Indian Overseas Bank, Hong Kong SWIFT/BIC code

SWIFT/BIC code of Indian Overseas Bank, Hong Kong

IOBAHKHH and IOBAHKHHXXX are two ways of writing the same SWIFT/BIC code, and both lead to Indian Overseas Bank, Hong Kong in Hong Kong. A BIC has a single purpose: it ensures that an international payment reaches the right bank. You will need it mostly for payments that cross a border.

This page is meant to help anyone who receives money at an account at Indian Overseas Bank, Hong Kong and wants to get the details right. A SWIFT code identifies a bank or branch, never a single account; the IBAN or account number does that.

Is IOBAHKHH still correct? How to check

The most reliable source for the BIC is the recipient’s own bank details. Compare that code against IOBAHKHH on this page; if they differ, ask before you pay.

With a wrong code, the transfer might be delayed, bounce back or cost extra – sometimes after weeks of searching. Do not forget the account number: a mistake there can be more difficult to correct than a wrong code.

An automatic check by your bank only tells you that the IBAN is valid, not that it is the right account. If your bank offers it, a name check before sending gives an extra layer of safety. When you pay someone new, many people send a small test amount and wait for confirmation.

The Hong Kong Dollar and what conversion costs you

Accounts at Indian Overseas Bank, Hong Kong are usually held in HKD, the national currency. A payment in a foreign currency is exchanged into HKD before it reaches the account. There is rarely a separate charge for that conversion; it is built into the rate.

Where the conversion happens has an effect on how much arrives, as rates and margins differ per bank. Sending the money already in HKD usually prevents an extra conversion at the receiving end, provided the rate you get is fair.

The rate for HKD fluctuates constantly. For recurring payments, a slightly better rate add up over time.

Which of the 2 codes of Indian Overseas Bank, Hong Kong do you need?

We have 2 SWIFT/BIC codes for Indian Overseas Bank, Hong Kong in 1 cities. Next to the head office code IOBAHKHHXXX, there are codes for regional offices and specialised units.

If nobody asks you for a branch code, go with IOBAHKHHXXX or its short form IOBAHKHH. If you have been given a branch code, stick to it rather than swapping it for the head office code.

When in doubt, check with the recipient for the exact BIC in their bank details. Branch codes can change over time, so a code from an old document is not always valid.

Paying someone abroad from your Indian Overseas Bank, Hong Kong account

The price of an international transfer has several parts, and the transfer fee is only the most visible one. Besides the transfer fee, correspondent or intermediary banks can deduct a fee, and when currencies are converted, the bank often uses a rate below the actual market rate.

The markup on the rate tends to be the largest item because it is hidden in the rate. Check their rate against the mid-market rate.

Money transfer services frequently offer rates closer to the mid-market rate and lower fees. GoldexPay compares transfer providers side by side so you can see the amount the recipient gets. Using a transfer service does not require closing your account at Indian Overseas Bank, Hong Kong – you pay the provider from your own account.

Watch out for payment fraud

Be alert when someone unexpectedly asks you to send money to a different account abroad. A valid SWIFT code tells you nothing about who owns the account – scammers simply use real codes.

Before paying, verify changed bank details by phone, using a number you already had. Be suspicious of time pressure, unusual wording or an email address that differs by one letter. Acted too fast? Call your bank without delay and have them start a recall and report the fraud.

Scams also work the other way. Someone claims to have sent too much and asks you to return the extra to a new account. A screenshot of a transfer is no proof – check your own account.

What the XXX in IOBAHKHHXXX means

The layout of every SWIFT code never changes: a bank code of four letters, a two-letter country code and a two-character location code, sometimes followed by a branch code. In this case, the 8-character core is IOBAHKHH.

The long version has three more characters that identify a branch or department. If the last three are XXX, the code points to the head office, so IOBAHKHHXXX and IOBAHKHH are interchangeable.

As a rule the code is written in capitals, without spaces or dashes. A wrong character can send a payment to a different institution, so copy it carefully.

How up to date is this code?

The codes here come from public sources which we refresh regularly. Still, banks merge, rename themselves or change codes. Counts and locations come from our directory.

Before a payment of any size, always confirm the BIC with the recipient’s bank or the recipient. GoldexPay is an independent comparison site for money transfers and not part of Indian Overseas Bank, Hong Kong. Should you notice something that is out of date, we appreciate a short note via the contact page.

When will the money arrive at Indian Overseas Bank, Hong Kong?

An international transfer typically needs anywhere from one to several business days, depending on the currency, the route and the banks involved. Weekends and public holidays in the sending or receiving country add extra days to the journey. Sometimes a bank asks what the payment is for before releasing it.

Many banks are connected to SWIFT gpi for faster and traceable payments. Every gpi transfer carries a unique transaction reference, the UETR, which your bank can use to see where the money is. Money transfer services usually show a status online showing where the money has got.

Only the sending bank can request a trace or a recall; the receiving side usually has nothing to trace yet. Request from the sender the payment receipt; that often settles the question quickly.

What to give a sender who pays you at Indian Overseas Bank, Hong Kong

If you expect money from abroad, give the sender everything they need in one go. That means: your name exactly as it appears on the account, your account number or IBAN, the SWIFT/BIC code IOBAHKHHXXX (or IOBAHKHH) and sometimes your address.

Some sending banks also ask for the address of Indian Overseas Bank, Hong Kong in Hong Kong; it does no harm to include it. Check the details before you share 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 vary per bank. For business payments, it is common to agree how the fees are split.