Bank account opening

All students enrolled in a Hungarian higher education institution are advised to open a Hungarian bank account. Don’t waste time and energy running to and from different banks, dealing with confusing paperwork and even more confusing linguistic barriers, or worry whether you made the best possible deal. Open your bank account with the help of ISS Budapest free of charge! Get an appointment, or just simply come by our office!

 

Why you need a Hungarian bank account?

-it is much cheaper to withdraw money from an ATM, most banks in Hungary offer 2 or 3 free withdrawals/month. (With your foreign card this cost could easily be 5-6 euro/withdrawal)

-if you lose your bank card, it is much easier to get a new one through a Hungarian bank, than communicating with your bank at home and travelling home for the new card.

-maintaining a Hungarian account is really cheap (approx. 2 euro/month), but using your foreign account your monthly fee could easily be 10-20 euro/month with all the withdrawals etc.

-using your card for shopping is free of charge in Hungary

- you may also have a foreign currency account with your regular account, so you can receive euro or dollar as well, this way you can walk in the bank and take out the currency that you desire. (It’s not possible to withdraw foreign currency in most ATMs, so this would be problematic for you with your account from home, since it always changes your currency to Hungarian Forints)

-if you receive foreign currency from abroad to your Hungarian account you can get the best rate, better than any money exchange can offer.

In order to open a bank account you will need to bring your Passport, Hungarian address card and possibly your Hungarian mobile phone number!

Get in touch!

If you're interested in these services and you have questions or you'd like to get more information, don't hesitate to contact our staff!

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