Key information for MAGNET BANK ZRT.
  • Address ANDRASSY UT , 98
  • Money Transfer Use Wise for cheaper SWIFT payments.

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Detailed information about SWIFT code HBWEHUHB
Address ANDRASSY UT , 98
Postcode 1062
Country Hungary
Connection Active
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HBWEHUHB - SWIFT Code Breakdown

Bank Code
HBWE - code assigned to MAGNET BANK ZRT.
Country Code
HU - code belongs to Hungary
Location & Status
HB - represents location, second digit 'B' means active code
Branch Code
XXX or not assigned, indicating this is a head office

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Andrassy Ut , 98
1062, Hungary

SWIFT Codes for main Hungary banks

  1. Erste Bank Hungary
  2. CIB Bank
  3. Budapest Bank
  4. K&H Bank
  5. OTP Bank
  6. MKB Bank

What is a SWIFT Code?

A SWIFT Code is a standard format of Bank Identifier Code (BIC) used to specify a particular bank or branch. These codes are used when transferring money between banks, particularly for international wire transfers. Banks also use these codes for exchanging messages between them.

SWIFT codes comprise of 8 or 11 characters. All 11 digit codes refer to specific branches, while 8 digit codes (or those ending in 'XXX') refer to the head or primary office. SWIFT codes are formatted as follows:


  • First 4 characters - bank code (only letters)
  • Next 2 characters - ISO 3166-1 alpha-2 country code (only letters)
  • Next 2 characters - location code, passive participant will have "1" in the second character (letters and digits)
  • Last 3 characters - branch code, optional - 'XXX' for primary office (letters and digits)
The registrations of SWIFT codes are handled by Society for Worldwide Interbank Financial Telecommunication (SWIFT) and their headquarters is located in La Hulpe, Belgium. SWIFT is the registered trademark of S.W.I.F.T. SCRL with a registered address at Avenue Adèle 1, B-1310 La Hulpe, Belgium.

The downside of international transfers with your bank

When you send or receive money using your bank, you might lose out on a bad exchange rate and pay hidden fees as a result. That's because the banks still use an old system to exchange money. We recommend you use Wise (formerly TransferWise), which is usually much cheaper. With their smart technology:

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Frequently Asked Questions

What is a SWIFT code?

A SWIFT code is a unique identifier for a bank or financial institution. SWIFT codes are also known as BIC codes, which stands for "Business Identifier Code".

SWIFT codes are used to move money around the world via international bank transfers. For instance, if you want to send money to MAGNET BANK ZRT., you would need the SWIFT code HBWEHUHB, plus the recipient's IBAN number.

Are there other SWIFT codes for MAGNET BANK ZRT.?

Often one financial institution will have several SWIFT codes representing different branches. Always double-check with the recipient before sending money that you have the right SWIFT code, as financial institutions may have several different SWIFT codes that differ by just a few letters or numbers.

How do I save money on international bank transfers?

With Wise, you can save up to 6x on international money transfers. Send money internationally at the real exchange rate with no hidden fees. Over 15 million people use Wise to move money around the world.