Personal Finance

Best way to send money from Canada to Hungary?

  • Last Updated:
  • Nov 9th, 2013 8:09 am
Deal Addict
Mar 17, 2004
4898 posts
If the person is trusted and you regularly send it. Open a HSBC bank account. Send them the debit card. I believe they can withdraw from HSBC Hungary without paying anything other than currency conversion. When my mom travels from here to Hong Kong she just straight withdraws her funds from the HSBC machine in Hong Kong
Deal Addict
User avatar
Dec 28, 2011
2492 posts
I would think the bank wire would be the cheapest but make sure the recipient has a CDN $ account in Hungary or it will be converted to the local currency at the bank's rate which generally is not optimum or the best rate.

And remember its not only your cost. The cost for the recipient must be consider as well. The receiving bank and the bank facilitating transfers could and will take a cut. So when sending so called "a wire or international remittance or what-ever" ask the bank, agent here if there are cost at the other end.