Docs

Hungary

Bank account

Service specification

TypeDescription
Direct to Bank methodDirect credit to bank account in EURO (EUR).
Supported beneficiary account type – individual only.
Supported Sender type - Individual only.
Transaction Turnaround Time- Real-time: 24x7 (within 15 minutes).
- If the transactions hit under partner screening, it might take maximum 48 hours to completed (Business hours)
- If the transaction reaches a compliance check on a non-business day, it will be processed on the next working day.
- All transactions are processed via Instant SEPA (real-time), otherwise it will be rerouted to SEPA (T+0) for beneficiary banks that do not support Instant SEPA.
Area availabilityRelated countries offered under SEPA EURO
Validation / Verification· No system validation on account available.
· The account number is using IBAN account number
Amount receivedBeneficiary received net amount as specified by Sender.
Transaction LimitMaximum per Transaction EUR 999,999
Minimum per Transaction EUR 1.00
Compliance accumulated limit EUR 45,000.00 per day per Beneficiary

Transaction will be on hold for compliance review based on the supporting document should the sender or receiver has exceeded the compliance limit.
Maximum BeneficiaryNo restriction
Service ChargeTransaction Fee will be refunded on best effort basis once the Transaction is accepted by the gloRemit® Service System and submitted by the gloRemit® Service System to the Payout Channel.
Cancellation ProcessCancellation is on best effort basis.
Remarks· Beneficiary address including Beneficiary City (bRegencyCode), and Beneficiary Postcode (bPostcode) are Mandatory Fields.
· Beneficiary address (bAddress) must be the full address registered with the beneficiary bank.
. Sender address including Sender City (sCity), and Sender Postcode (sPostcode) are Mandatory Fields.
· Sender and Beneficiary DOB are Mandatory Fields

· Registers of Participants in SEPA payment and payment related schemes | European Payments Council: https://www.europeanpaymentscouncil.eu/what-we-do/be-involved/register-participants/registers-participants-sepa-payment-schemes > (please refer SCT Inst and SCT)

There are list of industries that might lead the transaction screening:
· Pharmacies selling copy products without proper authority approval, incl. e-pharmacies
· Pornography industry (dating pages is as such acceptable)
· Tobacco industry
· Cannabis or other drugs in any form
· Weapons in any forms, including dual-use goods.
· Atomic power
· Extractive industries
· Precious metals and stones
· Companies selling counterfeit or infringed products
· Companies selling, storing or trading in Crypto currencies
· Binary Option Traders
· Pyramid schemes in any form
· Unregulated charities
· File sharing companies
· Shell banks
Do_Transfer bAccType Value1

Supported bank

NoNameIssuer Code
1SEPA HUNGARY PAYOUT360001

Telegraphic Transfer

Service Specification

TypeDescription
Direct to bank method Direct credit to bank accounts in US Dollar (USD) and Hungarian Forint (HUF).
Supported beneficiary account type – Individual & company
Supported sender account type - Individual & company
Transaction turnaround time *T+1 business days for USD transaction processed and credited before 6pm (Mon-Fri) GMT +8.

*T+1 business days for HUF transaction processed and credited before 6pm (Mon-Fri) GMT +8.

Transaction sent on Saturdays, Sundays or public holidays will be processed on next Hungarian business day.

*Processing time may vary based on the beneficiary bank’s cut-off time.
Area availability Related countries offered under SEPA FORINT
Validation / Verification No system validation on account available.
Amount received Beneficiary received net amount as specified by sender.
Transaction limit
Types of limitAmount
Maximum per transactionN/A
Compliance accumulated limit per day per beneficiary (USD)USD 50,000.00
Compliance accumulated limit per day per beneficiary (HUF)HUF 20,000,000.00
Maximum beneficiary No restriction
Service charge The transaction fee will be refunded on a best-effort basis after the transaction is accepted by the gloRemit® and forwarded to the payout channel.
Cancellation process Cancellation is on best-effort basis.
Remarks Beneficiary account currency must be the same with the currency of the transaction (USD or HUF).

Branch code is optional. If included, please enter exactly 3 characters to avoid the transaction being rejected.
Do_Transfer bAccType Value 11

List of Swift Code

NoNameSwift Code
1EUROPA INVESTMENT FUND MANAGEMENTEIFAHUH1
24IG NYILVANOSAN MUKODO RESZVENYTARSNMRZHU22
3ACCESS BEFEKTETESI ALAPKEZELO ZARTKEASBHUH1
4ACCESS INVESTMENT FUND MANAGEMENT CAIFMHUH1
5AEGON HUNGARY INVESTMENT FUND MANAGAHIFHUH1
6AEGON MAGYARORSZAG BEFEKTETESI ALAPUAMCHUH1
7AEGON MAGYARORSZAG BEFEKTETESI ALAPAMBJHUH1
8AGRIBROKER KFT.AGRFHUH1
9AGRIMPEX KFT.AGKFHUH1
10AGROKONT ZARTKORU RESZVENYTZRSASAGAGZRHUH1
11ALLAMADOSSAG KEZELO KOZPONT RT.AKKHHUHB
12AXA MAGYARORORSZAG BEFEKTETESI ALAPAMBLHUH1
13BANK OF CHINA (CENTRAL AND EASTERNBKCHHUHB
14BANK OF CHINA LIMITED HUNGARIAN BRABKCHHUHH
15BINXBBIXHUHH
16BNP DRESDNER ERTEKPAPIR RTBDEKHUH1
17BNP PARIBAS, HUNGARY BRANCHBNPAHUHX
18BUDA-CASH BROKERHAZ ZARTKORUEN MUKOBBZMHUH1
19BUDAPEST ALAPKEZELO ZARTKORUEN MUKOBIMCHUH1
20BUDAPEST ALAPKEZELO ZRT.BUAZHUH1
21BUDAPESTI ERTEKTOZSDE ZARTKOERUEN MXBUDHUH1
22CEE ACTIVE ASSET MANAGEMENT ZRTCCSNHUH1
23CHINA CONSTRUCTION BANK (EUROPE) S.PCBCHUHB
24CIB BANK LTD.CIBHHUHB
25CIB INVESTMENT FUND MANAGEMENT PLCCINNHUH1
26CITIBANK EUROPE PLC HUNGARIAN BRANCCITIHUHX
27CONCORDE ERTEKPAPIR ZARTKORUEN MUKOCOEGHUH1
28CONCORDE INVESTMENT FUND MANAGEMENTCIUAHUH1
29DEUTSCHE BANK AG HUNGARY BRANCHDEUTHU2B
30DIOFA ALAPKEZELO ZRT.DIATHUH1
31DUNAKANYAR TAKAREKSZOVETKEZETDUNAHUH1
32EBROKERHAZ BEFEKTETESI SZOLGALTATOHAMZHUH1
33ELSO FEDEZETKEZELO ZRT.ELFZHUHH
34EQUILOR INVESTMENT LTD.EQIEHUH1
35EQUILOR INVESTMENT LTD.EQITHUH2
36ERSTE ALAPKEZELO ZARTKORUEN MUKODOEIFMHUH1
37ERSTE BANK HUNGARY ZRTGIBAHUHB
38ERSTE BEFEKTETESI ZRT.ERSKHUH1
39FUEZES TAKAREK SZOVETKEZETI HITELINFUVTHUH1
40FUNDAMENTA-LAKASKASSZA LAKASTAKAREKFLTPHUHB
41GENERALI ALAPKEZELO ZRTGEAZHUH1
42GIRO ZRT.GHUNHUHB
43GLENCORE AGRICULTURE HUNGARY KORLATGGHKHUH1
44GRANIT BANK NYRT.GNBAHUHB
45HAJDUDOROG ES VIDEKE TAKAREKSZOEVETHAVTHUH1
46HOLD ALAPFORGALMAZO ZARTKORUEN MUKOALZRHUH1
47HUNFEDEZETKEZELO ZARTKORUEN MUKODOHZMNHUHH
48HUNGARIAN BRANCH OF ING BANK NVIIFMHUH1
49HUNGARIAN DEVELOPMENT BANK PLCHBIDHUHB
50HUNGARIAN STATE TREASURYHUSTHUHB
51HUNGAROGRAIN SZOLGALTATO ZARTKORUENHUZRHUH1
52IKR-BROKER TOZSDEUGYNOKI ZARTKORUENIKTKHUH1
53ING BANK N.V. HUNGARY BRANCHINGBHUHB
54ING BARING ERTEKPAPIR RTIBARHUH1
55INTERNATIONAL INVESTMENT BANKIIBMHU22
56K AND H BANK ZRT.(FORMERLY KERESKEDOKHBHUHB
57K AND H EQUITIES TANACSADO ZARTKOERAAHTHUH1
58K AND H PANNONLIZING PENZUGYI SZOLGSIFNHUH1
59KBC SECURITIES N.V. HUNGARIAN BRANCKBSEHUH1
60KDB BANK EUROPE LTDKODBHUHB
61KELER CCP LTDKSZFHUHB
62KELER KOZPONTI ERTEKTAR ZARTKORUENKELRHUHB
63KELER KOZPONTI ERTEKTAR ZARTKORUENKELRHUHA
64KELER LTD.KELEHUH1
65KORMEND ES VIDEKE TAKAREKSZOVETKEZEKOVTHUH1
66MAG ALAPKEZELO ZARTKORUEN MUKODO REMIFNHUH1
67MAGNET BANK ZRT.HBWEHUHB
68MAGYAR COFIDIS BANK ZRT.MCBHHUHB
69MAGYAR EXPORT IMPORT BANK ZRT.HEXIHUHB
70MAGYAR NEMZETI BANKMANEHUHH
71MAGYAR NEMZETI BANKMANEHUHB
72MAGYAR POSTA ZRTHUPOHUHB
73MBH BANK NYRT.BUDAHUHB
74MBH DUNA BANK ZRT.DTBAHUHB
75MECSEKKORNYEK HITELSZOVETKEZETMEHIHUH1
76MECSEKVIDEKE TAKAREKSZOEVETKEZET MEMEVIHUH1
77MERKANTIL VALTO ES VAGYONBEFEKTETOMRKBHUHB
78MERLITO ZRT.MRZRHUH1
79MKB BANK ZRTMKKBHUHB
80MOL HUNGARIAN OIL AND GAS PLCMOLHHUHB
81MOL HUNGARIAN OIL AND GAS PLCMOLHHUHN
82MTB MAGYAR TAKAREKSZOVETKEZETI BANKTAKBHUHB
83NOMURA FINANCE LTD.NOMSHUH1
84O.F.SZ. ORSZAGOS FIZETESI SZOLGALTAOFSZHUHB
85OBERBANK AGOBKLHUHB