K&H SZÉP Card

• you can apply for a new K&H SZÉP Card in the branches of K&H Bank, free of charge
• three bank accounts (accommodation, hospitality and recreation subaccounts) are linked to the K&H SZÉP Card to which your employer can directly transfer the SZÉP Card employer benefits
• you can even apply for a SZÉP co-card for your close relatives and spouse/partner at any K&H Bank branch, now free of charge as part of our current special offer

In accordance with Government Decree No. 140/2020 (21 April) employers operating in the private sector can provide benefits for up to HUF 800,000 per year while employers operating in the public sector can provide benefits for up to HUF 400,000 per year in 2020 under preferential taxation.

Allocations also increased in 2020:

• instead of HUF 225,000, the employer can now transfer HUF 400,000 to the accommodation subaccount
• instead of HUF 150,000, the employer can now transfer HUF 265,000 to the hospitality subaccount
• instead of HUF 75,000, the employer can now transfer HUF 135,000 to the recreation subaccount

as SZÉP Card benefit under preferential taxation.

Benefits transferred before 31 December 2020 are exempt from social contribution tax, so employers are only liable to pay personal income tax on these SZÉP Card benefits.

Employers may also provide SZÉP Card benefits on top of the allocation, however, the amount exceeding the allocation is subject to personal income tax as well as social contribution tax.

Three subaccounts (previously called “wallets”) are linked to your SZÉP Card which can be used for different purposes: accommodation, hospitality and recreation. Please note that you may use your card only at the K&H SZÉP Card acceptance points.

now let's look at some examples for each subaccount:

accommodation:

• domestic accommodation services (e.g. wellness hotel, private accommodation, bed and breakfast)
• services provided by the accommodation (e.g. wellness treatments, sightseeing, hikes)
• domestic packages of travel agencies
• spa or pool admission

hospitality:

• restaurants
• workplace cafeteria
• domestic accommodation services (e.g. wellness hotel, private accommodation, bed and breakfast)
• spa or pool admission

recreation:

• admission to amusement parks, zoos and botanical gardens
• admission to concerts, festivals and museums
• sports services, sports clubs, gym passes
• admission to spas, pools and beaches
• boating, horseback riding, bicycle rental
• forest railway
• health preservation, solarium
• nonmedical therapeutic treatments, such as: physiotherapy, nursing, medical massage, chiropractor
• domestic accommodation services (e.g. wellness hotel, private accommodation, bed and breakfast)

• we will send your inactive K&H SZÉP Card to the mailing address you provided upon contracting. You will have to activate your card prior to its first usage 
• online, you can activate your card on the cardholders’ interface in the K&H SZÉP card system 
• via telephone, you can activate your card by calling K&H TeleCenter at +36 1/20/30/70 335 3355 (menu no. 7: K&H SZÉP Card Customer Service)
   

• you can use your SZÉP card at the SZÉP Card acceptance points, on bank POS terminals, online, on the website of the merchant or via telephone,
• the K&H SZÉP Card can also be used for paying accommodation booking deposit
• there is no PIN code linked to the card; you can certify your personal identity upon payment with your signature and a photo ID
• when transacting online, you must also indicate the password belonging to the card
• when performing transactions through the telephone customer service, identification is done by asking security questions
• for transactions performed on POS terminals or online, a receipt will be issued, or you can ask for one
• no cash withdrawal is allowed with the K&H SZÉP Card
• when using the card for payment, you should pay special attention to the cost of the service being settled against the appropriate sub-account (accommodation, hospitality, recreation)
• using the K&H SZÉP Card is free of charge

with the help of the K&H SZÉP Card point of acceptance finder you can easily choose the location where you can use your card, or you can enquire directly at the given service provider.

• your balance, the data of the transactions performed with your card and your account statement are accessible online on the cardholder interface in the K&H SZÉP card system
• if you are interested only in your balance, you can also enquire it by calling the K&H SZÉP Card Customer Service (+36 1/20/30/70 335 3355 /menu item no. 7)
• if you provide us your email address, we will send you a message about any data modification carried out online as well as about your expiring balance, card blockage and the ordering of a replacement card
   

• your card is valid for 5 years from the date of its issue by the bank and will be replaced by a new one after 5 years. The new card will be mailed to you and you can use it in the same way as the original card after activation, free of charge.
• please note that if the balance of your K&H SZÉP Card is zero, we may inactivate your card. 
• your card may be reactivated with any top up received from your employer. If your card expired in the meantime, then K&H will send a renewed card to the main cardholder via postal mail.

the card is issued to a specific person and only the cardholder may use it. If you want your family member or relative to also be able to use the balance on the card, then you may apply for a co-card making your family member the holder of the co-card.

if you lost your K&H SZÉP Card, you can block the card and apply for a replacement card. At K&H, applying for a replacement card is now free of charge. This condition may change later on. You can conveniently request the blocking of your card or apply for a replacement card by calling the K&H SZÉP Card Customer Service at +36 1/20/30/70 335 3355 (menu item no. 7), or by visiting any K&H Bank branch. 

• the K&H SZÉP Card Customer Service is at your disposal every day of the week between 7 a.m. and 10 p.m. Outside these hours the K&H SZÉP Card Customer Service only handles emergency transactions (primarily blocking and authorising SZÉP cards) 24 hours a day, 365 days a year
• you may also send your questions and possible complaints to szepkartya@kh.hu via email

• to sign in to the K&H SZÉP Card system and to activate the card, you will need the card number and the initial password (the initial password is indicated on the card delivery form)
• when you first sign in, the system will automatically ask you to change the initial password. Once the operation is successfully completed, your card will be automatically activated
• under the „card activation” menu, both the main cardholder and the co-card holder is entitled to activate the co-card
• if you forgot your password, use the „forgotten password” function. If you are still unable to sign in, then call the K&H TeleCenter at +36 1/20/30/70 335 3355 (menu item no. 7, K&H SZÉP Card Customer Service) where our colleagues will be pleased to assist you
• if an incorrect sign in attempt is made 7 times in a row within 24 hours, the system will block the user for 24 hours and the ID will be suspended. At the end of the 24-hour blocking period, you can try to sign in again, and the forgotten password function will once again be available.

• on the cardholder interface of the K&H SZÉP card system you may initiate a payment transaction for a given point of acceptance

In accordance with Government Decree No. 140/2020 (21 April) employers operating in the private sector can provide benefits for up to HUF 800,000 per year, while employers operating in the public sector can provide benefits for up to HUF 400,000 per year in 2020 under preferential taxation.

allocations also increased in 2020:

• instead of HUF 225,000, the employer can now transfer HUF 400,000 to the accommodation subaccount
• instead of HUF 150,000, the employer can now transfer HUF 265,000 to the hospitality subaccount
• instead of HUF 75,000, the employer can now transfer HUF 135,000 to the recreation subaccount

as SZÉP Card benefit under preferential taxation.

Benefits transferred before 31 December 2020 are exempt from social contribution tax, so employers are only liable to pay personal income tax for these SZÉP Card benefits.

Employers may also provide SZÉP Card benefits on top of the allocation, however, the amount exceeding the allocation is subject to personal income tax as well as social contribution tax.

Employers may opt for preferential taxation for SZÉP Card benefits provided within the allocation amount. Employers have to pay social contribution tax and personal income tax for the SZÉP Card benefits.

However, according to Government Decree 140/2020 (21 April) and Government Decree 225/2020 (22 May), in 2020 SZÉP Card benefits of up to HUF 800,000 are exempt from social contribution tax, so the benefits are only subject to personal income tax.

K&H Bank has developed a convenience service for employers which is accessible free of charge after contracting. The K&H SZÉP Account GIRO query interface is accessible on the K&H SZÉP Card employer interface. This interface makes it easier for employers to query and collect the K&H SZÉP Card account numbers of employees, and to record them in their HR system.

• to use the convenience service, employers need to conclude the K&H SZÉP Card Employer Contract  
• two copies of the contract with original signatures have to be sent to the PO Box address “K&H SZÉP Kártya 1851 Budapest” or submitted to a K&H Bank branch
• the contract signed by K&H Bank and containing the employer ID and the related initial password will be sent to the mailing address provided by the company. This employer ID and the related initial password will be needed to sign in to the K&H SZÉP Card System online employer interface

Employees will have to apply for the SZÉP Card in the branch network of K&H Bank, but we can also arrange on-site bank administration on the premises of the company to support the employees’ K&H SZÉP Card application. Please consult one of our branches about such on-site arrangements.

• employers who readily motivate their highly performing employees
• employers who want to provide fringe benefits to their staff while taking advantage of the preferential taxation

Government Decree 76/2018 (20 April) significantly modified the rules of issuing and using Széchenyi Recreation Cards. You can download the relevant detailed, English and Hungarian language information at the following link:

• on the cardholder interface of the K&H SZÉP card system cardholders may initiate payment transactions for a given point of acceptance
• the cardholder may initiate the transaction by indicating the ID of the point of acceptance
• to perform the transaction, the merchant must provide the ID of the point of acceptance to the cardholder 
• the ID of the point of acceptance is included in the signed merchant contract or can be obtained from the K&H SZÉP Card Customer Service during an identified call
• during the payment transaction, the cardholder must provide the subaccount to be charged and the amount of the payment in addition to the ID of the point of acceptance
• after the authorisation of the payment, the transaction is executed immediately, there is no possibility for correction
• financial settlement takes place on the working day following the transaction, as in the case of other payment transactions performed with K&H SZÉP Card
• for additional information on the payment of deposit, please read the document titled K&H SZÉP Card deposit payment information for merchants 
• in addition to the above, it is also possible to register accommodation booking deposit transactions on the merchant interface of the K&H SZÉP card system.

• concluding the K&H SZÉP Card acceptance contract is free of charge
• based on the turnover, we charge a minimum of HUF 12 per transaction but not more than the 3.6% commission defined by the Government Decree
• transaction amounts are settled and credited on the working day following the transaction

• for every merchant or service provider who wants to speed up their payment transactions
• for those who want to expand their clientele through SZÉP Card acceptance
• we can provide K&H SZÉP Card acceptance for private accommodations even without POS terminal