OPENING A BANK ACCOUNT IN HUNGARY

Opening a bank in Hungary is a necessity if you plan to do business, work or live in this country. In general, the banking system of Hungary is not complicated, and subordination to the European Union establishes additional guarantees of the safety of bank deposits.

In general, the account opening procedure takes an average of 10 days.

Opening a bank account in Hungary: procedure and Benefits for Ukrainians

Opening an account in a Hungarian bank provides the following opportunities:

Membership in the European Union indicates that the Hungarian banking system is characterized by a stable financial and budgetary system. There are a large number of banks that offer electronic banking, and therefore any operations on the account can be carried out remotely.

What documents are required to open an account in Hungarian banks:

An individual must provide the following package of documents:

Passport or Hungarian ID card. Each application is considered separately, they may additionally request address registration and documents confirming your right to reside in Hungary (temporary protection permit)

A legal entity must provide the following package of documents:

• corporate documentation for the enterprise according to European legislation (certificate of incorporation, founding agreement, charter, status of the firm, tax number, register of beneficiaries, annual financial report);
• certificates for participants and managers (copies of passports, place of registration, questionnaires and resumes);
• a business plan, which includes the purpose of opening an account and a detailed description of economic activity);
• recommendations from partners (optional).

All documents must be translated into Hungarian. Translated certificates must be certified by a notary public or through affixing an apostille.

The best bank for opening an account in Hungary (simplified procedure and service rates)

• K&H;
• Erste;
• Budapest Bank;
• MKB;
• CIB

Is it possible to open an account online?

Yes, it is possible to open a bank account online, for example online bank George, in it you can do everything remotely

Assistance in opening a bank account in Hungary

Opening and maintaining an account in a Hungarian bank is one of the main activities of our lawyers and economists. Sign up for a consultation and see for yourself the professionalism.

Importantly! On the websites of many banks, there are hotlines that you can call and find out all the information yourself, but you may encounter the problem of not understanding the Italian language or Italian banking terminology. That is why we recommend that you book a consultation with our lawyers before contacting the banks.