Hongkong and Shanghai Banking Corporation LTD., The SWIFT/BIC code

What HSBCMUMU means for a payment to Hongkong and Shanghai Banking Corporation LTD., The

HSBCMUMU and HSBCMUMUXXX are two spellings of the same SWIFT/BIC code, and both point to Hongkong and Shanghai Banking Corporation LTD., The in Ebene. The code does one job: it ensures that an international payment ends up at the right bank. In practice you mostly see the code on international invoices, in your banking app and on the account details that Hongkong and Shanghai Banking Corporation LTD., The provides.

Further down we go through the practical side: money coming in from abroad, sending money abroad and how to check a SWIFT code before you confirm a payment. The SWIFT code alone cannot identify a personal account; for that you need the account number or IBAN is for.

Verifying the SWIFT code of Hongkong and Shanghai Banking Corporation LTD., The

Ask the recipient to copy the bank details directly from a recent statement. If the code you have does not match HSBCMUMU or HSBCMUMUXXX, stop and ask – contact the recipient or Hongkong and Shanghai Banking Corporation LTD., The.

Errors in the SWIFT code are annoying more than fatal – usually the money comes back, minus fees and time lost. An error in the account number can be more serious because it can reach the wrong person.

An automatic check in your banking app merely confirms that the IBAN is valid. If your bank offers it, a name check before sending gives an extra layer of safety. When you pay someone new, some people start with a small test amount and wait for confirmation.

Changed bank details? Be careful

A common scam goes like this: you receive a request saying that a contact has new bank details and that the next payment should go there. A correct SWIFT code tells you nothing about whether the request is genuine: scammers use real codes of real banks.

Verify changed bank details via a separate channel like a call to a number from an earlier contract. Pressure and secrecy tend to be red flags – a real supplier can wait a day. When a payment has already gone to a fraudster, call your bank right away – speed improves the chance of getting it back.

People receiving money can be targeted as well: one known trick is a buyer who pays too much and then sends a request to send back the difference. A screenshot of a transfer proves nothing – check your own account.

How up to date is this code?

The details on this page are taken from public sources which we refresh regularly. Even so, banks merge, rename themselves or change codes and our data may lag behind. Figures such as the number of codes come from our own dataset and may differ from what Hongkong and Shanghai Banking Corporation LTD., The publishes.

See the information on this page as a handy check and rely on the recipient or Hongkong and Shanghai Banking Corporation LTD., The for the final confirmation. GoldexPay is not affiliated with Hongkong and Shanghai Banking Corporation LTD., The; we are a comparison site for money transfers. If you notice a mistake, we welcome a short note via the contact page.

Paying someone abroad from your Hongkong and Shanghai Banking Corporation LTD., The account

The price of an international transfer has several parts – not just the fee on your screen. Besides a fixed fee, banks in between may take a cut, and if currencies are converted, the bank often uses a rate that is less favourable than the real market rate.

Banks do not show their exchange rate markup as a cost. An easy check: put the bank’s rate against the mid-market rate for the same moment and look at the difference.

For a lot of currency pairs, a transfer service turns out to be less expensive than a bank – mostly thanks to the rate. GoldexPay compares transfer providers next to each other so you can see the amount the recipient gets. Using a transfer service does not require leaving Hongkong and Shanghai Banking Corporation LTD., The.

HSBCMUMU or HSBCMUMUXXX – which one to use?

Each 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 HSBCMUMU.

XXX at the end of HSBCMUMUXXX does not stand for a missing value or an error: it indicates the main office of Hongkong and Shanghai Banking Corporation LTD., The. Certain payment forms ask for 11 characters, in which case you simply enter XXX after HSBCMUMU.

Leave out spaces or dashes when you enter HSBCMUMU or HSBCMUMUXXX. Watch for the letter O and the digit 0 and I versus 1, a common source of typos.

Incoming international payments to Hongkong and Shanghai Banking Corporation LTD., The

If you expect money from abroad, send the payer all details at once. What they need is: the account holder’s name, IBAN or account number, HSBCMUMUXXX or HSBCMUMU and, for some countries, your home address.

Certain banks want the name and address of Hongkong and Shanghai Banking Corporation LTD., The; it does no harm to include it. A mistake in your account number is harder to fix than you might think.

Do not be surprised if the incoming amount is below what the sender paid. Intermediary banks may deduct a fee and your own bank may charge for processing, and when currencies differ, an exchange rate margin comes on top. On invoices, you can agree who bears the costs to avoid a shortfall.

Choosing between the 2 SWIFT codes of Hongkong and Shanghai Banking Corporation LTD., The

Hongkong and Shanghai Banking Corporation LTD., The has 2 separate SWIFT/BIC codes across 1 cities. Only one is the head office code; the rest identify branches or departments.

If nobody asks you for a branch code, use HSBCMUMUXXX or its short form HSBCMUMU. A branch code only makes sense when the recipient’s bank explicitly mentions it, which is more common for corporate accounts and trade services.

The best way is to copy the code directly from the recipient’s invoice. Branch codes are more likely to be retired than HSBCMUMUXXX when a bank merges or closes offices.

When will the money arrive at Hongkong and Shanghai Banking Corporation LTD., The?

How fast a payment arrives at Hongkong and Shanghai Banking Corporation LTD., The is determined by a few things: the currency, the number of banks in between, cut-off times and differences in time zone. Weekends and public holidays in the sending or receiving country add a day or more, since banks do not process on those days. Sometimes a bank wants to know what the payment is for, which can hold things up.

When a payment takes longer than expected, contact the sending bank about the tracking status; with that reference banks can see where the payment is. Specialist transfer services usually show tracking in their app showing how far the money has got.

A delayed transfer has to be traced by the sending bank on the basis of the transfer details. Ask the sender for a copy of the payment confirmation with the date and reference; that often settles the question quickly.