SWIFT Code OTPJHUHB — OTP MORTGAGEBANK LTD, BUDAPEST

About SWIFT Code OTPJHUHB — OTP MORTGAGEBANK LTD, BUDAPEST

SWIFT code OTPJHUHB is the official 8-character head-office BIC (Bank Identifier Code) for OTP MORTGAGEBANK LTD 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 OTP MORTGAGEBANK LTD 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 OTPJHUHB

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

When to Use SWIFT Code OTPJHUHB

Receiving International Wire Transfers

To receive money from abroad at your OTP MORTGAGEBANK LTD account in BUDAPEST, share SWIFT code OTPJHUHB 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 OTP MORTGAGEBANK LTD, BUDAPEST must provide SWIFT code OTPJHUHB. 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 OTP MORTGAGEBANK LTD in BUDAPEST rely on SWIFT code OTPJHUHB 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 OTP MORTGAGEBANK LTD →

For cheque clearing or NACH mandates, use the MICR code for OTP MORTGAGEBANK LTD →

For TDS challan deposits, find the BSR code for OTP MORTGAGEBANK LTD →

How SWIFT Code OTPJHUHB Routes an International Transfer

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

Common Mistakes When Using SWIFT Code OTPJHUHB

• Spaces or lowercase letters — Always enter OTPJHUHB 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 OTPJHUHB directly with OTP MORTGAGEBANK LTD's BUDAPEST branch or via the SWIFT BIC Directory.