Being a DKB client or customer with a different credit card that guarantees the fee-free withdrawing of money abroad, one has to be extra careful, because the target of operators of foreign ATMs (foreign currency) are gullible customers.
Here you will learn within only a few minutes on what you need to pay attention especially in Hungary, in order to not to fall into a trap of expensive fees. In the end, holidays should be one of the most beautiful times in life.
Sadly this clip is only in german available, but you can see the system uses the images:
1. ATMs for tourists
Of course, there is no “official” separation of ATMs, but if you pay attention when travelling in Hungary – especially in the capital Budapest – you will notice that the ATMs of the operator Euronet are particularly placed at locations, where many tourists pass by (transportation hubs, shopping areas).
The Euronet ATMs are always and easily available. Often, they are directly placed on the house wall.
You will be welcomed by the ATMs of this company already at the airport (arrival hall at the baggage claim).
Perhaps you have already read about this advice on our special portal:
It is useful to supply oneself with the local currency in a foreign currency country. Watch the video (above) on how to withdraw cash at the Euronet ATMs without becoming a victim of the fee trap.
Caution at this option
The difference is already clear on the receipts
Euros 15.19 difference on the bank statement
2. ATMs for local people
Hungary prefers the ATMs of banks (and not of the ATM company Euronet). The ATMs of the banks are usually located in the foyer of the bank branches. Although there are lots of bank branches in Budapest, these do not always attract one´s attention.
Finding an ATM in a bank branch will pay triple for you, because:
- the Hungarian ATMs do not even confront you with the decision whether to opt for a displayed exchange price or not – the billing is always made by the main bank and thus at a fair price,
- additionally, you get the same low amounts proposed for withdrawal, so you do not have to keep the Hungarian Forint and you do not have to change them back paying high fees in exchange offices,
- the withdrawing in the protected foyer of a bank is much safer than on the house wall of a badly assessable road.
However, you have to expect that the menu of the ATM is not available in German language. However, for most people, the English versions are quite understandable.
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Save more through paying in cash
Now that you have learned to supply yourself fee-free with cash in Hungary, please do so, as this will help you to save more costs in Hungary.
Example: Taxi from the airport to the hotel
You can book a taxi from the Budapest Airport (BUD) at a fixed rate. If I – like most Germans – would have paid in Euros, one would have charged me Euros 24. In the Hungarian currency Forint, the price was 6,550 HUF.
Since I got an exchange rate of 1 EUR = 291.511 HUF from the DKB, the taxi ride only cost Euros 22.47.
Saving of 6.8 percent!
You may assume that this is not a single case, if the price in Euro is above the Forint.
Please think about the savings, if you pay all travel expenses in local currency!
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More articles about cash:
- Shell: “Refuel” cash free of charge
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- How to open a bank account in Germany online