Published: December 01 2023
The Gránit Bank mobile application now offers a new feature that allows users to open fee-free foreign currency accounts and request digital currency cards in EUR, USD, CHF, and GBP. Additionally, the bank allows currency exchange at mid-market rates during banking hours without any fees or charges. This article will explore the benefits and details of these services provided by Gránit Bank.
Opening Fee-Free Foreign Currency Accounts
Existing account holders can easily open fee-free foreign currency accounts within the Gránit Bank mobile application. These accounts can be used immediately and have no account maintenance fees until the end of 2024. For new customers opening a forint account with Gránit Bank, they can simultaneously open a foreign currency account through the mobile application with a self or video identification process. With just a few clicks, users can also request digital currency cards that are available instantly and free of charge for the first year.
Currency Exchange at Mid-Market Rates
Gránit Bank has introduced a competitive service in comparison to international fintech providers. During banking hours (9 am to 5 pm), customers can exchange currencies such as EUR, USD, CHF, and GBP at mid-market rates without any fees or additional costs. The bank offers a discounted mid-market exchange rate, updated every 5 minutes, and customers can exchange currencies up to 550,000 HUF during working hours. This offer is not only advantageous in the domestic market but also in comparison to foreign fintech companies. Outside of working hours or for exchanges exceeding the limit, the bank will convert currencies at the current market rate, which is also favorable, free of charge.
Benefits of the Gránit Bank Service
The innovative services provided by Gránit Bank have multiple benefits in various situations. For example, during the busy Black Friday shopping period, many people purchase from international online stores. With Gránit Bank's service, customers can save significant amounts by avoiding extra fees and charges when exchanging currency. Additionally, as the ski season begins, more people are using their cards to pay for expenses abroad or make travel-related currency transfers. By utilizing the Gránit Bank service, individuals can enjoy mid-market rates without any additional costs. Furthermore, the funds held in foreign currency accounts generate interest, with Gránit Bank currently offering annual interest rates of 3.25% for EUR, 4% for USD, 1.25% for CHF, and 1.25% for GBP.
Gránit Bank's mobile application provides convenient and cost-effective solutions for foreign currency transactions. Customers can open fee-free foreign currency accounts and request digital currency cards, while also benefiting from mid-market rates without any fees or charges during banking hours. These services are especially valuable during events like Black Friday or when traveling abroad. With competitive exchange rates and the ability to earn interest on foreign currency balances, Gránit Bank offers a compelling solution for individuals' currency needs.
Questions & Answers
What new feature has been added to the Gránit Bank mobile application? The Gránit Bank mobile application now allows users to open fee-free EUR, USD, CHF, and GBP currency accounts and request digital euro and US dollar currency cards that can be used immediately within the app.
Can existing account holders open a currency account easily? Yes, existing account holders can open a currency account with just three clicks within the Gránit Bank mobile application. They can also start using the account immediately, and there is no account maintenance fee until the end of 2024.
Is it possible to open a currency account when opening a new HUF account with Gránit Bank? Yes, when opening a new HUF account with Gránit Bank, customers can simultaneously open a currency account through the mobile application with selfie or video banking identification.
Can currency be exchanged at the Gránit Bank without any fees or charges? Yes, Gránit Bank allows currency exchange at the mid-market exchange rate without any fees or charges during bank business hours (9 am to 5 pm) for EUR, USD, CHF, and GBP currency accounts.
What is the limit for currency exchange during bank business hours at the Gránit Bank? During bank business hours, customers can exchange currency up to 550,000 HUF at the discounted mid-market exchange rate provided by Gránit Bank, which is considered an exceptional offer compared to both domestic and foreign fintech providers.
Are there any charges for currency exchange outside of bank business hours or exceeding the limit? For currency exchange outside of bank business hours or exceeding the limit, Gránit Bank applies the current account conversion rate, which is also favorable compared to market offers, and there are no fees for this service.
In what situations can the innovative service of Gránit Bank be useful? The innovative service of Gránit Bank can be useful in various situations, such as purchasing from foreign online shops during Black Friday campaigns, using cards for payments abroad during the ski season, or paying travel or accommodation expenses in foreign currency. Using the bank's currency exchange service without additional fees and at the mid-market exchange rate can result in significant savings. Additionally, the funds held in the currency account generate interest, with Gránit Bank currently offering interest rates of 3.25% for euros, 4% for US dollars, 1.25% for Swiss francs, and 1.25% for British pounds on a 12-month deposit.
Is the article supported by Gránit Bank? Yes, the article was supported by Gránit Bank.