Bank of Inner Mongolia Co.,ltd. SWIFT/BIC code

What HSSYCNBH means for a payment to Bank of Inner Mongolia Co.,ltd.

HSSYCNBH and HSSYCNBHXXX are two ways of writing the same SWIFT/BIC code, and both point to Bank of Inner Mongolia Co.,ltd. in Hohhot. Every bank on the SWIFT network uses these codes to direct payments between countries to the correct institution. In practice you usually come across the code on invoices from abroad, in payment forms and in the bank details of Bank of Inner Mongolia Co.,ltd. customers.

We wrote this page to help people who sends money to an account at Bank of Inner Mongolia Co.,ltd. and wants to get the details right. Remember that the BIC only identifies the bank, not the person: the IBAN or account number does that part.

Watch out for payment fraud

Be wary if someone suddenly wants you to pay into a different account or a bank in another country. The fact that HSSYCNBH exists does not mean that a request mentioning it is legitimate.

Do not trust a phone number from the same email that contains the new account. Urgency or secrecy tend to be warning signs. Already paid? Call your bank straight away and have them try to recall the payment; also report it to the police.

Recipients are targeted too: one known trick is a buyer who pays too much followed by a request to send back the difference to another account. Wait until the money is actually in your account and check with Bank of Inner Mongolia Co.,ltd. if anything seems off.

Bank of Inner Mongolia Co.,ltd.: head office code versus branch codes

Bank of Inner Mongolia Co.,ltd. uses 12 separate SWIFT/BIC codes. Only one is the head office code; the others belong to branches, and sometimes internal departments.

Usually there is no need to look up a branch: payments sent to HSSYCNBHXXX are routed within Bank of Inner Mongolia Co.,ltd. correctly. When you receive a branch code, stick to it instead of swapping it for the head office code.

The best way is to take the code straight from the account holder’s bank details. Codes for branches are more likely to be retired than the head office code.

Is HSSYCNBH still correct? How to check

Ask the recipient to send you the bank details directly from their online banking. When the code you were given differs from HSSYCNBH or HSSYCNBHXXX, stop and ask.

With a wrong code, the transfer may be delayed, be returned or end up costing more. Remember the IBAN: an error there can be more difficult to correct than a wrong BIC.

Many banking apps validate the format of an IBAN and some suggest the matching BIC. Some banks now check the payee name against the account before you confirm; take any warning seriously. For a first payment, many people start with a small test amount.

A note on our data

Our SWIFT/BIC directory draws on publicly available sources and is updated regularly. Even so, banks merge, rename themselves or change codes. Counts and locations come from our directory.

Use our data as a reference, not as the last word: the recipient’s bank details come first. GoldexPay is independent of Bank of Inner Mongolia Co.,ltd., we only compare transfer services. Spotted outdated information? Tell us via our contact form so we can correct it.

Paying into Bank of Inner Mongolia Co.,ltd. in CNY

China uses the Chinese Yuan, code CNY. When you pay money in a different currency has to be converted somewhere along the way – by your bank, by Bank of Inner Mongolia Co.,ltd. or by a bank in between. You rarely see a separate line for the conversion; it is built into the rate.

Who does the conversion has an effect on how much arrives. Sending the amount directly in CNY usually avoids a second conversion.

Rates for CNY move during the day – some services let you fix a rate in advance. For recurring payments, small differences in the rate add up over time.

What a transfer from Bank of Inner Mongolia Co.,ltd. abroad really costs

A bank transfer abroad costs more than the listed fee. Besides a fixed fee, correspondent or intermediary banks can take a cut, and when the money changes currency, the bank often applies a rate below the real market rate.

The markup on the rate tends to be the largest cost even though it is not listed as a fee. An easy check: put the bank’s rate next to the mid-market rate for the same moment and look at the difference.

For a lot of currency pairs, a transfer service turns out to be cheaper than a traditional bank transfer. Next time you send money, it is worth to compare the total cost on GoldexPay rather than accepting the bank’s rate by default. You can still keep your account at Bank of Inner Mongolia Co.,ltd. as the source of the money.

Getting paid from abroad into a Bank of Inner Mongolia Co.,ltd. account

For an international payment into your account at Bank of Inner Mongolia Co.,ltd., the sender needs more than the BIC. That means: your full name as registered with Bank of Inner Mongolia Co.,ltd., your IBAN or account number, the BIC HSSYCNBHXXX (or HSSYCNBH) and usually your address.

Some banks also ask for the address of Bank of Inner Mongolia Co.,ltd. in Hohhot, so keep it at hand. Check the details before you send them – a sender rarely spots a mistake in someone else’s details.

The amount you receive can be lower than the amount sent. Fees for incoming transfers differ per bank – the price list of Bank of Inner Mongolia Co.,ltd. tells you what applies. Make clear with the sender who covers the fees, especially for larger amounts.

Why Bank of Inner Mongolia Co.,ltd. has an 8- and an 11-character code

A BIC is made up of a few fixed parts: the first four letters identify the bank, the next two give the country and characters seven and eight mark the location. Combined, these eight characters form HSSYCNBH – the version you usually see online.

The full version has three more characters for a branch or department. When those three characters are XXX, they simply mean the head office, which is why HSSYCNBHXXX and HSSYCNBH lead to the same place.

As a rule the code is typed in capitals, without spaces or dashes. Copying the code beats retyping it.

Tracking a transfer to or from Bank of Inner Mongolia Co.,ltd.

How fast a transfer reaches Bank of Inner Mongolia Co.,ltd. depends on a few things: which currency you send, how many intermediary banks are involved, daily processing deadlines and time zones. Bank holidays in the sending or receiving country add extra days to the journey. Sometimes a bank wants to know about the purpose of a payment.

If a transfer seems late, ask your bank for the tracking status; with that reference banks can see where the payment is. Save your transfer receipt until the recipient confirms – you will need it for any trace request.

A delayed transfer has to be investigated by the sending bank on the basis of the transfer details. On the receiving end, it helps to check your account to see a slightly lower amount, since fees may have been deducted.