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
3 characters from the bank's bank code
4 digit code for the bank branch
16 digit code for the bank account number
1 digit code for national code

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IBAN example in Hungary	HU42117730161111101800000000
IBAN in print format	HU42 1177 3016 1111 1018 0000 0000
Country code	HU
Check digits	42
Bank code	117
Branch code	7301
Bank account number	6111110180000000
National check digit	0

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.

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Sending 1,000.00 USD with	Recipient gets(Total after fees)	Transfer fee	Exchange rate(1 USD → HUF)
Cheapest	363,598 HUFSave up to 13,259 HUF	10.54 USD	367.471
	361,144 HUF- 2,454 HUF	0.00 USD	361.144
	361,092 HUF- 2,506 HUF	0.00 USD	361.092
	359,076 HUF- 4,521 HUF	1.99 USD	359.792
	350,338 HUF- 13,259 HUF	4.99 USD	352.095

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