Detailed Guide: Using HONG KONG INTERBANK CLEARING LIMITED SWIFT Code for Global Transfers
When dealing with international finance, precision is paramount. The HKICHKHH Business Identifier Code (BIC) is the exclusive digital signature for HONG KONG INTERBANK CLEARING LIMITED located in KWUN TONG. Without this precise string of characters, your international wire transfer could be delayed, routed to the wrong intermediary, or returned with significant banking fees.
1. Understanding the 11-Character Logic
The code HKICHKHH is not a random sequence. It follows a strict ISO-9362
hierarchy that tells the global financial system exactly where your money needs to land:
- HKIC: The Bank Code representing HONG KONG INTERBANK CLEARING LIMITED globally.
- HK: The Country Code, identifying that the bank is regulated under Hong Kong laws.
- HH: The Location Code, usually pointing to the KWUN TONG hub.
- XXX: The Branch Code, specifying this exact physical office.
2. How to Receive Money in KWUN TONG
If you are a resident or business owner in KWUN TONG, you must provide the following information to your international sender. For transactions involving HONG KONG INTERBANK CLEARING LIMITED, ensure these fields are filled accurately in the MT103 (SWIFT Message Type):
| Field Name | Required Value |
|---|---|
| Beneficiary Name | Your Full Legal Name |
| Account Number | IBAN or Regional Account Format |
| BIC/SWIFT | HKICHKHH |
| Destination Bank | HONG KONG INTERBANK CLEARING LIMITED |
| Branch Location | KWUN TONG, Hong Kong |
3. Potential Fees & Intermediary Banking
It is important to note that a transfer to HONG KONG INTERBANK CLEARING LIMITED might not be direct. Depending on the relationship between your sender's bank and the HK banking system, an "Intermediary Bank" might be involved. These banks may deduct a "Handling Fee" ranging from $15 to $50. Always ask your sender to choose the OUR instruction if they wish to cover all costs, or SHA to share the fees with you.
4. Frequently Asked Questions (Verified Answers)
What happens if I use the Head Office SWIFT instead of the KWUN TONG branch code?
In most cases, HONG KONG INTERBANK CLEARING LIMITED will
automatically route the funds to your account based on your Account Number/IBAN. However,
using the local HKICHKHH is recommended for faster processing
and lower risk of manual intervention.
Is HKICHKHH the same as a Routing Number?
No. Routing numbers are primarily used for domestic transfers within the USA. For international transfers to Hong Kong, the SWIFT code is the standard identifier used by the global banking network.
How can I verify if this code is still active?
The code HKICHKHH for
HONG KONG INTERBANK CLEARING LIMITED is part of the latest directory update. We
periodically refresh our database to ensure all codes for KWUN TONG are compliant
with current financial standards.
Note: Financial data changes. While HKICHKHH is
verified for HONG KONG INTERBANK CLEARING LIMITED, always perform a small test transfer for high-value
transactions. This resource is for educational purposes regarding the banking infrastructure in
KWUN TONG, Hong Kong.