Banc of America Securities Asia Limited SWIFT/BIC code

Banc of America Securities Asia Limited SWIFT code: ASLDHKH1

The 8-character code ASLDHKH1 and the full code ASLDHKH1XXX refer to one and the same institution: Banc of America Securities Asia Limited in Hong Kong, Hong Kong SAR China. A SWIFT code tells every bank in the chain which institution is meant to get the money, a bit like a postal address for banks. It comes up mainly when dealing with payments that cross a border.

We wrote this page to help anyone who receives money at an account at Banc of America Securities Asia Limited without mistakes. The BIC names an institution, not a single account.

When will the money arrive at Banc of America Securities Asia Limited?

A SWIFT payment usually takes one to a few business days. Weekends and public holidays in either country can add extra days, since banks do not process on those days. Occasionally a bank wants to know what the payment is for before releasing it.

A growing number of banks are connected to SWIFT gpi for faster and traceable payments. Each gpi transfer gets a unique reference, the UETR. Specialist transfer services usually provide a status in their app showing where the payment is.

If the money does not arrive after a few business days, the person who paid needs to start with the bank that sent it. Request from the sender a copy of the payment confirmation including the reference – it helps your own bank look for the money.

Changed bank details? Be careful

A common scam works like this: an email arrives with a message claiming that a contact now has new bank details. That ASLDHKH1 is a real code is no guarantee that a request mentioning it is genuine; criminals use the codes of real banks too.

Always verify a change of bank details through a phone call on a number you know, not one from the message. Watch out for time pressure, odd spelling or a sender address that is slightly off. When a payment has already gone to the wrong account, call your bank right away.

Recipients are targeted too: one known trick is a buyer who pays too much followed by a request to refund the difference abroad. Wait until the money is actually in your account and check with Banc of America Securities Asia Limited if anything seems off.

Head office or branch code at Banc of America Securities Asia Limited?

Banc of America Securities Asia Limited has 5 separate SWIFT/BIC codes across 1 locations. Only one is the head office code, ASLDHKH1XXX; the others identify branches or departments, and sometimes specific services.

For most incoming transfers, the head office code ASLDHKH1XXX works fine. Branch codes are only needed if the account holder specifically asks for it, which is more common for corporate accounts and trade services.

The safest approach is to take the code directly from the recipient’s statement. Branch codes are more likely to change than the head office code.

Hong Kong Dollar (HKD) and conversion costs

Hong Kong SAR China uses the Hong Kong Dollar (HKD). Money sent in a different currency will be exchanged into HKD before it reaches the account, and whoever converts it chooses the rate. There is rarely a separate charge for the conversion – the cost sits in the rate.

Who does the conversion has an effect on the final amount, since every bank sets its own rate. Often it is cheaper if you send HKD straight away through a transfer service with a good rate rather than letting the receiving bank convert.

Exchange rates move during the day – some services let you fix a rate in advance. For regular payments, a slightly better rate make a real difference over time.

Incoming international payments to Banc of America Securities Asia Limited

When you expect money from abroad, send the payer a complete set of details. In practice that means: your full name as registered with Banc of America Securities Asia Limited, your IBAN or account number, the BIC ASLDHKH1XXX (or ASLDHKH1) and usually your address.

Some banks also ask for the address of Banc of America Securities Asia Limited, so keep it at hand. A mistake in your account number is harder to fix than you might think; copy them from your banking app rather than typing.

The amount you receive is often less than what was sent. Intermediary banks may deduct a fee and your own bank may charge for processing, and when currencies differ, an exchange rate margin applies. Agree with the sender who pays which costs.

About this information

We gather SWIFT/BIC codes using public sources and update our list from time to time. Still, banks merge or change codes, so information can be out of date. Figures such as the number of codes come from our own dataset and may differ from what Banc of America Securities Asia Limited publishes.

Before any payment that matters, always confirm the code with the recipient’s bank or with the recipient. GoldexPay has no connection to Banc of America Securities Asia Limited. Spotted outdated information? Tell us through the contact page.

Verifying the SWIFT code of Banc of America Securities Asia Limited

The most reliable source for a SWIFT code is the bank details provided by the recipient: an invoice, a bank statement or their online banking. Compare it against ASLDHKH1 on this page and ask if anything does not match.

If the code is wrong, the transfer may get stuck, be returned or cost extra – sometimes after weeks of searching. An error in the IBAN or account number is more serious, so check that just as carefully.

Many banking apps check the format of IBANs, but that does not prove the account belongs to the right person. Some banks now compare the name against the account. A small test payment can be worth it for a large first payment despite the extra fee.

Why Banc of America Securities Asia Limited has an 8- and an 11-character code

Each SWIFT/BIC code starts with the same eight core characters: four letters for the bank, two letters for the country and two characters for the location. In this case, that core is ASLDHKH1.

The 11-character version adds a three-character extension for a branch or department. When those three characters are XXX, they simply mean the head office, which is why ASLDHKH1XXX and ASLDHKH1 lead to the same place.

In practice the code is typed in capitals, without spaces or dashes. Copying the code is safer than typing it by hand, because one wrong letter changes the bank.

Paying someone abroad from your Banc of America Securities Asia Limited account

What you pay for a payment abroad is made up of more than one component – not just the fee on your screen. There is the fee for the transfer itself, possibly fees charged by intermediary banks along the way and, above all, the margin on the exchange rate.

Many banks do not show their exchange rate markup as a cost. Compare their rate with the mid-market rate, the midpoint between buy and sell rates you see on financial sites; the gap is what conversion costs you.

For many routes, a transfer service is cheaper than a bank – mostly thanks to the rate. Before your next transfer, it is worth to compare the total cost on GoldexPay instead of going straight to your bank. Choosing a specialist does not mean closing your account at Banc of America Securities Asia Limited.