Question 1

What is the "ATM Dynamic Currency Conversion" scam in Budapest?

Accepted Answer

ATMs throughout Budapest, especially near Vörösmarty Square and Andrássy Avenue, default to charging in your home currency with poor exchange rates. Always select to pay in Hungarian Forints (HUF) at any ATM or card machine.

Question 2

What is the "Fake Currency Exchange Rate" scam in Budapest?

Accepted Answer

Exchange bureaus on Váci utca display very attractive rates on large screens but apply hidden fees that reduce the real rate significantly. Some present the final amount only after you have handed over your cash. Ask for the exact final amount before handing over any money. Bank ATMs offer the best exchange rates in Hungary.

Money & ATM Scams in Budapest

ATM Dynamic Currency Conversion

Fake Currency Exchange Rate

Experienced a scam here?