The club of the fourth division of the Hungarian football league was established in June 1899 as Váci Városi SE plays its home matches at the Stadion Városi Vác.

The team has undergone a number of name changes since its inception, often due to the politics of the time, and since 2003 has been named after the Dunakanyar, Hungarian for Danube Bend, the point where the Danube river changes direction near where Vác is located.

Before 1926 in the Hungarian football system there were only Budapest teams allowed to play in the first league.

There were regional championships (kerületi bajnokság) for the non-Budapest (Hungarian: vidéki) teams.

They reached the Hungarian Cup final in 1991 and 1992, but lost 0–1 against Ferencvárosi TC and 0–1 after extra time against Újpest FC.

They played in the UEFA Champions League 1994-95, losing both matches, 3–0 and 2–1, against Paris Saint-Germain F.C., from France.

In the UEFA Cup 1993-94 they won their first match against Apollon Limassol 2–0, but lost the second 0–4 and didn't make it out of the first round.