About USD and HUF

Minimal financial policies have been placed to ease the transfer of money from US to Hungary and most states in the world. This is because the US has recognized that there is a need for money transfer in this modern era we are living in. Employees need to be paid as well as families need to receive their money. More so, businesses and property purchases are being made on an occasional basis in Hungary. 

You cannot afford to be left behind. Learn the secret other people are using to send their money at effective rates here at ERIQ.

How to send money from US to Hungary

With all these said, let us now get to it. If you have been pondering about how to send money from US to Hungary and you do not know where to start from, know that we are here to cover everything. The first step in making an international money transfer is to look at the various transfer companies that offer these services. Indeed they are a lot and you may be in a dilemma as to which one to pick. 

You do not have to be limited when it comes to good companies that can offer a variety of services for you. Online money transfer companies are an excellent choice when it comes to this. To send money from US to Hungary, you may want to consider picking: 

• Fast service providers like TransferWise, WorldRemit and XE Money.

• Transfer companies that offer competitive exchange rates like TransferWise, XE Money, Remitly and OFX

• Fast location based agents that offer direct pick-up of cash like Western Union and Travelex.

• Transfer services that have a simple to use platforms like Remitly and XE Money.

• Options that have minimal to no limit on the minimum amount you can transfer like CurrencyFair and WorldRemit.

• Safe transfer options like banks and all the above-mentioned money remittance companies.

To get more precise information like this, you need to keep on checking with Exchange Rate IQ as the rates and fees of these companies keep on changing. With our research, you will never be left behind in the financial and foreign markets.

5 important things to consider when choosing a method to transfer money from US to Hungary

1. Costs of transfer

   This is very crucial as some companies offer low costs while others offer high costs. You have to check on hidden fees that may be placed on the exchange rates too.

2. Mode of receipt

   You can ask the recipient if they want to receive their money via the bank, online or through specific agent locations and choose an option that offers exactly that.

3. Restrictions imposed

   What are the minimum and maximum transfer limits imposed by different transfer companies?

4. Exchange Rates

   Is the exchange rate offered by these companies closer to the real exchange rate. The closest one among your options is the best pick.

5. Speed of transfer

   As we have already told you the company with the fastest transfer speeds, this will be easier for you. All you need to do is compare its rates with the rest and see if it is comfortable with you.