Question 1

What is the SWIFT code for OTP Bank Plc?

Accepted Answer

The SWIFT/BIC code for OTP Bank Plc is OTPVHUHB. This 8-character code identifies the bank in international wire transfers and is registered with SWIFT (Society for Worldwide Interbank Financial Telecommunication).

Question 2

How do I send an international wire transfer to OTP Bank Plc?

Accepted Answer

To send money internationally to OTP Bank Plc, provide your bank with the SWIFT/BIC code OTPVHUHB (BUDAPEST, Hungary) along with the recipient's full IBAN. Your bank will route the transfer via the SWIFT network.

Question 3

Is OTP Bank Plc a SEPA member?

Accepted Answer

Yes, OTP Bank Plc is a SEPA (Single Euro Payments Area) member. Euro transfers within the SEPA zone can be processed as fast, low-cost SEPA Credit Transfers using the recipient's IBAN, with no SWIFT fees required for intra-SEPA payments.

Question 4

What does the BIC code OTPVHUHB mean?

Accepted Answer

In the BIC code OTPVHUHB: "OTPV" is the institution code identifying OTP Bank Plc, "HU" is the ISO 3166-1 country code for Hungary, and "HB" is the location code indicating the bank's city or timezone zone.

OTPVHUHB

Frequently Asked Questions