Corporate Bank Accounts in Hungary
Opening a corporate bank account is a critical step after forming or acquiring a company in Hungary. ShelfCompanies24 has established strong relationships with major Hungarian banks and assists clients with the entire account opening process.
Major Banks in Hungary
We work with the following banks and financial institutions in Hungary:
- OTP Bank, Erste Bank, K&H Bank, Raiffeisen Bank, MKB Bank
Local currency (HUF) but EUR accounts widely available. OTP Bank is regionally significant.
Account Opening Process
- Bank selection — Based on your business type, expected transaction volume, and currency requirements, we recommend the most suitable bank.
- Document preparation — We help prepare all required documentation including corporate documents, business plan summary, and compliance materials.
- Application submission — We submit the account application to the selected bank on your behalf.
- Compliance review — The bank conducts its KYC/AML due diligence checks.
- Account activation — Once approved, you receive account details, online banking credentials, and payment cards.
Required Documents
- Certificate of incorporation
- Articles of association
- Register of directors and shareholders
- Passport copies of all directors and beneficial owners
- Proof of address for all directors and beneficial owners
- Description of business activities and expected turnover
- Source of funds documentation
Account Features
| Feature |
Details |
| Currency |
HUF (Hungarian Forint) + multi-currency options available |
| Online Banking |
Available with most banks |
| Debit/Credit Cards |
Corporate cards available |
| SEPA Transfers |
Hungary banks support SEPA payments |
| International Transfers |
SWIFT transfers worldwide |
For assistance with opening a corporate bank account in Hungary, please contact our consultants.
Related Services in Hungary
Frequently Asked Questions
Which banks can I open an account with in Hungary?
We work with major banks in Hungary including OTP Bank, Erste Bank, K&H Bank, Raiffeisen Bank, MKB Bank. We recommend the best bank based on your business needs.
Can I open a bank account in Hungary remotely?
Remote account opening depends on the bank’s policy. Some Hungarian banks allow remote opening while others require a personal visit. Our team advises on the best approach.
What documents are needed to open a corporate bank account in Hungary?
You will need the company’s incorporation documents, passports and proof of address for directors and beneficial owners, and a description of business activities.
How long does it take to open a business bank account in Hungary?
The account opening process in Hungary typically takes 1-4 weeks depending on the bank and the complexity of the corporate structure.
Content prepared by Anna Modlinska, Company Formation Specialist at ShelfCompanies24. Graduate of Cracow University of Economics and Lazarski School of Law. Approved by Tomasz Bielski, Managing Director.
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