Revolut has reached a new milestone in Hungary, announcing that its user base has grown to over 2 million, marking a 33% increase over the past year. According to the company, 80% of transactions by Hungarian users are now conducted within the country.
Over 360,000 Hungarians currently hold active investment accounts with Revolut. The average portfolio is valued at approximately €1,329 per user, with access to a broad spectrum of over 5,000 U.S. and European stocks, ETFs, and bonds.
Savings accounts are gaining traction as well, with more than 145,000 customers participating. These accounts carry an average balance of €1,400, and Revolut offers up to 4.75% annual interest, credited daily depending on the customer’s plan.
The fintech app’s joint account feature has seen a dramatic 98% annual increase, now used by 33,500 Hungarian clients. Revolut has also introduced accounts for minors, and over 92,000 users under 18 have joined, with nearly a third residing in Budapest.
While Budapest leads in Revolut usage, with a 34% penetration rate, rural and regional areas are rapidly catching up. Penetration stands at 26% in Pest County, and growth is accelerating in counties such as Győr-Moson-Sopron (22%) and Borsod-Abaúj-Zemplén (17%).
Revolut eyes ATM expansion amid tax changes in Hungary
In response to Hungary’s planned expansion of the transaction tax to include electronic money transactions, Revolut is exploring new services.
One such development is the rollout of its own ATM network, already tested in Spain, which could offer innovative services beyond cash withdrawal, including card distribution and additional fintech tools.
