SWIFT Code COEGHUH1 — CONCORDE ERTEKPAPIR UGYNOKSEG RT, BUDAPEST

About SWIFT Code COEGHUH1 — CONCORDE ERTEKPAPIR UGYNOKSEG RT, BUDAPEST

SWIFT code COEGHUH1 is the official 8-character head-office BIC (Bank Identifier Code) for CONCORDE ERTEKPAPIR UGYNOKSEG RT in BUDAPEST, Hungary. Standardised under ISO 9362 and maintained by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), this code is used exclusively for cross-border wire transfers and is recognised by financial institutions in over 200 countries.

This code must be provided to the sender when receiving money from abroad, and is required by CONCORDE ERTEKPAPIR UGYNOKSEG RT for all outward international remittances from BUDAPEST. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code COEGHUH1

The code COEGHUH1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code COEGHUH1

Receiving International Wire Transfers

To receive money from abroad at your CONCORDE ERTEKPAPIR UGYNOKSEG RT account in BUDAPEST, share SWIFT code COEGHUH1 with the sender along with your full account number, your name as on the account, and the branch address.

NRI Remittances

Non-Resident Indians sending money to NRO/NRE accounts at CONCORDE ERTEKPAPIR UGYNOKSEG RT, BUDAPEST must provide SWIFT code COEGHUH1. Major remittance platforms — including Wise, Remitly, Western Union, and MoneyGram — use this code to route transfers accurately.

Trade Finance and Foreign Payments

Importers and exporters using CONCORDE ERTEKPAPIR UGYNOKSEG RT in BUDAPEST rely on SWIFT code COEGHUH1 for letters of credit, bank guarantees, and foreign currency settlements.

SWIFT Code vs IFSC vs MICR vs BSR — Key Differences

Need the IFSC code for domestic NEFT, RTGS, or UPI transfers? View the IFSC code for CONCORDE ERTEKPAPIR UGYNOKSEG RT →

For cheque clearing or NACH mandates, use the MICR code for CONCORDE ERTEKPAPIR UGYNOKSEG RT →

For TDS challan deposits, find the BSR code for CONCORDE ERTEKPAPIR UGYNOKSEG RT →

How SWIFT Code COEGHUH1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code COEGHUH1 and account number to their bank.
2. Validation: The sending bank validates the BIC against the SWIFT registry.
3. Routing: An MT103 SWIFT message is transmitted through the network to CONCORDE ERTEKPAPIR UGYNOKSEG RT.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: CONCORDE ERTEKPAPIR UGYNOKSEG RT receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code COEGHUH1

• Spaces or lowercase letters — Always enter COEGHUH1 uppercase with no spaces.
• Using the wrong city — This code is for BUDAPEST only.
• Truncating to 8 characters — When 11 characters are required, always use the full code.
• Using SWIFT for domestic transfers — Use the IFSC code for any transfer within Hungary.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm COEGHUH1 directly with CONCORDE ERTEKPAPIR UGYNOKSEG RT's BUDAPEST branch or via the SWIFT BIC Directory.