CIB BANK HUNGARY – HUF vs GBP/EUR EXCHANGE RATES
Compare CIB Bank HUF currency transfer options to/from Hungary. You can beat CIB Bank exchange rates when making a Hungarian forint money transfer or overseas payment, save time, money and get the best deal.
| CIB Bank | HUF to GBP | HUF to EUR | Minimum Transfer + Fee | TrustScore (Trustpilot) | More Details |
|---|---|---|---|---|---|
| Currencies Direct | £0.002 to £0.002 | €0.002 to €0.002 |  |  | |
| TorFX | £0.002 | €0.002 |  | | |
| Wise | £0.002 to £0.002 | €0.002 to €0.002 |  | | |
| CIB Bank | £0.002 | €0.002 | |  |  |
CIB Bank Hungary International Money Transfers
International currency transfers to or from your CIB Bank account in Hungarian forint, UK pounds, the euro and many other popular currencies will involve a margin or exchange rate of around 5.0% and additional bank transaction or commission fees may apply.
CIB Bank international currency transfer rates are much higher than most money transfer providers (money transfer providers rates range between 0.45 to 1.0%).
Currency Transfer Alternatives – CIB Bank Hungary
Sending foreign currency to or from your CIB Bank account in Hungary needn’t be a complex matter, moreover, you can save time and money when you use a specialist currency broker instead.
Specialist foreign exchange companies including our recommended providers here can save you money and time on the transaction. Our recommendations are based on international coverage and office locations together with the lowest foreign exchange margin rates offered.
Example: A typical overseas currency transfer of 1,000,000 Hungarian forint (HUF) using CIB Bank services would have a transaction exchange rate margin of around 5.0% – or 50,000 HUF. Using a specialist broker, in this example TorFX – the exchange rate margin would work out at 0.7% – or only 7,000 HUF in total, which is a large saving over the bank service.
CIB Bank Hungary – Other Useful Information
International money transfers from CIB Bank could take longer to arrive than using a private currency exchange provider and you will also need to be an existing CIB Bank account holder to use their services. CIB Bank may additionally charge a flat rate commission fee when sending money abroad into another currency and bank transfer commission fees vary depending on the amount you need to transfer. Private brokers offer commission free currency transfers, typically over a value of £5000.
Unless you pay a premium, CIB Bank’s service will take from 5 to 7 days for your funds to arrive at the destination bank. Private foreign exchange companies typically complete the transaction either same day, or next day.
CIB Bank, Hungary – About
CIB Bank was created in 1979 and is the second largest bank in Hungary. With a branch network present in all parts of Hungary, CIB Bank has around 450,000 customers and is a subsidiary of the Italian Intesa Sanpaolo Group.
CIB Bank branch finder
Find CIB Bank branch addresses near you with our geolocation map search. Simply enter the bank name (and optionally a city or country) and the map will display the closest CIB Bank branches in your search area results.
Contact CIB Bank from abroad
You can find answers to everyday banking questions at CIB Bank online. If you can’t find the answer you’re looking for, you can call them from outside Hungary on +36 1 399 8888
CIB Bank Hungary – Head office address
CIB Bank Zrt – Medve u 4-14, Budapest, H-1027, Hungary
Still have questions?
Doing some research and evaluating options will ultimately save you time and money: Compare money transfer providers
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