Banking

Credit Transfers

Proprietary format	Reference	Code list
MT103 Foreign	01	HU_MT103
MT103 Local	01	HU_MT103
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 debit transfer format (pain.008.001.02) is commonly used.