Digital banking giant Revolut could begin transferring its Hungarian customers from Lithuanian accounts to newly introduced Hungarian bank accounts as early as Monday, 18 May, according to the company’s country manager, Gábor Petrás. The move marks a major milestone in Revolut’s long-term expansion plans in Hungary and could significantly change how many users manage their everyday finances.
In an interview with Portfolio, Petrás said customers had already been informed in advance about the migration process. While only a limited group of users received Hungarian accounts in March, the rollout is now expected to gradually expand to existing customers over the coming months.
Revolut aims to become a primary bank account in Hungary
Revolut officially received approval to establish a Hungarian branch last autumn, paving the way for local bank account numbers and deeper integration into Hungary’s financial infrastructure.
One of the biggest changes for users will be the introduction of Hungarian IBAN account numbers, allowing salaries to be paid directly into Revolut accounts. This is particularly important for foreign workers, international students and expats living in Hungary who already rely on the app for everyday banking but have faced limitations due to foreign account numbers.
The company also confirmed it plans to join Hungary’s Instant Payment System (Azonnali Fizetési Rendszer, AFR) and introduce local payment solutions such as qvik and payment request functions. These additions are expected to make Revolut more competitive with traditional Hungarian banks.
Petrás described the branch opening as more than just a legal step, saying it sends a clear signal that the neobank is planning for the long term in Hungary.
More than 2.3 million users in Hungary
Revolut’s growth in Hungary continues at a remarkable pace. The fintech company now has more than 2.3 million retail customers in the country, representing roughly 24% market penetration. According to Petrás, the Hungarian customer base grew by 28% in 2025 alone.
Nearly two-thirds of Hungarian users are considered active customers, with active usage reportedly increasing by more than 40% over the past year. Petrás said this shows users increasingly view Revolut as a genuine everyday financial partner rather than simply a travel or secondary banking app.
Hungarian-language support and local features coming
Revolut also confirmed that Hungarian-language customer service will be expanded further. While parts of the app and support system are already available in Hungarian, the company says improving native-language communication remains a priority.
The company additionally plans to continue localising its services for Hungarian users. Petrás hinted that Revolut wants to position itself as a true primary banking platform in the country by adapting more features to local customer needs.
Although the neobank does not currently plan to open traditional physical bank branches, the company says it intends to maintain a visible presence through events and partnerships, including appearances at the Sziget Festival and the Hungarian Grand Prix.
Crypto services remain suspended in Hungary
The interview also touched on the suspension of Revolut’s cryptocurrency services in Hungary. According to Petrás, the decision followed regulatory changes affecting crypto operations. The crypto services had been provided through a separate Revolut entity focused on digital assets.
While no timeline was provided for a possible return, Petrás indicated that cryptocurrency remains an important part of Revolut’s broader European offering and suggested the company could reconsider the Hungarian market if regulations become clearer.
If you missed it: Revolut suspends crypto services in Hungary today, another financial provider follows
AI-powered security and investment tools expanding
Revolut also highlighted several technology developments and investment products gaining popularity among Hungarian users. The company recently expanded its investment offerings to include government and corporate bonds and reported strong growth in its Robo-Advisor (Robo-Tanácsadó) service, particularly among younger users.
The fintech firm says it is increasingly relying on artificial intelligence in areas such as fraud prevention. One of its newer security tools can detect suspicious card payments, block potential fraud attempts and guide users through in-app security checks.
Additional features such as biometric-based “Wealth Protection” (Vagyonvédelem) and “Street Mode” (Utcai Üzemmód) security tools have also recently been introduced.
What this means for users in Hungary
For many Revolut users in Hungary, especially expats and guest workers, the introduction of local bank accounts could remove one of the platform’s biggest practical disadvantages. Hungarian account numbers are expected to simplify salary payments, transfers and integration with local payment systems.
What’s next? Revolut introduces major upgrade in Hungary, but services may become pricier: this affects everyone
