How to send money to Hungary
Discover how to make a money transfer to Hungary at the most competitive cost in four easy steps
1. Make sure the Hungarian forint mid-market rate is at your advantage
Even though the currency market is uncertain, it can help you save money to monitor it to optimize how many the recipient of your transfer will receive. You should set-up smart alerts to stay on top of the evolution of the HUF exchange rate.
2. Make your choice among the more than thirty companies available for transfers to Hungary to find the best option.
There are many providers to transfer money to Hungary, such as TransferGo, TransferWise, Western Union, MoneyGram, CurrencyFair. Optimize your transfer by comparing all your options and go with the best deal for your transfer.
3. Choose the best money transfer company for your personal needs
What is the most important for you? Price, time for the money to arrive, number of positive evaluations? Consider the pros and cons before deciding which provider to use.
In addition, you may want to have a look at the payment solution and pay-out options. You will often have money transfer companies giving you the option to wire the money from your bank account, others will also give you the option to pay by credit and debit cards. On the recipient's side in Hungary, select the right option, whether you need the amount in HUF to be transferred to your recipient's account or available for pick-up in cash at an agent location.
4. Sign up and get started wih your transaction with the company of your choice
It is now time to sign up on the provider's website - be aware you will often need to upload an ID document and/or a proof of adress - and configure your money transfer to Hungary.