I need tens of thousands EUR to be converted to HUF and transfered to a Hungarian account. The money is currently sitting in 3 different accounts in EU banks (all the accounts are under my name). The business I’d like to make can only be done in HUF, so exchanging is a must.
One of the options I have: is to transfer the € directly to my Hungarian account and let my bank convert it to HUF. This is super risk free and quick, but I lose ~2% on the exchange rates immediately, which is quite painful at this amount.
I’d like to understand if I have a cheaper option with Revolut. As far as I understand Revolut Premium comes with unlimited FX so hypothetically I can transfer the money to my Revolut account, exchange it to HUF and then transfer to Hungary.
The question I have is if its possible that Revolut will freeze my account if such a volume of money flows in and out in a very short timeframe (maybe money laundering). Cause of course, it would be great to save that 2% but its hell lot better to pay 2% than to fail the business.
I know that you guys dont have a crystal ball to tell me 100% sure about whats gonna happen. Rather then that I’d like to hear what your common sense suggests.
Let me know your thoughts!
ps: no, its not money laundering