Revolutionary Hungarian innovation available on Revolut — but no one thought to communicate about it

As recently as the end of May, neither payment requests nor QR-based Qvik payments were available on the “Hungarian” version of Revolut. That has now changed — although the company appears to have neglected to communicate the development.

How to avoid paying more on Revolut — for now

We have previously reported that Lithuania-based Revolut established its Hungarian branch earlier this year and has been steadily migrating local account holders. Customers who previously held Lithuanian bank account numbers will receive Hungarian IBANs denominated in forints. This means salaries can now be paid directly into these accounts, domestic transfers will be treated as local transactions, and customer support will also be available in Hungarian. In effect, Revolut accounts may now serve as a primary banking option.

However, in adapting to the Hungarian regulatory environment, the company has been compelled to introduce a 0.45 per cent fee on transfers exceeding 50,000 forints, capped at 20,000 forints per transaction. According to biztosdontes.hu, Revolut does not retain any of this fee. The change came into force on 18 May 2026. Premium and Metal plans benefit from a preferential monthly allowance of one million forints, while Ultra customers continue to enjoy full exemption. Those on Standard and Plus plans, however, will be liable for the full charge.

Free, simple and secure transfers

The company continues to expand its domestic offering and, although it has not formally announced the update, revb.hu has noted that the Hungarian Qvik system and payment request functionality are now available to local users. The blog also added that Qvik will only be accessible until the end of June.

“Requesting money via Qvik is just as simple as topping up by card,” they write. “Within the Qvik menu, users can send and request funds, and access a QR code scanner for in-store payments at the checkout.” Their experience suggests that transactions between Hungarian banks operate smoothly in both directions.

Using Qvik, transfers under 20 million forints can be carried out free of charge — without transfer fees or transaction levies — though only on a temporary basis. As noted above, regulatory requirements will soon oblige the introduction of charges on transfers exceeding 50,000 forints.

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A Hungarian innovation with disruptive potential

As Világgazdaság reports, one of Qvik’s chief advantages is that users are not required to enter card details. Transactions can instead be authorised via mobile phone — by scanning a QR code, using NFC contact, or clicking a Qvik link. Transfers are processed through the instant payment system, enabling merchants to access incoming funds immediately, in contrast to traditional card payments where settlement may take several days.

Further advantages include the absence of transaction levies imposed by banks, as well as active support from the Hungarian National Bank for the system’s widespread adoption.

Revolut currently has 2.3 million customers in Hungary — and that figure continues to rise.

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