How to open a business account in Hungary

Snapshot

To open a business account in Hungary you register the business, obtain a tax number known as the adoszam, gather identity documents for the owners and signatories, then apply online or in branch. A Kft registers through the company court into the company register, while a sole trader registers as an egyeni vallalkozo through the Client Gate. Online accounts can onboard in a few business days, while traditional banks can take longer.

Core documents: Company register extract for a company or the sole trader registration, the adoszam, plus identity for owners and signatories
Typical timeline: Often a few business days for online accounts, longer for traditional banks
Can a non resident open: Possible where the business is registered in Hungary. Identity checks apply to all owners. Verify with the provider.
Most providers: Several business accounts across banks and neobanks

Fees and features as of 11 October 2025Last reviewed 11 October 2025

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

Opening a business account in Hungary generally means registering the business, getting an adoszam, then verifying the identity of owners and signatories. As of 11 October 2025, online accounts such as Wise Business and Revolut Business can onboard within a few business days for a registered Hungarian business, while traditional banks such as OTP Bank, MBH Bank and Erste Bank Hungary may need more steps and provide the forint corporate account a Kft is expected to hold. Confirm current requirements with the provider.

The steps to open a business account in Hungary

The process follows a familiar order. Register the business and its tax identifiers, choose an account that fits how you trade, prepare the documents, then complete identity verification. The detail and the timeline differ between online accounts and traditional banks, so confirm the current process with the provider you choose.

Register the business and tax identifiers

A sole trader registers as an egyeni vallalkozo through the Client Gate, the Ugyfelkapu online portal, while a company such as a Kft is set up through a lawyer and entered in the company register by the company court. After registration you obtain a company tax number, the adoszam, an eleven digit number, and an EU VAT identifier in the format HU followed by eight digits. As of 11 October 2025, proof that the business exists is commonly required to open an account, so complete registration first. A Kft is formed with a minimum share capital of HUF 3,000,000 contributed in cash or in kind. Verify the requirements with the provider.

Prepare documents and verify identity

Gather identity for owners and signatories, the company register extract or sole trader registration, the adoszam, and proof of the business address. Banks and fintechs run anti money laundering checks. As of 11 October 2025, online onboarding is usually digital, while traditional banks may ask a signatory to verify identity in person. Confirm the current document list with the provider.

What you usually need to apply

Before you apply for a business account in Hungary, prepare these items, as of 11 October 2025. Verify with the provider

The company register extract for a company, or the egyeni vallalkozo registration for a sole trader, plus the adoszam.
Identity documents for owners, beneficial owners and account signatories.
Proof of the business address in Hungary and details of how the business operates.

How to open the account

Register the business and obtain the adoszam, and complete the Kft formation and capital where relevant, before you apply.
Choose an account that matches your transactions, currencies and team needs.
Complete the application and identity checks, then confirm the current requirements and timeline with the provider.

Compare business accounts available in Hungary

These providers accept business customers in Hungary and onboard online. Fees and eligibility shown as of 11 October 2025. Confirm current terms with the provider before applying.

Compare business accounts →

Questions about business banking in Hungary

What do I need to open a business account in Hungary?

You usually need proof that the business exists, the company register extract for a company or the sole trader registration, the company tax number known as the adoszam, identity documents for the owners and signatories, and proof of the business address. As of 11 October 2025 the exact list varies by provider. Confirm the current requirements before you apply. This is general information, not advice.

How long does it take to open a business account in Hungary?

Online accounts such as Wise Business and Revolut Business can often onboard within a few business days once the company is registered and identity is verified. Traditional banks such as OTP Bank, MBH Bank and Erste Bank Hungary can take longer, sometimes a few weeks for complex structures. As of 11 October 2025 timelines vary. Confirm with the provider.

Does a Kft need a Hungarian forint account?

A registered Hungarian company is commonly expected to hold a forint corporate account for tax and payroll, and a Kft is formed with a minimum share capital of HUF 3,000,000 contributed in cash or in kind. As of 11 October 2025, a multi currency account from a provider such as Wise Business can sit alongside the forint account for payments outside the forint. Confirm the requirement with the provider and a qualified adviser.

Can I open a business account online in Hungary?

Yes. As of 11 October 2025, providers such as Wise Business and Revolut Business onboard online for a registered Hungarian business, and some traditional banks offer online applications for simple cases. Confirm the current process with the provider.

Fees, features, and eligibility change and vary by region. This page was last reviewed on 11 October 2025. Confirm current terms with the provider before applying.