With Germany’s Focus on Eastern Europe, Here’s the Smartest Way to Send Euros to Hungarian Forint — Panda Remit vs. TransferWise (Wise)
Benjamin Clark - 2025-06-24 13:45:34.0 13
As Germany strengthens its industrial and financial partnerships with Eastern European countries like Hungary, personal remittances are following suit. With more Hungarian expats living and working in Germany, demand for sending euros (EUR) to Hungarian forint (HUF) is steadily rising.
But which platform should you trust for such transfers? While TransferWise (now known as Wise) is a popular option, newer players like Panda Remit offer compelling benefits in exchange rates and fees. Let’s compare both side-by-side and reveal which one truly gives you the best deal on foreign exchange and transfer fees.
Panda Remit vs. TransferWise (Wise): EUR-to-HUF Transfer Comparison
|
Feature |
Panda Remit |
TransferWise (Wise) |
|---|---|---|
|
Exchange Rate (1 EUR ≈) |
398.5 HUF (live rate) |
396.2 HUF (mid-market minus service margin) |
|
Fees |
Free for first transfer, from €1.99 after |
€2.49 minimum (scaled with amount) |
|
Transfer Time |
As fast as 2 minutes |
0.5–2 business days |
|
Platform Access |
App-based only |
Web + App (with multi-step verification) |
|
Language Support |
Multilingual incl. Chinese |
English-based primarily |
Source: Wise official website and Panda Remit App live data, June 2025
In nearly every key metric — exchange rate, speed, and cost — Panda Remit takes the lead, especially for first-time users and smaller personal transfers.
Why Panda Remit Is Gaining Ground in EUR-to-HUF Transfers
-
Better exchange rates – You receive more HUF per EUR transferred.
-
Lower fees – Flat rates from €1.99, and zero fee on your first transfer.
-
App-only process – Fully mobile, no browser hassle or extra paperwork.
-
Faster delivery – Funds can arrive in as little as 2 minutes.
-
Localized support – Language options including Chinese & English.
Quick Tips to Save More on FX Transfers
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Avoid traditional bank rates that are often fixed and outdated
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Monitor live rates via Panda Remit to transfer at the best time
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Take advantage of first-transfer discounts to test platforms risk-free
-
Compare not only rates but net received amount after all fees
Start Sending More Forint, Spending Less Euro — With Panda Remit
Whether paying tuition fees or supporting family members, if your transfers are personal, Panda Remit provides a faster, safer, and more cost-effective alternative to traditional banks and even Wise.
Register now and enjoy zero fees on your first transfer!
https://www.pandaremit.com/zh/chn/register
Maximize your remittance — more HUF, less hassle.
