Overall, there are more cash transactions in Hungary than is usual in Western Europe, but other methods of payment are available. For example, money may be transferred within Hungary by postal order within three days. Credit and debit cards are becoming a widely accepted means of payment, especially in Budapest. These cards can also be used to withdraw money at most commercial banks. Automatic teller machines can now be found all around Budapest and in other cities in Hungary.
Cheques are less convenient.
Obtaining money via cheque from abroad can take up to six weeks after the money has been paid in. Compared to cheques, the Moneygram service from American Express offers a more efficient way to obtain cash. For larger amounts, however, it may be better to use a bank wire transfer, which should take three days. Act on Credit Institutions distinguishes between credit institutions and financial businesses. A foreign financial institution registered in an OECD member state may also provide cross-border services if its operational license includes such activity.