Giro Code
Hungarian bank accounts use an 8-digit Giro code as part of the 16 or 24-digit account number system. The first 8 digits identify the bank and branch, managed by GIRO Zrt. (the Hungarian interbank clearing house) under the oversight of the Magyar Nemzeti Bank.
At a glance
Country
Hungary
Identifier
GIRO
Format
8 digits
Used for
Domestic transfers
Format breakdown
117
Bank Code
1–3
Institution (e.g. 117 = OTP Bank)
0006
Branch Code
4–7
Branch identifier
1
Check Digit
8
Checksum validation
How GIRO works
The 8-digit prefix consists of a 3-digit bank code, a 4-digit branch code, and a 1-digit check digit. It forms the first block of the Hungarian account number and is embedded in the IBAN. VIBER handles real-time gross settlement.
Where to find yours
The first 8 digits of your Hungarian account number, visible in your banking app, on your bank statement, or embedded in your IBAN.
Payment systems in Hungary
| System | Speed | Description |
|---|---|---|
| AFR (Azonnali Fizetési Rendszer) | Under 5 seconds | Instant payment system for HUF transfers up to HUF 20 million |
| VIBER | Real-time | Hungarian RTGS for high-value interbank settlement |
| ICS (Interbank Clearing System) | Same day | Batch clearing for standard domestic transfers |
Major banks in Hungary
Good to know
Hungarian IBANs are 28 characters: HU + 2 check digits + 8-digit Giro code + 16-digit account number.
The AFR instant payment system supports payments using a secondary identifier like phone number or tax ID.
Key bank codes: 117 = OTP, 116 = Erste, 104 = K&H, 109 = UniCredit.
Related tools
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Frequently asked questions
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