Head of International Corporate Law and Fintech Practice
Expert in fintech, crypto, and international corporate law with over 20 years of experience. Specializes in crypto licensing (VASP/CASP), iGaming business support, and international structuring, asset protection, and OSINT analytics for risk assessment and due diligence.
Opening a bank account for legal entities in Hungary
Hungary is one of the most attractive countries in Europe for doing business. With a stable economy, favorable tax environment and membership in the European Union, the country offers significant advantages for investors.
Opening a bank account is a key step in starting a business in Hungary, as it allows you to effectively manage your finances and carry out the necessary transactions around the world.
However, this process can be difficult for foreign entrepreneurs due to the specifics of Hungarian legislation and bank requirements.
In this article, we will look at all aspects of opening a bank account for legal entities in Hungary, including the required documents, procedure, requirements and possible difficulties. Our goal is to provide practical and understandable information that will help you successfully go through this process.

How to open a bank account for a company in Hungary?
Opening a bank account for legal entities in Hungary is a necessary step for companies planning to do business in this country. A bank account allows you to carry out financial transactions, settle payments with partners and clients, and comply with the requirements of Hungarian law.
Opening an account requires understanding local regulations, preparing the necessary documents, and interacting with your chosen bank. The procedure can be quite formal, but with proper preparation, it can be completed quickly and without problems.
What documents are required?
To open a bank account in Hungary, a legal entity must submit the following documents:
- The company’s founding documents: charter, registration number, registration certificate.
- Documents about the directors, owners and ultimate beneficiaries of the company: copies of passports, confirmation of residential address.
- Company tax number in Hungary (or proof that the company is registered for tax purposes).
- The founders’ decision to open a bank account.
- Licenses or permits to carry out activities (if necessary, in case of conducting sub-licensed activities).
- Confirmation of sources of funds, or previous agreements with contractors and counterparties.
- The bank may request additional documents depending on the type of company’s activity or its structure.
Basic requirements
- Transparency of company activities
The bank checks whether the business complies with the law and is not involved in risky or prohibited activities.
- No problems with documents
All documents must be up-to-date, translated into Hungarian, and notarized.
- Verification of the identity of owners and directors
The bank may request a meeting with the company owners or representatives.
- Local address
In many cases, the company must be registered in Hungary.
Opening procedure
- Choosing a bank. It is recommended to choose a bank that has experience working with foreign clients.
- Preliminary consultation. Before submitting documents, it is advisable to seek advice from a bank manager.
- Preparation of documents. All documents must be translated, certified, and submitted to the bank.
- Meeting at the bank. Hungarian banks personally invite company representatives, usually directors, to undergo personal verification.
- Application review. The bank checks the documents and makes a decision on opening an account.
The process can take from a few days to a few weeks.
How much does it cost to open a bank account in Hungary?
The cost of opening a bank account depends on the bank you choose and the services you order.
Typically, the costs include:
- Account opening fee. The amount can vary from 100 to 500 euros.
- Account maintenance fee. The monthly fee is on average 10-50 euros.
- Additional services. For example, online banking, consulting, or foreign currency services.
- For personal support from a Hungarian-speaking lawyer throughout the entire account opening process, please contact our company directly by phone numbers, email, or leave a request on the website and we will contact you.
The main difficulties when opening an account by legal entities
- Language barrier
Most banking documents are drawn up in Hungarian, so the help of a translator or consultant is required.
- Long verification process
Banks carefully check documents and may request additional information.
- Business transparency requirements
Companies with non-standard or high-risk activities may face rejections.
Is there an alternative to a bank account?
An alternative to opening a traditional bank account is to use accounts with financial technology companies (e.g. Wise, Revolut, PAYONEER). Such accounts are usually opened faster and with fewer documentation requirements, but have limitations in use, such as the lack of cash handling capabilities.
I would like to note that the law firm “Prikhodko & Partners” is a direct partner of the financial technology company “PAYONEER”, which allows us to open accounts in this payment system with the best service conditions and create favorable working conditions.
How do we help you open a bank account in Hungary?
The law firm “Prikhodko & Partners” provides a full range of services to support the opening of a bank account in Hungary.
Our services include:
- Consultations. We provide comprehensive information about bank requirements and help you choose the best option.
- Document preparation. We ensure the correct preparation, translation, and certification of documents.
- Support during interactions with the bank. Our Hungarian-speaking lawyers assist during meetings at the bank and consideration of the application.
- Accounting support. We provide complete accounting of the company’s financial transactions.
Contact Prikhodko & Partners — we will make the process of opening a bank account in Hungary as simple and convenient as possible for you!
Calculate the cost of services
1 question
Do you have experience working with banks in Hungary?
2 question
Do you have a ready-made business in Hungary?
3 question
Do you need advice on opening an account for a legal entity in Hungary?
You may also need:
REGISTRATION OF A BUSINESS (FIRM) IN THE UK
Read moreOpening an account in a foreign bank
Read moreREGISTRATION OF A BUSINESS (FIRM) IN THE CZECH REPUBLIC
Read moreREGISTRATION OF A BUSINESS (FIRM) IN POLAND
Read moreOPENING A BANK ACCOUNT FOR A GAMBLING BUSINESS
Read moreCompany Registration in the UAE
Read moreBrand name registration
Read moreOpening a crypto-friendly account
Read moreCompany Registration in Austria
Read moreOPENING A BANK ACCOUNT IN AUSTRIA
Read moreOPENING A BANK ACCOUNT IN GREAT BRITAIN
Read moreOPENING A BANK ACCOUNT IN ESTONIA
Read morecall back
during the day
Compensation for moral, material damage
Protection of honour, dignity, and business reputationContract Development for Business and Legal Entities
Licensing of business activities
Compensation for moral, material damage
Legal services in the field of cryptocurrency and blockchain
REGISTRATION OF COMPANIES AND OPENING OF BANK ACCOUNTS
Sale and purchase of ready-made firms
Grants and attracting investment
Business registration and support in Great Britain
Business registration and support in Switzerland
Business registration and support in the EU
Business Registration and Support in the Gulf Countries (GCC)
Business registration and support in Turkey
Business registration and support in USA
Lawyer for administrative cases
Legal services for medical businesses and doctors
Protection of honour, dignity, and business reputation
Real estate transaction support
Escort of the tender participant
Trial lawyer: support and defense in court
European Court of Human Rights (ECHR)
