Agrokont Zrt. SWIFT/BIC code

What AGZRHUH1 means for a payment to Agrokont Zrt.

Whether a recipient gives you AGZRHUH1 or AGZRHUH1XXX, it is the identical identifier for Agrokont Zrt. in Hungary. Every bank on the SWIFT network uses BIC codes to route payments between countries to the right bank. It comes up mostly for transfers between countries or a currency.

On this page you can read what the code is put together, when it matters and which other details you need for a transfer to or from Agrokont Zrt.. A SWIFT code identifies an institution, not a single account, which is why you always need the account number too.

Euro transfers to Agrokont Zrt.: is a BIC needed?

Hungary is part of the Single Euro Payments Area (SEPA), the zone for standardised euro payments. When you send euros within SEPA, the IBAN is usually enough and the BIC is often filled in automatically.

For anything other than euros and for senders outside SEPA, AGZRHUH1XXX or AGZRHUH1 remains required. A few banks and apps still ask for the BIC; if so, enter AGZRHUH1.

Euro payments within SEPA usually arrive by the next business day. Charges on SEPA payments are generally low.

Agrokont Zrt.: head office code versus branch codes

Our directory lists 2 SWIFT/BIC codes for Agrokont Zrt.. Besides the head office code AGZRHUH1XXX, there are codes for regional offices and specialised units.

For most incoming transfers, the head office code AGZRHUH1XXX works fine. Only use a branch code when the recipient gives you that exact code, for example on an invoice or in their bank details.

Not sure which code to use? Ask the recipient or the bank itself. Codes can change when banks reorganise, so a code from an old document is not always valid.

Incoming international payments to Agrokont Zrt.

When you are waiting for money from abroad, give the sender a complete set of details. Share the account holder’s name, your account number or IBAN, the BIC AGZRHUH1XXX and your address.

Their bank might also ask for the address of your bank; the head office in Budapest is usually fine. Double-check each detail before you share them, because the sender’s bank usually copies them as is.

An incoming payment does not always arrive in full. Correspondent banks can take a fee, Agrokont Zrt. may charge for incoming payments, and if the currency changes, an exchange rate margin applies. For business payments, it is common to agree how the fees are split, so that nobody is left short.

Is AGZRHUH1 still correct? How to check

The safest source for the BIC is the bank details provided by the recipient. If the code you have does not match AGZRHUH1 or AGZRHUH1XXX, stop and ask: check with the recipient or with Agrokont Zrt. directly.

A wrong SWIFT code may lead to delays, a payment being sent back or extra fees. Do not forget the account number: an error there can be harder to undo than a wrong code.

A validity check by your bank merely tells you that the code is valid, not that it is the right account. Some banks now compare the name with the account. When you pay someone new, many people send a small amount first before sending the rest.

8 or 11 characters: AGZRHUH1 versus AGZRHUH1XXX

A BIC is built from a few fixed parts: characters one to four identify the bank, the next two give the country and the two after that mark the location. In this case, the 8-character core is AGZRHUH1.

Many banks and apps accept either length. If yours requires eleven characters, use AGZRHUH1XXX.

In practice the code is typed in capitals, without spaces or dashes. Copying the code beats retyping it.

Where our SWIFT data comes from

This directory is compiled from publicly available sources and we update it periodically. Banks reorganise, change names and retire codes – a directory can be a step behind. Counts and locations are from our directory and may differ from what Agrokont Zrt. publishes.

Treat the information here as a handy check, and let the details from the recipient or Agrokont Zrt. have the final say. We are an independent comparison service for money transfers and not affiliated with Agrokont Zrt.. Should you notice something that is out of date, we welcome a short note via the contact page.

Paying into Agrokont Zrt. in HUF

The currency in Hungary is the Hungarian Forint (HUF). A payment in a foreign currency will be exchanged into HUF before it reaches the account, and whoever converts it chooses the rate. Every conversion costs the amount – usually through the rate rather than a fee.

Who does the conversion affects the final amount, since every bank sets its own rate. In many cases it is cheaper if you send HUF straight away through a provider that converts near the mid-market rate rather than letting the receiving bank convert.

The rate for HUF changes constantly, so the amount you see is usually only valid for a short time. For recurring payments, small differences in the rate make a real difference over a year.

Sending money abroad from Agrokont Zrt.

The price of a payment abroad has several parts. Besides the transfer fee, banks in between can deduct a fee, and if the money changes currency, the bank usually applies a rate below the real market rate.

Many banks do not list the margin on the rate as a cost. A simple test: put the bank’s rate against the mid-market rate and look at the difference.

For many currency pairs, a transfer service is cheaper than a bank, mainly because of the exchange rate. GoldexPay compares the amount that arrives with different providers. You can always keep your account at Agrokont Zrt., while a cheaper service handles the conversion.

Changed bank details? Be careful

A common scam goes like this: an email arrives with a message claiming that a supplier now has a new bank account and asking you to pay there from now on. A valid SWIFT code says nothing about who owns the account – scammers simply use real codes.

Never trust a phone number in the same message that announces the new account. Pressure or secrecy tend to be warning signs – a real supplier can wait a day. If money has already gone to a fraudster, call your bank right away: the sooner they act, the better the chance of a recall.

Scams can also target the receiver: someone claims to have sent more than agreed and wants you to return the extra via a different route. Do not act before the money is actually in your account – ask Agrokont Zrt. if something looks wrong.

When will the money arrive at Agrokont Zrt.?

There is no fixed answer: some arrive the same day or the next, others take several business days. Transfers sent after the cut-off time or on weekends and holidays usually start a business day later. Occasionally a bank wants to know what the payment is for.

A growing number of banks are connected to SWIFT gpi. Each payment gets a unique reference, the UETR. Specialist transfer services usually show tracking online showing where the payment has got.

If the money does not arrive within the expected time, the person who paid should contact their own bank, not the receiving bank. Request from the sender the payment receipt; that often settles the question quickly.