Open a HUF Account - Hungarian Forint

Opening an account is very simple.

1. Send us your request to open a HUF account via the form on the left or through the account opening form. We will contact you to schedule a phone call to fully understand your needs regarding HUF transactions.
2. Following this discussion, we will assist you with the administrative formalities to access the services of one of our partners, selected based on your needs. We remain your sole point of contact for the entire client relationship.
3. Once access to the services is validated, you can request the opening of your Hungarian Forint account and any other eligible currency. Your HUF account banking details are usually provided within minutes, allowing you to start receiving and making payments in HUF (Hungarian Forint).
4. If your business evolves and you have needs in other currencies, you can request the addition of an account in another currency at any time.

The Hungarian Forint (HUF) account for which we provide the details is not a bank account per se, as the account-holding institution is not a bank but a partner payment institution. These accounts are labeled in your name, and the IBAN associated with the account is unique. You thus have a guarantee of segregation of your funds in our partners' books. The security guarantees for your funds are similar to those offered by traditional banks. The account can be located in different countries according to your operational needs. Please refer to the page on opening a Hungarian Forint (HUF) account for more information.

It may be useful for your HUF (Hungarian Forint) account to be located in France or, conversely, in another country, depending on your operational needs and the location of your clients. This is why we allow great flexibility in the location of currency accounts. The HUF (Hungarian Forint) account can be located in the following countries of your choice:

• France
• Hungary
• United Kingdom
• Belgium
• Netherlands

You can view the updated table of possible HUF (Hungarian Forint) account locations here: account locations

You can use this Hungarian Forint account to receive or store HUF for as long as you wish, as long as your account is active. You are automatically notified by email each time a Hungarian Forint transfer is received in your HUF account. You can then freely reuse these HUF to make payments in HUF to your suppliers or convert your Hungarian Forints, benefiting from very competitive exchange rates. There is no obligation to move funds in the accounts. 

Foreign currency payment collection systems like Adyen, Stripe, PayPal, Hipay, or internal systems of marketplaces like Amazon Pay are widely used by companies conducting international transactions. These systems are efficient, but if you do not have an account in the collected foreign currency, your income in that currency is automatically converted to euros at often very unfavorable exchange rates. Even when you have a bank account in the collected currency, this account often needs to be located in the country where the sale takes place, which can be complicated with a traditional bank. Some of our partners offer currency accounts compatible with most marketplaces and collection systems.

You can find all eligible currencies for opening a currency account by visiting this page.

It is not possible to deposit checks or cash into your HUF (Hungarian Forint) account. Only bank transfers are accepted for transactions on the account. No bank card can be linked to the account at this time.

Account statements detailing all operations in Hungarian Forints are downloadable at any time from the online interface. These statements include maximum information on beneficiaries, the origin of funds, related exchange operations, to facilitate the work of your accounting department.

All account statements can be automatically integrated into your treasury software or ERP via MT940 files. You can thus find all HUF (Hungarian Forint) movements in your software without even needing to connect to our online interface to obtain the updated balance of your HUF (Hungarian Forint) account. Our technical teams can also automate the processing of currency payment files provided by your TMS / ERP.