A SWIFT code, also known as a BIC (Bank Identifier Code), is a unique identification code used to identify a specific bank or financial institution in international transactions. It helps in securely transferring money between banks, ensuring that the funds reach the correct destination. These codes are crucial for ensuring the accurate routing of funds during international transfers between banks.
The SWIFT code HSBCHKHHHKH refers to HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, THE, which is a financial institution based in Hong Kong. It is the unique identification code assigned to this specific bank and is used for international transactions, facilitating secure communication between financial institutions when transferring money globally.
The code HSBCHKHH identifies the primary SWIFT of HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, THE, and the "HKH" at the end typically represents the specific branch or location of the bank or institution to which it's assigned. SWIFT codes are essential in wire transfers, ensuring that funds are accurately directed to the correct recipient's bank and branch.
HSBCHKHHHKH SWIFT CODE DETAILS - HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, THE | |
SWIFT CODE | HSBCHKHHHKH |
---|---|
SWIFT CODE (8 characters) | HSBCHKHH |
BANK NAME | HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, THE |
BANK BRANCH | (ALL HK OFFICES AND HEAD OFFICE) |
BRANCH CODE | HKH |
COUNTRY | HONG KONG (HK) |
CITY | HONG KONG |
ADDRESS | 1 QUEEN'S ROAD |
ZIP / POSTAL CODE | - |
CHIPS UID | 075995 |
CLEARING CODE | 004 |
CODE STATUS | Check |
MONEY TRANSFER | Save on international fees by using Wise, which is up to 8x cheaper than SWIFT transfers. |
A SWIFT code (BIC) is an 8-11 character code that identifies your country, city, bank, and branch and is structured as follows:
Where an 8-digit code is given, it may be assumed that it refers to the primary office.
SWIFT Standards, a division of The Society for Worldwide Interbank Financial Telecommunication (SWIFT), handles the registration of these codes. Because SWIFT originally introduced what was later standardized as Business Identifier Codes (BICs), they are still often called SWIFT addresses or codes.
A SWIFT code is a set of 8 or 11 digits that uniquely identify a bank branch. You'll need to use one when sending money internationally.
If you want to send money to HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, THE, registered at 1 QUEEN'S ROAD in HONG KONG, HONG KONG you will need the HSBCHKHHXXX SWIFT code.
BIC code is just a different name for SWIFT code.
Both represent a sequence of either 8 or 11 digits which include a bank code, a country code, a location code, and a branch code — all of which are combined to identify an individual bank branch.
Not all bank branches have a SWIFT code. When you can't find the code for your specific branch, you can use the bank’s primary office swift.
When you send money internationally, you need a SWIFT / BIC code. Without it, your bank can't identify the exact bank where the money needs to be sent.
CHIPS UID stands for Clearing House Interbank Payments System Universal Identifier.
It's a clearinghouse database system, which facilitates the transfer of funds from both individual consumers and institutions quickly and accurately.
In Hong Kong, a clearing code is a unique numerical code that identifies a specific bank for local interbank fund transfers. It is also known as a "bank code" or "branch code". Hong Kong clearing codes are used by banks in Hong Kong to facilitate the transfer of funds between accounts held at different banks. Each bank and its branches are assigned a unique clearing code by the Hong Kong Monetary Authority (HKMA). The clearing code is an essential component of the local payment system in Hong Kong.In Hong Kong, a clearing code is a unique numerical code that identifies a specific bank for local interbank fund transfers. It is also known as a "bank code" or "branch code". Hong Kong clearing codes are used by banks in Hong Kong to facilitate the transfer of funds between accounts held at different banks. Each bank and its branches are assigned a unique clearing code by the Hong Kong Monetary Authority (HKMA). The clearing code is an essential component of the local payment system in Hong Kong.
Disclaimer
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If you’re not sure about any of the swift code details you’re using, get in touch with the bank or financial institution in question. They should be able to give you the right information.