Foreign currency account

 

Open an FX account if you frequently transfer money in foreign currencies or travel abroad, and you can save the costs of conversion on the transfer or the purchase. The FX account can also be a good solution if you would like to keep your money in a valuable currency.

 

You can open an FX account for example in Euros, US Dollars, Swiss Francs, Pound Sterling, Japanese Yen or Swedish Krona (EUR, USD, CHF, GBP, JPY, SEK).

 

Who do we recommend the FX account to?

  • For those who receive their salary in a foreign currency, or have a regular income from abroad;
  • For those who often transfer money in a foreign currency such as EUR or USD;
  • For those who intend to keep their money in a foreign currency;
  • For those who regularly travel abroad and use their bank card for payments.

Pay attention to the spendings from your foreign currency account (1)

You can save on conversion costs for example

  • when purchasing abroad by card, if the currency of purchase is the same as the currency of the bank account , and the settlement currency used by the card company3,
  • if starting a foreign currency transfer in the same currency as the currency of the account.

Pay attention to the conversion costs for example

  • if paying or transfering in a currency that is different from the currency of the account,
  • if the method of settlement of the card company of your bank card is different from the currency of your foreign currency account3.

What services are offered with the FX account? (2)

  • You can manage your finances on your FX account, e.g. you can make an FX transfer for a fee.
  • You can deposit or transfer HUF and FX amounts to your FX account.
  • You can arrange an FX deposit and earn interest.
  • You can apply for any of our debit cards to be linked to your FX account. Click here to see what type of cards are available.  You can set any of your existing bank card to the FX account as well.

The promotional monthly account-handling fee for the FX account: HUF 420.1 UDRI (Unified Deposit Rate): 0.01%

What we also offer with your FX account

  • If you have more than one account at UniCredit you can use the same debit card to have access to all account balances (HUF and foreign currency). Read more about flexible account settings here.
  • Do your banking conveniently and quickly using our electronic services.
  • Do you often travel abroad? You can be safe everywhere with the foreign travel insurance available with UniCredit debit cards.

Useful information on how to use your bank account

  • Avoid standing in line at the post office and instead of using yellow cheques pay your utility bills easily and safe with direct debits. You can read about the advantages of direct debits in Hungarian HERE.

If you are not one of our clients yet, read more about the simplified way of switching banks.

Related documents

  • List of Conditions
  • Business Policies

Apply

 

This information is not comprehensive and does not constitute a contractual offer. The detailed description of the account and deposit agreement, products and services are included in the announcements and list of conditions of UniCredit Bank for Private Customers, the General Terms and Conditions, as well as the General Business Conditions for Private Customers and the Bank Card Terms and Conditions. The costs and rules of FX-HUF conversions are included in the current Bank Card Terms and Conditions. The bank reserves the right to amend the conditions.

 

1 The list is not exhaustive, it contains only examples. The rules and costs of foreign currency-HUF conversions are included in the current Bank card business regulations.

2 The method for monthly fee calculation: 0.01% of all debit and credit transactions for the month, but at least the amount indicated. As a special offer the bank will not charge any amount exceeding the minimum amount indicated above. The discount is valid until withdrawn. The monthly account-handling fee will be charged for each month started. The monthly account-handling fee for an FX account is HUF 420 per month. As part of the promotion, the bank will charge discounted account-handling fee instead of the standard monthly account-handling fee. The booking entry fee will be charged on each transaction booked to the bank account in addition to the fee for the given transaction. The standard fee is HUF 17 per book keeping entry. As a promotional offer, the bank will not charge this fee. All promotional offers are valid until withdrawn. HUF payments are performed at the exchange rate defined in the List of Conditions for Private Customers. In the case of term deposits, for the detailed terms of deposit contracts, see the bank’s General Terms and Conditions and its Announcement regarding on-demand and term deposits for Private Customers.

3 Settlement currency for transactions conducted abroad (outside Hungary) in USD currency by Mastercard debit and charge cards is USD, otherwise it is EUR. Settlement currency for transactions conducted abroad (outside Hungary) by Visa cards is USD in all cases. This information is not comprehensive, for detailed description please see the Bank Card Terms and Conditions.