What are the Best Options to Send Money to Hungary?

What are the Best Options to Send Money to Hungary?

Every year, lots of people send money to Hungary. But because of lousy tactics, most of them ended up paying dearly, sometimes paying almost 20% of the total amount which is ridiculous.

Banks and online money transfer services get away with this because they “hide” it by bundling it into their “special” conversion rates. Basically, it is a hidden fee.

Are you one of the people who ended up “paying too much” to transfer money?

If the answer is yes, then this article is for you.

This our 26th post on sending money to other countries. If you want to check out the rest of the post, here are the links: Philippines, Brazil, Australia, Kenya, Mexico, Macedonia, Poland, Egypt, Romania, Indonesia, India, Bangladesh, Ukraine, Bolivia, Serbia, Pakistan, Colombia, Morocco, Chile, Turkey and recently, Thailand.

So how do you actually avoid paying too much when you send money to Hungary?

Below are tables that contain the most popular options for sending money, their upfront rates and their hidden exchange rates. As you notice, some services claim to have zero charge but then more than make up with ridiculous exchange rates. Avoid these services at all cost!

Table 1: Sending $1000 from the US to Hungary

Transfer methodFees to send $1000 USDHidden conversion costTotal feesTime for the transfer to arrive
Currency Transfer$0$5$53-5 days
OFX (previously USForex)*$0$7.5$7.51-2 days
TransferWise$10$0$101-2 days
WorldRemit$4$7$111-3 days
Ria Money Transfer (slow)$5$26$313-5 days
Paysera$4$31$351-3 days
Western Union (slow)$5$32$375 days
Ria Money Transfer (fast)$15$26$41Minutes
Skrill$10$40$503-5 days
Wire transfer$25-40$10-20$35-603-5 days
Western Union (fast)$40$32$721 day
MoneyGram (fast)$58$24$82Minutes
Travelex$0$123$1233-5 days
MoneyMoveIT$5$219$2241-3 days

Note:

  • Minimum transfer of $500 for OFX (previously USForex).

Table 2: Sending £1000 from the UK to Hungary

Transfer methodFees to send £1000 GBPHidden conversion costTotal feesTime for the transfer to arrive
Currency Transfer£0£5£53-5 days
TransferWise£7£0£71-2 days
UKForex*£0£7.5£7.51-2 days
CurrencyFair£3£5£81-3 days
Western Union£3£9£121-2 days
WorldRemit£3£9£121-3 days
Transfergo£1£14£151 day
Azimo£1£15£161-2 days
Easy Exchange£6£18£243-5 days
GlobalWebPay£5£22£271 day
Paysera£3£27£301-3 days
1st Contact Forex£15£18£331-3 days
MoneyGram£7£28£35Minutes
Exchange4free£0£35£353-5 days
Skrill£8£40£483-5 days
Wire transfer£15-25£10-30£25-553-5 days
Travelex£0£80£803-5 days
MoneyMoveIT£2£108£1101-3 days

Note:

  • Minimum transfer of £500 for UKForex.

Table 3: Sending $1000 from the Canada to Hungary

Transfer methodFees to send $1000 CADHidden conversion costTotal feesTime for the transfer to arrive
Currency Transfer$0$5$51-3 days
CanadianForex*$0$7.5$7.51-2 days
CurrencyFair$5$3$83-5 days
WorldRemit*$4$5$91-3 days
TransferWise$12$0$121-2 days
Paysera$5$21$261-3 days
1st Contact Forex$25$14$391-3 days
Exchange4free$0$45$453-5 days
Skrill$29$40$693-5 days
Western Union$40$30$70Minutes
MoneyGram$50$28$78Minutes
Travelex$0$114$1143-5 days
Wire transfer$25-40$20-30$45-753-5 days

Notes:

  • Worldremit can only send 995 CAD from Canada to Hungary.
  • Minimum transfer of $500 for CanadianForex.

Table 4: Sending €1000 from the Western Europe to the Hungary

Transfer methodFees to send €1000 EURHidden conversion costTotal feesTime for the transfer to arrive
Currency Transfer€0€5€53-5 days
TransferWise€7€0€71-2 days
CurrencyFair€3€4€71-3 days
UKForex*€0€7.5€7.51-2 days
Transfergo€1€9€101 day
WorldRemit€4€9€131-3 days
Paysera€3€16€191-3 days
Azimo€3€23€261-2 days
Western Union€0€29€291-2 days
Exchange4free€0€35€353-5 days
Wire transfer€20-35€20-40€40-753-5 days
Skrill€10€40€503-5 days
MoneyGram€5€59€64Minutes
Travelex€0€111€1113-5 days

Note:

  • Minimum transfer of €500 for UKForex.

Table 5: Sending $1000 from the Australia to Hungary

Transfer methodFees to send $1000 AUSHidden conversion costTotal feesTime for the transfer to arrive
Currency Transfer$0$5$53-5 days
TransferWise$7$0$71-2 days
OFX (previously OzForex)*$0$7.5$7.51-2 days
CurrencyFair$5$3$81-3 days
WorldRemit$4$5$91-3 days
Paysera$5$16$211-3 days
Easy Exchange$8$21$293-5 days
1st Contact Forex$25$6$311-3 days
MoneyMoveIT$7$28$351-3 days
Exchange4free$0$45$453-5 days
Skrill$10$40$503-5 days
Western Union (slow)$10$43$532 days
Wire transfer$25-35$30-60$55-953-5 days
Travelex$0$97$973-5 days
MoneyGram$60$48$108Minutes
Western Union (fast)$70$55$125Minutes

Travel Money Oz

$0$202$2023-5 days

Note:

  • OFX (Previously OzForex) rate requires a minimum amount of $500.

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