SWIFT Code HBIDHUHB — HUNGARIAN DEVELOPMENT BANK PLC, BUDAPEST

About SWIFT Code HBIDHUHB — HUNGARIAN DEVELOPMENT BANK PLC, BUDAPEST

SWIFT code HBIDHUHB is the official 8-character head-office BIC (Bank Identifier Code) for HUNGARIAN DEVELOPMENT BANK PLC 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 HUNGARIAN DEVELOPMENT BANK PLC 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 HBIDHUHB

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

When to Use SWIFT Code HBIDHUHB

Receiving International Wire Transfers

To receive money from abroad at your HUNGARIAN DEVELOPMENT BANK PLC account in BUDAPEST, share SWIFT code HBIDHUHB 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 HUNGARIAN DEVELOPMENT BANK PLC, BUDAPEST must provide SWIFT code HBIDHUHB. 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 HUNGARIAN DEVELOPMENT BANK PLC in BUDAPEST rely on SWIFT code HBIDHUHB 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 HUNGARIAN DEVELOPMENT BANK PLC →

For cheque clearing or NACH mandates, use the MICR code for HUNGARIAN DEVELOPMENT BANK PLC →

For TDS challan deposits, find the BSR code for HUNGARIAN DEVELOPMENT BANK PLC →

How SWIFT Code HBIDHUHB Routes an International Transfer

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

Common Mistakes When Using SWIFT Code HBIDHUHB

• Spaces or lowercase letters — Always enter HBIDHUHB 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 HBIDHUHB directly with HUNGARIAN DEVELOPMENT BANK PLC's BUDAPEST branch or via the SWIFT BIC Directory.