Opening a bank account
You may want or need to open a bank account in another EU country. If you study at BME with a Hungarian governmental scholarship (e.g., Stipendium Hungaricum), you are required to open a Hungarian bank account where your scholarship will be transferred.
How to open a bank account?
The bank is free to choose whether or not to accept your application. That is a private business decision for the bank. Before opening a bank account, the bank needs to get to know its potential clients. This may require more due diligence in assessing bank account requests from non-residents. Some banks may, therefore, have a policy not to accept non-resident customers.
To open a bank account, you must present your passport and another identification document (such as driver’s license, tax card, etc.), school attendance certificate which is proof that you’re student at the BME, it is usually necessary to have a valid residence permit and address card in order to open a bank account. We will help to get the required documents for you, and we will have appointments to the banks, and we can open accounts in 6-8 large groups. (Because some of you require more due diligence in assessing bank account requests from non-residents).
In Hungary banks are typically open on weekdays from 8:00 a.m. until 4:00 p.m. Banks are not open on Saturdays except some branches in shopping centres.
Automatic Teller Machines (ATM)
ATMs can be found anywhere in Hungary and Budapest. Hungarian banks charge a commission for using ATMs. Note that higher service charges might apply for using an ATM that is not operated by the bank that issued your bank card. You don’t have to worry about exchanging Hungarian Forint before your arrival and carrying cash with you. ATM machines are widely available in major cities, and they accept Visa and MasterCard.
What is out recommedation
We recommend two banks: OTP or Budapest Bank.
Both of them have huge clientale all over the country, experience with BME students, and they have branch bank close to the BME.
If you are under 25 or at OTP 24 years old, you can open student account, it means you have to pay a little bit less monthly to handle your account.