Discover the Power of UniCredit Mobile Banking in Budapest

Published: November 29 2023

Mobile banking has become increasingly popular in Hungary, with a significant percentage of the population using mobile banking applications to manage their finances. In this article, we will explore the benefits and features of UniCredit's mobile banking app in Budapest.

Mobile banking allows users to conveniently manage their finances anywhere and anytime, as long as they have access to mobile internet or WiFi. UniCredit's mBanking app is available for both iPhone and Android devices, providing users with easy access to their bank accounts and associated bank cards.

The app provides a comprehensive view of your expenses and income, with transactions displayed in chronological order. Transactions are categorized into different categories such as food, transportation, lifestyle, entertainment, and utilities, allowing you to analyze your spending patterns and make informed financial decisions. Additionally, the app also displays your income sources and the total amount received from each source.

UniCredit's mobile banking app allows users to initiate instant transfers, with funds reaching the recipient within seconds. This feature comes in handy when card payments are not possible, such as when making purchases from individuals. The app also offers the option to save transaction templates, making it easier to repeat frequently made transfers.

Users can set up standing orders for regular payments, ensuring that recurring payments are made on time. Whether it's weekly or monthly payments, you can easily schedule and automate these transfers through the app. Additionally, the app allows payments to be made using secondary identifiers such as email addresses, phone numbers, or tax numbers.

The app allows users to manage the limits associated with their bank cards. You can easily adjust daily card purchase limits, cash withdrawal limits, and online shopping limits. This provides an added layer of security, allowing you to keep these limits low by default and increase them temporarily for specific transactions.

UniCredit's mobile banking app offers a range of convenient features for managing your finances on the go. From tracking expenses and income to making quick transfers and managing card limits, mobile banking provides a convenient and accessible way to stay in control of your finances.

What percentage of retail customers in Hungary use mobile banking? According to the Magyar Nemzeti Bank (MNB), 34% of retail customers in Hungary already manage their finances exclusively through mobile banking applications.

Why is mobile banking so popular in Hungary? Mobile banking is popular in Hungary because it provides convenience and accessibility. With a mobile phone and internet or Wi-Fi connection, individuals can easily manage their finances anytime and anywhere.

How can I access UniCredit's mobile banking service in Hungary? UniCredit's mobile banking service, called mBanking, is available for both iPhone and Android devices. You can download the app from the respective app stores and log in to access your account information and perform various banking transactions.

What information can I see on the mBanking app's home screen? Upon logging in to the mBanking app, you will immediately see your account balance and any associated bank cards. If you have multiple cards linked to your account, you can switch between them within the app. You can also customize whether the current balance is visible or hidden on the home screen.

How does the mBanking app categorize and display expenses? The mBanking app displays your expenses in chronological order, with pending transactions appearing slightly faded. Each transaction includes information such as the amount, payee (for card payments), and recipient's name (for transfers). There are also color-coded icons that categorize expenses into different categories such as food, transportation, lifestyle, entertainment, utilities, and more.

Can I include cash expenses in the expense analysis on the mBanking app? Yes, you can add your cash expenses to the expense analysis on the mBanking app. This allows for a comprehensive overview of your spending habits and promotes financial awareness.

What information does the mBanking app provide regarding income? The mBanking app separates and displays your income sources. By tapping on a specific sender, you can see the total amount received from that source within the current year. For expenses, tapping on a specific transaction will show the total amount spent in that category for the year.

Can I make instant transfers through UniCredit's mobile banking service in Hungary? Yes, you can initiate instant transfers through UniCredit's mobile banking app. These transfers can reach the recipient's account within seconds, which is especially useful when card payments are not an option.

How can I simplify recurring transfers through the mBanking app? The mBanking app allows you to set up recurring transfers. You can specify the frequency, such as weekly or monthly, and ensure that the designated amount is automatically sent on the desired schedule. This feature helps ensure timely payments, such as for recurring expenses like school fees.

Can I modify the limits on my bank cards through the mBanking app? Yes, you can modify the limits associated with your bank cards through the mBanking app. This includes daily card purchase limits, cash withdrawal limits, and online purchase limits. You can customize these limits to suit your needs, and they can be adjusted temporarily for specific transactions if required.

Are bank statements available for download through the mBanking app? Yes, you can download your bank statements through the mBanking app. This feature allows you to access and save your statements digitally for record-keeping or reference purposes.