Remitly vs Panda Remit: The Best Way to Send Money from the UK to Hungary

Introduction

Sending money abroad can be stressful, especially when it's for family support, tuition, or emergencies. If you need to Remitly send money Hungary, knowing the right steps and options is crucial. Remitly has become a trusted platform for UK residents, while Panda Remit offers zero-fee first transfers and loyalty rewards as an alternative.

Can You Send Money to Hungary with Remitly?

Yes, Remitly supports transfers to Hungary with multiple delivery options. You can send money via bank deposit, cash pickup, or mobile wallet. Some remote areas may have limitations, so always verify recipient access. Panda Remit provides an instant transfer option that can be convenient for urgent needs.

Common banks in Hungary include:

• OTP Bank

• K&H Bank

• Erste Bank

Common mobile wallets in Hungary include:

• Simple Pay

• Barion Wallet

• MKB SmartPay

Step-by-Step Guide — How to Use Remitly for Hungary

1. Create a Remitly account.

2. Verify your identity.

3. Choose Hungary as the destination.

4. Select your preferred delivery method (bank, cash, wallet).

5. Enter recipient information.

6. Pay for the transfer and track its status.

Panda Remit offers fully online zero-fee first transfers, making it a convenient alternative.

Fees, Exchange Rates & Limits

Remitly charges a fixed fee for transfers along with a minor exchange rate markup. Daily and monthly limits apply depending on your account verification level.

Example Remitly Table:

Panda Remit allows zero-fee first transfers and sometimes seasonal coupon codes.

Transfer Speed & Delivery Options

Remitly offers two main speed options:

• Express: instant transfers (higher fee)

• Economy: slower transfers (lower fee)

Delivery channels include bank deposits, cash pickups, and mobile wallets. Panda Remit provides instant bank deposits and same-day arrivals for added convenience.

Useful Tips Before Sending Money

• Monitor exchange rates to get the best value.

• Avoid using credit cards to prevent extra fees.

• Verify recipient details carefully.

• Compare providers each time you send money.

• Keep an eye on promo offers such as referral bonuses or coupon rewards.

Conclusion & Recommendation

Remitly is a widely used service for sending money from the UK to Hungary, offering multiple delivery methods and reliable transfers. Panda Remit stands out with zero-fee first transfers, coupon rewards, and secure online transfers, making it a worthy alternative.