MKB BANK (Hungary)

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MKB BANK (Hungary)

MKB BANK (Magyar Külkereskedelmi Bank) was established in 1950 with the aim to participate in international payments, trade finance transactions and manage bank services in foreign trade in particular.

 

Two-leveled structure of MKB BANK made it possible to become a fully-licensed bank in 1987. Bank not only strengthened its traditional business spheres but also mastered new activities. By the end of 1990-s MKB BANK was providing the full range of credit services to its clients.

 

The process of MKB BANK privatization lasted 2 years and ended in 1996. A German investor Bayerische Landesbank Girozentrale became a controlling shareholder.

 

Types of accounts    

 

Private, corporate accounts.

 

Cost for account opening (bank fee) 

 

2100 HUF.

Representative Offices

Agency network through the whole Hungary.

 

Managing your account

Via phone and Internet banking. .

 

Bank tariffs

Minimal deposit. 

There is no fixed minimal deposit amount.

 

Tariffs and account maintenance.

Account maintenance costs 2900 HUF per month.

 

Transactions cost 0.055%, the minimum is 4.2 EUR, the maximum is 110 EUR.

 

You can learn more about bank tariffs by following the link.

 

Time you need to open the account

The process of account opening consists of the preparatory period and the account opening itself.

 

The preparatory period includes the following: gathering and presentation of the necessary documents by the client; preparation and signing of the forms necessary to open the account; dispatch of the documents to the Head Office of the bank by a courier. The duration of this preparatory period depends directly on you.

The Bank examines the documents and forms and passes the decision on account opening. This process takes from 15 to 20 working days following the date when the documents are delivered to the Bank Head office.

 

Staff                          

 

English-speaking.

 

Credit/debit cards

 

Visa, MasterCard.

 

Other bank services

Deposits, credits, entrusted storage, asset management, investments.

 

Documents necessary to open the account

Forms to be signed

All the necessary bank forms are available at Hungarian bank representative office.

 

Documents necessary for the company.

  • Certificate of Incorporation;
  • Dully notarized Memorandum and Articles of Association;
  • Minutes of Director’s Appointment;
  • Power of Attorney;
  • Declaration of Trust;
  •  Certificate of Good Standing in case the company was registered more than one year ago.

 

Documents necessary for the account holder, beneficiary, director and shareholder:

  • Copy of passport the Power of Attorney and Declaration of Trust are issued according to. In case of Ukrainian passport the dully notarized translation into English should be provided for.

 

To start the procedure off

You have to present high-quality copies of documents. We will transmit the copies to the bank for the consideration. After the bank approves the copies we will arrange for you a meeting at bank representative office at the city of Gyor (Hungary). After all forms are signed the bank proceeds to opening account process.  .

 

Web-site

www.mkb.hu