IBAN in Hungary
To make an IBAN, banks combine local account details into one string of characters. This means you can calculate an IBAN using these account details.
What is the IBAN format in Hungary ?
An IBAN (International Bank Account Number) is an internationally-agreed code made up of up to 34 letters and numbers that helps banks make sure that international transfers are processed correctly.
Each set of characters represents a different detail for your bank account. You can see the breakdown of this IBAN below.
What is the IBAN code in Hungary?
IBAN in Hungary consists of 28 characters:
- → 2 letter country code
- → 2 digit check number
- → 26 digit code for the bank account number
Already have an IBAN code?
Check IBAN| IBAN example in Hungary | |
|---|---|
| IBAN in print format | HU42 1177 3016 1111 1018 0000 0000 |
| Country code | HU |
| Check digits | 42 |
| Bank account number | 26 characters |
Do not use. This is an example IBAN only and doesn't belong to any account. Your own IBAN will be unique to you.
Do you need an IBAN in Hungary?
Yes. If you're making – or expecting to receive – an international money transfer to a bank account in Hungary, then just a standard bank account number isn't enough. If you want your money to arrive quickly and safely, you'll usually need to give the bank a few extra details, such as an IBAN or Swift code.
Banks assign IBANs to each of their accounts to make sure that international transfers are processed correctly.
IBANs contain all of the country, bank, and account details you need to send or receive money internationally. This system is used throughout Europe, and also recognised in some areas of the Middle East, North Africa and the Caribbean.
Calculate IBANCompare prices for sending money abroad
Banks and other transfer services have a dirty little secret. They add hidden markups to their exchange rates - charging you more without your knowledge. And if they have a fee, they charge you twice.
Wise never hides fees in the exchange rate. We give you the mid-market rate. Compare our rate and fee with Western Union, ICICI Bank, WorldRemit and more, and see the difference for yourself.
We have a 4.3 out of 5 rating on Trustpilot
It's your money. You can trust us to get it where it needs to be, but don't take our word for it. Read our reviews at Trustpilot.com
Start saving with WiseA cheaper, faster way to send money abroad
Get started now for freeFAQs
IBAN (which stands for International Bank Account Number) is an internationally agreed code made up of up to 34 letters and numbers which helps banks make sure that international transfers are processed correctly.
In just a few letters and numbers, the IBAN captures all of the country, bank, and account details you need to send or receive money internationally. This system is used throughout Europe, and also recognised in some areas of the Middle East, North Africa and the Caribbean. Find IBAN examples for every country where it's used.
You can usually find your IBAN on your bank account statements, in your banking app or in your online banking. If you have your other bank account details to hand, you can also use calculator to find your IBAN. Calculate IBAN
You'll need a few details to send or receive a transfer – either domestically or internationally.
IBANs (international bank account numbers) identify individual bank accounts. They're issued by many banks in Europe, but banks elsewhere in the world are starting to adopt them as well.
Routing numbers help identify banks when processing domestic ACH payments or wire transfers. But only in the United States. You don't need one to make a payment to your friend in France, for example.
Swift codes, like routing numbers, also identify banks and financial institutions. This time for international payments. They're sometimes known as BIC codes.
When sending money internationally, there are a few big things you need to look out for. Often banks add hidden fees to the exchange rates they offer, often without even telling their customers. And with each bank sending your money at their own pace, choosing a fast provider can be difficult.
Wise gives you the real, mid-market exchange rate — the same rate you’ll see on Google, in fact. No hidden fees. No surprises. Just a much better deal. And on many popular routes, Wise can send your money within one day, and sometimes within seconds.
Swift codes are typically required for all international money transfers to Hungary. If you need to make an international money transfer, you will almost always need a Swift code. However, you don’t need a Swift code to make a domestic transfer within Hungary.