Open a Business Bank Account in Hungary

Published on May 1, 2026 and written by Cyril Jarnias

Hungary, with its strategic position in the heart of Central Europe, is attracting more and more foreign entrepreneurs looking to establish their business there. Opening a corporate bank account is a crucial step in this process. Discover how to proceed, the necessary documents, and the best banking options for your company in Hungary.

Keys to Opening Your Hungarian Business Account

To open a corporate bank account in Hungary, you must first have a legally registered company in the country. Here are the main steps to follow:

1. Choose the bank that best fits your needs Compare offers from different Hungarian banks in terms of fees, services, and accessibility for non-residents.

2. Prepare the required documents Gather all necessary documents for opening the account (see the next section for more details).

3. Schedule an appointment with the bank Contact your chosen bank to set up an appointment. Some banks offer services in English for international clients.

4. Appear in person at the bank In most cases, your physical presence will be required to finalize the account opening.

5. Make the initial deposit Once the account is opened, you will typically need to make a minimum initial deposit.

Complete File: Essential Documents for Your Hungarian Bank Account

To open a corporate bank account in Hungary, you will need to provide the following documents:

• Certificate of registration for your Hungarian company
• Company bylaws
• Minutes of the appointment of directors
• Passports or ID cards of directors and authorized signatories
• Proof of address for directors (dated within the last 3 months)
• Company tax identification number
• Proof of company address in Hungary
• Completed and signed account opening application form

Note: All documents must be in Hungarian or accompanied by a certified Hungarian translation.

Step by Step: The Path to Your Hungarian Business Bank Account

Here is the detailed procedure for creating your corporate bank account in Hungary:

1. Research and comparison Study the offers from different Hungarian banks and choose the one that best suits your business.

2. Initial contact Contact your chosen bank to get precise information about their requirements and schedule an appointment.

3. File preparation Gather all required documents and have them translated if necessary.

4. Bank appointment Go to the bank with all your documents. An advisor will check your file and have you fill out the necessary forms.

5. Verification and approval The bank will review your application, which may take from a few days to several weeks.

6. Account activation Once your application is approved, you will receive the information to activate your account and make the initial deposit.

7. Obtaining payment methods After activation, you can request bank cards and access online services.

Top 5 Hungarian Banks for Your Business: Benefits and Specifics

Here is a selection of the main Hungarian banks offering business services, with their respective advantages:

1. OTP Bank – Largest bank in Hungary – Extensive network of branches and ATMs – Advanced online banking services – English support available

2. K&H Bank – Subsidiary of Belgian KBC group – Banking packages tailored for SMEs – Efficient cash management services – Expertise in international trade

3. UniCredit Bank Hungary – Strong international presence – Varied financing solutions – Specialized services for foreign companies – Multilingual online banking platform

4. Erste Bank Hungary – Part of Austrian Erste Group – Attractive offers for start-ups – Business advisory services – High-performance mobile application

5. Raiffeisen Bank – Extensive network in Central and Eastern Europe – Diversified investment products – Dedicated support for international businesses – Innovative payment solutions

Conclusion: Your Springboard to Entrepreneurial Success in Hungary

Opening a corporate bank account in Hungary is an important step in establishing your commercial presence in this dynamic Central European country. Although the process may seem complex, especially for non-residents, proper preparation and choosing the right banking partner will greatly facilitate your procedures.

Remember that Hungarian banking regulations are strict, particularly regarding anti-money laundering measures. It is therefore crucial to provide accurate and complete information when opening your account.