Hungary

Hungary

Correspondent Banking Services

As of 1 July 2012 the execution of domestic HUF customer credit transfers will be same day, if you make credit transfer electronically (via SWIFT) to an account held at another bank, savings cooperative or credit union (hereinafter collectively referred to as: payment service provider).

The purpose of the document “Frequently Asked Questions and Definitions” is to provide comprehensive information on these changes to Correspondent Banking clients.
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ING Wholesale Banking in Hungary is also active in correspondent banking services with over 60 Loro clients from all over the world. Many of these are amongst the most reputable banks.

In Hungary two clearing systems exist: the GIRO which is a Low Value High Volume next day clearing system and the VIBER which is a High Value Low Volume same day RTGS system.

Whichever you want to use to settle payments denominated in HUF ING Whoelsale Banking in Hungary can provide access to both.

ING Wholesale Banking in Hungary is able to send the following statements and advices:

MT900: real time 
MT910: real time
MT950: latest on VD + 1 until 6:00 a.m. CET, daily irrespective of account movement or only upon account entry
MT942: real time
MT935: real time
MT940: latest on VD + 1 until 6:00 a.m. CET, daily irrespective of account movement or only upon account entry
MT103: real time
MT202: real time

We are ready to send interest statements by mail and e-mail monthly – for that we need the exact mailing address and the attention person, as well as the e-mail address where we should send the interest statement to.

We shall send monthly invoice by mail about the detailed turnover - we also need the exact mailing address and name of the person, as well as the e-mail address where we should send the invoice to.

Please contact Correspondent Banking Team regarding all general matters or questions related to your HUF account maintenance or any services provided by ING Wholesale Bankin in Hungary:

 

ING Bank N.V. Hungary Branch
1068 Budapest, Dózsa György út 84/b.
T +36 1 235 8800
bank.info.hu@ingbank.com