Published: December 22 2023
The OTP Health Fund in Hungary offers a new function that makes it easier for members to enjoy tax refunds. By connecting their bank cards to their OTP Health Fund card online, members can receive up to HUF 150,000 in tax refunds with minimal effort and hassle. In this article, we will explore the key benefits and advantages of this new feature.
The Benefits of the OTP Health Fund
The main advantage of the OTP Health Fund is the 20% tax refund, which can provide assistance in various life situations such as recovery, lifestyle changes, or starting school. By having an OTP Health Fund account, individuals can receive up to HUF 150,000 in tax refunds annually, based on their individual and employer contributions. Additionally, a portion of cafeteria benefits can also be requested to be deposited into the health fund account, allowing individuals to support their own and their family's health from various sources.
The New Feature: Connecting Bank Cards
Previously, members had to manually deposit funds into their health fund account to benefit from the advantages of the OTP Health Fund. However, with the new feature of connecting bank cards to the OTP Health Fund card, this process has become even more convenient. Now, individuals can automatically make payments with their bank card when using their health fund card for eligible expenses, without the need to manage their account balance or make manual deposits. Although a small fee of 6.5% applies to transactions made with the connected bank card, the benefits of the health fund membership, including the 20% tax refund, outweigh this cost.
The Advantages of the New Feature
The new feature of connecting bank cards to the OTP Health Fund card offers several advantages to members.
- Automatic Transactions: The entire process of expense reimbursement and fund management is automated when using the connected bank card. Users can easily make payments with their health fund card without the need for prior planning or manual deposits, enhancing the user experience.
- Convenience: Manual deposits can be time-consuming and inconvenient for many users. Connecting bank cards greatly improves the convenience of utilizing the advantages of health fund membership, allowing seamless payments with the health fund card.
- Security: Users can rest assured that connecting their bank cards is secure, as the card details cannot be accessed from the customer portal where this feature is set up (www.otpportalok.hu).
Join the OTP Health Fund and Win!
To further incentivize individuals to join the OTP Health Fund, the fund is running a promotion where 10 lucky members have the chance to win additional savings. The OTP Health Fund will increase their savings by an extra 20% (up to a maximum of HUF 150,000) on top of the 20% tax refund. To participate in the draw, individuals must follow these steps:
- Join the OTP Health Fund.
- Deposit at least HUF 20,000 into their health fund account between November 20, 2023, and December 27, 2023. Payments made through connected bank card transactions also count as deposits. (Participating members can enhance their chances of winning by making additional HUF 20,000 deposits, as each deposit serves as an additional entry.)
- Register for the promotion between November 20, 2023, and December 27, 2023.
- The draw will take place on January 12, 2024. Further details about the promotion can be found on the OTP Health Fund's website.
Questions & Answers
What is the main advantage of the OTP Health Fund in Hungary? The main advantage of the OTP Health Fund in Hungary is the 20% tax refund that can provide assistance in various life situations such as recovery, lifestyle changes, or starting school.
How can I enjoy tax refunds with the OTP Health Fund in Hungary? To enjoy tax refunds with the OTP Health Fund in Hungary, you can link your bank card to your OTP Health Fund card online. This allows for easy access to annual tax refunds of up to 150,000 HUF with minimal attention and paperwork.
Who is eligible to participate in the OTP Health Fund's tax refund program in Hungary? Any long-term resident of Hungary, including Hungarian citizens and foreign nationals who have been living in Hungary for at least 3 months as of 1 October 2022, is eligible to participate in the tax refund program.
What are the benefits of having an OTP Health Fund account in Hungary? One of the main benefits of having an OTP Health Fund account in Hungary is the ability to receive a 20% tax refund on individual and employer contributions. This can amount to up to 150,000 HUF per year. Additionally, a portion of the cafeteria benefits can also be requested to be credited to the OTP Health Fund account.
What is the new feature that makes the OTP Health Fund more convenient in Hungary? The new feature of linking your bank card to your OTP Health Fund card allows for automatic deduction of payments when using the health card for transactions. This eliminates the need to manage the balance and regular deposits into the account.
Is the card linking feature safe for OTP Health Fund members in Hungary? Yes, the card linking feature is safe for OTP Health Fund members in Hungary. The card data is not readable from the customer portal where the linking function is set up. This ensures the security of personal and banking information.
How can I become a member of the OTP Health Fund in Hungary? You can become a member of the OTP Health Fund in Hungary by registering online from the OTP Health Fund customer portal or by visiting any OTP Bank branch in person.
Are there any additional benefits or promotions available with the OTP Health Fund in Hungary? Yes, there may be additional benefits and promotions available with the OTP Health Fund in Hungary. For example, there may be a chance to win up to 150,000 HUF through a prize draw for OTP Health Fund members who make a minimum deposit of 20,000 HUF into their health fund account during a specific period. Further details about promotions can be found on the OTP Health Fund's website.
