K&H retail bank account
for those who need basic service
- take care of your daily banking in hundreds of K&H Bank branches
- your account balance is insured by the National Deposit Insurance Fund
- if you have a marginal account turnover
details
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services typically used and their fees specified in the Announcement for the K&H retail bank account |
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|---|---|
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monthly account management fee (standardised deposit interest rate, EBKM: 0.01%) |
HUF 469 |
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annual fee for the K&H Visa Electron contactless debit card |
first year’s fee: HUF 0 |
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monthly fee for text messages (K&H mobilinfo) |
HUF 328 |
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per-message fee for text messages (K&H mobilinfo) |
HUF 34/text message |
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purchase with bank card in Hungary and abroad |
free of charge |
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transfers |
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|---|---|
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domestic HUF transfer order submitted in a branch (same-day/future-dated, inter-bank) |
0.74% + HUF 549, |
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regular intra-bank HUF transfer order submitted in a branch |
HUF 153 |
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direct debit |
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|---|---|
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successful direct debit (by a service provider) |
HUF 98 |
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cash withdrawal |
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from a domestic ATM with your K&H Visa Electron bank card, provided that you have submitted your declaration for free cash withdrawal |
HUF 150 thousand can be withdrawn in max. two portions free of charge1 |
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from a K&H ATM with your K&H Visa Electron bank card, without or beyond the declaration for free cash withdrawal |
0.44% + HUF 387 |
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in a K&H Bank branch with your K&H Visa Electron bank card |
0.81% + HUF 638 |
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in a K&H Bank branch without bank card |
0.86% + HUF 653, |
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in Hungary in a non-K&H branch or in a post office with your K&H Visa Electron bank card |
0.50% + HUF 798 |
1 in accordance with Section 36/A of Act LXXXV of 2009 on the Provision of Payment Services
who is it recommended for?
This account type is for you if:
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you want to keep your small amount of savings in forints in safety
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you want to have full access to your bank account nationwide through our hundreds of bank branches and ATMs
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you rarely make transfers, direct debits and cash transactions
what should I do if I want to open a K&H retail bank account?
- visit the nearest K&H branch during opening hours
what should I do if I already have a bank account with K&H Bank and I want to switch to a K&H retail bank account or want to open a K&H retail bank account in addition to my existing bank account?
- visit the nearest K&H branch during opening hours
what should I do if I do not want to stand in line in the branch?
Make an appointment at the branch of your choice. Call the K&H TeleCenter or request a call-back on the K&H website to set an appointment
what documents should I bring with me to open the bank account?
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make sure to bring your personal identification documents with you. The table below summarises the documents accepted by K&H Bank.
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residents |
ID card personal identification card + address card temporary personal identification card + address card Passport + address card, or a public document issued by the competent foreign authority for Hungarian citizens steadily working or staying abroad driver’s licence card (issued after 1 January 2001) + address card |
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non-residents |
travel documents + additional document verifying address or a document issued by the Hungarian authority travel documents + residence card, or temporary residence card, or immigration or settlement permit + additional document verifying address, or a document issued by the Hungarian authority, or a document verifying address and issued by the relevant authority (Office of Immigration and Nationality, Office of Government-Issued Documents) personal identification card + address card (issued by the Hungarian authority) |
The K&H retail bank account is insured by the National Deposit Insurance Fund.
How does deposit protection work?
If a bank deposit placed with a credit institution cannot be withdrawn due to the insolvency of that institution, then the National Deposit Insurance Fund will pay indemnification for the client within 20 working days. The amount of indemnification is the forint-equivalent of maximum EUR 100,000 in aggregate per depositor and per credit institution. In exceptional cases the maximum amount of indemnification may be increased by a further EUR 50,000 at the maximum.
Hungarian deposit insurance works as follows:
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if a credit institution becomes insolvent, the National Deposit Insurance Fund will pay indemnification for registered deposits (that contain the details of the depositor) both for private individuals and legal entities
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the amount of indemnification is maximum EUR 100,000 per depositor (paid out by the Fund in HUF)
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this insurance applies separately to each credit institution. It means that if you place your money in deposit with several banks, you become insured for up to EUR 100,000 for each such deposit.
