Want to transfer money to Hungary? Considering a wire to transfer money to Hungary? Before you ask your bank to organise it, make sure you check out the wire transfer fees. It may come as a shock the amount the fees and charges will be and depending on the dollar amount, it might not be worth sending the money by bank wire transfer to send the money another way.
What makes more costly is in addition to your bank imposing a fee for sending the money to a bank in Hungary, the person getting the transfer of money may be charged a fee at their end. One way to reduce the possibilty of this fee is to send the international wire transfer in their designated currency.
To initiate a wire transfer to Hungary, you may require a SWIFT code. These are different codes for each bank and based on things such as the individual banking institution and country.
SWIFT Country Code
Central Bank Name
Magyar Nemzeti Bank