Boci Commodities and Futures LTD SWIFT/BIC code

BOCFHKH1 – the SWIFT/BIC code of Boci Commodities and Futures LTD

The short code BOCFHKH1 and the full code BOCFHKH1XXX refer to one and the same institution: Boci Commodities and Futures LTD, with its head office in Hong Kong. A SWIFT code shows every bank in the chain exactly which bank should receive the money. It comes up mostly for transfers between countries and payments in foreign currencies.

We wrote this page to help anyone who receives money at an account at Boci Commodities and Futures LTD. The SWIFT code on its own cannot identify a personal account; for that you need the IBAN or account number is for.

How to check BOCFHKH1 before you pay

The safest source for the BIC is the recipient’s own bank details – an invoice, a statement or a screenshot from online banking. Compare it with BOCFHKH1 here and ask if anything does not match.

If the code is wrong, the payment may be delayed, be returned or cost extra – sometimes after weeks of searching. Remember the account number: a mistake there can be harder to undo than a wrong code.

An automatic check by your bank only confirms that the IBAN is valid. If your bank offers it, a name check on the recipient adds an extra layer of safety. Sending a small amount first is a sensible step for large sums, even if it costs an extra fee.

Watch out for payment fraud

Be alert when a contact suddenly asks you to pay into another account or a bank in another country. A valid SWIFT code says nothing about who owns the account.

Never trust contact details in the same message that announces the change. Pressure and secrecy are red flags; a genuine business can wait for you to check. If a payment was sent to a fraudster, call your bank right away – speed improves the chance of getting it back.

Fraud also target the receiver: someone sends more than agreed and wants you to refund the extra. Wait until the money is actually in your account and check with Boci Commodities and Futures LTD if anything seems off.

A note on our data

The codes on this page are taken from publicly available data which we refresh regularly. It can happen that information on this page is no longer current. The figures on this page reflect our own data, not official figures from Boci Commodities and Futures LTD.

Use our data as a reference, not as the final word: the recipient’s bank details come first. We are a comparison service and not part of Boci Commodities and Futures LTD. If you notice something that is out of date, we welcome a short note.

Sending money abroad from Boci Commodities and Futures LTD

An international bank payment costs rather more than the fee suggests. On top of the transfer fee, banks in between can deduct a fee, and if currencies are converted the bank usually applies a rate that is less favourable than the real market rate.

The markup on the rate tends to be the biggest cost, and it is easy to miss. Check their rate with the mid-market rate, the midpoint between buy and sell rates you see on financial sites.

For a lot of routes, a transfer service turns out to be cheaper than a bank – mostly thanks to the rate. GoldexPay compares transfer providers side by side, showing the amount the recipient gets before you commit. Using a transfer service does not mean leaving Boci Commodities and Futures LTD: you simply pay the service from your account.

Incoming international payments to Boci Commodities and Futures LTD

To receive a transfer from abroad into your account at Boci Commodities and Futures LTD, the person paying you needs not just the SWIFT code. The basics are: your name, IBAN or account number, BOCFHKH1XXX or BOCFHKH1 and, for some countries, your postal address.

The sender’s bank might request the bank address of Boci Commodities and Futures LTD; the head office in Hong Kong is usually fine. Double-check each detail before you send them.

The amount you receive can be lower than the amount sent. Intermediary banks may deduct a fee, and if the currency changes, an exchange rate margin comes on top. On invoices, it is common to agree who bears the costs, so that nobody is left short.

Sending HKD to Boci Commodities and Futures LTD

Hong Kong SAR China uses the Hong Kong Dollar (HKD). If you send money in a different currency has to be converted somewhere along the way: by your bank, an intermediary or Boci Commodities and Futures LTD itself. You rarely see a separate line for the conversion.

Who converts the payment makes a difference: every bank has its own margin. In many cases you pay less if you send HKD directly via a transfer service with a good rate, so that the receiving bank does not need to convert again.

Rates for HKD change all the time. If you pay regularly, a slightly better rate add up over time.

Transfer times and tracking a payment to Boci Commodities and Futures LTD

How fast a payment arrives at Boci Commodities and Futures LTD is determined by a few things: which currency you send, the number of banks in between, cut-off times and differences in time zone. Weekends and public holidays in the sending or receiving country can add a day or more, since banks do not process on those days. Occasionally a bank wants to know about the purpose of a payment before releasing it.

When a payment takes longer than expected, ask your bank for the tracking status and the transaction reference. Save your transfer receipt.

A delayed transfer is traced from the sending side. As a recipient, it helps to check your statements for a partial amount.

Which of the 2 codes of Boci Commodities and Futures LTD do you need?

Boci Commodities and Futures LTD uses 2 different SWIFT/BIC codes across 1 locations. One of them is the head office code; the others belong to branches or departments, and sometimes internal departments.

For the vast majority of incoming transfers, the head office code BOCFHKH1XXX is what you need. If you have been given a branch code, stick to it instead of replacing it with the head office code.

The safest route is to copy the code directly from the recipient’s bank details. Codes for branches are more likely to change than BOCFHKH1XXX when a bank merges or closes offices.

What the XXX in BOCFHKH1XXX means

Every SWIFT/BIC code starts with an 8-character core: four letters for the bank, two letters for the country and a two-character location code. In this case, that core is BOCFHKH1.

XXX at the end of BOCFHKH1XXX is not a placeholder or a mistake: it stands for the main office of Boci Commodities and Futures LTD. Certain payment forms insist on 11 characters, and then you simply enter XXX after BOCFHKH1.

Leave out spaces, dots when you enter BOCFHKH1; the code is always written in one block. Copying the code is safer than typing it by hand, because one wrong letter changes the bank.