Hungarian banks provide a comprehensive range of banking services, including account management, currency exchange, pension funds, insurance and mortgages.

In most cases, it is necessary to have a valid residence permit and address card in order to open a bank account. Some banks allow foreigners to open an account with just the presentation of a passport.

Usual costs of opening an account include:

• Opening fee
• Bank card fee
• Account management services

For different currencies, it is necessary to open a separate account.

In case you are wondering about which bank you should choose, you might opt for OTP and MKB, since SZTE has a special agreement with them.

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