HSBC's US operations use a unique bank code system, with the code IBAN not being widely used. The bank code in the USA is typically a 9-digit routing number.
In Hong Kong, HSBC's bank code is HKD, which is the local currency. The bank code is also used for international transactions.
HSBC's bank code in Hong Kong is used for transactions in the local currency, HKD. The code is also used for transactions with other banks in Hong Kong.
What Is HSBC Bank Code?
HSBC Bank Code is a 3-digit number assigned to the bank, used to identify it when transferring money between banks in Hong Kong. This system is managed by Hong Kong Inter-bank Clearing Limited, a private entity owned by the Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks.
The Clearing House Automated Transfer System (CHATS) ensures real-time gross settlements for the transfer of money between banks in Hong Kong. This means transactions are settled immediately after they are executed, without any waiting period.
You can think of HSBC Bank Code like a unique ID for the bank, used for internal transactions within Hong Kong.
HSBC Bank Code Details
HSBC bank codes are used to identify a specific bank when transferring money between banks in Hong Kong. They are a 3-digit number assigned to a particular bank or financial institution.
A Hong Kong bank code operates under the Clearing House Automated Transfer System (CHATS), which ensures real-time gross settlements for the transfer of money between banks in Hong Kong. This means transactions are settled between banks immediately after they are executed.
HSBC bank codes are managed by Hong Kong Inter-bank Clearing Limited, a private entity that is conjointly owned by the Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks.
HSBC Bank Codes for HSBC Bank USA, N.A. are identified by an 8-11 character SWIFT/BIC code. A SWIFT/BIC code is made up of the following components:
- Bank code: A-Z4 letters representing the bank.
- Country code: A-Z2 letters representing the country the bank is in.
- Location code: 0-9A-Z2 characters made up of letters or numbers.
- Branch Code: 0-9A-Z3 digits specifying a particular branch.
HSBC Bank Code Usage
HSBC Bank uses a SWIFT code, which is an 8-11 character code that identifies the bank's country, city, and branch.
A SWIFT code consists of bank code, country code, location code, and branch code, which help banks process international transfers.
You may need a SWIFT code when sending or receiving money internationally between banks, particularly for international wire transfers or SEPA payments.
Here's a breakdown of the SWIFT code components:
To ensure a smooth international transfer, it's essential to validate your SWIFT code before initiating a money transfer.
When Do You Need Swift?
You need a SWIFT code when sending or receiving money internationally between banks, particularly for international wire transfers or SEPA payments. SWIFT codes help banks process transfers from abroad.
Some examples of main Hong Kong banks that use SWIFT codes include Bank of China (Hong Kong), Citibank, Hang Seng Bank, HSBC, and Standard Chartered Bank.
If you're planning to send or receive money internationally, make sure you have the correct SWIFT code for the recipient's bank to avoid any delays or issues.
Validate a
To validate your HSBC Bank code, check that it's valid before a money transfer.
A valid HSBC Bank code is essential for a smooth transaction.
You can validate your SWIFT code by checking it against a list of valid codes.
The SWIFT code is usually 8 or 11 characters long and consists of a combination of letters and numbers.
HSBC Bank Code in Hong Kong
HSBC has a SWIFT code, which is a standard code used for international money transfers.
You can find the main Hong Kong banks' SWIFT codes, including HSBC, in the list below:
- Bank of China (Hong Kong)
- Citibank
- Hang Seng Bank
- HSBC
- Standard Chartered Bank
Always double-check with the recipient before sending money to ensure you have the right SWIFT code, as financial institutions may have several different codes that differ by just a few letters or numbers.
HSBC's bank code in Hong Kong is a 3-digit number, similar to how sort codes are used in the British and Irish banking systems.
HSBC Bank Code in USA
An HSBC Bank code in the USA is an 8-11 character code that identifies your country, city, bank, and branch.
The code is made up of four parts: the bank code, country code, location code, and branch code.
The bank code is a shortened version of the bank's name, usually represented by four letters.
The country code is two letters that represent the country the bank is in.
The location code is two characters that say where that bank's head office is.
The branch code is three digits that specify a particular branch, with 'XXX' representing the bank's head office.
Here is a breakdown of the HSBC Bank USA, N.A. SWIFT Code Details:
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