process that allows 3rd parties to block the anticipation of utilizing the number, which is peculiarly crucial in terms of protection against identity theft and financial fraud. The main nonsubjective is to prevent unauthorised persons from taking action in your name, specified as borrowing Or loans. The number reservation can be done utilizing the application mCitizen or on the portal == sync, corrected by elderman ==and straight at the municipal offices.

What changes does the reservation of PESEL bring?

Although PESEL's reservation is an crucial protection against frauds, it besides involves restrictions on access to certain banking services. PKO BP recalls that people who have reserved their PESEL number will encounter any difficulties in utilizing classical financial products. Here are the most crucial ones:

1. Opening a bank account – it is not possible if the PESEL number is reserved. The client will not be able to cooperate with the bank.
2. Loans and loans – those who have reserved the PESEL number will not be able to take credit or loan, even if they want to usage another banking products.
3. Electronic banking – people with reserved PESEL will not be able to set up an online bank account or usage services Internet banking.
4. Cash withdrawals – if you want to pay in bank facility an amount greater than 3 times minimum salary (in 2024 it is PLN 3600 gross), the transaction will be blocked on 24 hours. That means that if the client wants to pay more, he has to wait for her approval by the bank.

What happens erstwhile you want to reverse the reservation?

The PESEL number may be reserved at any time Undo. This is simply a process that allows the return to full availability of financial services. A individual who decides to apply for a debt or to open an account may re-proclaim the PESEL number upon completion of this procedure. This gives users flexibility to full defend data whenever they request it.

How does the reservation of PESEL affect the joint owners of accounts?

In case of shared accounts (e.g. a corporate account or an account for 2 persons), the reservation of the PESEL number applies only to the individual with the reserved number. If 1 of the co-owners of the account reserves PESEL, it will not be able to execute certain account related activities specified as opening fresh account is lending of money. In turn, withdrawals of cash from the shared account are dependent on the individual paying. This means that only the individual to whom PESEL is reserved will have limited opportunities to carry out the transaction. In case of attorneys an additional verification of the PESEL numbers of all co-owners of the account is required.

PESEL reservation and regular financial life

Although the reservation of the PESEL number is simply a very effective protection against extortion of loans or loans, there are many restrictionswhich may origin this to be associated with any difficulties in everyday life. In particular, the PESEL reservation may be problematic for those who regularly usage banking services or plan to usage financial products in the close future.

Despite the popularity of banking services Electronic banking and mobile payments, and various forms of safety (e.g. confirmation of identity biometry) are offered, the reservation of PESEL remains 1 of the most effective means of protection against identity theft. It is worth noting that specified a safety is not only a blockade for fraudsters, but besides an additional step that makes regular financial life a small more complicated.

PESEL reservation — decision to consider

Therefore, it is worth considering carefully whether the reservation of the PESEL number is indeed the best option, especially since this involves hard access to certain banking services. For those who have no concern of leaking individual data, the alternate may be use of additional safeguards offered by banks, specified as two-stage authorisation is credit card blocking.

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