
Cathay Bank's Swift code is CATHUS44. This unique code helps facilitate international transactions.
To make an international payment with Cathay Bank, you'll need to provide the recipient's bank account information, including their bank's Swift code, account number, and branch code.
Cathay Bank supports various international payment methods, including wire transfers and online banking.
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What is Cathay Bank's Swift Code?
Cathay Bank's SWIFT code is CATHUS6L, which is used for international money transfers to identify the bank and its branch.
This code is also known as a BIC (Bank Identifier Code), but they're essentially the same thing. Cathay Bank uses it to facilitate international transactions.
The SWIFT code identifies important information about the recipient's account, including the country, bank, and branch.
Cathay Bank Swift Code Details
The Cathay Bank Swift code is CATHHKHH, which can be found in the Main Branch Branch of the bank.
This code is an eight-digit code, broken down into four parts: the bank code (CATH), country ISO code (HK), location code (HH), and the primary office identifier.
For another approach, see: Dbs Bank Code and Branch Code
The first four digits (CATH) represent the bank, specifically Cathay Bank.
The next two digits (HK) indicate the country ISO code, which in this case is Hong Kong.
The two digits after that (HH) represent the location code, used to identify a specific bank location.
You can find the Cathay Bank Swift code in various online resources, including the bank's official website and online banking platforms.
Here's a breakdown of the Cathay Bank Swift code:
The Cathay Bank Swift code is used for international fund transfers, and it's essential to use the correct code to ensure a smooth and secure transaction.
Swift Code Validation and Correspondents
To ensure your money transfer goes smoothly, it's essential to validate your SWIFT code before sending. You can check your SWIFT code is valid, and it's always a good idea to double-check with the recipient to ensure you have the right one.
Cathay Bank may have several SWIFT codes representing different branches, so it's crucial to get it right. With Wise, you can save up to 6x on international money transfers by sending money internationally at the real exchange rate with no hidden fees.
If you're sending money to Cathay Bank, you can also find a list of correspondent banks in their Standard Settlement Instructions (SSI). This contains the list of correspondent banks for each currency, which can be helpful in understanding the transfer process.
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Validate a Heading
To validate a SWIFT code, you need to check if it's valid before a money transfer. This ensures a smooth transaction.
A valid SWIFT code should be 8 or 11 characters long, consisting of a combination of letters and numbers.
The first 4 characters represent the bank code, while the next 2 characters represent the country code. The remaining characters are used for the location code and branch code.
Are Other Codes Exists?
Yes, other SWIFT codes can exist for the same financial institution, representing different branches.
Financial institutions may have multiple SWIFT codes that differ by just a few letters or numbers.
Always double-check with the recipient before sending money that you have the right SWIFT code.
Over 15 million people use Wise to move money around the world.
Correspondent Banks
Correspondent banks play a crucial role in facilitating international transactions. They act as intermediaries between the sender's bank and the recipient's bank, ensuring that the funds are transferred correctly.
Standard Settlement Instructions (SSI) typically contain a list of correspondent banks for each currency. This list is essential for accurate and efficient transactions.
Correspondent banks are responsible for settling transactions and managing the relationships between banks. They help to reduce the risk of errors and delays in the transfer process.
CATHAY BANK has a list of correspondent banks for each currency, which can be found in their Standard Settlement Instructions (SSI).
Frequently Asked Questions
Is SWIFT code same for all branches?
SWIFT codes can be the same for all branches or unique to each branch, depending on the bank. Typically, you can use the bank's head office SWIFT code as a safe alternative.
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