As Hungary continues to navigate its unique position within the EU—being a member state that has not adopted the Euro—residents and expats face specific financial challenges when sending money to countries like Italy, which operate fully within the Eurozone.

With increasing mobility of students, professionals, and families across Hungary and Italy, there is rising demand for cost-effective, secure, and transparent HUF-to-EUR remittance solutions. This blog compiles real-world experiences and explains why Panda Remit is the best choice for those who want more money to arrive, with less stress.

I. Key Problems with Traditional HUF to EUR Remittance

Based on aggregated user feedback and public financial data, here are the most common complaints with traditional banks and transfer methods:

High Fees
Traditional banks charge up to 5% in total fees through hidden spreads, intermediary fees, and transaction charges (source: Wise Transparency Report 2023).

Slow Transfer Times
Processing often takes 3–5 business days, making it impractical for urgent needs.

Lower Final Amount
Multiple currency conversions—like HUF→USD→EUR—result in unfavorable rates and a lower net receipt in the destination account.

II. Why Panda Remit Is the Better Choice

Panda Remit is a personal remittance service operating in 40+ countries, tailored for international individuals who need fast, low-cost transfers.

More Money Arrives: Direct HUF to EUR

No unnecessary intermediary currencies, no double exchange loss.

Real-Time Exchange Rates

You’ll always see what the recipient will receive—no guesswork, no surprises.

Low Fees + First Transfer Free

New users enjoy 0 service fee on their first transfer. Ongoing costs are clearly stated—no hidden fees, no conditions.

Mobile-Only Convenience

Available on iOS and Android, allowing you to send funds from anywhere—no trips to the bank required.

Fully Licensed & Secure

All operations are regulated, compliant, and encrypted for maximum privacy and traceability.

III. Best Use Cases for Panda Remit

• Family Support: Send money to loved ones in Italy

• Freelancers: Pay Italian contractors or receive compensation

• Student Support: Fund children studying in Italy

Whether you’re a parent, remote worker, or digital nomad, Panda Remit gives you more for your money.

IV. Start Your Remittance Smarter Today

Don’t let banks charge you more and deliver less. With Panda Remit, you can enjoy high exchange rates, fast delivery, and more euros for every forint sent.

Sign up today and enjoy your first free transfer with Panda Remit