Hungary Guide: Money

Our money guide provides information on bank accounts, money exchange, credit and debit cards and money transfers. If you need to open a bank account, we will explain how to do it - step by step.

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  Banking in Hungary

  Opening an account and legal issues

  If you are going to be living in Hungary for more than a few months you will probably find it necessary to open a bank account. If you are working and being paid in Hungary you will probably find you need to open an account to receive salary payments.

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  Hungarian bank accounts

  Types, services and charges

  There are various different types of bank accounts you can get in Hungary. In addition, there are some differences between the different types of services you can get from different banks, so shop around.

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  Taxation of Savings

  How is interest taxed?

  Since 1st September 2006, all savings generating interest are subject to taxation. The tax rate is 15% of the total sum of interest.

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  Paying for things in Hungary

  And how to transfer money

  The acceptance of traveller’s cheques and credit cards is not universal in Hungary. The presence of ATMs is increasing in Budapest and other major cities, but in less urban areas availability may be limited.

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