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Revolut Gets Green Light to Open First Branch in Hungary

• 7 Nov 2025 7:49 AM
• Hungary Around the Clock

The MNB has officially approved the launch of Revolut’s local branch, allowing the fintech to start operating in Hungary, Portfolio writes.

Existing users with Lithuanian IBAN numbers will be migrated to Hungarian IBAN numbers, while new users will automatically receive the latter when opening an account.

As a registered branch, the fintech firm will now fall under domestic banking regulations, meaning it will be subject to Hungary’s transaction tax, bank levy, and windfall tax, the same obligations faced by local financial institutions.

The change will make transfers and salary payments easier and cheaper, as local transactions will no longer count as international, Portfolio adds.

Revolut, which already serves more than two million Hungarian users, is also expanding its local team after recruiting 40 new employees recently.
 

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