GSL / Offshore and International Law. Offshore companies registration. / Offshore Banking / MKB Bank, Zrt

How to open a bank account in MKB Bank, Zrt

GSL reference about the bank What is it?

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GSL rating

Beginning of cooperation

October, 2016

Last contact

May, 2023

Last update

February, 2023
  • the bank opens current and deposit accounts;
  • a visit to the bank is required to open an account;
  • there are no requirements for minimum balances, however, it is necessary that the account has an amount debited monthly for service (18 EUR per month);
  • as an initial payment, you must pay an amount of 39,000 HUF (Compliance service fee);
  • the term for opening an account – case by case (check with the consultant);
  • the bank does not work with citizens and companies registered in Syria, North Korea, Somalia and Congo
GSL rating
Beginning of cooperation
October, 2016
Last contact
May, 2023
Last update
February, 2023
Your Consultant
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+44 0 207 822 85 90

General information and rating

Not rated
Global rating
Not rated
Countrywide rating
—
Countrywide rating of the head bank
—
Global rating of the head bank
Year of foundation
1950
History
MKB Bank was founded in 1950 with the aim of providing banking services related to Hungary's foreign trade. In 1987, following a reform to create a two-tier banking system in Hungary, MKB Bank received a full banking license
Personnel
There is a Russian-speaking staff
Bank’s shareholders
Blue Robin Investments S.C.A - 45%, Metis private equity - 45% и Pannonia pension fund - 10%
Confidentiality
Judicial Cooperation Agreement with Russia is signed; Double Taxation Agreement with Russia is signed; AML legislation is strictly observed; Active member of OECD, FATF, Basel Commitee, Egmont Group etc.
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    Minimum requirements

    0
    Minimum balance, €
    No restrictions
    Transactions permitted per month
    No restrictions
    Initial deposit of funds, €
    0
    Deadline for the initial deposit, month
    Minimum balance, €
    There are no requirements for the minimum balance, but it is necessary that the amount for the monthly account maintenance payment was on the account to be debited (18 EUR every month)
    Transactions permitted per month
    No limit on the number of transfers
    Initial deposit of funds, €
    When opening an account, you must pay an amount - 39,000 HUF as a fee for Compliance services when opening an account
    Deadline for the initial deposit, month
    When you activate your account
    Minimum turnover, €/year
    No restrictions on turnover
    How fast payments are executed
    Payments (SEPA) in the EU (EUR) are processed within one day. In other currencies (USD, etc.) - within two days

    Tariffs and services

    110
    Outcoming transfer, €
    30
    Incoming transfer, €
    204
    Account maintenance, €/year
    650
    Payment limit for credit cards, €/day
    Outcoming transfer, €
    Outgoing payments are charged from 0.10 to 0.2896% (minimum 246 to 696 HUF, maximum up to 6000 HUF)
    Incoming transfer, €
    The fee for incoming payments is 0.06% (minimum EUR 4.5, maximum EUR 115)
    Account maintenance, €/year
    Account maintenance fee is 17 EUR per month
    Payment limit for credit cards, €/day
    The payment limit is 650 EUR per day (cash) and 3,200 EUR (purchases). The limit can be increased by agreement with the bank up to 5,000 EUR for both positions
    Distant access to the account
    TeleBANKar, NetBANKar, PCBankar, MobilBANKar
    Financial products
    The bank offers a full range of personal banking services, including deposit and current accounts, debit cards
    Credit/debit cards
    The bank offers only debit cards: MasterCard Unembossed (HUF, EUR); VISA Business (HUF, USD); MaasterCard Silver (HUF, USD, EUR); VISA Business Gold (HUF, USD)

    Account opening procedure

    Days to open for incoming transfers
    case by case
    Days to open for outcoming transfers
    case by case
    References
    Not necessary
    Purpose of the account
    Savings & current
    Visit to the bank
    The bank needs 1 week to approve documents with the Compliance department. Then there is a meeting with the client. A personal visit of the client to the bank is required
    Required
    Required documents: bank forms, copies of ID and proof of address of residence, copies of a standard set of corporate documents, a description of the business and the source of funds. After approval of Compliance documents, it will be necessary to provide original documents with apostille. If the company is older than 1 year, a CGS is required. Business advice is not required, but desirable. The bank will require any missing document in writing by mail (registered mail), therefore the exact address of the client is required
    Types of accounts
    Savings; Current
    Chances to open an account
    Predictable
    Business description
    Detailed: along with a description of the business, it is necessary to provide information on the sources of origin of funds and the nature of operations

    Banks of Hungary

    Bank
    The cost of opening an account, $
    Global rating
    Countrywide rating
    GSL rating
    TakarékBank Zrt
    3 030
    N/A
    N/A
    MKB Bank, Zrt
    3 030
    N/A
    N/A
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