Banking in Hungary

List of the main banks in Hungary

• OTP Bank: https://www.otpbank.hu/portal/en/Retail

• UniCredit Bank: https://www.unicreditbank.hu/en/individual.html

• K&H Bank: https://www.kh.hu/web/eng

• Raiffeisen Bank: https://www.raiffeisen.hu/web/english

• MBH Bank: https://www.mbhbank.com/

• CIB Bank: https://www.cib.hu/en/Maganszemelyek

• Gránit Bank: https://granitbank.hu/bankunk/en/

Opening a bank account in Hungary

If you want to open a bank account, visit your local branch (and try to avoid doing it during the morning rush or close to closing time). Prepare for a wait while they find someone with extensive enough English to help you out. Or you can take someone who speaks Hungarian with you to speed up the process. Some branches require a native Hungarian speaker with you for translation, however some of the branches (especially in the city center) do not require a translator as they have staff who speaks English. As a foreigner, all you'll need is your passport or national ID card and, if you're from outside the EU/EEA, a valid travel document or visa (right of residence). You'll also need a local phone number and address (proof of residence).

Good to know

All the major banks have web and mobile apps, most with English versions. So, once your account is set up, you should be able to do everything else going forward online.

Revolut is another popular financial app that’s now a licensed bank (via Lithuania). Like Wise, you can get local bank account details for GBP, EUR, and USD.

Within the framework allowed by law, you can withdraw cash up to HUF 150,000 from ATMs in Hungary free of charge on the first two occasions per month, from the bank account set by you.

Do not forget to close the bank account when you are leaving the country for good.