Expat Advice: Financial Issues in Budapest, Hungary

What is the name of the city or town that you are reporting on?

Budapest

Which banks do you use? If you have a local account, which bank do you use? How do you like it? Do you also have an account in your home country? Which bank? Do they charge for ATM withdrawals? Do they charge a lot for international wire transfers? How has it been working with them from abroad? Do you use a special international wire transfer service? Do you use an online bank? If so, tell us about them.

Before retiring in Budapest, expats should familiarize themselves with the local language, Hungarian, as it is the official language of the country. Expats should also research the cost of living in Budapest, as it is generally lower than in other European cities. Additionally, expats should research the healthcare system in Hungary, as it is a public system and may require additional private insurance. Finally, expats should research the visa requirements for retirement in Hungary, as there are specific requirements for those wishing to retire in the country.

Allianz Care
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Allianz Care's plans ensure that you have access to quality healthcare whenever you need it. Our flexible solutions allow you to tailor your cover to meet your needs and budget. You can submit your claims digitally and our helpline is available 24/7 to help you anytime.

Allianz Care

Allianz Care's plans ensure that you have access to quality healthcare whenever you need it. Our flexible solutions allow you to tailor your cover to meet your needs and budget. You can submit your claims digitally and our helpline is available 24/7 to help you anytime.
Get Quote