Takarékbank Forex Broker

Takarékbank Review SummaryFounded2023Registered Country/RegionHungaryRegulationNo regulationServicesAccount management, loans, savings & investment, insurance, digital bankingDemo Account❌Platform/APPOnline banking, mobile bankingCustomer SupportPhone: 06 80 350 350, 06 1 373 3399Takarékbank Information Takarékbank was founded in 2023 and is registered in Hungary. However, Hungary's financial authorities do not control it, and it does not have any licenses from major international regulators like the FCA or ASIC. It offers a comprehensive range of standard retail banking services such current accounts, loans, insurance, and digital banking tools.Pros and ConsPros Cons Offers a wide range of banking and financial servicesNo regulationMultiple account typesFee waivers available for qualifying customersClear fee structureIs Takarékbank Legit? Takarékbank claims to be registered in Hungary, but it is not regulated by the Hungarian financial authorities. It also lacks license from major international regulators such as the UK's FCA, Australia's ASIC, and the US NFA.Services Takarékbank provides a comprehensive suite of retail and personal banking services, including account management, loans, savings, insurance, and digital banking tools. It acts as a typical bank rather than a trade or investment platform.Service DetailsAccount ManagementAccount management, bank cards, safe deposit boxesLoansHousing loans, personal loans, baby loan, leasing, credit cardsSavings & InvestmentSavings programs, deposits, bonds, funds, government securitiesInsurancesLife, travel, home, credit protection insuranceDigital ServicesOnline banking, mobile app, SMS, video bank, telebankAccount Type MBH Bank provides accounts for everyday banking, students, premium clientele, and business owners. Each account has its own set of income or deposit restrictions, as well as privileges like fee-free transfers, card discounts, and digital banking. Entry-level solutions allow flexibility with fewer restrictions, but premium packages include dedicated advisors and investing services.Account TypeMonthly FeeKey BenefitsSuitable forMBH DiscountHUF 572Free card payments, online/mobile bankingRegular earners (≥ HUF 100,000/month)MBH Discount PlusHUF 400Free standing orders, cheaper transfersMedium-income clients (≥ HUF 350,000)MBH ExtraHUF 0Free transfers, free Platinum card (1st year)High earners (≥ HUF 600,000)MBH PremiumDedicated advisor, lower investment fees, free card & transfersPremium clients (≥ HUF 800,000 or HUF 8M savings)MBH ManagerBusiness features, discounted Gold/Platinum cardsEntrepreneurs and executivesMBH StudentFree card, Netbank, mobile appStudentsMBH Student Loan AccountDesigned for student loan recipients, fee-free bankingStudent loan holdersMBH Entry–Simple setup, basic banking with freedomNew or flexible usersTakarékbank Fees Takarékbank's (MBH Bank) costs are moderate to low when compared to industry standards, particularly for customers who meet certain income or consumption requirements. Many account packages waive fees for monthly maintenance, transfers, and card usage, making them affordable for frequent users. Some services, however, may still incur ordinary banking charges if certain conditions are not met.Account TypeMonthly Account FeeCard Fee (1st Year)HUF Transfers < 50,000Other NotesMBH DiscountHUF 572HUF 785/month (Visa Sustainable)Free credit card purchasesRequires ≥ HUF 100,000/month incomeMBH Discount PlusHUF 400DiscountedHUF 0 (standing orders)Requires ≥ HUF 350,000/month incomeMBH ExtraHUF 0HUF 0 (Platinum card, 1st year)HUF 0 (occasional transfers)Requires ≥ HUF 600,000/month incomeMBH PremiumUnlimited free transfersFor ≥ HUF 800,000 income or HUF 8M in savingsMBH ManagerGold: 0 HUF, Platinum: HUF 13,465 (1st year)Free recurring transfersFor business owners and executivesMBH StudentHUF 0 (Standard/Classic card)HUF 0 (online/mobile)For students with free Netbank & Mobile AppMBH Student Loan AccountHUF 0 (Student Loan card)HUF 0For student loan holdersMBH EntryNot specifiedStandard card fees may applyBasic free servicesNo income requirementsPlatform/APPPlatform/APPSupportedAvailable DevicesOnline Banking✔PC, mobile webMobile Banking App✔Android, iOS