If you want to transfer money to friends or family in Hungary, you don’t need to deal with a complex and expensive process. Sending money from the UK to Hungary doesn’t have to be expensive. Compare the transfer fees and exchange rates of the options available to you to get the most Hungarian forints for your pound.
Compare services that send money to Hungary from the UK
Table: sorted by a combination of service offering and the amount your recipient will receive
Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
How do international money transfers work?
An international money transfer allows you to send money to a recipient overseas. Generally, a transfer involves you providing funds to a bank or an independent transfer provider, which then sends the money to your recipient in another country — in this case, Hungary. This can be done in person, over the phone, through a mobile app or online. You can use cash, a credit or debit card, or transfer funds from your bank account, which will then either be deposited into your recipient’s bank account or mobile wallet, or made available as cash for them to pick up at a location in their country.
Banks versus money transfer companies
Ania is living and working in London. She maintains close ties with the Hungarian cultural associations, especially since her sister remains in Budapest with her husband. Ania often sends home money for her little niece’s birthdays, Christmas and Easter, so she’s always comparing transfer services to find the best and cheapest companies.
Money Transfer Service
1 GBP = 346.99 HUF
1 GBP = 359.24 HUF
Amount received in HUF for £500
24 business hours
1 to 3 days
Bank to bank, online transfer
6,126 HUF less
6,126 HUF more
Ania has the choice between a service that delivers faster for a small fee and another service that offers free transactions with a longer delay in delivery. Should she decide to use an international money transfer service, the recipient could receive 6,126 HUF more.
Choose one of the providers who sends money to Hungary and provide your name, address, contact information and valid photo ID.
Supply your beneficiary’s name, address and information, along with their bank account info if the funds will be deposited in their bank account.
Enter the amount of money you’re sending and complete your transaction.
Maintain any receipt you receive in order to monitor your transaction.
How do I compare transfer companies when sending money to Hungary?
Exchange rates. See how the rates offered by one provider stack up against those offered by competitors. Also, remember that some providers may offer a great exchange rate but also charge high fees.
Pick-up methods. Each service offers different pick-up options, including collecting at an agency or having the money deposited directly into the recipient’s account.
Fees. How much will you have to pay to send the transfer? Can you avoid a transfer fee if you send a larger amount?
Turnaround time. Will the funds be available for your beneficiary in minutes, or will they take several working days to arrive?
Transfer methods. These differ from company to company. Most offer bank-to-bank transfers, online transfers and over-the-phone or in-agency transactions.
Minimum transfer amounts. Some services require that you send at least £50 or £100 as a minimum.
Customer service. Is help available when you have a question regarding a transaction? Compare the availability of customer support options and hours.
What are my options for sending money to Hungary from the UK?
Bank transfers. Bank-to-bank transfers may cost more than other options but they are a secure way to send money to Hungary.
Online money transfer providers. A reliable online money transfer company can offer fast and cost-effective transactions.
Money transfer companies with cash pickup options. MoneyGram and Western Union are the world’s two largest providers of this service.
PayPal. PayPal offers secure international money transfers to many destinations around the world.
Foreign exchange rates explained
The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it will yield more money when exchanging it in a country with a weak currency. Like most countries, Hungary has a flexible exchange rate, which means it can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation. Currency exchange rate for Hungary
Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.
How likely would you be to recommend finder to a friend or colleague?
Very UnlikelyExtremely Likely
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.