NewsCase StudiesEvents

Banking in Hungary


Banking in Hungary

Hungary Business Experts

Recent forum posts


  1. Which free zone in the UAE is the most cost-effective

    When it comes to starting a business in the UAE, both the free zones and the mainland offer a fantastic environment with plenty of prospects for new businesses. If a person wanted to create a business linked to general trading in a free zone area, the best free zone in terms of cost would be Um Al-Quwain.Sharjah Media City (Shams) is also a leading media and digital hub with cutting-edge facil

    Total Posts: 1 Last post by tvgconsultancy1

  2. Do You Need A Financial Help

    Do you need Finance? Are you looking for Finance? Are you looking for finance to enlarge your business? We help individuals and companies to obtain finance for business expanding and to setup a new business ranging any amount. Get finance at affordable interest rate of 3%, Do you need this finance for business and to clear your bills? Then send us an email now for more information contact us Than

    Total Posts: 1 Last post by serviceoffer

Banking in Hungary

There is big competition between banks for the business of foreign investors and entrepreneurs, and a wide range of banking services is available. They are particularly friendly toward medium and large businesses. Smaller companies commonly find it less easy to obtain credit, but this is slowly changing, and reasonable rates are slowly being introduced.

To open a bank account, you will need to provide the following documentation:

  • Form of identification (passport)
  • Proof of address (bill, tenancy agreement, etc)

Banks are commonly open Monday to Friday between 0830 and 1230, and on Saturdays between 0830 to 1130.

To acquire a credit card you may need to make an up-front deposit of up to 80% of the card's spending limit.

You will find that most credit and debit cards (Visa, MasterCard) are accepted. However, small shops mostly just accept cash. Cash machines are available, although not as prolific as in other western countries.


Click here to Ask an Expert about Banking in Hungary

Organisations that can assist with Banking

You are not logged in!

Please login or register to ask our experts a question.

Login now or register.