Citic Securities Brokerage (Hk) LTD SWIFT/BIC code

What CAREHKH1 means for a payment to Citic Securities Brokerage (Hk) LTD

CAREHKH1 and CAREHKH1XXX are the short and the long form of the same bank identifier, and both lead to Citic Securities Brokerage (Hk) LTD in Hong Kong. A BIC does one job: it ensures that an international payment ends up at the right bank. You will need it mostly for payments that cross a border and payments in foreign currencies.

Below you will find the practical side: receiving money at Citic Securities Brokerage (Hk) LTD, sending money abroad and how to check a SWIFT code before you confirm a payment. Remember that the BIC just identifies the bank, not the person: the account number or IBAN does that part.

Incoming international payments to Citic Securities Brokerage (Hk) LTD

To receive a transfer from abroad at Citic Securities Brokerage (Hk) LTD, the person paying you needs not just the SWIFT code. Share the account holder’s name, your account number or IBAN, SWIFT code CAREHKH1XXX and your address, which some banks require.

Their bank may request the address of your bank, in which case the Hong Kong head office is the usual answer. A typo in the IBAN can be more trouble than you might think, so copy the details from your online banking.

Money from abroad does not always land in full. Fees for incoming transfers vary per bank – the price list of Citic Securities Brokerage (Hk) LTD tells you what applies. Make clear with the sender who pays which costs.

Sending HKD to Citic Securities Brokerage (Hk) LTD

Hong Kong SAR China uses the Hong Kong Dollar. When you pay money in a different currency, the amount has to be converted at some point – by your bank, by Citic Securities Brokerage (Hk) LTD or by a bank in between. You rarely see a separate line for the conversion – the cost sits in the rate.

Who does the conversion has an effect on the final amount, as rates and margins differ per bank. Check how much HKD arrives via different services before choosing one.

The HKD rate fluctuates constantly. With bigger transfers, even seemingly small difference in the rate can be worth more than the fee.

Choosing between the 3 SWIFT codes of Citic Securities Brokerage (Hk) LTD

Having 3 codes in 1 cities, Citic Securities Brokerage (Hk) LTD belongs to the banks that use separate codes for parts of the organisation and departments. The main code remains CAREHKH1XXX.

For most incoming transfers, the head office code CAREHKH1XXX works fine. If you have been given a branch code, use it as it is instead of swapping it with the head office code.

The safest approach is to take the code straight from the account holder’s invoice. Branch codes can change over time, so a code from an old document is not always valid.

What a transfer from Citic Securities Brokerage (Hk) LTD abroad really costs

An international bank payment costs more than the listed fee. There is the fee for the transfer itself, possibly charges from correspondent banks in between and, above all, the exchange rate markup.

Banks do not show their exchange rate markup as a cost, but you pay it all the same. A simple test: put the rate you get against the mid-market rate and look at the difference.

Money transfer services often offer rates closer to the mid-market rate and lower fees. GoldexPay lists transfer providers next to each other so you can see what actually arrives. You can always keep your account at Citic Securities Brokerage (Hk) LTD to fund the transfer; only the conversion and sending happen elsewhere.

A note on our data

The directory on GoldexPay is compiled from public sources. Institutions merge, close branches and change codes. Figures such as the number of codes come from our directory and are not confirmed by Citic Securities Brokerage (Hk) LTD.

Treat this page as a reference, not as the last word. We are an independent comparison site and not affiliated with Citic Securities Brokerage (Hk) LTD. If you notice something that is out of date, we welcome a short note.

What the XXX in CAREHKH1XXX means

A SWIFT code is built from fixed blocks: characters one to four identify the bank, characters five and six show the country and the two after that indicate the location. In this case, that core is CAREHKH1.

The long version adds three more characters for a branch or department. When those three characters are XXX, the code points to the head office.

Do not add spaces, dots when you type CAREHKH1. Watch for O versus 0 and I versus 1; they are easy to mix up.

Is CAREHKH1 still correct? How to check

Have the recipient send you their account details directly from a recent statement. When the code you were given does not match CAREHKH1 or CAREHKH1XXX, do not guess – contact the recipient or Citic Securities Brokerage (Hk) LTD.

An incorrect BIC may lead to a delay, a returned payment or additional charges for investigation. Do not forget the account number: a mistake there is harder to undo than a wrong code.

Many banking apps validate the format of an IBAN, but that does not prove the account belongs to the right person. Where available, a name check before sending gives extra certainty. Sending a small amount first can be worth it for large sums, even if it costs an extra fee.

How long does an international transfer to Citic Securities Brokerage (Hk) LTD take?

How quickly a transfer reaches Citic Securities Brokerage (Hk) LTD depends on a few things: the currency, how many intermediary banks are involved, daily processing deadlines and differences in time zone. Transfers sent after the cut-off time or just before a weekend or public holiday usually go out the next business day. Sometimes a bank wants to know about the purpose of a payment, which can hold things up.

Many banks are connected to SWIFT gpi. Each gpi transfer gets a unique transaction reference, the UETR, which your bank can use to see where the money is. Specialist transfer services usually show a status in their app so you can see where the payment has got.

If a payment has not arrived after a few business days, the person who paid needs to contact their own bank rather than Citic Securities Brokerage (Hk) LTD. Request from the sender a copy of the payment confirmation with the date and reference – it helps your own bank look for the money.

Scams that use SWIFT codes

One of the most common tricks goes like this: you receive a message claiming that a company now has a new bank account. The fact that CAREHKH1 exists is no guarantee that a request mentioning it is genuine; criminals use the codes of real banks too.

Before paying, confirm changed bank details through a phone call on a number you know, not one from the message. Be suspicious of urgent requests, unusual wording or an email address that differs by one letter. When money has already gone to the wrong account, contact your bank immediately – speed improves the chance of getting it back.

Recipients are targeted too: one known trick is an overpayment and then sends a request to send back the difference to another account. Wait until the money is actually in your account.