Best way to transfer HUF to UK GBP bank account?
#1
Just Joined
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Joined: May 2018
Posts: 4
Best way to transfer HUF to UK GBP bank account?
Good morning all,
Has anybody got any thoughts on the best way to regularly (monthly) transfer HUF to a UK GBP bank account?
I've no doubt there's a cost associated to it in addition to whatever HUF to GBP exchange rate is current at the time, but wondered if there are Hungarian (or even British) banks that have accounts or mechanisms for doing it; or whether third-party money transfer providers are the better or only option?
Thanks in advance!
Has anybody got any thoughts on the best way to regularly (monthly) transfer HUF to a UK GBP bank account?
I've no doubt there's a cost associated to it in addition to whatever HUF to GBP exchange rate is current at the time, but wondered if there are Hungarian (or even British) banks that have accounts or mechanisms for doing it; or whether third-party money transfer providers are the better or only option?
Thanks in advance!
#2
Account Closed
Joined: Mar 2017
Posts: 0
Re: Best way to transfer HUF to UK GBP bank account?
Good morning all,
Has anybody got any thoughts on the best way to regularly (monthly) transfer HUF to a UK GBP bank account?
I've no doubt there's a cost associated to it in addition to whatever HUF to GBP exchange rate is current at the time, but wondered if there are Hungarian (or even British) banks that have accounts or mechanisms for doing it; or whether third-party money transfer providers are the better or only option?
Thanks in advance!
Has anybody got any thoughts on the best way to regularly (monthly) transfer HUF to a UK GBP bank account?
I've no doubt there's a cost associated to it in addition to whatever HUF to GBP exchange rate is current at the time, but wondered if there are Hungarian (or even British) banks that have accounts or mechanisms for doing it; or whether third-party money transfer providers are the better or only option?
Thanks in advance!
#3
Forum Regular
Joined: Jul 2016
Location: Szeged
Posts: 284
Re: Best way to transfer HUF to UK GBP bank account?
https://transferwise.com/ is another service many people use in Hungary. It is very popular on the asian facebook pages for example. My HU wife says it is popular with the Hungarian facebook groups also, who send money from the uk to hu and vice versa.
#4
BE Forum Addict
Joined: Nov 2012
Posts: 2,095
Re: Best way to transfer HUF to UK GBP bank account?
There are lots of companies offering money transfer services, most giving better rates than the banks - but I would always chose a company that is regulated by the FCA for the additional security this offers.
#5
Forum Regular
Joined: Jun 2009
Location: Yorkshire
Posts: 104
Re: Best way to transfer HUF to UK GBP bank account?
Follow Szeged's advice, I doubt you will find better than Transferwise. I have been using them for a number of years now and have always found them to be excellent.
When you change forints to pounds, or vice versa, you will get the mid rate for your money, minus a cost of less than half a percent.
When you change forints to pounds, or vice versa, you will get the mid rate for your money, minus a cost of less than half a percent.
#6
Forum Regular
Joined: Mar 2016
Posts: 214
Re: Best way to transfer HUF to UK GBP bank account?
I also use Transferwise. I doubt you will find a better rate.
They also now offer a "borderless bank account" with debit card.
https://transferwise.com/gb/blog/tra...it-card-launch
They also now offer a "borderless bank account" with debit card.
https://transferwise.com/gb/blog/tra...it-card-launch
#7
Banned
Joined: Aug 2018
Posts: 236
Re: Best way to transfer HUF to UK GBP bank account?
I would check out the likes of HIFX or Moneycorp. We have used HIFX for years and are very happy with the rate & service. I usually do a comparison with a couple of other likely contenders but HIFX have usually won. There are some new entrants such as Starling to watch.
Definitely don't use a 'real' bank-to-bank service - they rob you blind - use a specialist FX provider.
Topcashback offer a decent £21 cashback on your first HIFX transfer, so you might want to open 2 his 'n hers a/cs and claim the cashback twice, even if you never use them again. (Moneycorp also offer cashback).
Definitely don't use a 'real' bank-to-bank service - they rob you blind - use a specialist FX provider.
Topcashback offer a decent £21 cashback on your first HIFX transfer, so you might want to open 2 his 'n hers a/cs and claim the cashback twice, even if you never use them again. (Moneycorp also offer cashback).
#8
Forum Regular
Joined: Apr 2012
Posts: 176
Re: Best way to transfer HUF to UK GBP bank account?
Another vote for Transferwise.
#9
Banned
Joined: Jul 2014
Location: Hawley
Posts: 958
Re: Best way to transfer HUF to UK GBP bank account?
And another vote for Transferwise. I use them monthly to wire money and the fees are very affordable and have excellent customer service.