Cheapest Way to Send Money from Hungary to India in 2025

Panda AI

September 26, 2025

Transferring money oversees can be complicated, especially when you have to weigh up the providers, the exchange rates and the hidden fees. If you are in send remittance from Hungary to India cost each for personal or business reasons, your biggest question is simply: Which service is the cheapest and most trustworthy service in 2025?

In this article for Get Panda Money we outline the most reliable and cheapest options. We also demonstrate other factors such as exchange rates, transfer fees, delivery speed and legality that you need to think about in any money transfer.

Why Cost Matters in Money Transfers

When sending money internationally, each euro or forint saved has an impact. Banks and standard wire services tend to charge high transfer fees, while their margins on the exchange rates can result in a reduction in the expected final amount received by the recipients in India.

Factors Affecting the Cost of Sending Money

Prior to comparing the different providers it is important to understand what affects the overall fees associated with your transfer:

Transfer Fees – Providers will apply transfer fees as either flat amounts or percentage based amounts.
Exchange Rates – Often time a hidden cost as it is simply a markup from the exchange rate.
Transfer Method – Larger transfers may have higher flat fees but lower percentage fees.
Delivery Speed – Some providers will charge an additional fee for fast transfers.
Amount Sent – Different pricing for transfer fees based on the amount of money being transferred.

These combined factors determine the true send remittance rate from Hungary to India that you should expect.

Cheapest Services for Hungary → India Transfers in 2025

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1. Wise (previously TransferWise)

Transparent fee structure.
Close to mid-market exchange rate.
Typically, funds transferred from Hungary to India will arrive within a few hours.
Fees: Current fee is approximately 423 HUF + 0.71% of the transfer amount.
Best For: Transparency in pricing and small to medium–sized transfers.

2. Paysend

Fixed fee: ~490 HUF per transfer.
Supports bank account and card transfers directly to India.
Sometimes offers “no-fee” promotions, but check exchange rates.

Best for: Budget-friendly, predictable fees.

3. Xe Money Transfer

Competitive exchange rates.
No fees for larger transfers.
Delivery time: 1–3 business days.

Best for: Large transfers where exchange rates matter most.

4. MoneyGram

Wide network of cash pick-up locations in India.
Fees depend on transfer method (card, bank, cash).
Transfers can be instant in some cases.

Best for: Cash pick-ups and emergency transfers.

5. Get Panda Money

As a rising trusted platform, Get Panda Money offers a simple and cost-effective solution to send money globally. When you calculate the send remittance from Hungary to India cost, you’ll find Panda Money keeps fees transparent, offers competitive exchange rates, and ensures smooth delivery directly into Indian bank accounts or UPI wallets.

Best for: Affordable rates with no hidden charges, perfect for regular remittances.

Regulations You Should Know

When sending funds internationally, both India and Hungary have specific regulatory processes to be kept in mind:

1. Hungary (EU regulations): You may need to provide additional documentation when sending amounts above €10,000.

2. India (RBI rules): Funds must be transferred via an approved paper trail (through an institution such as a bank, a regulated Financial Technology company, or a money transfer operator),

3. Compliance: Both sides may require verification of identification because of anti-money laundering (AML) processes.

Comparing Costs at a Glance

Service	Approx. Fees & Rates	Speed	Best For
Wise	423 HUF + 0.71%	Hours	Transparency
Paysend	~490 HUF	Same Day	Low fixed fee
Xe	Exchange rate markup	1–3 Days	Large transfers
MoneyGram	Varies by method	Instant–3 Days	Cash pick-ups
Get Panda Money	Competitive rates, no hidden fees	Fast	Regular remittances

When you check the send remittance from Hungary to India cost, Panda Money consistently appears as one of the cheapest and most reliable options.

FAQ: Sending Money from Hungary to India

Q1. What is the fastest way to send money from Hungary to India?
Services like Wise, MoneyGram, and Get Panda Money can deliver within hours, especially for UPI transfers.

Q2. Which service offers the lowest fees?
If you want predictable low costs, Paysend and Get Panda Money are excellent. For transparent mid-market rates, Wise is strong.

Q3. Is it safe to send money through online apps?
Yes, if you use regulated providers like Wise, Paysend, Panda Money, and Xe. Always avoid unverified channels.

Q4. Can I send money directly to UPI in India?
Yes, services like Wise and Panda Money allow UPI transfers, making it fast and convenient for the receiver.

Q5. Do I need to pay tax on money sent to India?
Personal remittances are usually tax-free in India, but large transfers may require documentation under RBI rules.

Conclusion: The Best Choice in 2025

When evaluating the send remittance from Hungary to India cost, you must look beyond just the visible transfer fee. Exchange rate markups, delivery speed, and hidden charges can add up quickly. While services like Wise and Paysend remain strong players, Get Panda Money stands out for offering a clear, transparent, and affordable way to send money to India in 2025.

For families supporting loved ones, students paying tuition, or businesses handling supplier payments, Panda Money provides a trusted platform with excellent customer support. By choosing the right provider, you ensure your hard-earned money arrives safely and in full value.

In 2025, the cheapest and smartest option for many senders will be to rely on Get Panda Money — a service designed to save you both time and money.