SWIFT / BIC
SWIFT/BIC code of Kormend ES Videke Takarekszovetkezet
KOVTHUH1 · Hungary
- BIC, 8 characters
- KOVTHUH1
- BIC, 11 characters
- KOVTHUH1XXX
- Country
- Hungary
- Address
- Rakoczi Kormend 0000 Hungary
Source: ISO 9362 BIC registry, head-office codes only, no branch codes. Check the code with the bank before sending a large transfer.
How KOVTHUH1 is built
| Positions | Length | Meaning |
|---|---|---|
| 1–4 | 4 | KOVT Bank code |
| 5–6 | 2 | HU Country |
| 7–8 | 2 | H1 Location |
| 9–11 | 3 | XXX Branch · XXX or omitted = head office |
Other SWIFT codes in Hungary
How to use KOVTHUH1 for a transfer
Give the sender two things: the BIC KOVTHUH1 (or KOVTHUH1XXX if the form asks for 11 characters) and your account number at Kormend ES Videke Takarekszovetkezet. In Hungary the account number is the IBAN, 28 characters starting with HU. Check both on your bank statement before sending a large amount: a wrong code delays the transfer or sends it back with fees.
The BIC (Business Identifier Code), commonly called SWIFT code, identifies a bank or institution in international payments. It has 8 or 11 characters: 4 letters for the institution, 2 for the country, 2 for the location, and an optional 3 for the branch. XXX, or no branch code at all, means the head office.
Questions
What is the SWIFT code of Kormend ES Videke Takarekszovetkezet?
The SWIFT/BIC code of Kormend ES Videke Takarekszovetkezet is KOVTHUH1. In the 11-character form it is KOVTHUH1XXX, where XXX stands for the head office.
Is KOVTHUH1 a SWIFT code or a BIC?
Both: BIC is the ISO 9362 name of the code, SWIFT the network that assigns it. KOVTHUH1 is the same code under either name.
Do I also need the IBAN to receive money at Kormend ES Videke Takarekszovetkezet?
Hungary uses the IBAN: the account number to give with the BIC is the IBAN, 28 characters long and starting with HU. See the IBAN format of Hungary.
Can I receive international transfers with iSwiss Pay?
Yes. The iSwiss Pay euro, US dollar and pound accounts each come with their own coordinates, including the BIC where applicable, and receive SWIFT and local transfers.
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