The 30-year-old was received two yellow cards during Bath's Aviva Premiership victory over Exeter last Saturday.
The first yellow was for a technical offence, and the second for misconduct as he interfered with the ball when it was out of play.
Hipkiss had been sin-binned when he stopped Exeter taking a quick lineout throw, prompting referee Wayne Barnes to brandish a second yellow, which meant an automatic red card.
The RFU announced that Hipkiss will be free to play again next Monday after appearing before judicial officer His Honour Judge Jeff Blackett.
The suspension means that Hipkiss will miss Bath's Premiership clash with London Welsh at the Kassam Stadium on Sunday.
Source: Sky Sports
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