Revolut has temporarily suspended the new transaction fee it recently announced for bank transfers in Hungary, meaning customers will not be charged for now — including those who have already received a Hungarian account number.
According to Hungarian fintech outlet RevB.hu, Revolut says the fee is being waived on “fairness” grounds while the company continues migrating users to the Hungarian branch of Revolut Bank UAB in waves. The aim is to avoid a situation where one group of customers pays the new fee while others, still on the previous setup, do not.
Revolut transfer fee: what was planned
Revolut’s published fee structure for Hungary sets a 0.45% “special transaction fee” on transfers above HUF 50,000, but only on the part exceeding that threshold. The fee is capped at HUF 20,000 per transaction. Using the European Central Bank’s reference rate of EUR 1 = HUF 354.8 (1 June 2026), the key figures translate to roughly:
- HUF 50,000 ≈ EUR 141
- HUF 20,000 ≈ EUR 56
RevB.hu also reported that Premium, Metal and Ultra subscribers may be partly or fully exempt under Revolut’s plan-based allowances, while the fee would mainly matter for customers on lower-tier plans.
Why the fee is suspended now
The pause is linked to Revolut’s ongoing operational change in Hungary: customers are being moved from Revolut’s Lithuanian banking structure to the Hungarian branch. RevB.hu describes the Hungarian user base as currently split into two groups. Many users remain under Revolut Bank UAB with a Lithuanian-based forint account, while others have started migrating to the Hungarian branch since late May 2026.
If Revolut applied the fee immediately, customers transferred earlier could have faced charges that others did not — which is why Revolut says it is granting a 100% fee discount until the migration is complete.
When will the Revolut transfer fee apply?
Revolut’s own help page states that the waiver will automatically end once the full migration to the Hungarian branch is complete, and that customers will be notified of the exact date. However, Revolut did not provide figures on how many users have already been migrated, nor a public timeline for completing the process, despite questions sent to the company.
Background for foreign readers: why Hungary is different
Hungary has introduced regulatory and cost pressures that can affect fintechs operating local payment services. Revolut has framed the new charge as a way to offset the operational cost of joining the local payment scheme.
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For customers, the practical takeaway is that this is not a “standard” international transfer fee applied everywhere by Revolut: it is a Hungary-specific transaction fee design tied to the company’s local setup and cost base.
What Hungarian customers should watch for
For the moment, the key point is simple: no one should be paying the Revolut transfer fee right now, regardless of whether they have already been moved to the Hungarian branch. The next major milestone will be Revolut’s notification announcing the end date of the waiver. Once that happens, customers sending larger transfers — especially those regularly transferring above HUF 50,000 (≈ EUR 141) — may want to check in-app fee previews and plan allowances before confirming payments.
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Featured image: Facebook/Revolut
