CIB Bank Hungary overseas euro money transfer alternatives
You can beat CIB Bank exchange rates when making a Forint (HUF) money transfer to or from an overseas bank and your account in Hungary – (Expats also use this service to send forints, euros, UK pounds and other popular currencies back to their Hungarian accounts at CIB Bank).
CIB Bank Hungary – Forint (HUF) vs European Currency Exchange Rates
| CIB BANK HUNGARY | MIN. TRANSFER | SPEED | *GUIDE RATES | INFORMATION |
|---|---|---|---|---|
| GBP £ - to HUF | NO MINIMUM | 5/7 DAYS | Ft 434.25 | MORE DETAILS |
| GBP/HUF (BROKER RATES) | FROM £100 | 1 DAY | Ft 453.906 | MORE DETAILS |
| HUF Ft - to GBP | NO MINIMUM | 5/7 DAYS | £0.002 | MORE DETAILS |
| HUF/GBP (BROKER RATES) | FROM £100 | 1 DAY | £0.002 | MORE DETAILS |
| HUF Ft - to CHF | NO MINIMUM | 5/7 DAYS | Fr 0.002 | MORE DETAILS |
| HUF Ft - to CZK | NO MINIMUM | 5/7 DAYS | Kc 0.061 | MORE DETAILS |
| HUF Ft - to DKK | NO MINIMUM | 5/7 DAYS | kr 0.018 | MORE DETAILS |
| HUF Ft - to EUR | NO MINIMUM | 5/7 DAYS | €0.002 | MORE DETAILS |
| HUF Ft - to NOK | NO MINIMUM | 5/7 DAYS | kr 0.028 | MORE DETAILS |
| HUF Ft - to PLN | NO MINIMUM | 5/7 DAYS | zl 0.01 | MORE DETAILS |
| HUF Ft - to SEK | NO MINIMUM | 5/7 DAYS | kr 0.028 | MORE DETAILS |
POPULAR HUNGARIAN FORINT (HUF) EXCHANGE RATES – CHF CZK DKK EUR GBP NOK PLN SEK
UK pound sterling (GBP) to Hungarian forint (HUF) currency rates are updated daily at 09:00 GMT.
Exchange rates can sometimes change and sadly banks do not always inform us when they alter them (especially if they raise exchange rates, rather than lower them). A lower foreign exchange rate will typically get you a better deal when sending 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.
About CIB Bank
CIB Bank Hungary was established in 1979 and is a subsidiary of the Italian banking group Intesa Sanpaolo. CIB Bank is among the largest banks in Hungary and a key financial institution on the Hungarian market with over 90 branches covering the entire country. CIB Group provides full financial products and services for more than 500,000 private and business customers.
Hungarian Forint Transfer to/from CIB 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 CIB Bank account v Currency Brokers
1: Bank money transfer information: For overseas money transfers, you will need to be an existing bank account holder with this provider to use their services. 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 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 CIB Bank
To transfer funds abroad from your CIB Bank account, you have to give the beneficiary’s IBAN and BIC to the bank. International transfer requests can be submitted by fax as long as you have signed a request at your local CIB Bank branch.
