# The free TBSZ The Lightyear experience you know and love. No opening, holding or withdrawal fees. Regulated by the EFSA The only free TBSZ account in Hungary. No opening, holding or withdrawal fees. ### Hungary - Reduce income tax: Take your investment return tax to 0% by holding investments for 5 years. - Invest in ETFs for free: No execution or holding fees. And, no conversion fees when investing in ETFs in your home currency. Max 1 € / $ / £ transaction fee for single shares. - Earn interest: Earn up to 3.70% with USD Savings - an investment product with fast access to your money, whenever you need it. ## Lightyear TBSZ. I'm in. Convenient, low cost investing – all in our free TBSZ. ### Built for your future No more emails, long waiting times or office visits to manage your account. And if you have any questions – our support team’s there to help, in English and Hungarian. Join Hungarian investor Petya Balogh and thousands of others, and invest in your future. ### No opening, holding or withdrawal fees Over 6000 stocks, funds and bonds from the US, UK and European markets. We offer diverse ETFs from some of the world’s largest fund managers. 

Lightyear TBSZ is free - no opening, holding or withdrawal fees. ### Take your tax to 0 Take your investment return tax to 0% by holding investments for 5 years. Try our [TBSZ savings calculator](/tools/tbsz-calculator) to learn how much you could save, based on different return rates and the tax advantages TBSZ provides. ## No more high fees Investing doesn’t need to cost an arm and a leg – we’re proof of that. - TBSZ opening fee - TBSZ holding fee - Withdrawals: to a bank account not associated with the the broker - ETFs: per order - US stocks: per order - EUR-denominated stocks: per order - Currency conversion (FX) Pricing comparison of other providers accurate as of 12th November 2025, based on a portfolio of HUF 300,000. Information displayed on the table above is based on competitors' websites information. For the most up to date information please visit their respective websites. ERSTE: The information provided is based on Erste Befektetési Zrt.'s [fee schedule](https://www.erstemarket.hu/fajl/f2f660ee745a05a8fd2f942b454e1a22b214f622-68f3535e28a380C78709D-4F86-4AFF-995D-0E000C08D71B). K&H: The information provided is based on the K&H Securities Bronze Online fee package. OTP Bank: Pricing might vary depending on the account plan you're on. See [FX pricing](https://www.otpbank.hu/static/portal/sw/file/Penzszamlak_kamat_ktg_H_20251103.pdf) and [trade pricing](https://www.otpbank.hu/static/portal/sw/file/U_BSZUSZ_mellD1_Ertekpapir_dijtetelek_20251118.pdf). ## As seen in - [Vilaggazdasag](https://www.vg.hu/penz-es-tokepiac/2023/10/ilyen-meg-nem-volt-uj-lehetoseg-elott-a-magyar-befektetok-kozoskodik-a-lightyear-es-a-blackrock) - [Forbes Hungary](https://forbes.hu/penz/lightyear-befektetes-magyarorszag-terjeszkedes-applikacio/) - [Portfolio](https://www.portfolio.hu/befektetes/20230920/uj-befektetesi-szolgaltato-tort-be-magyarorszagra-8-feletti-netto-hozamot-ad-a-penzunkre-640881) - [Fintech Hungary](https://fintech.hu/gondolj-magadra-a-jovodre-arra-hogy-mit-szeretnel-csinalni-interju-a-figyelmes-techzsenivel-aki-magyarorszag-legforrobb-penzugyi-appja-mogott-all/) ## Keeping your money safe Trusting us with your investments is something we do not take for granted. ### Multi-country regulation - Regulated in the UK by the FCA: We’re authorised and regulated by the Financial Conduct Authority ([FRN 987226](https://register.fca.org.uk/s/firm?id=0014G000034WTPOQA4)). Lightyear UK Ltd is a company registered in England and Wales with company number 14367910. - Regulated in the EU by EFSA: We’re authorised and regulated by the Estonian Financial Supervision Authority (4.1-1/31 and 4.1-1/147) and authorised to operate across the European Union. ### Government insurance - Your US securities are SIPC protected up to $500,000: Your US securities are held with our partner Alpaca, who is FINRA regulated and a registered member of the Securities Investor Protection Corporation (SIPC). - EU investor protections insure up to €20,000 across your portfolio: Your assets are covered up to the amount €20,000 by the Estonian Investor Protection Sectoral Fund. Crypto-assets are not covered by any investor compensation scheme in the EU. ### Safeguarding your assets - We safeguard your cash with authorised banks & financial institutions: Customer funds are held in a mix of AAA-rated BlackRock and J.P. Morgan Asset Management Money Market Funds and cash in authorised commercial banks. Your money is always kept separate from ours. - Your assets are yours, no one else’s: Your assets are yours, no one else’s. You are the owner of all your investments, and your assets are held in separate accounts. Your assets can’t be touched by our creditors and in the unlikely event of Lightyear’s insolvency, everything is returned to you. Your crypto-assets are no different. ## Anything and everything about TBSZ ### What is a "Tartós Befektetési Számla" or TBSZ? A Tartós Befektetési Számla (TBSZ) is a tax-advantaged Long-term Investment Account for Hungarian tax residents. The main benefit is a reduced tax rate of 0% on investment returns after 5 years. To open a TBSZ account, you must be: - Over 18 years old - A Hungarian tax resident - A Hungarian resident ### Can I earn interest on uninvested money in the TBSZ account? The Hungarian law currently only allows banks to pass on interest on the money users hold in their TBSZ account. As a regulated investment service provider, today, we can only pay interest on your money in your general Lightyear account. Within the TBSZ account, you can make the most out of today’s high interest rates with BlackRock’s money market funds. ### How can I open a TBSZ account with Lightyear? To open a TBSZ account, you must be: - Over 18 years old - A Hungarian tax resident - A Hungarian resident To open the account, you need to: - Open or log in to your personal account - Navigate to your profile on the top left corner of the app - Click on “Add another account” ### How do I put money into a TBSZ account? There's two ways to deposit money to your TBSZ: 1. You can **directly deposit to TBSZ** by card payment. 2. You can **transfer money to your general Lightyear account, then move it to your TBSZ balance** ([here's](https://lightyear.com/en-hu/help/deposits-conversions-and-withdrawals/depositing) a guide to deposits into Lightyear). To move money between balances on Lightyear, just select 'Deposit' on your TBSZ Portfolio page and choose your general account balance for the payment. Bank transfers into Lightyear are free of charge but might take longer than card payments. Keep in mind that you can only deposit into a TBSZ during the collection year of that account, meaning the calendar year that you opened your TBSZ. You can deposit and hold money in the same currencies as with the Lightyear general account. ### Can I transfer my TBSZ with another provider to Lightyear? Exciting news, we’re currently building TBSZ transfers to Lightyear! You can already join the waitlist from your mobile app and be among the first to transfer your portfolio over. To sign up, just go to 'Transfer your portfolio' section from the main menu. When you sign up for the waitlist, look out for an email from our team on when and how to initiate the transfer. ### What's the process for paying taxes on a TBSZ account? While the TBSZ account takes your investment return tax to 0% after five years, you are still responsible for determining and paying the tax yourself — especially if you close your TBSZ account before that. Tax certificates will be provided. ## Disclaimer When investing, your capital is at risk. Lightyear does not provide tax advice. Terms apply, seek guidance if necessary. --- Canonical: https://lightyear.com/en-eu/tbsz