Money Transfer from UK Accounts to Budapest Bank
Save cash and time when sending a UK bank account money transfer to forint at Hungary’s Budapest Bank, use a FX broker for a better currency exchange rate. The best alternatives for sending funds from the UK to a Budapest Bank account in Hungary, a currency broker will also save you time on the transaction.
About Budapest Bank
Budapest Bank was established in Hungary in 1987 and is a financial subsidiary of GE Capital which is part of the American corporation General Electric. Today Budapest Bank has more than 100 branches in Budapest and across Hungary. The bank offers offers banking services including saving accounts and similar financial services to individuals and business customers.
Budapest Bank GBP and HUF Exchange Rates
|Bank Name | FX Broker Comparison||FX Rate||GBP to HUF||FREE QUOTE|
|Budapest Bank||*3.0%||403.084 info||Enquire|
UK pound sterling (GBP) to Hungarian forint (HUF) currency rates are updated daily at 09:00 GMT.
*Note: A lower FX Rate will give a better exchange rate when transferring money to/from Hungarian forint. The recommended foreign exchange companies listed on our website can save you money and time with your international currency transfer requirements.
Hungarian Forint Transfer to/from Budapest Bank in Hungary
Making a transfer to or from Hungarian forint using a bank service could potentially lose you thousands of pounds due to the poor FX margin rate offered. Private currency brokers offer a much more competitive rate of exchange. Example: Currency broker TorFX are one of the UK’s leading and largest foreign currency exchange specialists assisting private individuals and businesses with their foreign currency transfers to and from most countries worldwide.
UK bank to Budapest Bank account v Currency Brokers
1: Bank money transfer information: General Guidelines – High street banks also charge a commission fee when sending money abroad into another currency – Private brokers offer commission free currency transfers typically over a value of £5000 or 2078167.8 Hungarian forint. Bank transfer commission fees range from £15 to £30 depending on the bank.
2: Unless you pay a premium, high street banks will take from 3 to 7 days for your funds to arrive at the destination bank. Private foreign exchange companies typically complete the transaction between 1 to 3 days.
Sending Money Abroad with Budapest Bank
To transfer funds abroad from your Budapest Bank account, you have to give the beneficiary’s IBAN and BIC to the bank. International transfer requests may be submitted by fax as long as you have signed a request at your local Budapest Bank branch.