Hungary

Hungary

Terms

Terms and Conditions

Dear Client,
Please be informed, that as of October 1st, 2019 our List of Terms and Service Prices will be amended. The reasons for the change are the modification of the execution, and value date of transfer orders, and the introduction of urgent AUD, CZK, JPY and SGD payments. The amended List of Terms and Service Prices is available at our office in our Announcement, and on our website www.ingbank.hu.

In case of a framework contract, as defined in the Act LXXXV of 2009, you are deemed to have accepted the changes if you do not notify us that you do not accept them before the proposed date of their entry into force, moreover, you have the right to terminate the framework contract free of costs, fees and other payment obligations before the date of the proposed application of the changes.

Thank you for your cooperation,

ING Bank N.V Hungary Branch

List of Terms and Service Prices (effective 1 October, 2019)

 

Dear Client,

Please be informed that as of 01 September 2019 the Wholesale Banking Conditions will be amended.

The reason for the modification is the changes introduced by the Directive (EU) 2015/2366 of the European Parliament and of the Council with regard to regulatory technical standards for strong customer authentication and common and secure open standards of communication. The amended Wholesale Banking Conditions is available at our office, in our Announcement, and on the websites www.ingwholesalebanking.hu and https://ingpcm.com/en/wholesale-banking-conditions.

In case of a framework contract, as defined in the Act LXXXV of 2009, you are deemed to have accepted the changes if you do not notify us that you do not accept them before the date of their entry into force, moreover, you have the right to terminate the framework contract with immediate effect free of costs, fees and other payment obligations before the date of the application of the changes.

Thank you for your cooperation,

ING Bank N.V Hungary Branch

Wholesale Banking Conditions (effective 1 September, 2019)

 

Dear Client,

Please be informed that as of 14 September 2019 our General Terms and Conditions will be amended. The reason for the modification is the amendment of the Act LXXXV of 2009 on payment services as a result of the Hungarian implementation of the Directive (EU) 2015/2366 of the European Parliament and of the Council on payment services in the internal market (PSD 2). The amended General Terms and Conditions is available at our office, in our Announcement, and on our website www.ingwholesalebanking.hu.

In case of a framework contract, as defined in the Act LXXXV of 2009, you are deemed to have accepted the changes if you do not notify us that you do not accept them before the proposed date of their entry into force, moreover, you have the right to terminate the framework contract free of costs, fees and other payment obligations before the date of the proposed application of the changes.

Thank you for your cooperation,

ING Bank N.V Hungary Branch

General Terms and Conditions for Corporate Clients (effective 14 September, 2019)

 

Dear Client,

Please be informed that as of 01 July 2019 our General Terms and Conditions and the List of Terms and Service Prices will be amended. The reasons for the modifications are (i) the introduction of instant transfer, (ii) the clarification of the provisions regarding the transfer of data, and (iii) the modification of the Complaint Handling Policy of the Bank in line with the Hungarian National Bank decree No 46/2018. (XII. 17.). The amended General Terms and Conditions and the List of Terms and Service Prices is available at our office, in our Announcement, and on our website www.ingwholesalebanking.hu.

In case of a framework contract, as defined in the Act LXXXV of 2009, you are deemed to have accepted the changes if you do not notify us that you do not accept them before the proposed date of their entry into force, moreover, you have the right to terminate the framework contract free of costs, fees and other payment obligations before the date of the proposed application of the changes.

Thank you for your cooperation,

ING Bank N.V Hungary Branch

General Terms and Conditions for Corporate Clients (effective 1 July, 2019)

 

Dear Client,

Please be informed that as of 16 January 2019 our General Terms and Conditions will be amended.

The reasons for the modifications are (i) the amendment of the Compliant Handling Policy of the Bank ; and (ii) the change in the list of entities performing outsourced activities for the Bank.

The amended general terms and conditions is available at our office, in our Announcement, and on our website www.ingwholesalebanking.hu.

In case of a framework contract, as defined in the Act LXXXV of 2009, you are deemed to have accepted the changes if you do not notify us that you do not accept them before the proposed date of their entry into force, moreover, you have the right to terminate the framework contract free of costs, fees and other payment obligations before the date of the proposed application of the changes.

General Terms and conditions for Corporate Clients (effective 16 January, 2019)

Dear Client,

Please be informed that as of 13 August 2018 our General Terms and Conditions will be amended.

The reasons for the modifications are (i) to be fully in line with the provisions of the Act LIII of 2107 on the Prevention and Combating of Money Laundering and Terrorist Financing; and (ii) the change in the list of entities performing outsourced activities for the Bank.

The amended general terms and conditions is available at our office, in our Announcement, and on our website www.ingwholesalebanking.hu.

In case of a framework contract, as defined in the Act LXXXV of 2009, you are deemed to have accepted the changes if you do not notify us that you do not accept them before the proposed date of their entry into force, moreover, you have the right to terminate the framework contract free of costs, fees and other payment obligations before the date of the proposed application of the changes.

General Terms and conditions for Corporate Clients (effective 13 August, 2018)

 

Dear Client,

Please be informed that as of 30 July 2018 our General Terms and Conditions will be amended.

The reason for the amendment is ensuring compliance with GDPR (the EU General Data Protection Regulation (EU) 2016/679.).

The amended general terms and conditions is available at our office, in our Announcement, and on our website www.ingwholesalebanking.hu.

In case of a framework contract, as defined in the Act LXXXV of 2009, you are deemed to have accepted the changes if you do not notify us that you do not accept them before the proposed date of their entry into force, moreover, you have the right to terminate the framework contract free of costs, fees and other payment obligations before the date of the proposed application of the changes.

General Terms and conditions for Corporate Clients (effective 30 July, 2018)

 

Dear Client,

Please be informed that as of 01 July 2019 our General Terms and Conditions and the List of Terms and Service Prices will be amended. The reasons for the modifications are (i) the introduction of instant transfer, (ii) the clarification of the provisions regarding the transfer of data, and (iii) the modification of the Complaint Handling Policy of the Bank in line with the Hungarian National Bank decree No 46/2018. (XII. 17.). The amended General Terms and Conditions and the List of Terms and Service Prices is available at our office, in our Announcement, and on our website www.ingwholesalebanking.hu.

In case of a framework contract, as defined in the Act LXXXV of 2009, you are deemed to have accepted the changes if you do not notify us that you do not accept them before the proposed date of their entry into force, moreover, you have the right to terminate the framework contract free of costs, fees and other payment obligations before the date of the proposed application of the changes.

Thank you for your cooperation,

ING Bank N.V Hungary Branch

 

Dear Client,

Please be informed, that as of April 15th, 2019 our List of Terms and Service Prices will be amended. The reasons for the change is the modification of the time for determining foreign exchange rates on banking days. The amended List of Terms and Service Prices is available at our office in our Announcement, and on our website www.ingbank.hu. In case of a framework contract defined in the Act LXXXV of 2009, you are deemed to have accepted the changes if you do not notify us that you do not accept them before the proposed date of their entry into force. You have the right to terminate the framework contract immediately and free of costs, fees and other payment obligations before the date of the proposed application of the changes.

Thank you for your cooperation,

ING Bank N.V Hungary Branch”

 

Dear Client,

Please be informed, that as of November 3rd, 2018 our List of Terms and Service Prices will be amended. The reasons for the change are the modification of the execution, and value date of transfer orders, and the introduction of urgent CAD, CHF, and GBP payments. The amended List of Terms and Service Prices is available at our office in our Announcement, and on our website www.ingbank.hu. In case of a framework contract defined in the Act LXXXV of 2009, you are deemed to have accepted the changes if you do not notify us that you do not accept them before the proposed date of their entry into force. You have the right to terminate the framework contract immediately and free of costs, fees and other payment obligations before the date of the proposed application of the changes.

Thank you for your cooperation,

ING Bank N.V Hungary Branch

 

Dear Client,

Please be informed that as of 13 January 2018 our List of Terms and Conditions for Corporate Clients will be amended.

The reasons for the modifications are the amendment of the Act LXXXV of 2009 and the new Decree of the Hungarian National Bank No. 35/2017 (XII.14.) on payment services to be entered into force as of 13 January 2018 as a result of the Hungarian implementation of the Directive (EU) 2015/2366 of the European Parliament and of the Council on payment services in the internal market, amending Directives 2002/65/EC, 2009/110/EC and 2013/36/EU and Regulation (EU) No 1093/2010, and repealing Directive 2007/64/EC (PSD 2). The above referred Decree of the Hungarian National Bank was only published on 14 December 2017. Therefore, the amended List of Terms and Conditions might have been prepared and published only following such date. Due to the short time period between the publication and effective date of the Decree of the Hungarian National Bank that was available for preparation, the Bank reserves the right to amend the List of Terms and Conditions as a result of altered interpretation of the applicable laws. The amended General Terms and Conditions and the List of Terms and Service Prices are available at our office, in our Announcement, and on our website www.ingwholesalebanking.hu.

In case of a framework contract, as defined in the Act LXXXV of 2009, you are deemed to have accepted the changes if you do not notify us that you do not accept them before the proposed date of their entry into force, moreover, you have the right to terminate the framework contract immediately and free of costs, fees and other payment obligations before the date of the proposed application of the changes.

Thank you for your cooperation,

ING Bank N.V Hungary Branch

 

Dear Client,

Please be informed that as of 13 January 2018 the Wholesale Banking Conditions will be amended.

The reasons for the modifications is the change of law: the amendment of the Act LXXXV of 2009 on payment services to be entered into force as of 13 January 2018 as a result of the Hungarian implementation of the Directive (EU) 2015/2366 of the European Parliament and of the Council on payment services in the internal market, amending Directives 2002/65/EC, 2009/110/EC and 2013/36/EU and Regulation (EU) No 1093/2010, and repealing Directive 2007/64/EC (PSD 2).

The amended Wholesale Banking Conditions is available at our office, in our Announcement, and on the websites www.ingwholesalebanking.hu and https://ingpcm.com/en/wholesale-banking-conditions.

In case of a framework contract, as defined in the Act LXXXV of 2009, you are deemed to have accepted the changes if you do not notify us that you do not accept them before the date of their entry into force, moreover, you have the right to terminate the framework contract with immediate effect free of costs, fees and other payment obligations before the date of the application of the changes.

 

Dear Client,

Please be informed that as of 13 January 2018 our General Terms and Conditions will be amended.

The reasons for the modifications are (i) the amendment of the Act LXXXV of 2009 on payment services to be entered into force as of 13 January 2018 as a result of the Hungarian implementation of the Directive (EU) 2015/2366 of the European Parliament and of the Council on payment services in the internal market, amending Directives 2002/65/EC, 2009/110/EC and 2013/36/EU and Regulation (EU) No 1093/2010, and repealing Directive 2007/64/EC (PSD 2); and (ii) the change in the list of entities performing outsourced activities for the Bank.

The amended general terms and conditions is available at our office, in our Announcement, and on our website www.ingwholesalebanking.hu.

In case of a framework contract, as defined in the Act LXXXV of 2009, you are deemed to have accepted the changes if you do not notify us that you do not accept them before the proposed date of their entry into force, moreover, you have the right to terminate the framework contract free of costs, fees and other payment obligations before the date of the proposed application of the changes.

General Terms and Conditions for Corporate Clients (effective 13 January 2018)

 

Dear Client,

Please be informed, that as of 20 March 2017 our General Terms and Conditions and the Wholesale Banking Terms of Business for Investment Services will be amended.

The reasons for the modifications are  the change in the list of entities performing outsourced activities for the Bank and the contact information of MNB listed in the Banks’s Public Complaint Handling Policy.

The amended general terms and conditions are available at our office, in our Announcement, and on our website www.ingwholesalebanking.hu.

In case of a framework contract, as defined in the Act LXXXV of 2009, you are deemed to have accepted the changes if you do not notify us that you do not accept them before the proposed date of their entry into force, moreover, you have the right to terminate the framework contract immediately and free of costs, fees and other payment obligations before the date of the proposed application of the changes.

General Terms and Conditions for Corporate Clients (effective 20 March 2017)

 

Dear Client,

Please be informed, that as of 20 September 2016 our General Terms and Conditions will be amended.

The reasons for the modifications are the change in the list of entities (i) performing outsourced activities for the Bank and (ii) belonging to the ING Group.

The amended general terms and conditions is available at our office, in our Announcement, and on our website www.ingwholesalebanking.hu.

In case of a framework contract, as defined in the Act LXXXV of 2009, you are deemed to have accepted the changes if you do not notify us that you do not accept them before the proposed date of their entry into force, moreover, you have the right to terminate the framework contract immediately and free of costs, fees and other payment obligations before the date of the proposed application of the changes.

 

Please be informed, that as of 6 July 2016 our General Terms and Conditions and the Wholesale Banking Terms of Business for Investment Services will be amended.

 The reasons for the modifications of our General Terms and Conditions are the followings: (i) the amendment of the data protection provisions of the Act CXII of 2011 on Informational Self-Determination and Freedom of Information as of 1 January 2016; (ii) the amendment of provisions of the Dutch Depositor Guarantee Scheme due to compliance with the 2014/49/EU Directive of the European Parliament and of the Council; (iii) inclusion of notification provisions in relation to theAct XXXVII of 2013 (CRS) on the provisions of the international administrative cooperation in relation to tax and other related public levies and the Act XIX of 2014 (FATCA) on the publication of the Agreement between the Government of Hungary and the Government of the United States of America to Improve International Tax Compliance and to Implement FATCA and on the amendment of certain related Acts; (iv) and the change in the list of entities performing outsourced activities for the Bank.

 The reason for the amendment of the Wholesale Banking Terms of Business for Investment Services is the amendment of the Dutch Depositor Guarantee Scheme due to compliance with the 2014/49/EU Directive of the European Parliament and of the Council.

The amended general terms and conditions are available at our office, in our Announcement, and on our website www.ingwholesalebanking.hu.

 In case of a framework contract, as defined in the Act LXXXV of 2009, you are deemed to have accepted the changes if you do not notify us that you do not accept them before the proposed date of their entry into force, moreover, you have the right to terminate the framework contract immediately and free of costs, fees and other payment obligations before the date of the proposed application of the changes.

 

Please be informed, that as of 22 January 2016 our General Terms and Conditions and Wholesale Banking Terms of Business for Investment Services will be amended. The reason for the change is the amendment of the data protection provisions of the Act CXII of 2011 on Informational Self-Determination and Freedom of Information as of 1 October 2015 and the change of the name of the ING Online application to InsideBusiness Payments Hungary as of 1 September 2015. The amended General Terms and Conditions and Wholesale Banking Terms of Business for Investment Services are available at our office, in our Announcement, and on our website www.ingwholesalebanking.hu. In case of a framework contract as defined in the Act LXXXV of 2009, you are deemed to have accepted the changes if you do not notify us that you do not accept them before the proposed date of their entry into force, moreover, you have the right to terminate the framework contract immediately and free of costs, fees and other payment obligations before the date of the proposed application of the changes.”

 

Please be informed, that as of December 1, 2015 our General Terms and Conditions, Commercial Banking Terms of Business for Investment Services and Complaint Handling Policy will be amended. The reason for the change is the amendment of the legislation (the entering into effect of certain amendments with regard to Act CCXXXVII of 2013 on the credit institutions and financial enterprises and Act CXXXVIII of 2007 on Investment Firms and Commodity Dealers, and on the Regulations Governing their Activities, which provide with modified the rules on complaint handling, with the remark, that latter Act was also  supplemented with provisions on the reports to be provided in connection with the provision of investment services). Consequently, the stipulations concerning complaint handling in both GTC’s and the Complaint Handling Policy will be amended as well, further in order to comply with the applicable law the provisions of the Commercial Banking Terms of Business for Investment Services will also be amended in connection with Reports to be sent to the Clients.  The amended GTC’s and Complaint Handling Policy are available at our office in our Announcement, and on our website www.ingwholesalebanking.hu. In case of a framework contract defined in the Act LXXXV of 2009, you are deemed to have accepted the changes if you do not notify us that you do not accept them before the proposed date of their entry into force, moreover, you have the right to terminate the framework contract immediately and free of costs, fees and other payment obligations before the date of the proposed application of the changes.

Please be informed, that as of 10 October 2015 our General Terms and Conditions (GtC) will be amended. The reason for the amendment is a change in the list of entities performing outsource activities (service of third persons used by the Bank to provide its services) pursuant to the authorisation granted in Clause 31.1 of the GtC. Consequently, the last paragraph of Clause 29.11 of the GtC has been supplemented with ING Global Services and Operations, Inc. as outsource service provider. The amended GtC is available at our office, in our Announcement, and on our website www.ingwholesalebanking.hu. In case of a framework contract defined in the Act LXXXV of 2009, you are deemed to have accepted the changes if you do not notify us that you do not accept them before the proposed date of their entry into force. You have the right to terminate the framework contract immediately and free of costs, fees and other payment obligations before the date of the proposed application of the changes.

  

Dear Client,

Please be informed, that as of October 2nd, 2017 our List of Terms and Service Prices will be amended. The reasons for the change are the amendment of sight interest rates and extension of reporting services as well as the introduction of urgent PLN and RON payments. The amended List of Terms and Service Prices is available at our office in our Announcement, and on our website www.ingwholesalebanking.hu. In case of a framework contract defined in the Act LXXXV of 2009, you are deemed to have accepted the changes if you do not notify us that you do not accept them before the proposed date of their entry into force. You have the right to terminate the framework contract immediately and free of costs, fees and other payment obligations before the date of the proposed application of the changes.

Thank you for your cooperation,

ING Bank N.V Hungary Branch

 

Dear Client,

Please be informed, that as of April 3rd, 2017 our List of Terms and Service Prices will be amended. The reasons for the change are the amendment of sight interest rates and extension of reporting services. The amended List of Terms and Service Prices is available at our office in our Announcement, and on our website www.ingwholesalebanking.hu. In case of a framework contract defined in the Act LXXXV of 2009, you are deemed to have accepted the changes if you do not notify us that you do not accept them before the proposed date of their entry into force. You have the right to terminate the framework contract immediately and free of costs, fees and other payment obligations before the date of the proposed application of the changes.

Thank you for your cooperation,

ING Bank N.V Hungary Branch

 

Dear Client,

Please be informed, that as of September 6, 2016 our List of Terms and Service Prices will be amended. The reasons for the change are the distinction of same day EUR payments (TARGET and Urgent SEPA),  intra-company EUR transfers are only executed on same day, later cut off time for standard (T+1) SEPA credit transfers, introduction of SEPA Direct Debit and extension of documentary business services. The amended List of Terms and Service Prices is available at our office in our Announcement, and on our website www.ingwholesalebanking.hu. In case of a framework contract defined in the Act LXXXV of 2009, you are deemed to have accepted the changes if you do not notify us that you do not accept them before the proposed date of their entry into force. You have the right to terminate the framework contract immediately and free of costs, fees and other payment obligations before the date of the proposed application of the changes.

Thank you for your cooperation,

ING Bank N.V Hungary Branch

 

Please be informed, that as of September 7, 2015 our List of Terms and Service Prices will be amended. The reasons for the change are the prolongation of the domestic clearing system’s opening hours and  the introduction of SEPA credit transfer that will replace the former EUP payment. The modification does not affect the existing pricing. The amended List of Terms and Service Prices is available at our office in our Announcement, and on our website www.ingwholesalebanking.hu. In case of a framework contract defined in the Act LXXXV of 2009, you are deemed to have accepted the changes if you do not notify us that you do not accept them before the proposed date of their entry into force. You have the right to terminate the framework contract immediately and free of costs, fees and other payment obligations before the date of the proposed application of the changes.

Please be informed, that as of June 28, 2015 our General Terms and Conditions, Commercial Banking Terms of Business for Investment Services and Complaint Handling Policy has been amended. The reason for the change is the amendment of the rule of law and the changes of the contact points. Consequently, the stipulations concerning complaint handling, supervisory authority, Client Service and the contact points related thereto in both GTC and the Complaint Handling Policy will be changed as well.  The amended GTC’s and Complaint Handling Policy are available at our office in our Announcement, and on our website www.ingwholesalebanking.hu. In case of a framework contract defined in the Act LXXXV of 2009, you are deemed to have accepted the changes if you do not notify us that you do not accept them before the proposed date of their entry into force, moreover, you have the right to terminate the framework contract immediately and free of costs, fees and other payment obligations before the date of the proposed application of the changes.”

 

Dear Client,

Please be informed, that as of 3 January 2018  our Wholesale Banking Terms of Business for Investment Services will be amended.

The reason for the amendment is ensuring compliance with Mifid II (that is 2014/65/EU directive and the applicable other regulations, including the Act CXXXVIII of 2007 on the investment firms and commodity exchange service providers and on the rules of the activities provided by them ).

The amended general terms and conditions is available at our office, in our Announcement, and on our website www.ingwholesalebanking.hu

 

Dear Client,

Please be informed, that as of 4 June 2018  our Wholesale Banking Terms of Business for Investment Services will be amended.

The reason for the amendment is ensuring compliance with GDPR (the EU General Data Protection Regulation (EU) 2016/679.).

The amended general terms and conditions is available at our office, in our Announcement, and on our website www.ingwholesalebanking.hu.