Hana Bank Shanghai Branch SWIFT/BIC code

Hana Bank Shanghai Branch SWIFT code: HNBNCNS1

Whether a recipient gives you HNBNCNS1 or HNBNCNS1XXX, it is the identical address for Hana Bank Shanghai Branch in China. Banks worldwide use these codes to direct international transfers to the right bank. It comes up mostly for transfers between countries and payments in foreign currencies.

On this page you can read how the code is put together, when you need it and what else you need for a transfer to or from Hana Bank Shanghai Branch. The BIC identifies a bank or branch, never a specific account; the IBAN or account number does that.

Changed bank details? Be careful

Be alert when someone unexpectedly wants you to send money to another account or a bank in another country. A real SWIFT code says nothing about who owns the account.

Do not rely on a phone number from the same email that contains the new account. Urgency or secrecy are warning signs. Acted too fast? Call your bank straight away and have them start a recall and report the fraud.

Recipients can be targeted as well: one known trick is a buyer who pays too much and then sends a request to send back the difference. Wait until the money is actually in your account.

Sending CNY to Hana Bank Shanghai Branch

The national currency in China is the Chinese Yuan (CNY). Money sent in a different currency will be exchanged into CNY before it reaches the account, and whoever converts it chooses the rate. You rarely see a separate line for that conversion – the cost sits in the rate.

Where the conversion happens affects how much arrives, as rates and margins differ per bank. In many cases it is cheaper to send CNY directly through a transfer service with a good rate, so that the receiving bank does not need to convert again.

The CNY rate changes constantly and quotes are often valid only for a short time. On larger amounts, even seemingly small difference in the rate can be worth more than the fee.

Paying someone abroad from your Hana Bank Shanghai Branch account

If you send money abroad from Hana Bank Shanghai Branch, the fee you see is only part of what you pay. Besides the transfer fee, banks in between can take a cut, and when the money changes currency, the bank usually uses a rate that is less favourable than the real market rate.

Most of the cost usually sits in the exchange rate: the bank converts at a rate that includes a margin. A simple test: put the rate you get against the mid-market rate for the same moment and work out the difference on your amount.

Specialised transfer providers frequently offer a rate near the mid-market rate. GoldexPay lists transfer providers next to each other so you can see the amount the recipient gets. Choosing a specialist does not require leaving Hana Bank Shanghai Branch – you pay the provider from your own account.

Which of the 2 codes of Hana Bank Shanghai Branch do you need?

Hana Bank Shanghai Branch has 2 separate SWIFT/BIC codes. One of them is the head office code, HNBNCNS1XXX; the rest belong to branches or departments.

For the vast majority of payments to a private or business account, the head office code HNBNCNS1XXX is the right choice. Only use a branch code when your contact gives you that exact code, for example on an invoice or in their bank details.

If you are not sure, check with the recipient for the exact BIC in their bank details. Codes for branches are more prone to be retired than the head office code when a bank merges or closes offices.

Is HNBNCNS1 still correct? How to check

Ask the recipient to send you their account details directly from their banking app. If the code you have differs from HNBNCNS1 or HNBNCNS1XXX, stop and ask – contact the recipient or Hana Bank Shanghai Branch.

An incorrect BIC may lead to delays, a payment being sent back or extra fees along the way. An error in the account number can be more serious; check it just as carefully.

A validity check by your bank merely tells you that the code exists, not that it is the right account. If your bank offers it, a payee name check on the recipient gives an extra layer of safety. Sending a small amount first can be a sensible step for large sums, even if it costs an extra fee.

Receiving money from abroad at Hana Bank Shanghai Branch

To receive a transfer from abroad into your account at Hana Bank Shanghai Branch, the person paying you has to have more than the SWIFT code. That means: your name exactly as it appears on the account, your IBAN or account number, the SWIFT/BIC code HNBNCNS1XXX and, often, your address.

Some banks want the address of Hana Bank Shanghai Branch; it does no harm to include it. A typo in your account number can be harder to fix than you might think, so copy the details from your online banking.

An incoming payment does not always land in full. Charges on incoming payments vary per bank; check the price list of Hana Bank Shanghai Branch. Make clear with the sender who covers the fees.

Transfer times and tracking a payment to Hana Bank Shanghai Branch

How quickly a payment reaches Hana Bank Shanghai Branch depends on a few things: which currency you send, the number of banks in between, daily processing deadlines and time zones. Weekends and public holidays in the sending or receiving country can add a day or more, since banks do not process on those days. Sometimes a bank wants to know what the payment is for.

Many banks use SWIFT gpi, which lets them follow a payment from bank to bank. Every payment carries a unique reference, the UETR that banks can use to trace it. Money transfer services often provide a status online so you can see how far the payment is.

A delayed transfer has to be traced from the sending side on the basis of the transfer details. Request from the sender the payment receipt including the reference – it helps your own bank look for the money.

A note on our data

The details on this page are taken from publicly available data. Banks merge, change names and change codes – a directory can be a step behind. Counts and locations are from our directory and may differ from what Hana Bank Shanghai Branch publishes.

See our directory here as a handy check, and let the details from the recipient or Hana Bank Shanghai Branch have the final say. GoldexPay has no connection to Hana Bank Shanghai Branch. Spotted an error? Tell us through the contact page and we will look into it.

Why Hana Bank Shanghai Branch has an 8- and an 11-character code

A BIC is built from fixed blocks: the first four letters stand for the bank, the next two show the country and the two after that mark the location. Combined, those parts make up HNBNCNS1 – the version you usually see online.

Most banks and apps work with both lengths. If a form asks for eleven characters, enter HNBNCNS1XXX; if it wants eight, use HNBNCNS1.

Enter the code in one piece, in capitals and without spaces. Look out for the letter O and the digit 0 and the letter I and the digit 1; they are easy to mix up.