Settlement of transactions executed with debit or credit card issued by UniCredit Bank Hungary Zrt.

 

According to the provisions of section 3a. of “REGULATION (EU) 2019/518 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 19 March 2019 amending Regulation (EC) No 924/2009 as regards certain charges on cross-border payments in the Union and currency conversion charges” (hereinafter: Regulation) the Bank provides with the following information regarding conversion charges arisen during the settlement of transaction executed with debit or credit card.

 

I. Settlement of transactions – amount and currency of item received by the Bank

In case of transactions occurred outside Hungary – if the original currency of the transaction differs from the settlement currency applicable by Schemes- the item will be converted by Schemes using their own exchange rates according to the rules described in section 1. and 2. below, upon the value of which the Bank has no influence.

1. Settlement currency for transactions conducted abroad (outside Hungary) with MasterCard type cards

1.1. Settlement currency for transactions conducted abroad (outside Hungary) with MasterCard debit and charge cards

The settlement currency for transactions occurred in USD is USD, otherwise it is EUR (except for cases described in this section II.1.2.).

1.2.  Settlement currency for transactions conducted abroad (outside Hungary) with MasterCard credit cards is in all cases EUR. (except for cases described in this section II.1.2.).

2. Settlement currency for transactions conducted abroad (outside Hungary) with Visa cards

USD in all cases. (except for cases described in this section II1.2).

 

II. Settlement of transactions – settlement of the item by the Bank on the Client’s account

1.1. In the event of domestic Bank Card transactions (conducted in Hungary based on the country code sent by the point of acceptance upon electronic identification of the transaction) where the currency of the amount appearing on the transaction slip is the same as the currency of the account covering the use of the Bank Card or of the credit line related to the credit card, the amount debited to the bank card or accounted for against the credit line shall be equal to the amount appearing on the transaction slip.

1.2. In case of transactions occurred outside Hungary (if the Acquirer is located outside of Hungary according to electronic country identification) and the approved amount on the sales slip is Hungarian Forint and the currency is matching the currency of the Credit line behind the Credit card or the bank account behind the Debit Card, the amount of the transaction charged onto the account or the Credit line is the same amount that is approved on the Sales slip.

In the case of transactions where the amount appearing/approved on the transaction slip is not the same as the currency of the account or credit card account providing coverage for the use of the Bank Card, the amount debited/credited against the bank account/credit line shall be accounted for using the settlement currency received by the Bank.

If the currency of the item received by the Bank differs from the currency of charged account, in such case the Bank converts the item using his own exchange rate effective on settlement day.

The information requirements on currency conversion charges shall apply to national and cross-border payments that are denominated either in euro or in a national currency of a Member State other than the euro and that involve a currency conversion service.

According to the provisions of Regulation the Bank provides with the total currency conversion charges as a percentage mark-up over the latest available euro foreign exchange reference rates issued by the European Central Bank (ECB) in the table below.

Currency of the settlement account/ currency of the item received by the Bank EUR USD HUF
HUF 2,62% 2,77% No conversion
EUR No conversion 5,50% 2,65%
GBP 5,06% 5,21% 2,37%
DKK 6,15% 6,31% 3,44%
CZK 6,16% 6,32% 3,45%
HRK 6,16% 6,32% 3,45%
RON 6,28% 6,44% 3,56%
NOK 6,19% 6,35% 3,48%
SEK 6,06% 6,22% 3,36%
BGN 6,13% 6,29% 3,42%
PLN 6,18% 6,34% 3,47%
CHF 5,13% 5,29% 2,45%
USD 5,18% Not EEA currency Not EEA currency
Currency of the settlement account/ currency of the item received by the Bank EUR USD HUF
HUF 2,62% 2,77% No conversion
EUR No conversion 3,84% 1,04%
GBP 3,41% 3,57% 0,77%
DKK 3,92% 4,08% 1,27%
CZK 3,94% 4,09% 1,28%
HRK 3,93% 4,09% 1,28%
RON 4,05% 4,21% 1,39%
NOK 3,96% 4,12% 1,31%
SEK 3,84% 4,00% 1,19%
BGN 3,90% 4,06% 1,25%
PLN 3,95% 4,11% 1,30%
CHF 3,48% 3,64% 0,84%
USD 3,54% Not EEA currency Not EEA currency
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