ERSTE BANK HUNGARY – HUF vs GBP/EUR EXCHANGE RATES
Compare Erste Bank HUF currency transfer options to/from Hungary. You can beat Erste Bank exchange rates when making a Hungarian forint international money transfer or overseas payment, save time, money and get the best deal.
| Erste 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 |  | | |
| Erste Bank | £0.002 | €0.002 | |  |  |
Erste Bank Hungary International Money Transfers
International currency transfers to or from your Erste Bank account in Hungarian forint, UK pounds, the euro and many other popular currencies will involve a margin or exchange rate of around 2.7% and additional bank transaction or commission fees may apply.
Erste 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 – Erste Bank Hungary
Sending foreign currency to or from your Erste 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 Erste Bank services would have a transaction exchange rate margin of around 2.7% – or 27,000 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.
Erste Bank Hungary – Other Useful Information
International money transfers from Erste Bank could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Erste Bank account holder to use their services. Erste 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, Erste 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.
Erste Bank, Hungary – About
Erste Bank Hungary has been a member of Erste Group since 1997, which was founded in 1819 as the first Austrian savings bank. Since then, Erste Group has developed into one of the largest financial services providers in the Eastern part of European Union, servicing 16.5 million clients in a network comprising nearly 2,900 branches in 7 countries (Austria, Czech Republic, Slovakia, Romania, Hungary, Croatia and Serbia).
Erste Bank branch finder
Find Erste 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 Erste Bank branches in your search area results.
Contact Erste Bank from abroad
You can find answers to everyday banking questions at Erste Bank online. If you can’t find the answer you’re looking for, you can call them from outside Hungary on +361 298 0222
Erste Bank Hungary – Head office address
Erste Bank – 1138 Budapest, Népfürdő u. 24-26, 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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