Macquarie Bank Limited SWIFT/BIC code

SWIFT/BIC code of Macquarie Bank Limited

If an invoice shows MACQHKHH or MACQHKHHXXX, you are looking at the same identifier for Macquarie Bank Limited in Hong Kong SAR China. Every bank on the SWIFT network uses these codes to direct international transfers to the right institution. You will need it mostly for transfers between countries and payments in foreign currencies.

On this page we explain what the code means, when you need it and which other details you need for a transfer to or from Macquarie Bank Limited. Remember that the BIC just identifies the bank, not the person: the IBAN or account number takes care of that.

Protect yourself against fake payment requests

A common scam goes like this: an email arrives with a message saying that a supplier now has a new bank account and asking you to pay there from now on. A real SWIFT code tells you nothing about whether the request is genuine.

Always confirm changed bank details through a phone call. Pressure and secrecy are warning signs; a genuine business can wait for you to check. Already paid? Contact the bank you paid from without delay and ask them to try to recall the payment and report the fraud.

Scams can also target the receiver. Someone claims to have sent more than agreed and wants you to refund the extra. Wait until the money is actually in your account.

Transfer times and tracking a payment to Macquarie Bank Limited

A SWIFT payment typically takes one to a few business days, depending on the currency, the route and the banks involved. Payments made late in the day or just before a weekend or public holiday often start a business day later. Extra checks by one of the banks can also cause a delay.

When a payment takes longer than expected, contact the sending bank about the tracking status or the UETR; with that reference banks can see where the payment is. Save the payment confirmation until the money has arrived.

The bank that sent the money is able to request a trace or a recall – the recipient’s bank often cannot see a payment that has not arrived. As a recipient, you can check your account to see a slightly lower amount, since fees may have been deducted.

Where our SWIFT data comes from

The codes on this page come from publicly available data. Institutions merge, close branches and retire codes – a directory can be a step behind. Counts and locations are from our own dataset and are not confirmed by Macquarie Bank Limited.

For any payment of any size, check the code with the recipient’s bank or with the recipient. We are an independent comparison service for money transfers and not part of Macquarie Bank Limited. If you notice something that is out of date, we welcome a message.

Why Macquarie Bank Limited has an 8- and an 11-character code

Every SWIFT/BIC code has an 8-character core: a four-letter bank code, two letters for the country and two characters for the location. Together, those parts form MACQHKHH.

The full version has a three-character extension that identify a branch or department. If the last three are XXX, they simply mean the head office, so MACQHKHHXXX and MACQHKHH are interchangeable.

In practice the code is typed in capitals and without spaces. Watch for the letter O and the digit 0 and I versus 1.

Before you send: check the Macquarie Bank Limited code

The most reliable place for the right code is paperwork issued by the bank, such as a statement or the account details in online banking. When the code you were given differs from MACQHKHH or MACQHKHHXXX, stop and ask – contact the recipient or Macquarie Bank Limited.

A wrong SWIFT code can cause delays, a payment being sent back or additional charges for investigation. An error in the account number can be a bigger problem.

A format check by your bank merely tells you that the code exists – not that it belongs to the person you mean to pay. If your bank offers it, a payee name check on the recipient gives extra certainty. Sending a small amount first is worth it for large sums, even if it costs an extra fee.

Paying into Macquarie Bank Limited in HKD

Hong Kong SAR China pays in the Hong Kong Dollar. If you send money in a different currency gets converted at some point: by your bank, an intermediary or Macquarie Bank Limited itself. Each conversion costs the amount, even when no fee is shown.

Who converts the money makes a difference: every bank has its own margin. Transferring the amount already in HKD usually avoids a second conversion – as long as your own rate is good.

The rate for HKD changes constantly, so the amount you see is usually only valid for a short time. If you pay regularly, a slightly better rate add up over time.

International transfers from Macquarie Bank Limited: the real cost

What you pay for an international transfer is made up of several parts – not just the fee on your screen. There is the transfer fee, possibly fees charged by intermediary banks in between and, most importantly, the margin on the exchange rate if the currency changes.

That exchange rate margin is often the largest item. Compare the rate you are offered against the mid-market rate; the gap is what conversion costs you.

Specialist money transfer services frequently offer a rate near the mid-market rate. GoldexPay compares transfer providers next to each other, showing the amount the recipient gets. Choosing a specialist does not require closing your account at Macquarie Bank Limited: you simply pay the service from your account.

Receiving money from abroad at Macquarie Bank Limited

If you are waiting for money from abroad, send the payer a complete set of details. The basics are: the account holder’s name, IBAN or account number, MACQHKHHXXX and often your postal address.

You can add Macquarie Bank Limited and Hong Kong as well, since some forms ask for it. A mistake in the IBAN can be harder to fix than you might think; copy them from your banking app rather than typing.

Do not be surprised if the incoming amount is below the amount on the sender’s receipt. Correspondent banks can take a fee and your own bank may charge for processing, and if the money is converted, an exchange rate margin comes on top. Make clear with the sender who covers the fees before the money is sent.

Which of the 2 codes of Macquarie Bank Limited do you need?

Having 2 codes in 1 cities, Macquarie Bank Limited is one of the banks that use individual codes for parts of the organisation and departments. The main code remains MACQHKHHXXX.

Unless the recipient tells you otherwise, go with MACQHKHHXXX or its short form MACQHKHH. Just use a branch code when the account holder gives you that exact code.

If you are not sure, ask the person you are paying which code their bank gave them. Codes for branches are more prone to be retired than MACQHKHHXXX when a bank merges or closes offices.