Citibank Europe PLC Hungarian Branch SWIFT/BIC code

Citibank Europe PLC Hungarian Branch SWIFT code: CITIHUHX

The 8-character code CITIHUHX and the full code CITIHUHXXXX refer to one and the same institution: Citibank Europe PLC Hungarian Branch. Every bank on the SWIFT network uses BIC codes to direct international transfers to the right institution. In practice you mostly come across it on international invoices, in your banking app and in the bank details of Citibank Europe PLC Hungarian Branch customers.

Below you will find the practical side: receiving money at Citibank Europe PLC Hungarian Branch, paying someone in another country and how to verify the code before you hit send. The SWIFT code alone cannot identify a personal account; for that you need the IBAN or account number .

Euro transfers to Citibank Europe PLC Hungarian Branch: is a BIC needed?

Within the SEPA zone, euro payments to an account in Hungary follow common rules. A field for the BIC is usually optional or missing in that case.

Outside the euro and from non-SEPA countries, CITIHUHXXXX is still part of the payment details. A few banks and apps still ask for the BIC; if so, enter CITIHUHX.

Instant payments in euros have become widely available across SEPA – whether Citibank Europe PLC Hungarian Branch offers them for your account is worth checking. Fees for SEPA transfers tend to be low, as long as no currency conversion is involved.

Paying someone abroad from your Citibank Europe PLC Hungarian Branch account

When you transfer money to another country through Citibank Europe PLC Hungarian Branch, the visible fee is only part of what you pay. Besides a fixed fee, correspondent or intermediary banks may take a cut, and if the money changes currency, the bank often applies a rate below the real market rate.

The markup on the rate is often the largest cost, and it is easy to miss. An easy check: put the bank’s rate against the mid-market rate for the same moment and look at the difference.

Specialised transfer providers often use a rate near the mid-market rate with clearer fees. Before your next transfer, it is worth comparing the total cost on GoldexPay instead of going straight to your bank. You can always use your account at Citibank Europe PLC Hungarian Branch to fund the transfer; only the conversion and sending happen elsewhere.

Transfer times and tracking a payment to Citibank Europe PLC Hungarian Branch

There is no single answer: some land the same day or the next, others take several business days. Payments made after the cut-off time or just before a weekend or public holiday often start a business day later. Occasionally a bank wants to know what the payment is for before releasing it.

Many banks are connected to SWIFT gpi for faster and traceable payments. Each gpi transfer carries a unique transaction reference, the UETR, which your bank can use to see where the money is. Money transfer services often show tracking online so you can see how far the money has got.

If the money does not arrive within the expected time, the sender should start with their own bank. On the receiving end, you can check your account for a partial amount because fees can reduce the amount.

Scams that use SWIFT codes

Fraudsters regularly send payment requests containing new bank details sent from what looks like a familiar address. The fact that CITIHUHX exists is no guarantee that a request mentioning it is genuine – fraudsters use real bank codes as well.

Check changed payment details via a separate channel like a call to a number from an earlier contract. Be suspicious of time pressure, unusual wording or an email address that differs by one letter. Acted too fast? Call the bank you paid from straight away and have them try to recall the payment; also report it to the police.

Fraud can also target the receiver: someone sends too much and asks you to return the extra via a different route. A screenshot of a transfer is no proof – check your own account.

A note on our data

The directory on GoldexPay is based on publicly available sources and is updated regularly. Still, banks merge or change codes, so information can be out of date. Counts and locations come from our own dataset.

Treat the information here as a helpful check, and let the details from the recipient or Citibank Europe PLC Hungarian Branch have the final say. GoldexPay is an independent comparison service and not affiliated with Citibank Europe PLC Hungarian Branch. Should you notice a mistake, we welcome a message.

Verifying the SWIFT code of Citibank Europe PLC Hungarian Branch

Ask the recipient to send you their account details straight from their online banking. Check that code against CITIHUHX here; if they differ, ask before you pay.

An incorrect BIC can cause a delay, a returned payment or additional charges for investigation. A mistake in the account number is more serious; check it just as carefully.

Most online banking apps validate the format of an IBAN and some suggest the matching BIC. Some banks now compare the name against the account – do not ignore a mismatch warning. For a first payment, some people send a small amount first.

Citibank Europe PLC Hungarian Branch: head office code versus branch codes

Our database contains 3 SWIFT/BIC codes for Citibank Europe PLC Hungarian Branch, spread over 1 cities. Besides the head office code CITIHUHXXXX, you will find codes for regional offices and specialised units.

For most payments to a private or business account, the head office code CITIHUHXXXX is what you need. Branch codes are only needed if the recipient’s bank explicitly asks for it, which is more common for business accounts and specialised services.

If you are not sure, ask the person you are paying which code their bank gave them. Codes are sometimes changed or retired when banks reorganise.

CITIHUHX or CITIHUHXXXX – which one to use?

A BIC is made up of a few fixed parts: the first four letters stand for the bank, characters five and six show the country and the two after that mark the location. The result is CITIHUHX, the short form of the code.

XXX at the end of CITIHUHXXXX does not stand for a placeholder or an error: it indicates the main office of Citibank Europe PLC Hungarian Branch. Some banking apps insist on 11 characters, and then you simply enter XXX behind CITIHUHX.

Enter the code in one piece, in capitals and without spaces, exactly as shown here. A wrong character can send a payment to another bank, so check it twice.

What to give a sender who pays you at Citibank Europe PLC Hungarian Branch

If you expect money from abroad, send the payer a complete set of details. What they need is: the account holder’s name, IBAN or account number, CITIHUHXXXX and often your home address.

You can add Citibank Europe PLC Hungarian Branch and Budapest as well, since some forms ask for it. A mistake in the IBAN is more trouble than you might think; copy them from your banking app rather than typing.

What lands in your account is often lower than what was sent. Charges on incoming payments vary per bank. On invoices, it is common to state how the fees are split to avoid a shortfall.

The Hungarian Forint and what conversion costs you

Most accounts at Citibank Europe PLC Hungarian Branch are usually held in HUF, the local currency of Hungary. A payment in a foreign currency is converted into HUF – and the bank that does it picks the rate. Each conversion costs something – usually through the rate rather than a fee.

Where the conversion happens has an effect on how much arrives, since every bank sets its own rate. Sending the money already in HUF usually prevents an extra conversion.

The HUF rate changes throughout the day, so the amount you see is usually only valid for a short time. On larger amounts, even seemingly small difference in the rate adds up quickly.