Lim Advisors Limited SWIFT/BIC code

SWIFT/BIC code of Lim Advisors Limited

The 8-character code LOIMHKH1 and the full code LOIMHKH1XXX identify one and the same institution: Lim Advisors Limited, with its head office in Hong Kong. Every bank on the SWIFT network uses BIC codes to direct international transfers to the correct institution. You will need it mostly when dealing with payments that cross a border.

On this page you will find how the code means, when it matters and which other details you need for a transfer to or from Lim Advisors Limited. The SWIFT code on its own cannot identify an individual account holder; for that you need the IBAN or account number is for.

Hong Kong Dollar (HKD) and conversion costs

The local currency of Hong Kong SAR China is the Hong Kong Dollar (HKD). Money sent in a different currency is converted into HKD on its way to Lim Advisors Limited, and whoever converts it chooses the rate. You rarely see a separate line for the conversion – the cost sits in the rate.

Who does the conversion affects how much arrives, as rates and margins differ per bank. Transferring the money directly in HKD often prevents a second conversion at the receiving end.

Rates for HKD change during the day – some services let you fix a rate in advance. For recurring payments, small differences in the rate add up over a year.

Changed bank details? Be careful

Be alert when someone unexpectedly asks you to send money to a different account. The fact that LOIMHKH1 exists does not mean that a request mentioning it is legitimate; criminals use the codes of real banks too.

Do not rely on contact details in the same message that announces the change. Watch out for time pressure, odd spelling or a sender address that is slightly off. Already paid? Contact the bank you paid from without delay and ask them to start a recall; also report it to the police.

Recipients are targeted too: one known trick is an overpayment and then sends a request to send back the difference. Wait until the money has really arrived – ask Lim Advisors Limited if something looks wrong.

A note on our data

The codes here come from publicly available data which we refresh regularly. Banks merge, change names and change codes, and a directory never catches every change immediately. The number of codes we show are based on what is in our directory and not on information from Lim Advisors Limited itself.

Treat our directory on this page as a handy check. GoldexPay has no connection to Lim Advisors Limited, we only compare transfer services. If you notice something that is out of date, we appreciate a message.

Lim Advisors Limited: head office code versus branch codes

Having 2 codes in 1 cities, Lim Advisors Limited belongs to the banks that use separate codes for branches. The head office code is LOIMHKH1XXX.

For the vast majority of payments to a private or business account, the head office code LOIMHKH1XXX is what you need. Only use a branch code when the recipient gives you that exact code, for example on an invoice or in their bank details.

When in doubt, check with the recipient for the exact BIC in their bank details. Branch codes are more prone to change than LOIMHKH1XXX.

When will the money arrive at Lim Advisors Limited?

There is no single answer: some land the same day or the next, others take several business days. Transfers sent after the cut-off time or on weekends and holidays often go out a business day later. Occasionally a bank asks what the payment is for before releasing it.

Many banks use SWIFT gpi. Each gpi transfer carries a unique reference, the UETR. Save your transfer receipt until the money has arrived; it contains the details a bank needs to start a trace.

If a payment has not arrived after a few business days, the sender needs to contact their own bank, not the receiving bank. On the receiving end, you can look at your account to see a slightly lower amount, since fees may have been deducted.

What a transfer from Lim Advisors Limited abroad really costs

What you pay for an international transfer is made up of several parts, and the transfer fee is only the most visible one. There is the fee for the transfer itself, sometimes fees charged by intermediary banks in between and, above all, the margin on the exchange rate when the money is converted.

Most of the cost usually sits in the exchange rate, rather than in the fee: many banks convert at a rate that includes a margin. Check the rate you are offered with the mid-market rate, the midpoint between buy and sell rates you see on financial sites; the gap is what conversion costs you.

Specialised transfer providers frequently offer rates closer to the mid-market rate and lower fees. GoldexPay lists transfer providers next to each other so you can see the amount the recipient gets. Choosing a specialist does not require closing your account at Lim Advisors Limited – you pay the provider from your own account.

How to check LOIMHKH1 before you pay

Have the recipient copy their account details directly from their banking app. Check that code against LOIMHKH1 here.

Mistakes in the BIC are annoying rather than disastrous. Do not forget the IBAN: an error there can be more difficult to correct than a wrong code.

Many banking apps validate the format of IBANs. Where available, a payee name check on the recipient gives an extra layer of safety. For a first payment, some people send a small test amount.

8 or 11 characters: LOIMHKH1 versus LOIMHKH1XXX

The structure of every SWIFT code never changes: a bank code of four letters, a two-letter country code and two for the location, sometimes followed by a branch code. For Lim Advisors Limited, the 8-character core is LOIMHKH1.

The full version has a three-character extension that identify a branch or department. If the last three are XXX, the code points to the head office, which is why LOIMHKH1XXX and LOIMHKH1 lead to the same place.

Enter the code in one piece, in upper case and without spaces. Pasting the code beats retyping it.

Incoming international payments to Lim Advisors Limited

When you expect a payment from another country, give the sender everything they need in one go. Give them your name as the bank knows it, your account number or IBAN, the BIC LOIMHKH1XXX and your address, which some banks require.

You can include the bank name and its city as well. Double-check the details before you send them – a sender rarely spots a mistake in someone else’s details.

The amount you receive is often less than what was sent. Charges on incoming payments vary from bank to bank – the price list of Lim Advisors Limited tells you what applies. For business payments, it is common to state how the fees are split to avoid a shortfall.