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Current Position : Hungary > Bank of China (CEE) Ltd. > Personal Banking > Remittance & Exchange
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Remittance within Hungary

The bank can accept incoming remittance in HUF, EUR, USD CNY within Hungary.
Customer can also apply to remit HUF, EUR, USD to the beneficiary within Hungary.

Characteristics

1.There are two options for outgoing remittance: normal remittance and urgent remittance for foreign currencies. In case of HUF the normal remittance is managed through GIRO and the urgent through VIBER.
2. Customer or beneficiary can pay all of the remittance costs or share it between themselves in case of foreign currencies. In case of HUF all banking fees are paid by the sender.

Procedure

In order to receive incoming remittance successfully, the Customer should give the remitter the complete and right information, including the bank's name (for EUR/USD/CNY remittance, also the SWIFT number of our bank) the beneficiary’s account name, related current account number with the bank.(For all FX remittances  the “IBAN” account number is required.)

For outward remittance within Hungary, the Customer should supply the beneficiary’s name, account number (for HUF remittance, HUF settlement account number is sufficient; for USD/EUR/CNY remittance, the IBAN account number is required as well as the SWIFT code of the beneficiary's bank.

For paper-based instruction, the holder or the authorized person of the account can submit it at the counter of the bank in person with valid identity documents. The account holder can also send a fax instruction if he/she has signed a fax business contract with the bank. Customer may also handle EUR/USD/HUF remittance through NetBank.

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