Question 1

What is the SWIFT code for MagNet Magyar Közösségi Bank Zrt.?

Accepted Answer

The SWIFT/BIC code for MagNet Magyar Közösségi Bank Zrt. is HBWEHUHB. This 8-character code identifies the bank in international wire transfers and is registered with SWIFT (Society for Worldwide Interbank Financial Telecommunication).

Question 2

How do I send an international wire transfer to MagNet Magyar Közösségi Bank Zrt.?

Accepted Answer

To send money internationally to MagNet Magyar Közösségi Bank Zrt., provide your bank with the SWIFT/BIC code HBWEHUHB (BUDAPEST, Hungary) along with the recipient's full IBAN. Your bank will route the transfer via the SWIFT network.

Question 3

Is MagNet Magyar Közösségi Bank Zrt. a SEPA member?

Accepted Answer

Yes, MagNet Magyar Közösségi Bank Zrt. is a SEPA (Single Euro Payments Area) member. Euro transfers within the SEPA zone can be processed as fast, low-cost SEPA Credit Transfers using the recipient's IBAN, with no SWIFT fees required for intra-SEPA payments.

Question 4

What does the BIC code HBWEHUHB mean?

Accepted Answer

In the BIC code HBWEHUHB: "HBWE" is the institution code identifying MagNet Magyar Közösségi Bank Zrt., "HU" is the ISO 3166-1 country code for Hungary, and "HB" is the location code indicating the bank's city or timezone zone.

HBWEHUHB

Frequently Asked Questions