Best ways to send money to Hungary from Bulgaria
🏅 The overall best way to send BGN to Hungary: Instarem
💲 The cheapest way to send money to Hungary from Bulgaria: Instarem
⏲️ The fastest way to send money to Hungary from Bulgaria: Instarem
🏦 The best way to send money from Bulgaria to Hungary via a bank transfer: Instarem
💳 The best provider for credit card transfers from Bulgaria to Hungary: Instarem
💳 The best provider for debit card transfers from Bulgaria to Hungary: Instarem
BGN to HUF
The modern Hungarian forint (HUF) used across the country today was introduced into circulation in 1946, following the Second World War. After joining the European Union in 2004, Hungary had intentions to adopt the Euro as its official currency, but there have been delays due to the financial assistance required to service the country’s large debts.
HUF is issued by the central bank of Hungary, the Hungarian National Bank, who are also responsible for achieving and maintaining price stability. Unlike other European currencies, the forint is not pegged to any currency. When visiting the country or sending money to recipients there, the euro is accepted by some merchants, but the exchange rate is generally much lower than the mid-market rate and any change will be issued in local currency.
Choosing the best service provider
When considering how to send money Hungary from Bulgaria there are some key aspects of the transfer to consider.
The fastest provider is Instarem, transfers from this provider normally take [SPEED]. The cheapest provider we found is Instarem at 199.88% Above Mid-Market Rate.
If you’re looking for the best combination of price, speed, and reliability we recommend using Instarem when transferring BGN to HUF.
This means that by using Instarem for online money transfers to Hungary from Bulgaria, you are likely to save on transfer fees and benefit from fast speeds - so your recipient will get more money and have it delivered in less time.
Alternatively, if you are unable to access Instarem for any reason, our comparison engine has found and also to be very good options when sending BGN - HUF.
This recommendation was updated one minute ago.
The cheapest way to send money from Bulgaria to Hungary
In order to avoid high fees, you should consider the cheapest way to send from Bulgaria to Hungary.
Instarem has been determined by our comparison engine to be currently offering you the cheapest rates possible.
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The fastest way to send money from Bulgaria to Hungary
When sending money from Bulgaria to Hungary, speed is one of the biggest factors you need to consider in terms of the service offered by different money transfer providers. Currently, Instarem is the fastest way to send BGN - HUF.
What payment methods are available when sending money from Bulgaria to Hungary?
Most money transfer providers allow you to deposit and send money using various payment methods, but not all providers offer every option. Typically you’ll find the most common methods are bank transfers and card payments, but many providers also accept cash and some will even deliver funds straight to your recipient’s door.
Sending money to Hungary from Bulgaria using credit card
To avoid high fees you can opt to use an online money transfer provider such as Instarem to pay for your transfer to Hungary.
Sending money to Hungary from Bulgaria using a debit card
With Instarem you can send money online to Hungary using your debit card. But before making a payment, make sure you understand all the processing fees in place.
Using a wire transfer to send money from Bulgaria to Hungary
Bank and wire transfers are the most common ways of sending money Hungary as they are secure, reliable, and convenient. However, they often come with the slowest delivery times in case speed is an important factor for you. You can use Instarem to send money using a bank or wire transfer at a great rate as long as you’re happy for your transfer to take 1-2 days.
If you want to make an international transfer using wire transfer, you will need to know the SWIFT/BIC code of your recipient in Hungary. If you're unsure what it is, check out our SWIFT calculator to figure out the correct SWIFT code in Hungary.
When sending money to Hungary from Bulgaria using bank account transfer you are paying for the outgoing fees, flat fees, currency exchange rate markup, and sometimes an additional incoming transfer fee.
On the other hand, you usually only pay a sender fee and a small exchange rate markup when using online money transfer services such as Instarem, and .
Considerations for a BGN - HUF Currency Transfer
Before sending money to Hungary from Bulgaria, you should consider the following:
The amount you want to transfer: It is likely that the more money you send to Hungary the more value you will get and more HUF the recipient will receive. This is because any flat fee charged ends up as a smaller percentage of your transfer amount, and also because many providers allow you to negotiate a better exchange rate margin if sending large amounts.
The BGN - HUF exchange rate margin: Money transfer providers charge a small percentage on top of the mid-market exchange rates in order to generate revenue. Current mid market rate is 201.794917 and the lowest exchange rate margin is currently offered by Instarem at 199.88% above the mid market rate.
Hidden fees & charges: Before sending money to Hungary, make sure the provider you are using doesn’t charge any hidden fees. Our reviews of the top ranked providers Instarem, undefined and undefined will give insight here.
How to send money from Bulgaria to Hungary at the best rate?
This one’s easy. Simply use our comparison table above to find the best provider to send BGN to HUF. After that it’s just a process of making your transfer via the following steps:
Click “Visit Site” inside our comparison table
Register for an account if required
Input how much you are willing to send
Fund your transfer
Receive & save an email confirming your transfer
How to receive transfers from BGN to HUF in Hungary?
Your recipient has a few methods available to receive your money in Hungary. These will vary between providers, but it is possible to find services that will:
Deposit HUF directly into a bank account
Enable the recipient to pick up cash a specific locations across Hungary
Deliver money directly to their door
Send HUF to your recipient’s mobile wallet
If your recipient is going to collect or have the money delivered to them in Hungary, then they will usually need the following:
A government issued I.D document such as passport, drivers license and Hungarian national identity card
The money transfer reference number
Senders details and the amount of money sent
How much money can be transferred from Bulgaria to Hungary?
The amount of HUF you can receive from Bulgaria will largely depend on the money transfer service you are using. There are providers that specialise in smaller remittance payments, and providers who specialise in larger transfers.
You should also check if there are any government regulations pertaining to the amount of HUF that can be received in Hungary or sent from Bulgaria before making your transfer.
About Money Transfers to Hungary from Bulgaria
We’ve compared the best money transfer providers to send money from Bulgaria to Hungary. The cheapest provider for BGN to HUF transfers is Instarem, while the fastest is Instarem.
|💰 Most transferred amount||1000HUF +|
|💸 Cheapest provider (on average)||Instarem|
|⚡ ️Fastest transfer time||In minutes with Instarem|
|💱 Currency Transfer Pair||BGN - HUF|
|📈 BGN - HUF mid market rate||201.794917|
|💳 Pay-in options in Bulgaria||Bank transfer from Bulgaria with Instarem, Debit card with Instarem, Credit card with Instarem|
|💵 Pay-out options in Hungary||Bank accounts in Hungary, Debit card|
|🏆 Top 3 BGN - HUF providers||Instarem, and|