How to send money to Hungary from UK with the best GBP-HUF rate

Comparing money transfer companies with services between the United Kingdom and Hungary, based on your specific transfer amount and transfer needs, is the best way to send money at the best price.

Here are your best options for sending money from the United Kingdom to Hungary

• Wise is the best way to transfer Pound Sterling into Forint. Sending 6,000 GBP to HUF will cost you £32.13 in fees, and your recipient will receive 2,439,086 HUF. The delivery time usually is within minutes, but it depends on the day you make the transfer.

• Cheapest way to transfer money to Hungary from the United Kingdom is via Key Currency.

• Fastest company to send money to Hungary from the United Kingdom is with Revolut. Right now, if you are sending £6,000 with Revolut to Hungary, the transfer time is within minutes. This can vary depending on your needs, but it's the fastest option.

For this route, we’ve compared 16 providers providing services between United Kingdom and Hungary. This ensures you will get the best options when sending Forint to Hungary.

Over the last 7 days, we’ve picked Wise as the best overall provider. However, comparing based on the amount you want to send to Hungary will provide a specific provider that’s best for transferring money from the United Kingdom.

The exchange rate is the price you will pay when buying Forint in the United Kingdom. A better exchange rate means you send more Forints to Hungary.

Currently, the mid-market rate between the Pound Sterling and Forint is 411.9773.

Ensuring a strong combination of fees and exchange rates ensures the best deal on money transfers from the United Kingdom to Hungary.

• The Mid-Market and Exchange Rates: Finding a provider as close to mid-market rate as possible will ensure more Forint for your Pound Sterling. The current GBP-HUF mid-market rate is 411.9773 HUF per Pound Sterling.

• Fees: Money transfer fees are charged on top the exchange rate and can be set, or a percentage of the total amount of Pound Sterling you’re sending to Hungary. Key Currency currently has the lowest fees for transfers into HUF of just 0 GBP. We always recommend searching for your exact send amount for an exact fee.

• Amount Received: The amount received in Forint is the biggest indicator of the total cost of sending money to Hungary from the United Kingdom. The bigger the amount received in Hungary, the lower the overall cost of sending from the United Kingdom.

A better option is to use a forward contract. This allows you to lock in an agreed exchange rate for transfers between the United Kingdom and Hungary for a set amount of time, this can be up to two years in some cases.

Sending through a money transfer company via a bank transfer will most often be the way to get the best price when sending money from the United Kingdom to Hungary.

Here are all the ways to send money from United Kingdom to Hungary:

Bank transfers

Bank transfers are often the better option for money transfers from the United Kingdom to Hungary.

Sending money via a bank transfer with a company such as Key Currency for transfers from the United Kingdom to Hungary allows you to benefit from lower fees and more favorable exchange rates than you would get with a traditional bank. 


Debit and prepaid cards

Sending money from the United Kingdom to Hungary with a prepaid or a debit card is very simple with Wise.


Wise is a leader in card payments for transfers from the United Kingdom to Hungary, competing among a total of 16 active money transfer companies on this route.

Credit cards

We recommend avoiding credit card deposits as it usually means taking a cash advance and using it for the deposit. Instead, use a bank transfer or a debit card deposit to save on fees.

If you have to, we recommend running a comparison to find the best deal for your transfer.

Money transfer companies offering services between the United Kingdom and Hungary have minimum or maximum thresholds on how much you can send or receive. These can be daily, weekly or monthly.

In particular, rates and fees for sending different amounts of Pound Sterling could change. We always recommend comparing GBP-HUF rates for your specific transfer amount. Then, with transfers to Hungary, shopping around each time can make a huge difference - as some providers offer introductory rates.

If you’re worried about transfer limits, for sending large amounts of GBP to Hungary, we’d recommend Wise.

There are different options for receiving Forint in Hungary. The most popular are direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account. Not all providers offering transfers from the United Kingdom to Hungary will offer every method for incoming Forint, so it’s best to check ahead of time.

Sending directly to a bank account is one of the most common ways to send money from the United Kingdom into Hungary. For most part, this is because it means the recipient has to do very little. Wise is the best company for bank transfers between United Kingdom and Hungary.

And if you need cash right away, check if cash pickup is an option for transfers between the United Kingdom and Hungary.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Key Currency.

You will need to verify your ID at the sign up stage when sending from the United Kingdom to Hungary through a money transfer company.

Documents needed will vary and in some cases you might need a couple of different forms of ID.

ID can be verified in the United Kingdom through a government issued ID such as a passport or driver's license. If the recipient needs ID to collect money in Hungary, both of these will also likely be accepted. Depending on the company you are using and where the money is going in Hungary, it’s always best to check ahead just in case.

Larger transactions between the United Kingdom and Hungary are likely to be subject to additional checks such as proof of funds for anti-money laundering purposes. This could slow down the process of sending money if you’re not prepared for them.

One of the reasons Wise scored so highly for large and regular transfers to Hungary, was their easy sign up process in the United Kingdom.

When sending money between the United Kingdom and Hungary there will be tax declarations to consider.

Some transfers into Forint may need to be reported to tax authorities in Hungary. This is of particular note where inheritance or property purchases are involved.

Personal allowances and tax limits will change in Hungary based on age, income and personal circumstance. When in doubt, please contact a tax professional in the United Kingdom or Hungary to discuss your individual needs. This will ensure you are not missing any specific tax obligations associated with your transfer.