Send Money from Portugal to Hungary
Compare EUR → HUF exchange rates from top providers
AI Quick Verdict
As of April 17, 2026, the cheapest way to send money from Portugal to Hungary is via Wise, costing $4.60 in fees with an exchange rate of 1 EUR = 364.74 HUF. Sending $1,000 delivers HUF 363,062.99 to your recipient in ~1 hour.
Compare EUR → HUF Rates
Best rate — they receive (HUF)
HUF 363,062.99
via Wise
Sending EUR 1,000 to Hungary
Updated Apr 17, 06:00 AM
| Provider | Exchange Rate | Fee | Speed | You Send | They Receive | |
|---|---|---|---|---|---|---|
WiseBest rate | 1 EUR = 364.74 HUF | $4.60 | ~1 hour | EUR 1,000 | HUF 363,062.99 | Send → |
RevolutRunner-up | 1 EUR = 363.65 HUF | $5.00 | ~1 day | EUR 1,000 | HUF 361,828.35 | Send → |
Remitly | 1 EUR = 359.27 HUF | $15.00 | ~3 hours | EUR 1,000 | HUF 353,880.64 | Send → |
WorldRemit | 1 EUR = 357.45 HUF | $13.99 | ~6 hours | EUR 1,000 | HUF 352,445.31 | Send → |
* Rates are indicative. Final rate confirmed at provider's checkout. RateCurb may earn a commission if you click and sign up.
vs Traditional Banks
You save up to $75
on a EUR 1,000 transfer
Wise
BEST RATEBank of America
+5% markup + $35 wire fee
Wells Fargo
+4.5% markup + $25 wire fee
Sending money from Portugal to Hungary typically costs 3-8% more through your bank than using digital providers like Wise or Remitly. Costs range from €2-80 per transaction, depending on your choice. Use this guide to compare rates, fees, and speed options for the EUR to HUF corridor.
Our verdict: Use Wise for any transfer over €500 where timing isn't urgent — you'll save 3-8% on exchange rates compared to Portuguese banks.
Sending EUR to HUF: Who Moves Money on This Route?
The Portugal-to-Hungary corridor moves steady remittances from Portuguese expats in Budapest, families supporting relatives, and business owners paying contractors. It's not massive like Poland, but reliable — and remittances play an important role in Hungary's economy, pumping capital into local communities. That infrastructure matters because providers have built genuine, efficient networks for this corridor.
Banks vs Digital Providers: The 3-8% Reality
Your Portuguese bank will cost you 3-8% more than digital providers. Traditional banks quote mid-market EUR/HUF rates then add hidden markups. A €1,000 transfer loses €30-80 to markup alone. Standard banking regulations apply for sending from Portugal to Hungary, but that doesn't mean you need your bank.
Digital providers — Wise, Remitly, Revolut, WorldRemit — use real mid-market rates with minimal markups. Wise sits closest to true rates (0.5-1% markup), Remitly charges 1-2%, and Revolut 1.5-2% depending on tier. For €1,000, Wise costs €5-10 versus your bank's €30-80. The difference compounds.
Flat Fees Versus Exchange Rate Markups
Banks advertise low flat fees (€3-5) but hide profits in exchange rates. Digital providers reverse this — charging €2-3 fees but keeping rates tight. For amounts under €500, flat fees dominate costs. For €1,000+, exchange rate markup becomes the dominant factor. Always compare final HUF received, not advertised fees.
Speed: Instant Versus Economy
Wise offers instant Hungarian delivery for a 1% premium (€10 extra per €1,000). Remitly's economy takes 3-5 days at no premium. Most senders don't need same-day delivery, so economy transfers deliver better value.
Delivery: OTP and K&H Bank
OTP Bank and K&H Bank control 40% of Hungary's market combined. All major digital providers deliver directly to these institutions at zero extra cost. Sending to OTP or K&H accounts is seamless. Smaller regional banks add a day or two but still work fine.
Tax and Regulatory Framework
Both Portugal and Hungary enforce standard banking regulations for transfers, requiring basic information (recipient name, account, purpose) but no special permits. No bureaucratic delays. Keep records for tax purposes — Portugal asks about large outflows, Hungary tracks inflows over thresholds for tax reporting.
Practical Tips to Maximize Your Rate
- Transfer mid-week (Tuesday-Thursday) when European markets are active. Avoid Monday and Friday when spreads widen.
- Use rate alerts on Wise or Remitly for amounts over €2,000. Transfer immediately when your target rate hits.
- For recurring monthly sends under €500, Revolut's standing orders save time, though rates sit slightly below Wise.
- Avoid transfers after major economic announcements (ECB decisions, Hungarian inflation data) when volatility spikes rates.
- Split transfers over €5,000 into two payments 2-3 days apart to reduce market exposure and spread rate risk.
Your Best Move
Skip your Portuguese bank and use Wise for transfers over €500 where timing isn't urgent — you'll save 3-8% on exchange rates compared to traditional banking. Hungary's strong banking infrastructure ensures reliable delivery, and remittances genuinely support local economic ties. You're supporting real economic relationships across Central Europe.
Frequently Asked Questions
What is the best EUR to HUF exchange rate?
Wise offers the tightest rates at 0.5-1% markup over mid-market, while Remitly sits at 1-2% and Revolut at 1.5-2%. Your bank typically adds 3-8% hidden markup on the exchange rate, making it the most expensive option by far.
How long does it take to send money from Portugal to Hungary?
Wise offers instant delivery for a 1% premium, while Remitly's economy option takes 3-5 business days at no extra cost. Most transfers arrive within 1-2 business days if sent mid-week using economy options.
What are the fees for sending money from Portugal to Hungary?
Digital providers charge €2-3 flat fees while banks charge €3-5, but the real difference lies in exchange rate markups. For transfers over €1,000, the exchange rate markup costs far more than any flat fee difference.
Is it safe to use online money transfer services?
Yes, regulated digital providers like Wise, Remitly, and Revolut use bank-grade encryption and are licensed money transmitters across the EU. Both Portuguese and Hungarian banking regulations require standard anti-money-laundering checks, making international transfers secure and compliant.
How to send money from Portugal to Hungary
- 1Choose your provider — Compare rates above and pick the one with the best EUR to HUF rate.
- 2Create a free account — Most providers take under 5 minutes to verify your identity.
- 3Enter your recipient's details— You'll need their bank account number and routing information.
- 4Pay and track — Fund your transfer and track it in real time.