Giro Zrt. SWIFT/BIC code

GHUNHUHB – the SWIFT/BIC code of Giro Zrt.

GHUNHUHB and GHUNHUHBXXX are the short and the long form of the same bank identifier, and both point to Giro Zrt. in Budapest. The code has a single purpose: it makes sure that money from abroad reaches the right bank. In practice you mostly see the code on invoices from abroad, in payment forms and on the account details that Giro Zrt. provides.

This page is meant to help people who sends money to an account at Giro Zrt. without mistakes. The SWIFT code on its own does not identify a personal account; for that you need the account number or IBAN is for.

Giro Zrt.: head office code versus branch codes

Our directory lists 2 SWIFT/BIC codes for Giro Zrt.. Besides the head office code GHUNHUHBXXX, there are codes for individual branches and departments.

Unless the recipient tells you otherwise, go with GHUNHUHBXXX or its short form GHUNHUHB. A branch code only makes sense if the recipient’s bank explicitly mentions it, which is more common for corporate accounts and trade services.

When in doubt, ask the person you are paying which code their bank gave them. Branch codes are sometimes changed or retired over time.

SEPA payments and the Giro Zrt. BIC

Hungary is a member of the SEPA area, the zone for uniform euro payments. When you send euros within SEPA, the IBAN is usually enough.

You still need GHUNHUHBXXX when sending non-euro payments or transfers from countries outside SEPA. If your banking app has a field for the BIC regardless, adding GHUNHUHB does no harm.

Instant euro transfers are increasingly available within SEPA. As long as the payment stays in euros, the transfer tends to be cheap; it is the conversion that costs money.

Transfer times and tracking a payment to Giro Zrt.

There is no single answer for international payments: many land the same day or the next while others need several business days. Payments made after the cut-off time or on a weekend or public holiday usually start a business day later. Extra checks by one of the banks may also add a delay, regardless of the details.

If a transfer seems late, contact your bank about the tracking status or the UETR. Keep your transfer receipt until the money has arrived; it contains the details a bank needs to start a trace.

If the money does not arrive within the expected time, the person who paid should start with their own bank, not the receiving bank. Ask the sender for a copy of the payment confirmation; that often settles the question quickly.

How up to date is this code?

The details here are taken from publicly available data. Even so, banks merge, rename themselves or change codes. The figures on this page are based on what is in our directory, not official figures from Giro Zrt..

Treat the information here as a helpful check, and let the details from the recipient or Giro Zrt. have the final say. We are a comparison site and not affiliated with Giro Zrt.. Spotted outdated information? Let us know via our contact form.

Hungarian Forint (HUF) and conversion costs

Hungary pays in the Hungarian Forint, with the currency code HUF. When you pay money in a different currency, the amount gets converted at some point: by your bank, an intermediary or Giro Zrt. itself. You rarely see a separate charge for the conversion; it is built into the rate.

Where the conversion happens affects how much arrives, as rates and margins differ per bank. Check what HUF arrives via different services.

The rate for HUF changes throughout the day. If you pay regularly, a slightly better rate make a real difference over a year.

Protect yourself against fake payment requests

Stay wary if a contact unexpectedly asks you to send money to another account or a bank in another country. That GHUNHUHB is a real code is no guarantee that a request mentioning it is legitimate – fraudsters use real bank codes as well.

Before paying, verify changed bank details through a phone call, using a number you already had. Be suspicious of time pressure, unusual wording or a sender address that is slightly off. If money has already gone to a fraudster, call your bank right away – speed improves the chance of getting it back.

People receiving money can be targeted as well: a classic trick is a buyer who pays too much and then sends a request to send back the difference to another account. A screenshot of a transfer is no proof – check your own account.

Verifying the SWIFT code of Giro Zrt.

The most reliable source for the BIC is the bank details provided by the recipient – an invoice, a statement or a screenshot from online banking. Compare that code with GHUNHUHB here.

A wrong SWIFT code may lead to a delay, a payment being sent back or additional charges for investigation. A mistake in the IBAN or account number is more serious, because the money may be credited to someone else.

An automatic check by your bank only confirms that the code is valid, not that it is the right account. More and more banks check the name with the account – do not ignore a mismatch warning. When you pay someone new, some people start with a small amount first before sending the rest.

Getting paid from abroad into a Giro Zrt. account

A sender in another country will ask for several details about your account. What they need is: your name, IBAN or account number, GHUNHUHBXXX or GHUNHUHB and in many cases your postal address.

Certain sending banks want the name and address of Giro Zrt. in Budapest, so keep it at hand. A typo in your account number is more trouble than it looks.

The amount you receive is often less than the amount sent. Charges on incoming payments differ per bank; check the price list of Giro Zrt.. On invoices, you can state how the fees are split.

International transfers from Giro Zrt.: the real cost

A bank transfer abroad costs more than the listed fee. Besides the transfer fee, banks in between can deduct a fee, and when the money changes currency the bank usually applies a rate below the real market rate.

The markup on the rate tends to be the largest cost even though it is not listed as a fee. Check their rate with the mid-market rate, the midpoint between buy and sell rates you see on financial sites. The difference is your real conversion cost.

Money transfer services frequently use rates closer to the mid-market rate with clearer fees. On GoldexPay we compare what recipients receive across providers. Choosing a specialist does not mean leaving Giro Zrt. – you pay the provider from your own account.

Why Giro Zrt. has an 8- and an 11-character code

The layout of every SWIFT code never changes: four characters for the institution, two for the country and a two-character location code. For Giro Zrt., the 8-character core is GHUNHUHB.

XXX at the end of GHUNHUHBXXX is not a missing value or a mistake: it indicates the head office of Giro Zrt.. Certain payment forms ask for 11 characters, and then you can enter XXX after GHUNHUHB.

As a rule the code is typed in capitals, without spaces or dashes. Watch for O versus 0 or I versus 1, a common source of typos.