HSBC (Hong Kong) Wire Transfer

Wire transfer is the fastest mode of receiving money in your HSBC (Hong Kong) account from abroad. You can receive money into your HSBC (Hong Kong) account from a foreign country via International wire transfer. The transaction is initiated by the sender through a financial institution, however, you need to provide your banking details to the sender for successful transfer of money.

International Wire Transfer to HSBC (Hong Kong)

International wire transfer is one of the fastest way to receive money from foreign countries. Banks use SWIFT network for exchanging messages required for performing international wire transfer. Usually, the receiving bank (in Hong Kong) and the sending bank (in other country) need to have a direct arrangement in place to start the swift transfer – this is sometimes referred to as correspondent banking.

Incoming International Wire Transfer Instructions

To receive international wire transfer in your HSBC (Hong Kong) account, please provide the following wire instructions to the sending financial institution:

Bank Name:HSBC (Hong Kong)
SWIFT BIC Code for HSBC (Hong Kong):For HSBC (Hong Kong), this code is HSBCHKHHHKH
Beneficiary Account Number:Your complete HSBC (Hong Kong) account number (including leading zeros, if any)
Beneficiary Name:The full name of your account as it appears on your statement
Beneficiary Address:Your complete address

Note of Caution on Fees: If your money transfer involves currency conversion, there is a high chance you will get a poor exchange rate from the banks and as a result pay high hidden fees.

Outgoing International Wire Transfer Instructions

To send international wire transfer from your HSBC (Hong Kong) account, You need to know the following information about the person or company receiving the money:

1. The recipient’s account name and address
2. The recipient’s IBAN or account number
3. The name and address of recipient’s bank – including the BIC (Business Identifier Code) / SWIFT code / clearing code

Incoming Wire Transfer Fees for HSBC (Hong Kong)

International Incoming Wire Transfer Fees for HSBC (Hong Kong) is as follows:

Payment typeCost
Inward Telegraphic TransferWaived

Outgoing Wire Transfer Fees for HSBC (Hong Kong)

International Outgoing Wire Transfer Fees for HSBC (Hong Kong) is as follows:

Payment typeCost
Outward Telegraphic TransferWaived

Apart from the wire transfer fees, if the transfer involves currency conversion, banks make money on currency conversion as well by giving retail conversion rates to you which is usually 1-2% lower than the market rate. We recommend using services like TransferWise for getting best conversion rates with lower wire transfer fees.

Wire Transfer Cutoff Time for HSBC (Hong Kong)

1. The Cut-off Times for HSBC (Hong Kong) for Overseas Money Transfer is 9 am to 5:55 pm from Monday to Friday and 9 am to 11:55 am on Saturday.
2. The Cut-off Times for HSBC (Hong Kong) for Renminbi Remittance is 9 am to 1:30 pm.
2. Any requests received after cutoff time will normally be processed the next working day.

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