Hungary corporate bank account

Hungary corporate bank account

Healy Consultants will be happy to secure a corporate bank account for our Clients’ companies in Hungary. Our experienced banking team will prepare the required due diligence documentation and submit them to the bank. If required, we will act as our Clients’ representatives for interviews with the bank officers. Please find below detailed information about Healy Consultants’ banking support services.

Hungary corporate banking options

    bnp paribas

  • The banking sector in Hungary includes approximately 40 banks including foreign and local institutions. The largest provider of financial Services is a local bank, the OTP bank Group;
  • The banking sector is now predominantly owned by the Hungarian Government which had previously introduced a banking tax to reduce the participation foreign banks in the Hungarian market. This move was made in order to combat the economic losses and burgeoning deficits in the years following the financial crisis;
  • International banks present in Hungary include i) Commerzbank Hungary ii) Deutsche Bank iii) Erste Bank and iv) BNP Paribas. In most cases, foreign banking groups have their headquarters in Germany;
  • As a general rule, Healy Consultants always recommends our foreign Clients to open their Hungary corporate bank account with a bank with which they already have a bank account in another country, thus reducing i) the estimated time required to open the bank account and ii) the bank’ due diligence collection requirements;
  • As a suitable alternative to a corporate bank account with the international banking group, Healy Consultants can assist our Clients with an account from a local Hungarian institution. Conveniently, many local banks i) offer online banking in English and ii) do not require substantial due diligence documents;
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  • Healy Consultants recommends OTP bank as the largest local institution with complete financial portfolio of services, preferred by both local and foreign companies.

Healy Consultants’ banking services

  1. Healy Consultants recommends all its Clients to open a local corporate bank account to supplement their Hungarian company. Please find below information regarding Healy Consultants’ banking service to assist with the same:

    • Healy Consultants will be pleased to open a corporate bank account in the country without personal travel. It is a time consuming task, Healy Consultants will shelter our Client from the administrative challenges. As you can appreciate, it is a difficult task to obtain bank account approval through a newly formed company, when shareholders, directors and bank signatories reside overseas;
    • Following bank account approval, the preferred Hungarian bank will directly and independently email our Client the corporate bank account number;
    • While our firm will liaise with the banks to prevent our Clients from travelling to Hungary, there is still a 10% chance that the bank may require our Clients willing to start a business to travel for a one hour interview. There will be a fee discount of €1,450 if you have to travel;
    • ing bank

    • If our Client is not comfortable with a Hungarian bank account, Healy Consultants can open an international corporate bank account outside of Hungary. Examples include Latvia, London, New York, Germany, Bulgaria, South Africa, Australia, or Dubai. Our fee for this service is €3,950 without travel or €2,550 with travel. All banks will be top tier banks in these countries with excellent internet banking services.

  2. Healy Consultants will also be pleased to assist Clients secure additional financial support for their projects in Hungary. Please read below for further information:

    • Our experts may assist Clients with obtaining corporate finance in the form of a loan, overdraft or simply preferential credit terms. Please contact our in house Hungary expert for inquiries regarding these services and related fees;
    • Hungary banks will consider providing funds to finance investment projects, provided sufficient information is submitted. Documents requested may include i) bank specific business-plan’ ii) availability of collateral assets iii) qualifications of business owners and management iv) last 3 years audited financial statements and v) a detailed review of the project’s strength, weaknesses, opportunities and threats (SWOT matrix);
    • In addition to corporate finance, our in-house consultants may also provide our Clients with assistance to secure trade finance services including i) bank guarantees ii) letters of credit iii) finance against trust receipt (for imported goods) and iv) document against payment and against acceptance.

Exchange controls and other regulation


  • Hungary boasts liberal foreign exchange controls allowing both residents and non-residents in the country to maintain bank accounts in foreign currencies, including € and US$;
  • The country harmonized its regulations to allow capital flows between Hungary, EU and other OECD member countries;
  • There are no restrictions on the amount of foreign currency that residents may hold in their bank accounts.

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Contact us

For additional information on our corporate banking services in Hungary, please email us at Alternatively please contact our in-house country expert, Mr. Petar Chakarov, directly:
client relationship officer - Petar