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How to send money to Hungary

The safest and most cost-effective ways of sending money to friends and family in Hungary from South Africa.

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 South Africa 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 rand.

Compare money transfer services to Hungary

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 1 Within an hour ZAR 250.00 21.054 HUF
100,009
Use promo code FREE to send your first transfer with no fee. T&Cs apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
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USD 2,000 1 day ZAR 0.00 21.076 HUF
105,378
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
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EUR 8 3 - 5 days EUR 3.00 21.01 HUF
105,050
Special offer: Zero fees on your first 10 transfers.
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
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Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
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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.Back to top

Steps to send money to Hungary

  • 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.
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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 minimum.
  • Customer service. Is help available when you have a question regarding a transaction? Compare the availability of customer support options and hours.
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What are my options for sending money to Hungary from South Africa?

  • 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 pick-up 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.
  • Cheques. International cheques can be obtained from your bank and sent overseas.

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.
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