Transfer Money to Hungary

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About Money Transfers to Hungary

Transferring money to Hungary? Here you will find the most comprehensive list of quotes, tailored to your individual needs and developed to guarantee you the best deals when sending Hungarian Forint. We make it our mission to provide you with the best rates and deals, ensuring that the service we supply is unequaled.

Perhaps you are looking to purchase a holiday home in cultural Budapest or sending money to relatives in Debrecen, whatever the reason for your money transfer, we will help you save a significant amount of time and a large amount of money when sending money to Hungary.

Last updated: May 08, 2014 Our methodology

Quick Facts: Hungary

Key information for sending money to Hungary

Transfer Speed
2 working days
Local Currency
HUF
Income Tax Rate
16%
Avg. Property Price/m²
340,975.61 HUF
Avg. Monthly Rent (3 bed)
111,470.59 HUF
IBAN Required
Yes

Money Saving Tips for Hungary

Expert advice for your international transfer

For short stays to Hungary, nationals outside of the EU can stay in Hungary for up to 90 days as long as they do not take employment.

Foreign nationals can buy property in Hungary after applying to the local Metropolitan Administrative Office, which requests a fee for authorisation.

Prospective expats must provide the local government office with their place of residence and to notify of any change in their address until residence is approved.

Hungary has a reciprocal health agreement whereby British expats can have free healthcare.

What You Need to Send Money to Hungary

Checklist of recipient bank details required

IBAN e.g. HU42117730161111101800000000
International Bank Account Number
SWIFT/BIC Code e.g. BANKHUXX
Bank identifier for international transfers
Account Number
Recipient's bank account number
Account Holder's Name
Full name as it appears on the bank account

Popular Banks in Hungary

Commerzbank MKB Bank UniCredit Bank Hungary ING Bank Erste Bank Hungary KDB Bank

"When sending money to Hungary, always compare multiple providers. The exchange rate is important, but don't forget to factor in transfer fees and delivery times. For larger amounts, even small rate differences can translate to significant savings."

— MyCurrencyTransfer Editorial Team

Frequently Asked Questions

Common questions about sending money to Hungary

What is the cheapest way to send money to Hungary?

The cheapest way to send money to Hungary depends on your transfer amount. For larger transfers (over £1,000), specialist providers like Wise or OFX typically offer better rates than banks. Compare providers above to see which offers the best deal for your specific amount.

How long does it take to transfer money to Hungary?

Most transfers to Hungary are completed within 1-3 working days. Some providers offer same-day or next-day delivery for an additional fee. The exact time depends on the provider, payment method, and whether the recipient's bank processes weekend transfers.

What information do I need to send money to Hungary?

You'll typically need: the recipient's full name (as it appears on their bank account), their bank account number, the bank's SWIFT/BIC code, and for some countries an IBAN. You may also need the recipient's address and the bank's name and address.

Are money transfer services safe to use?

Yes, the providers we compare are regulated by the Financial Conduct Authority (FCA) or equivalent regulators. They must keep your money in segregated accounts and follow strict anti-money laundering procedures. Always check a provider's regulatory status before sending money.

Should I use my bank to send money to Hungary?

Banks are generally more expensive for international transfers due to higher exchange rate margins and fees. Specialist money transfer providers typically offer rates 2-4% better than banks. Use our comparison to see how much you could save.

How to Transfer Money to Hungary

  1. Compare providers

    Use the comparison table above to find the best exchange rate and lowest fees for your transfer amount.

  2. Create an account

    Click through to your chosen provider and register for a free account. You'll need your email address and basic personal details.

  3. Verify your identity

    Upload ID documents as required (passport, driving licence, or national ID). Most providers verify within 1-2 business days.

  4. Enter recipient details

    Add your recipient's bank account details including their name, account number, and SWIFT/BIC code.

  5. Fund and track your transfer

    Pay by bank transfer or debit card, then track your money until it arrives. Most transfers complete within 1-3 working days.