SWIFT Code HEXIHUHB — MAGYAR EXPORT IMPORT BANK ZRT., BUDAPEST

About SWIFT Code HEXIHUHB — MAGYAR EXPORT IMPORT BANK ZRT., BUDAPEST

SWIFT code HEXIHUHB is the official 8-character head-office BIC (Bank Identifier Code) for MAGYAR EXPORT IMPORT BANK 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 MAGYAR EXPORT IMPORT BANK 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 HEXIHUHB

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

When to Use SWIFT Code HEXIHUHB

Receiving International Wire Transfers

To receive money from abroad at your MAGYAR EXPORT IMPORT BANK ZRT. account in BUDAPEST, share SWIFT code HEXIHUHB 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 MAGYAR EXPORT IMPORT BANK ZRT., BUDAPEST must provide SWIFT code HEXIHUHB. 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 MAGYAR EXPORT IMPORT BANK ZRT. in BUDAPEST rely on SWIFT code HEXIHUHB 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 MAGYAR EXPORT IMPORT BANK ZRT. →

For cheque clearing or NACH mandates, use the MICR code for MAGYAR EXPORT IMPORT BANK ZRT. →

For TDS challan deposits, find the BSR code for MAGYAR EXPORT IMPORT BANK ZRT. →

How SWIFT Code HEXIHUHB Routes an International Transfer

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

Common Mistakes When Using SWIFT Code HEXIHUHB

• Spaces or lowercase letters — Always enter HEXIHUHB 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 HEXIHUHB directly with MAGYAR EXPORT IMPORT BANK ZRT.'s BUDAPEST branch or via the SWIFT BIC Directory.