How to Open a Bank Account in Hungary? – 2026 Guide

Step-by-step guide to opening a bank account in Hungary with documents, online banks, and kuikpara

How to Open a Bank Account in Hungary – 2026 Guide 💳

Opening a bank account is an important step for anyone planning to live, work, or study in Hungary. Thanks to the country’s modern and well-regulated banking infrastructure, financial transactions are safe and practical. This guide walks you through the process of opening a bank account in Hungary and alternative money transfer options. ✨

Why You Need a Bank Account in Hungary

Many daily and official transactions in Hungary require a bank account:

  • Rent payments 🏠

  • Salary or scholarship deposits 💰

  • Bills and subscriptions (electricity, internet, phone) 📶

  • Tax and social security procedures

Opening a bank account is especially helpful for students, employees, and long-term residents.

🏦 Types of Banks in Hungary

When choosing a bank in Hungary, there are three main options:

1. Traditional Banks (Branch Banks)

Banks such as OTP Bank, K&H Bank, Erste Bank, and UniCredit Hungary have widespread branch networks.

Advantages:

  • In-person customer service

  • Extensive ATM network

  • Loans, credit cards, and financial advisory services

2. Digital / Online Banks

Revolut, Wise, and N26 (limited usage) are popular digital banks in Hungary.

Advantages:

  • Fast and fully online application

  • Low or zero account fees

  • Easy-to-use mobile apps

3. Foreign and International-Friendly Banks

Revolut and Wise are popular among newcomers and students moving to Hungary.

📄 Required Documents to Open a Bank Account in Hungary

As of 2026, Hungarian banks generally request the following documents:

  • Passport or ID

  • Proof of address or residence in Hungary

  • Residence permit / visa (for non-EU citizens)

  • Tax number (Hungarian tax ID – required by some banks)

  • Proof of income or employment contract (may be required)

  • Student ID (for students)

Note: Online banks usually allow account opening with fewer documents via digital verification.

🛠️ Step-by-Step Process to Open a Bank Account in Hungary

  1. Choose a Bank – Select the bank and account type that suits your needs.

  2. Apply – Apply online or schedule a branch appointment.

  3. Verify Identity – Complete verification in-branch or via mobile app.

  4. Address Registration – Your card and account info are sent to your address.

  5. Activate Account – Start using your account once the card is delivered.

Before Opening a Bank Account in Hungary

  • Some banks may require a minimum balance from foreigners.

  • Traditional banks take longer than online banks.

  • Account fees vary by bank.

  • English-speaking services may be limited depending on the branch.

🚀 Send Money to Hungary Without a Bank Account – kuikpara

You don’t need a bank account to send money to Hungary. With kuikpara:

“Send money to Hungary for free without a bank account.”

kuikpara Advantages:

  • Fast and secure transfers

  • Low-cost and transparent transactions

  • Real-time transfer tracking ✅

You can easily send money from Turkey to your loved ones or business partners in Hungary.

📲 How to Use kuikpara

  1. Download the App 📱 – Available on App Store and Google Play.

  2. Create an Account ✍️ – Sign up quickly using your phone number and email.

  3. Verify Identity ✅ – Complete identity verification for secure transfers.

  4. Load Balance & Send Money 💸 – Instantly transfer money to a card, account, or person.

❓ Frequently Asked Questions (FAQ)

How long does it take to open a bank account in Hungary?

  • Online banks: 10–20 minutes

  • Traditional banks: A few business days

Can I open a bank account before moving to Hungary?

  • Usually not with traditional banks; some online banks may allow it.

Do I need a bank account to send money from Turkey to Hungary?

  • No. With kuikpara, you can send money quickly and securely without a bank account.