Frequently Asked Questions

• What's the cheapest way to send money from Germany to Hungary?

  The cheapest way to send money from Germany to Hungary is through an online provider. Among the 12 available, Paysend was most often the cheapest provider (in 69.8% of the searches on Monito.com in the past 3 months).

• What are the best providers to send money from Germany to Hungary?

  Here are the providers that were the most often the cheapest in the comparisons of the past 30 days on Monito.com:

  • Paysend (cheapest in 69.8% of the searches)
  • MoneyGram (cheapest in 14.6% of the searches)
  • Revolut (cheapest in 8.0% of the searches)
• How much does it cost to send money from Germany to Hungary?

  If you send money with the cheapest available provider, the total cost of a EUR-HUF transfer was 0.5% of the transfer amount (including all fees and exchange rates) over the past month.

  In contrast, the cost of the most expensive option was 13.8%.

• What is the cost of making an international transfer from Germany to Hungary using my bank?

  The average total cost (including hidden exchange rate markup) of making a EUR-HUF transfer with banks compared by Monito.com during the past months was 10.9% of the transfer amount. This is 24.3x more expensive than sending money with the cheapest online provider alternative.

  For a 300 EUR transfer, this represents a saving potential of around 31.4 EUR.

• Is Western Union a good option for sending money from Germany to Hungary?

  Western Union is a popular provider, with the biggest agent location network. The average cost of online money transfers from Germany to Hungary with Western Union* is 4.3% of the amount you send, whereas the cheapest online services have an average cost of 0.5%.
  
  MoneyGram is the provider that is most often the cheapest for money transfers to a cash pick-up location in Hungary.
  
  *Sending money from physical agent locations with Western Union is usually much more expensive than using their online service.

• What's the cheapest provider to send money from Germany to a cash pick-up location in Hungary?

  Over the past 3 months, the provider that was most often the cheapest for cash pick-up transfers in Hungary was MoneyGram, with an average cost of 5.0% of the amount you send (includes fees + exchange rate margin).
  
  The average total cost to send to a bank account rather than to a pick-up location during the same period was 0.5%. Paysend was the provider most often the cheapest for transfers to bank accounts in Hungary.

• What is the fastest option to send money from Germany to Hungary

  The provider that was most often the fastest provider in comparisons of the past 30 days was CurrencyFair (average fastest transfer time: In minutes)