Banking

Credit Transfers

Proprietary format	Reference	Code list
pain.001.001.03 ING ISO2022	03	HU_pain001_V03_ING_ISO20022
pain.001.001.03 ISO20022	03	HU_pain001_V03_ISO20022

For Intraday local currency HUF payments, HCT or Hungarian Credit Transfer based on SCT SEPA Credit Transfer standards, is also implemented in Hungary.

Debit Transfers

Adherence to SEPA payment schemes such as Direct Debit is not compulsory for banks, but there are few Hungarian banks that offer this scheme on a voluntary basis. The generic direct debit format (pain.008.001.02) is commonly used.