Close a Bank Account in Hungary

Searching for Close a Bank Account in Hungary Service? Customer reviews to help you select from the best, most experienced Lawyers in Hungary

How clients rate our Close a Bank Account Service...

Advocate Abroad seeks client feedback to ensure continued high-quality service provision.
Excellent service, definitely recommended. Very good and reliable service!
Rakesh Rathod
Rakesh Rathod
14 Jun 2024

Service Details

Close a Bank Account

This service is available across Hungary

Who Is This Service For?

  • This service is essential for expatriates, residents, or individuals with financial ties to Hungary who wish to close their existing Hungarian bank accounts. 
  • It's particularly relevant for those relocating, dealing with the estate of a deceased relative, streamlining their finances, or switching to more advantageous banking services.
Who Is This Service For?

What Does This Service Consist Of?

To close a bank account in Hungary, the account holder must be present or provide a written authorization if the account has multiple owners. Key prerequisites include:

  • Valid identification documents
  • Settlement of any outstanding balances or debts linked to the account
  • Closure of related services (e.g., credit cards, loans)
What Does This Service Consist Of?

Procedure: Our Approach

  1. Initial Consultation: Understand client’s specific banking situation, including linked services and outstanding debts.
  2. Documentation and Authorization: Ensure all necessary documents are prepared and submitted.
  3. Closure Request: Formally request the bank to close the account, either in person or via written communication.
  4. Settlement of Charges: Handle any pro rata service charges or fees for transferring remaining funds.
  5. Confirmation: Obtain official confirmation of account closure from the bank.
Procedure: Our Approach

Benefits of this Service

  • Expert Guidance: Navigate the complexities of Hungarian banking regulations with professional assistance.
  • Smooth Transition: Ensure all financial obligations are met to avoid future complications.
  • Cost Management: Minimize or avoid unnecessary charges during the account closure process.
Benefits of this Service

Key Elements of this Service

  • No Closure Fee: Most Hungarian banks do not charge a specific fee for account closure.
  • Handling Linked Services: Terminate or transfer credit facilities, insurance, or other linked services.
  • Fund Transfer Assistance: Manage the transfer of remaining funds to a new account, including handling associated costs.
  • Debt Settlement: Advise on and facilitate the settlement of any linked loan or overdraft facilities.
  • Multi-owner Accounts: Coordinate with all account holders for a seamless closure process.
  • Regulatory Compliance: Ensure adherence to Hungarian banking regulations during the closure.
Key Elements of this Service

Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

  • Verification of the regulatory status of your professional.
  • Fees as recommended by the Local Professional Body
  • Fees specified in advance and legally guaranteed.
  • Service levels agreed in advance and guaranteed.
  • All professionals must hold professional indemnity insurance.
  • Professionals' proficiency in English monitored.
  • Continuous quality controls and reviews.

Why choose Advocate Abroad?

Call Us
Email Us
Loading form...

Call us Now

Office hours: 9am - 9pm CET Monday - Friday