Question 1

What's the best way to send money from Cyprus to Hungary?

Accepted Answer

There are many good choices when it comes to sending money from Cyprus to Hungary. The RemitFinder remittance comparison engine compares many different remittance service providers to give you several options. You can easily compare these providers to get the best remit rates on your Euro to HUF money transfers.

We compare different remittance companies to bring you the best options to send money to Hungary from Cyprus. All these companies are vetted by our team that has expertise in evaluating foreign exchange providers. Our trusted partners work hard to bring our customers the best rates so you benefit the most.

Additionally, we bring you access to exclusive deals and promotions from our partners. These offers will help you maximize the yield on your Euro to Hungarian Forint money transfers. You can take advantage of these deals and make the most of your hard earned money.

Question 2

How to get the best remit rate for transferring money from Cyprus to Hungary?

Accepted Answer

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Hungary from Cyprus. Another added complexity is the multitude of choices at your disposal - ranging from your bank, to established operators like WesterUnion and Moneygram, to so many remittance startups and companies, to multi currency bank accounts. It would be ideal if there was an automated way to stay updated with the ever changing remittance landscape.

One way you could eliminate the manual work to search and compare providers for your EUR to Hungarian Forint money transfers is by signing up for the RemitFinder daily rate alert. It is completely free; we do the hard work of comparing various remittance companies, and send you all the info you need.

We are also constantly adding new partners for the Cyprus to Hungary corridor to give you more good choices for your next HUF money transfer. This way you do not miss out on additional options to potentially save more.

Question 3

What's the cheapest way to send money to Hungary from Cyprus?

Accepted Answer

The final amount your recipient gets when you send EUR to HUF is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.

Before the dawn of the modern internet era, traditional methods to send money from Cyprus to Hungary used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.

A great way to find the cheapest options to send Hungarian Forint is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best Euro to Hungary exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.

Question 4

Should I use my bank to transfer money from Cyprus to Hungary?

Accepted Answer

We do not recommend using your local bank in Cyprus for your next EUR to HUF overseas funds transfer. The reason for this is that banks are known to give you worse exchange rates and yet charge high foreign exchange fees. That is a double whammy that will make the transaction much more expensive for you.

That said, there may be circumstances you may want to consider your bank for your international funds transfer. For example, if you need to move a very large sum of money from Cyprus to Hungary (for property purchase, or any such high value transaction), and do not want smaller transactions. In such cases, be sure to carefully inspect all details of the remittance transaction that your bank offers you. You can use the RemitFinder remittance search engine to compare your bank's quote with many other money transfer companies to try to negotiate a better deal with your bank.

Notwithstanding any unique circumstances as above, you will generally save more by relying on online foreign exchange companies for sending HUF to Hungary. These companies will let you use your local bank account in Cyprus to pay for your Hungary money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.

Question 5

What is the fastest way to transfer money from Cyprus to Hungary?

Accepted Answer

It could be a stressful experience if you need to rush money quickly from Cyprus to Hungary. How do you decide which option to pick to ensure your funds arrive at the destination in the fastest possible way?

First, you should ensure that you are picking the right payment method to convert EUR to HUF. Most remittance companies will allow you to pay by cash, with credit or debit cards, via a direct bank transfer, through a wire transfer, and so on. Digital payment methods like wire transfers and bank transfers will certainly delay your transaction as compared to cash payments.

Similarly, on the receiving side, your recipient also has multiple options to collect their monies in Hungarian Forint. The payout choices generally include cash pickup, direct bank transfer, loading up a mobile wallet, and mobile airtime top up. If transaction speed is important, you could choose cash pickup if the receiver can access a close by pickup location. Just be aware that the exchange rate on cash transactions may not be the best, and there is risk in handling cash, especially for larger amounts. Otherwise, a mobile airtime top up or a bank deposit may be the next fastest possible ways unless there are bank holidays going on.

Foreign exchange transaction speed also depends on some additional factors like transfer amount, compliance and regulatory processes and vary from provider to provider. Check out our remittance guide to answer any questions you may have on how remittances work in general, and what factors affect the speed of your Cyprus to Hungary money transfers.

Question 6

Which are the best money transfer companies to transfer money from Cyprus to Hungary?

Accepted Answer

The first step in selecting the best money transfer operators for Cyprus to Hungary remittances is to have a list of potential companies that you could use. You can rely on RemitFinder for giving you several good options to start with. Simply give us your sending and receiving countries, and we will present numerous providers for you to easily compare.

The next part in deciding which provider to go with would depend on what you are looking for. There are many parameters on which these companies can be compared against each other, and it all depends on your preferences. For example, are you looking for low or 0 fees, the highest rate, quick transfer speed, etc.

Another factor that may help you decide which provider to go with would be any coupons and deals available for Euro to Hungarian Forint money transfers. Availing promotions is a sure shot way to help reduce your cost, and should be part of the criteria to decide which are your top candidates for sending money to Hungary.

Question 7

Step by step guide to do a money transfer from Cyprus to Hungary

Accepted Answer

Sending money internationally is very common these days, especially given the large communities of expats living abroad. If you are one of them, and need to send money from Cyprus to Hungary, then please continue to read.

One of the hardest things in the foreign currency transaction world is to find the best company to move your money abroad. There are so many choices to remit funds from Cyprus to Hungary that you may feel a bit lost. This is where RemitFinder comes in. You can relax as we do all the hard work to search and compare numerous money transfer companies for you.

Once you identify your provider of choice, follow the below step by step guide to send money.

Provide your name, address, photo ID and other related information as part of the signup process. Forex companies are regulated to ensure that your money is safe, so providing this information ensures compliance laws are adhered to.
Provide information about the receiver - name, address and a bank account in Hungary where they can receive monies in Hungarian Forint.
Then, provide details of your Cyprus bank account so you can transfer the funds to the provider to allow them to do the transaction on your behalf.
Finally, select the amount you want to transfer, and click Send.
The provider will start your transaction, and keep you updated on the progress of your transfer.

Also, keep an eye on any discount or promotional coupon codes as they may help lower the cost of your remittance. The process is quite easy and you can see your EUR travel to another part of the globe.

1 EUR	386.40 HUF
5 EUR	1,932.02 HUF
10 EUR	3,864.04 HUF
25 EUR	9,660.10 HUF
50 EUR	19,320.19 HUF
100 EUR	38,640.38 HUF
150 EUR	57,960.57 HUF
200 EUR	77,280.76 HUF
250 EUR	96,600.95 HUF
300 EUR	115,921.14 HUF
400 EUR	154,561.52 HUF
500 EUR	193,201.90 HUF
600 EUR	231,842.28 HUF
700 EUR	270,482.66 HUF
800 EUR	309,123.04 HUF
1000 EUR	386,403.80 HUF
1500 EUR	579,605.70 HUF
2000 EUR	772,807.60 HUF
2500 EUR	966,009.50 HUF
3000 EUR	1,159,211.40 HUF
4000 EUR	1,545,615.20 HUF
5000 EUR	1,932,019.00 HUF
10000 EUR	3,864,038.00 HUF
15000 EUR	5,796,057.00 HUF
20000 EUR	7,728,076.00 HUF
30000 EUR	11,592,114.00 HUF
40000 EUR	15,456,152.00 HUF
50000 EUR	19,320,190.00 HUF
100000 EUR	38,640,380.00 HUF

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