Depends on how you invoice. Wise Business suits freelancers invoicing clients abroad in several currencies, Revolut Pro suits self employed people who want cards and expense tools, and Payoneer suits those paid through marketplaces and platforms. Note that Revolut Business does not accept sole traders, so the self employed use Revolut Pro instead.
Suits Freelancers and Sole Traders best
Depends on needs. Wise Business for multi currency invoicing, Revolut Pro for everyday self employed banking.
Typical monthly fee
Free tiers are common, with paid plans up to roughly EUR 25 a month depending on provider and plan, as of 16 May 2026.
Non resident position
Possible with full identity checks. Wise Business and Payoneer are more flexible for international freelancers, while Revolut Pro generally requires residency in a supported country. Unclear cases, verify with the provider.
Providers that fit
Several. At least three providers accept self employed people connected to Hungary.
Fees and features as of 16 May 2026Last reviewed 16 May 2026
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
Hungarian freelancers and sole traders, known locally as egyeni vallalkozo, mostly need a low cost way to invoice clients, receive payments at home and abroad, and keep clean records for tax. Wise Business suits invoicing and getting paid in several currencies, Revolut Pro suits the self employed who want cards and simple expense tracking, and Payoneer suits those paid through marketplaces and platforms. Revolut Business does not accept sole traders, so check Revolut Pro instead. Fees and eligibility shown as of 16 May 2026.
What Freelancers and Sole Traders in Hungary need from a business account
A Hungarian freelancer usually wants to keep business income separate from personal money, invoice clients at home and abroad, and limit the cost of receiving foreign payments. Whether a separate business payment account is legally required depends on your tax status, for example VAT registration, so confirm the current rules with your accountant. Multi currency accounts reduce the cost of getting paid in euro or dollars, while card and expense tools help with bookkeeping. The key eligibility point is that Revolut Business does not accept sole traders, so the self employed use Revolut Pro, while Wise Business and Payoneer accept individuals and sole traders subject to checks.
W
Wise Business
Local account details in forint, euro and more to invoice and get paid across borders, converted at the mid market rate. No monthly fee, a one time fee applies for account details.
Best for
Multi currency invoicing
Monthly fee
No monthly fee, a one time fee may apply for account details
Revolut account designed for the self employed, with cards and expense tools. Sole traders use Revolut Pro because Revolut Business is for incorporated companies only.
Best for
Everyday self employed banking
Monthly fee
Free to open, a percentage fee applies per payment received
P
Payoneer
Receiving accounts in USD, EUR and GBP for freelancers paid by marketplaces and platforms, with per transaction pricing. A receiving account rather than a domestic forint current account.
Compare accounts for Freelancers and Sole Traders in Hungary
These providers accept freelancers and sole traders connected to Hungary. Fees and eligibility shown as of 16 May 2026. Confirm current terms with the provider before applying.
Questions about banking for Freelancers and Sole Traders in Hungary
Do freelancers in Hungary need a business bank account?
Whether a separate business payment account is legally required depends on your tax status, including whether you are registered for VAT. Many sole traders keep a dedicated account anyway to separate business income from personal money and simplify bookkeeping. Confirm the current rule for your situation with your accountant. This is general information, not advice.
Can a Hungarian sole trader open a Revolut account?
Revolut Business does not accept sole traders, so the self employed use Revolut Pro, which is built for freelancers and the self employed. Wise Business and Payoneer accept individuals and sole traders subject to identity and business checks. Confirm current eligibility with each provider as of 16 May 2026.
How can freelancers get paid in euro or dollars in Hungary?
Wise Business gives local account details in forint, euro and several other currencies, and Payoneer offers USD, EUR and GBP receiving accounts. Both let you receive client and platform payments without forcing every payment into forint at once. Confirm current currency support with the provider.
What fees should freelancers in Hungary watch?
Watch any monthly plan fee, the percentage taken on payments received, currency conversion charges, and withdrawal fees. For customers registered in Hungary, Wise also passes on a Hungarian financial transaction charge on some transfers. Compare the full fee schedule rather than the headline price, as of 16 May 2026.
Fees, features, and eligibility change and vary by region. This page was last reviewed on 16 May 2026. Confirm current terms with the provider before applying.