SWIFT Code GIBAHUH1CUS — ERSTE BANK HUNGARY ZRT, BUDAPEST

About SWIFT Code GIBAHUH1CUS — ERSTE BANK HUNGARY ZRT, BUDAPEST

SWIFT code GIBAHUH1CUS is the official 11-character branch-specific BIC (Bank Identifier Code) for ERSTE BANK HUNGARY ZRT 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 ERSTE BANK HUNGARY ZRT 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 GIBAHUH1CUS

The code GIBAHUH1CUS follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code GIBAHUH1CUS

Receiving International Wire Transfers

To receive money from abroad at your ERSTE BANK HUNGARY ZRT account in BUDAPEST, share SWIFT code GIBAHUH1CUS 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 ERSTE BANK HUNGARY ZRT, BUDAPEST must provide SWIFT code GIBAHUH1CUS. 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 ERSTE BANK HUNGARY ZRT in BUDAPEST rely on SWIFT code GIBAHUH1CUS 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 ERSTE BANK HUNGARY ZRT →

For cheque clearing or NACH mandates, use the MICR code for ERSTE BANK HUNGARY ZRT →

For TDS challan deposits, find the BSR code for ERSTE BANK HUNGARY ZRT →

How SWIFT Code GIBAHUH1CUS Routes an International Transfer

1. Initiation: The sender provides SWIFT code GIBAHUH1CUS 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 ERSTE BANK HUNGARY ZRT.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: ERSTE BANK HUNGARY ZRT receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code GIBAHUH1CUS

• Spaces or lowercase letters — Always enter GIBAHUH1CUS 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 GIBAHUH1CUS directly with ERSTE BANK HUNGARY ZRT's BUDAPEST branch or via the SWIFT BIC Directory.