IBAN for Magnet Bank Zrt.

Everything you need to know about Magnet Bank Zrt. IBAN Numbers: what is their structure, where to find and how to use them. Any IBAN or BBAN account numbers we use on this page are provided as examples, and shouldn't be used to process a transfer.

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What is the IBAN code for Magnet Bank Zrt. in Hungary?

IBAN for Magnet Bank Zrt. in Hungary consists of 28 characters:

2 letter country code
2 digit check number
3 characters from the Magnet Bank Zrt.'s bank code
4 digit code for the Magnet Bank Zrt. bank branch
16 digit code for the Magnet Bank Zrt. bank account number
1 digit code for national code

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Magnet Bank Zrt. IBAN example in Hungary	HU42117730161111101800000000
IBAN in print format	HU42 1177 3016 1111 1018 0000 0000
Country code	HU
Check digits	42
Bank code	117
Branch code	7301
Bank account number	6111110180000000
National check digit	0

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How can I find my Magnet Bank Zrt. IBAN number?

Finding the right IBAN number is crucial, but shouldn’t be difficult.

You can either work out your IBAN based on the example above, or find everything you need by logging into Magnet Bank Zrt. online banking, or checking your bank statement.

If you don’t use the right IBAN number, your payment might be returned or sent to the wrong account. Get it right the first time by checking with your bank, or asking the recipient to provide the details you need, if you’re not sure.

Don’t forget, any IBAN or BBAN account numbers we use in this article are given as examples, and shouldn’t be used to process a transfer.

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Sending 1,000.00 SGD with	Recipient gets(Total after fees)	Transfer fee	Exchange rate(1 SGD → HUF)
Cheapest	266,533 HUFSave up to 10,829 HUF	8.67 SGD	268.864
	264,684 HUF- 1,849 HUF	0.00 SGD	264.684
	264,239 HUF- 2,294 HUF	3.99 SGD	265.298
	255,703 HUF- 10,829 HUF	6.79 SGD	257.452

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Do you need an IBAN in Hungary?

Yes. If you’re making – or expecting to receive – an international money transfer to a bank account in Hungary, then just a standard bank account number isn’t enough. If you want your money to arrive quickly and safely, you’ll usually need to give the bank a few extra details, such as an IBAN or SWIFT code.

Banks assign IBANs to each of their accounts to make sure that international transfers are processed correctly.

IBANs contain all of the country, bank, and account details you need to send or receive money internationally. This system is used throughout Europe, and also recognised in some areas of the Middle East, North Africa and the Caribbean.

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