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Hungary IBAN Number

Find the IBAN number for any bank within Hungary

IBAN Calculator

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Steps to validate an IBAN

There are two different validations that can be performed to ensure an UK IBAN is correct.

  • 01
    First validation is done using the IBAN's Check Digits using the MOD97 algorithm.
  • 02
    Second layer of validation can be carried out on the domestic sort code and account number combination
  • 03
    Match the sort code against our Bank and Branch code directory to check if it exists

Found the correct IBAN, What to do next

With a Hungarian IBAN verified, complete these checks before transferring.

  • 01
    Confirm the registered beneficiary name with the Hungarian bank.
  • 02
    For SEPA EUR transfers, the IBAN is enough. For inbound non-SEPA payments or HUF transfers from outside Hungary, pair the IBAN with the bank's SWIFT/BIC.
  • 03
    Choose the rail. HUF transfers domestically route through AFR (Hungary's instant payment system) and settle in under 5 seconds 24/7 up to HUF 20 million. For EUR transfers, SEPA and SCT Inst apply.
  • 04
    Confirm the account currency. Most Hungarian accounts hold HUF, but many businesses also hold EUR.
  • 05
    Send a small test value for first-time corporate beneficiaries.

Common transfer mistakes to avoid for Hungary

Exact beneficiary name

Must match bank records exactly to avoid rejection or delays

Correct SWIFT/BIC code

Ensures the payment routes to the right bank.

Currency match

Sending the wrong currency can trigger extra fees or failed transfers.

Active account details

Outdated or inactive accounts can result in returned payments.

IBAN Rules in Hungary

  • 01
    IBAN is mandatory in Hungary for SEPA payments and is increasingly used for domestic HUF transfers. The legacy 2x8 or 3x8 GIRO account format (for example 12345678-12345678) is mapped into the IBAN BBAN.
  • 02
    The 28-character Hungarian IBAN begins with HU, two check digits, a 3-digit bank code, a 4-digit branch code, a 1-digit check, a 15-digit account number, and a 1-digit national check.
  • 03
    Hungary is in the EU and SEPA but not in the eurozone, so the forint (HUF) is the domestic currency. Domestic HUF instant transfers go through AFR. SEPA covers EUR transactions only. The same IBAN works for both EUR via SEPA and HUF via AFR, so it is the safest single identifier to share with a foreign counterparty.

Hungary Payment Schemes

Hungary runs one of Europe's most successful instant payment systems, AFR, alongside legacy retail and RTGS rails.

  • 01
    AFR / HCT Inst (Azonnali Fizetesi Rendszer), GIRO Zrt under MNB mandate, instant HUF payments 24/7 in under 5 seconds, up to HUF 20 million per transaction.
  • 02
    BKR (Bankkozi Kliring Rendszer), GIRO Zrt, bulk interbank clearing for HUF.
  • 03
    VIBER (Valos Idejű Brutto Elszamolasi Rendszer), Magyar Nemzeti Bank (MNB), RTGS for high-value HUF.
  • 04
    SEPA Credit Transfer (SCT) and SEPA Instant Credit Transfer (SCT Inst), for EUR transactions.
  • 05
    TARGET2 / T2, accessible via MNB as a non-euro participant.
  • 06
    Visa and Mastercard card schemes.

Search IBAN for top banks in Hungary

An accurate IBAN is step one. A smarter transfer is step two.

Xflow lets you make international payments directly, quickly, affordably, and without hidden fees.

20,000+ Customers Trust Us For Their International Payments

Do you also require also require SWIFT?

Many transfers require both IBAN + SWIFT, check out our swift calculator

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Disclaimer

This tool is provided for informational purposes only. Xflow does not guarantee the accuracy or completeness of results. Always verify account details directly with your bank or beneficiary before initiating any transfer. Xflow is not liable for any losses arising from incorrect IBAN usage.

Last Reviewed: 26/05/2026

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