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Akif Hazarvi

Hungary IBAN

HU·HUF·SEPA

The International Bank Account Number (IBAN) for Hungary is 28 characters long and is used to identify bank accounts for international transactions, within the SEPA network for euro transfers and via SWIFT for non-euro currencies.

A Hungary IBAN begins with the country code HU and two check digits, followed by the 24-character BBAN (Basic Bank Account Number). The Hungary BBAN encodes a 26-character account number. As a SEPA member, Hungary supports low-cost euro transfers across 36+ European countries using the HUF currency. Always include the full 28-character IBAN together with the bank's BIC/SWIFT code when making or receiving international payments.

IBAN Length

28 chars

Currency

HUF

SEPA

Yes

Banks

11+

Example IBAN

Electronic format

HU42117730161111101800000000

Print format

HU42 1177 3016 1111 1018 0000 0000

IBAN structure for Hungary

A Hungary IBAN is 28 characters long and consists of the following components:

Country code

HU

Check digits

42

Account number

26 chars

Total length28 characters

BBAN format details

The Basic Bank Account Number (BBAN) is the domestic part of the IBAN, following the country code and check digits. Here is the BBAN validation format for Hungary:

Account number26 characters

^[a-zA-Z0-9]{26}

Major banks in Hungary

11 banks in Hungary that support IBAN-based international transfers:

O

OTP Bank Plc.

C

CIB Bank Ltd. (Formerly Central-European Int.Bank Ltd.)

M

MKB Bank Zrt (Formerly Magyar Kulkereskedelmi Bank Rt.)

B

Budapest Bank Rt.

M

Magnet Bank Zrt.

U

Unicredit Bank Hungary Zrt.

G

Granit Bank Zrt.

R

Raiffeisen Bank Zrt.

E

Erste Bank Hungary Nyrt

T

Takarékbank

K

K&H Bank

Understanding IBAN in Hungary

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

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.

Frequently asked questions

What is the IBAN format for Hungary?

A Hungarian IBAN is exactly 28 characters long — one of the longest in Europe. It starts with HU, 2 check digits, and then the full 24-digit domestic Giro account number, which itself includes a 3-digit bank code, 4-digit branch code, 1 check digit, a 15-digit account number, and a final check digit. Example: HU42 1177 3016 1111 1018 0000 0000.

Why is the Hungarian IBAN 28 characters?

Hungary's IBAN is 28 characters because the domestic Giro account number used for all Hungarian bank accounts is 24 digits long. The IBAN wraps the entire 24-digit domestic number with the HU country code and 2 check digits, resulting in the full 28-character format.

Is Hungary part of SEPA?

Yes. Hungary is an EU member and a full SEPA participant, enabling cheap and fast euro transfers to and from other SEPA countries. Hungary's currency is the forint (HUF), so EUR SEPA transfers may be converted to HUF unless a EUR account is specified.

What bank codes do OTP Bank, K&H Bank, and Erste Bank Hungary use?

The 3-digit bank codes embedded in Hungarian IBANs (positions 5–7) include: 117 for OTP Bank, 103 for K&H Bank (part of KBC Group), 116 for Erste Bank Hungary, and 108 for MKB Bank. The branch code occupies the next 4 digits.

How do I find my IBAN at a Hungarian bank?

Your HU IBAN is displayed in your online banking or mobile app under account details. OTP Bank's OTP SmartBank app, K&H's K&H mobilbank, and Erste Bank's George Hungary platform all show the 28-character IBAN. It also appears on bank statements.

What is Hungary's instant payment system and does it use IBAN?

Yes. Hungary's Azonnali Fizetési Rendszer (AFR), launched in March 2020, enables real-time 24/7 HUF transfers between all Hungarian banks. The AFR uses the full 28-character HU IBAN as the account identifier. All Hungarian banks are required to participate in AFR.

Can I receive HUF from abroad via SEPA?

No. SEPA transfers only process EUR, not HUF. To receive HUF from outside Hungary, the sender must use a SWIFT transfer and specify HUF as the currency. The sender will need your HU IBAN and your bank's SWIFT/BIC code. Be aware that some international services do not offer HUF delivery — in that case, receiving EUR and converting locally may be the only option.

Do I need a BIC code for SEPA EUR transfers to Hungary?

Within SEPA, only the HU IBAN is required for EUR transfers — no BIC is needed. For transfers from outside SEPA (such as from the US or UK), or for HUF transfers, the sender should include your bank's SWIFT/BIC code alongside the IBAN.

How IBAN is used in Hungary

Hungary uses a 28-character IBAN — one of the longest in Europe — reflecting the country's 24-digit domestic Giro account number format. Hungary is a SEPA member, though it retains its own currency, the forint (HUF). The Magyar Nemzeti Bank (MNB) governs payment systems, and IBANs are mandatory for all cross-border transfers. Domestic HUF transfers run through the GIRO clearing system.

A Hungarian IBAN starts with HU, two check digits, and then the 24-digit domestic account number in full. This domestic number embeds a three-digit bank code, four-digit branch code, one check digit, a 15-digit account number, and a final check digit. Major banks include OTP Bank (bank code 117), K&H Bank (103), Erste Bank Hungary (116), and MKB Bank (108).
Because Hungary is in SEPA but outside the eurozone, euro transfers from EU countries are processed cheaply through SCT, but HUF transfers from abroad travel via SWIFT. If you need to receive HUF, the sender must specify HUF as the currency; otherwise many banks will default to EUR and trigger a conversion.
Hungary's Azonnali Fizetési Rendszer (AFR), launched in 2020, enables instant HUF transfers domestically using the IBAN. If you bank with OTP, Raiffeisen Hungary, or any major Hungarian bank, you can receive instant HUF credits 24/7 as long as the sender uses your full 28-character HU IBAN.