For Hungarian businesses, the financial transaction tax and high banking fees pose an increasing challenge, significantly raising operational costs. For larger transactions, the transaction tax can reach its cap of HUF 20,000, which can be a substantial expense for companies. However, new-generation fintech service providers such as Wise, Revolut, and BinX offer effective alternatives to optimize costs. These platforms provide competitive pricing, lower transaction fees, and flexible financial solutions to help businesses reduce financial burdens.
Costs and Fees of Fintech Service Providers
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The financial transaction tax and banking fees are unavoidable costs that place a significant burden on businesses, making it essential to consider alternative solutions. This comparison introduces key fintech service providers to help businesses make optimal financial decisions. Our goal is to provide a clear comparison of different solutions so that every business can find the financial partner that best supports its operations.
Wise
From February 2025, Wise plans to introduce the pass-through of the Hungarian financial transaction tax for businesses with a registered office or place of business in Hungary. This means that, while account maintenance remains free, a 0.45% fee would be charged for transfers within Hungary, with a cap of HUF 20,000. This fee would also apply to transfers between Wise Business accounts. More details on Wise fees can be found here: Wise Business Fees.
Revolut
As of February 10, 2025, Revolut has not announced any changes related to the Hungarian financial transaction tax. Currently, its Basic package has a monthly fee of HUF 3,800, and each domestic transfer costs HUF 70. A key advantage is that transfers between two Revolut Business accounts remain completely free. More details on Revolut’s business fees can be found here: Revolut Business Fees.
BinX
The BinX is a new player in the market, aiming to build its customer base with an aggressive pricing strategy. During its introductory period, it offers free transfer fees, which are valid until the end of February. After that, customers can choose from three account packages: a free option, a HUF 2,990 per month package, and a HUF 9,990 per month package. Transfer fees are fixed at HUF 399, HUF 299, and HUF 199 per transaction, making it a competitive alternative to existing fintech providers. However, it is important to note that BinX currently does not offer foreign currency accounts or any currency conversion services related to its HUF accounts, neither for incoming nor outgoing transfers. More details on BinX business fees can be found here: BinX Business Fees.
Summary and Comparison Table
| Transaction Type | Wise | Revolut | BinX |
| 10 transfers of HUF 100,000 each | HUF 4,500 (100,000 × 0.0045 = 450 per transfer) | HUF 700 (70 per transfer) | HUF 3,990 (Fixed 399 per transfer) |
| 5 transfers of HUF 1 million each | HUF 22,500 (1,000,000 × 0.0045 = 4,500 per transfer, cap at 20,000) | HUF 350 (70 per transfer) | HUF 995 (Fixed 199 per transfer) |
Comparison of Business Account Maintenance Fees
| Service Provider | Monthly Fee | Additional Costs |
| Wise | HUF 0 | Transfer fee: 0.45%, max. HUF 20,000 |
| Revolut | HUF 3,800 (Basic package) | HUF 70 per transaction |
| BinX | HUF 0 – HUF 9,990 (depending on package) | HUF 199-399 per transaction |
Important Information: This article is based on information available as of February 10, 2025. The data, analyses, and conclusions published in this blog post are for informational purposes only. Since every situation is unique, the article does not take into account individual tax or accounting specifics. Therefore, the contents of this blog do not constitute tax, legal, or financial advice. We do not assume liability for the completeness, accuracy, or timeliness of the provided information. For more precise details, please contact our customer service! We strongly advise against making business decisions based solely on this blog post, as we cannot take responsibility for any resulting damages or legal consequences.
