Opening an Account at MKB Bank Hungary
MKB Bank is an optimal solution for those planning to open an account in Hungary. This large financial institution has a strong reputation and affordable tariffs, providing services to both individuals and companies, including non-residents. The account opening timeline at MKB varies between 7 to 10 weeks, depending on:
- The accuracy of completing the bank forms.
- Timely submission of additional documents, if required.
The Hungarian MKB Bank offers accounts in euros, US dollars, Hungarian forints, Bulgarian lev, Swiss francs, and other EU currencies. There are also options for opening multi-currency accounts.
What conditions does MKB Bank Hungary offer?
Future MKB clients should be aware of the following:
- The bank opens deposit or current accounts.
- To open an account, a personal visit to the institution is required.
- The bank does not set minimum balance requirements, but each month there must be at least EUR 18 on the account to cover service fees.
- When opening an account, a one-time fee of HUF 39,000 must be paid.
- Incoming and outgoing transactions start from EUR 0.6.
To start working with MKB Bank (Hungary), individuals must provide identity and proof of residence documents, as well as correctly complete the bank forms. For companies, the procedure is more complex. Businesses need to prepare:
- Corporate documents: registration, statutory, and management appointment orders.
- Identity documents of company representatives and the board of founders.
- A business description in free form.
- Information about the source of funds.
The list of documents is not exhaustive, as the bank may request additional official paperwork.
Opening an account at MKB Bank: do it yourself or seek expert help?
Opening an account at MKB Bank, Hungary, independently is possible, but it is better to entrust this task to specialists who are fully aware of the bank’s current requirements. This way, both individuals and companies can avoid the main risks of account opening refusals and save valuable time.
To start preparing the required documents, contact our experts using the online form. You can also reach out to our specialists at any convenient time to ask any questions.
Free initial consultation on legal issues, related to the daily activities of the business
Frequently Asked Questions:
To open an account at MKB Bank, you must complete and submit the bank’s KYC and AML forms, company statutory documents, and personal documents of directors and beneficiaries. The bank may also request contracts with partners and other information. Key persons must undergo verification for successful account opening.
An account at MKB Bank can only be opened with a personal visit to the bank.
You can find the current account maintenance fees on the bank’s website or by contacting our specialists.
The time required depends on the company’s specifics and the speed of responses to the bank’s inquiries. On average, the account opening process takes about 2 months.
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