How do I send money to KH bank account no in Hungary from the USA?
Answered by Mohammed Waseem:
Dear Paul, there are many ways to transfer money from the USA to a bank account in Hungary, including an account with K&H Bank.
You can either use a bank’s wire transfer service or use an international money transfer service. Banks which have international wire service include Citi Bank, Wells Fargo, Bank of America and others. The fee for this will be between $25 and $35.
Money transfer services which support bank account deposit include Ria, Western Union, etc. There are many services, but I will talk about two leading ones. Western Union charges $20 for the transfer and takes 2 days to deposit the money in a bank account in Hungary, if you pay with a debit/credit card; they charge $5 if you pay with a US bank account, but takes 5 days for the deposit. You can start your transfer from here.
Ria Money Transfer has a similar service as well. They charge $19 if you pay with a card and $5 if you pay with a bank account. Money would be deposited within 2-4 business days. You can start sending money with Ria from here. Please note that these charges are for a random amount I chose, which is $300.