Money Transfer from UK Accounts to Erste Bank
UK bank account money transfer to forint at Hungary’s Erste Bank, save cash and use a FX broker for a better currency exchange rate. The best alternatives for sending funds from the UK to a Erste Bank account in Hungary, a currency broker will also save you time on the transaction.
About Erste Bank
Erste Bank Hungary ZRT is the second largest banking groups in Hungary and is part of the Austrian Erste Group Bank AG. Erste Bank began in Hungary through the acquisition of the state owned of Mezobank in 1997 and as at 2012 Erste Bank Hungary has over 200 branches, 410 ATM’s and 900,000 Hungarian customers.
Erste Bank Hungary GBP and HUF Exchange Rates
|Bank Name | FX Broker Comparison||FX Rate||GBP to HUF||FREE QUOTE|
|Erste Bank Hungary||*2.7%||404.331 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 Erste 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 Erste 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 Erste Bank
To transfer funds abroad from your Erste 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 Erste Bank branch.