Hungary’s tense negotiations with the EU over tariff structures, fiscal policies, and digital currency harmonization have added complexity to financial exchanges within the bloc. As Hungary continues to use the Hungarian Forint (HUF) instead of the Euro, sending money from Hungary to Germany—especially for international students—has become increasingly inefficient.

For those banking with Deutsche Bank, Germany’s largest commercial bank, international wire transfers are often slow, costly, and opaque. Families supporting children studying in Germany are looking for a better solution—one that’s faster, cheaper, and more transparent.

I. Why Deutsche Bank Isn’t Ideal for Study-Related Transfers

Here are common limitations when using Deutsche Bank for HUF to EUR transfers:

• Processing time: 3–5 business days

• Intermediary banks involved, incurring additional unexpected fees

• Exchange rates not guaranteed: Often worse than mid-market rate

• High wire fees: According to Deutsche Bank’s official fee list, total costs for international transfers can exceed €15 per transaction

For students and their families, this is not just expensive—it’s unnecessarily stressful.

II. Panda Remit: A Better Alternative for Cross-Border Education Transfers

Panda Remit offers a direct, app-based remittance service that simplifies HUF to EUR transfers, perfectly tailored for study-abroad scenarios.

Direct Conversion: HUF to EUR

No hidden conversions or intermediary steps—just straight value.

Transparent, Real-Time Rates

Check exchange rates directly in the app and lock in the value before you send.

Fast Transfers: Most complete in 10 minutes

Some even land within 2 minutes, beating traditional banks by days.

App-Only Operation: No in-person visits

All you need is your phone. No lines, no paperwork, no Deutsche Bank forms.

Free First Transfer

Try it with zero service charge on your first transaction—a great way to experience the service risk-free.

Fully Licensed, Bank-Level Security

Panda Remit is licensed in 40+ countries, using encrypted, secure channels to protect every transaction.

III. Typical Use Cases for Students:

•  Paying tuition or housing deposits to German institutions

•  Rent, transport card top-ups, and local expenses

•  Emergency family support from Hungary to Germany, instantly

IV. Join the Smart Way to Send Money Abroad

Skip the lines and delays of Deutsche Bank. Whether you're a student in Germany or a parent in Hungary, Panda Remit helps you manage cross-border transfers with speed, savings, and security.

 Sign up now and enjoy your first fee-free transfer with Panda Remit