Every Hungarian company is required by law to have a Hungarian corporate bank account. But how does banking work in Hungary, and which aspects should you consider to make your…
Tag: Bank Account
Sberbank liquidation and OBA deposit insurance
As a fallout of the current war between Ukraine and Russia, the Central Bank of Hungary (Magyar Nemzeti Bank or MNB) has recently announced that Sberbank Hungary will be liquidated.…
What is happening to the Hungarian HUF bank accounts of Revolut?
Despite recent rumors, Revolut is not moving out of Hungary. However, Revolut’s Hungarian HUF bank account is being cancelled as of 1 April 2022, which is most relevant for employers…
Hungarian bank accounts for your Hungarian company
Opening a bank account is obligatory for all Hungarian companies. You have to comply within 8 days after company registration. This is a prerequisite of starting your business activity. We…