Send Money from Canada to Raiffeisen Bank in Hungary

Raiffeisen Bank, Hungary

Raiffeisen Bank, which began as Unicbank in 1986, provides a comprehensive range of services to business and retail banking customers, as well as municipalities. It has 71 locations that serve more than 500,000 clients. Under the Friedrich Wilhelm Raiffeisen name, the primary business divisions are Retail Banking, Corporate Banking, and the multi-award-winning Private Banking.

The corporate business line (market share of about 10%, leader in some areas) provides a wide range of customized asset and liability services to mid-sized and big corporate clients. International clients are served by a separate unit. In terms of data security, flexibility, and convenience of use, the electronic corporate banking service is at the forefront of the market. Raiffeisen's treasury business is a participant in the FOREX, stock-exchange, and over-the-counter (OTC) markets, using the bank's strong international ties.

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How to Send Money to Raiffeisen Bank in Hungary

Follow these five simple steps to send money to a Raiffeisen Bank account:

  • Create a RemitBee account for free. RemitBee Wallet, a secure and simple-to-use digital wallet, is provided.

  • To complete your account setup, you'll need to provide your full name, home address, and job title. A valid phone number and email address are also essential.

  • The sender's name, address, and phone number will be requested next. The recipient bank's swift code and IBAN must also be supplied.

  • After you've entered the amount you'd like to transfer, click the payment option and complete the transaction by following the on-screen instructions. Despite daily swings in currency rates, the cost of payment methods remains unchanged.

  • Once the transfer is complete, you will receive an email notification. You can track and control your money transfers using the RemitBee app.

What are the benefits of sending directly to Raiffeisen Bank?

There are various benefits to using RemitBee's money transfer service. Listed below are a few examples:

  • With RemitBee, you can send money to anybody at anytime from anywhere. There’s no need to drive and go to the bank so you can save more time.

  • Because we have been doing this for a while, you can trust us to finish the transfer safely.

  • Once the transfer is complete, the recipient will have immediate access to the cash.

  • If you transmit $500 or more using the RemitBee wallet, there are no fees or hidden costs.

What is the information you need to complete the transfer?

Gather the required information before starting a RemitBee transfer:

  • The name of the recipient as it appears on the bank statement

  • Phone number and home address of the recipient

  • Swift code for Raiffeisen Bank (UBRTHUHBXXX)

  • The International Bank Account Number (IBAN)

How Remitbee calculates the CAD to HUF exchange rate

We understand how valuable every dollar you send to your family is, and how banks add high fees and margins to your exchange rate. That's why we give you the best CAD to HUF exchange rate in Canada and only charge a 0.3 percent to 0.5 percent margin to cover our operating costs. We always let you know about any fees or penalties ahead of time, and you can see the total before sending money to Hungary. Any fees or charges are disclosed upfront, and all transfers over $500 are free.

Send money to all major Banks in Hungary

How international money transfers work

International wire transfers take place using the SWIFT network. Transfer instructions are sent from the sender’s bank to the recipient’s bank and any fees are assessed before the transfer is approved. One of the banks will calculate the exchange rate CAD to HUF, and the money is moved between accounts.

Check our refer and earn program!

Get $20 for every successful referral while the referred person gets $10 towards their first transaction. Use your unique referral code to invite your friends and register with it. Once they send their first transfer of at least C$200 or exchange at least C$1,000, you’ll get C$20 credited to your RemitBee account. There is no limit on the number of referrals you can make so the earning potential is endless! So, keep referring and earning with RemitBee.


Frequently Asked Questions

Yes, you very certainly can.

You can choose to pay using Interac e-Transfer, Interac Online, Bill payment, Electronic Funds Transfer or Visa or Mastercard Debit.

Only direct bank account transfers are available for transfers to the Hungary.

When you verify your account, you may send up to $9,000 CAD per day and $50,000 CAD per month.

Any transfer of 500 CAD or more is entirely free. The transaction fees for sending less than $500 CAD are mentioned below:

  • Interac Online - $2.99

  • E-transfer – Free

  • Bill Payment – Free

  • Electronic funds Transfer - Free

  • Visa or Mastercard Debit - $2.99+

The CAD to HUF exchange rate is currently 1 CAD for {{HUF}} HUF. This changes daily.

Yes, you will be compensated $50 for referring three people who sends their first transfer.

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