Published: December 13 2023
As the holiday season approaches, our spending habits change and we often find ourselves using more cash or turning to our bank cards more frequently. In this article, we will explore the cheapest bank accounts in Budapest for the end of 2023, allowing you to save money while enjoying the festivities.
The Benefits of a Free Bank Account
Having a free bank account can save you significant amounts of money, especially during the holiday season when our spending tends to increase. Through Bankmonitor, you can find and apply for free bank accounts that can help you eliminate all banking fees. While skepticism may arise when something is offered for free, it is worthwhile to take a closer look at the conditions and requirements set by the financial institution to ensure that you can truly enjoy a cost-free account.
The Cheapest Bank Accounts for Different Income Levels
In this section, we will explore the cheapest bank accounts available for three different income levels: 75,000 HUF, 200,000 HUF, and 400,000 HUF.
Affordable Accounts for 75,000 HUF Income
Even with a monthly income as low as 75,000 HUF, there are options for obtaining a free bank account. The UniCredit Bank Partner Aktív Zéró Csomag offers exceptional opportunities for individuals without full-time employment or who are currently studying and earning income through part-time jobs. It is also suitable for those who receive supplementary income such as maternity benefits or pensions. With a minimum required income of 75,000 HUF, which excludes transfers between UniCredit Bank accounts, this package can be attained in multiple installments. The account is valid for three years, can only be applied for through Bankmonitor, and includes a free Mastercard Standard card as well as free transfers through mobile banking, standing orders, and direct debits.
Budget-Friendly Accounts for 200,000 HUF Income
For those with a monthly income of 200,000 HUF, there are options for two free bank accounts. Alongside UniCredit, the CIB Bank ECO package is an affordable choice that is attainable with an income equal to the current minimum wage. It is important to note that the incoming amount does not necessarily have to come from employment and can be received in multiple installments. With this account, cash deposits and transfers between the account holder's own CIB Bank accounts are not included. The CIB ECO account offers free transfers through various electronic channels, such as internet banking and mobile applications, and also provides free standing orders and a Visa Inspire electronic card. This opportunity for a free personal bank account can only be accessed through Bankmonitor.
Multiple Free Accounts for 400,000 HUF Income
For a monthly income of 400,000 HUF or more, there are even more options available, including the newly introduced Erste Bank Privilégium 2.0 Partner package and the Raiffeisen Prémium Gold 2.0 Számlacsomag. The Erste Bank alternative can be obtained with a minimum income of 225,000 HUF, which must be deposited as a lump sum into the account. This three-year free bank account is not accessible by visiting a branch, but can be opened through selected partner institutions, such as Bankmonitor. The Erste Privilégium 2.0 Partner package offers free transfers through mobile and internet banking, free standing orders, and a Mastercard Start or Visa Electron card. The Raiffeisen Prémium Gold 2.0 Számlacsomag also provides multiple free services and is another cost-effective option for those with a higher income.
Conclusion
By choosing the right bank account, you can minimize your expenses during the holiday season. Whether you have a lower or higher income, there are options available that can help you save money on banking fees. It's important to evaluate the conditions and requirements of each account to ensure that they align with your financial needs.
Questions & Answers
What is the purpose of the article? The article provides information on the cheapest bank accounts available in Budapest for the end of 2023.
Why might people need to know about the cheapest bank accounts in Budapest? People might need to know about the cheapest bank accounts in Budapest to save money on banking fees and expenses.
How can one save a significant amount of money with bank accounts in Budapest? By choosing the right bank account, one can save a significant amount of money on banking fees and expenses.
Are there any banks in Budapest that offer free bank accounts? Yes, there are banks in Budapest that offer free bank accounts.
What is the UniCredit Bank Partner Active Zero Package? The UniCredit Bank Partner Active Zero Package is a bank account that requires a minimum monthly deposit of 75,000 HUF and is suitable for individuals with various income levels, including part-time workers, students, pensioners, and those receiving supplementary income.
What are the benefits of the UniCredit Bank Partner Active Zero Package? The UniCredit Bank Partner Active Zero Package offers a free bank account for 3 years, a free Mastercard Standard card, free transfers through mobile banking, free direct debits, and free standing orders.
How can one apply for the UniCredit Bank Partner Active Zero Package? One can apply for the UniCredit Bank Partner Active Zero Package through the Bankmonitor website, as it is not available for direct application at the bank branch.
What is the CIB Bank ECO bank account? The CIB Bank ECO bank account is another option for a cheap bank account in Budapest. It requires a minimum monthly deposit equivalent to the current minimum wage.
What are the benefits of the CIB Bank ECO bank account? The CIB Bank ECO bank account offers free transfers, free standing orders, free CIB Inspire electronic card, and free forint transfers through any electronic channel of CIB Bank.
How can one apply for the CIB Bank ECO bank account? One can apply for the CIB Bank ECO bank account through the Bankmonitor website to enjoy the favorable terms and conditions.
Are there any free bank accounts available for individuals with a monthly income of 400,000 HUF or more? Yes, there are four free bank account options available for individuals with a monthly income of 400,000 HUF or more.
What are the options for free bank accounts with a monthly income of 400,000 HUF or more? The options for free bank accounts with a monthly income of 400,000 HUF or more include the Erste Bank Privilégium 2.0 Partner package and the Raiffeisen Prémium Gold 2.0 account.
What are the benefits of the Erste Bank Privilégium 2.0 Partner package? The Erste Bank Privilégium 2.0 Partner package offers free transfers through mobile and internet banking, free direct debits, and a free Mastercard Start or Visa Electron card.
How can one apply for the Erste Bank Privilégium 2.0 Partner package? To apply for the Erste Bank Privilégium 2.0 Partner package, one can go through the Bankmonitor or other selected partners, as it is not directly available at the bank branch.
What are the benefits of the Raiffeisen Prémium Gold 2.0 account? The Raiffeisen Prémium Gold 2.0 account offers free monthly maintenance fees, free transfers through e-banking, free standing orders, and a free Mastercard Credit card.
How can one apply for the Raiffeisen Prémium Gold 2.0 account? To apply for the Raiffeisen Prémium Gold 2.0 account, one can go through the Bankmonitor or other selected partners.
Where can one find more detailed information about these bank accounts and their terms and conditions? One can find more detailed information about these bank accounts and their terms and conditions on the Bankmonitor website.