Wise Eliminates Top-Up Fees in Hungary with New Qvik Integration

Wise users in Hungary can now bypass transaction duties when funding their accounts, thanks to a major integration with the country's Instant Payment System. The fintech giant has officially rolled out support for Qvik requests, allowing individuals to top up their Hungarian Forint (HUF) balances completely free of charge. This move directly targets the friction of local banking fees, making digital money management significantly cheaper for everyday users.

This update is a major win for Hungarian residents, expatriates, and frequent travelers who rely on Wise as their primary financial platform for daily transactions or international transfers. By eliminating the manual transfer process and the associated state transaction duties, users can now manage their finances more efficiently and keep more of their own money. The integration represents a broader effort by Wise to make its account ecosystem more competitive against traditional local banks.

The Qvik payment solution, developed by the Hungarian National Bank, is built directly on the country's Instant Payment System. By integrating this technology into the Wise app, the company has streamlined the funding process. Users no longer need to manually initiate a bank transfer from their local bank's interface.

• Open the Wise app and initiate a top-up for your Hungarian Forint balance.
• Select the option to send a Qvik request to any Hungarian bank account registered in your name.
• Open your local Hungarian banking app, where the request will appear pre-filled with all necessary transfer details.
• Approve the request in your local bank app. The funds will arrive in your Wise account instantly, free of any transaction duty.

Alongside the Qvik integration, Wise has rolled out several critical infrastructure updates for its Hungarian user base. Previously, account holders had to wait up to two business days to access funds tied up in specific investment products. That delay has now been entirely eliminated.

Users can now instantly access, send, or spend their money held in Euros, US Dollars, and British Pounds within the Wise Assets product. This instant liquidity also applies to funds held in the Wise Interest and Stocks features across those same currencies. Additionally, Wise introduced a new perk allowing customers to earn interest in EUR, USD, and GBP when utilizing the Shared Expenses (Spend with others) feature.

The integration of the Qvik system highlights a brilliant localization strategy by Wise. By adopting a state-backed payment infrastructure developed by the Hungarian National Bank, the fintech company is effectively neutralizing one of the biggest advantages traditional banks hold: cheap local deposits. Removing the transaction duty for individuals removes the final psychological barrier for users who might have hesitated to move their primary daily spending over to a fintech app.

Furthermore, upgrading the Wise Assets and Interest features from a two-day settlement period to instant liquidity transforms the platform from a simple travel card into a highly capable wealth management tool. As fintechs continue to bridge the gap between high-yield holding accounts and instant-spend checking accounts, traditional banks will face increasing pressure to drop their legacy transfer fees to remain competitive.