HSBC Private Bank (Monaco) S.A. (Formerly HSBC Republic Bank (Monaco) S.A.) SWIFT/BIC code

SWIFT/BIC code of HSBC Private Bank (Monaco) S.A. (Formerly HSBC Republic Bank (Monaco) S.A.)

If an invoice shows BLICMCMC or BLICMCMCXXX, you are looking at the identical identifier for HSBC Private Bank (Monaco) S.A. (Formerly HSBC Republic Bank (Monaco) S.A.) in Monaco. Banks worldwide use BIC codes to direct international transfers to the right bank. You will need it mostly for transfers between countries.

Further down you will find the practical questions: receiving money at HSBC Private Bank (Monaco) S.A. (Formerly HSBC Republic Bank (Monaco) S.A.), sending money abroad and how to verify a SWIFT code before you hit send. The SWIFT code alone does not identify an individual account holder; for that you need the account number or IBAN is for.

Transfer times and tracking a payment to HSBC Private Bank (Monaco) S.A. (Formerly HSBC Republic Bank (Monaco) S.A.)

There is no single delivery time: some arrive within a day while others need several business days. Bank holidays in either country can add a day or more. Extra checks by one of the banks can also add a delay, even when all details are correct.

A growing number of banks are connected to SWIFT gpi. Each payment carries a unique transaction reference, the UETR, which your bank can use to see where the money is. Keep the payment confirmation until the money has arrived – you will need it for any trace request.

The bank that sent the money can request a trace. Request from the sender a copy of the payment confirmation with the date and reference – it helps your own bank look for the money.

Paying HSBC Private Bank (Monaco) S.A. (Formerly HSBC Republic Bank (Monaco) S.A.) in euros within SEPA

Monaco is a member of the Single Euro Payments Area (SEPA), where euro transfers follow common rules. For a standard euro transfer from another SEPA country, you normally only need the IBAN and the BIC is often filled in automatically.

A SWIFT code like BLICMCMC does come into play when the currency is not euros. If a payment form has a field for the BIC regardless, entering BLICMCMC is fine.

Instant euro transfers are increasingly supported across SEPA; check with HSBC Private Bank (Monaco) S.A. (Formerly HSBC Republic Bank (Monaco) S.A.) whether it applies to your account. Fees for SEPA payments tend to be low as long as everything stays in euros.

Scams that use SWIFT codes

Be wary when someone unexpectedly wants you to send money to another account. A correct SWIFT code tells you nothing about who owns the account: scammers use real codes of real banks.

Check changed payment details via a different channel, such as a phone number you already know, never via the email that asked for the change. Urgency and secrecy tend to be red flags. If money was sent to a fraudster, contact your bank immediately.

Scams can also target the receiver. Someone claims to have sent more than agreed and asks you to return the difference to a new account. Do not act before the money has really arrived and check with HSBC Private Bank (Monaco) S.A. (Formerly HSBC Republic Bank (Monaco) S.A.) if anything seems off.

How up to date is this code?

We collect SWIFT/BIC codes from public sources and update our list from time to time. Even so, banks merge, rename themselves or retire codes and our data may lag behind. The figures we show reflect what is in our directory.

For a payment of any size, confirm the code with the recipient’s bank or with the recipient. GoldexPay is a comparison service for money transfers and not part of HSBC Private Bank (Monaco) S.A. (Formerly HSBC Republic Bank (Monaco) S.A.). Should you notice something that is out of date, we appreciate a message.

Getting paid from abroad into a HSBC Private Bank (Monaco) S.A. (Formerly HSBC Republic Bank (Monaco) S.A.) account

For an international payment into your account at HSBC Private Bank (Monaco) S.A. (Formerly HSBC Republic Bank (Monaco) S.A.), the person paying you has to have not just the SWIFT code. The basics are: your name, account number or IBAN, BLICMCMCXXX and, for some countries, your home address.

Certain sending banks want the bank’s address in Monaco. Check the details before you send them.

Do not be surprised if the amount credited is below the amount on the sender’s receipt. Correspondent banks can take a fee and your own bank may charge for processing, and when currencies differ, an exchange rate margin applies. For business payments, it is common to state how the fees are split.

Which of the 2 codes of HSBC Private Bank (Monaco) S.A. (Formerly HSBC Republic Bank (Monaco) S.A.) do you need?

With 2 codes in 1 cities, HSBC Private Bank (Monaco) S.A. (Formerly HSBC Republic Bank (Monaco) S.A.) is one of the banks that use individual codes for branches and departments. The head office code is BLICMCMCXXX.

Usually you do not need to pick a branch: payments sent to BLICMCMCXXX reach HSBC Private Bank (Monaco) S.A. (Formerly HSBC Republic Bank (Monaco) S.A.) without problems. If you have been given a specific code, stick to it rather than replacing it with the head office code.

Not sure which code applies? Check with the recipient. Codes can change over time, so a code from an old document is not always valid.

Euro (EUR) and conversion costs

Monaco pays in the Euro, with the currency code EUR. When you pay another currency gets converted at some point: by your bank, an intermediary or HSBC Private Bank (Monaco) S.A. (Formerly HSBC Republic Bank (Monaco) S.A.) itself. You rarely see a separate line for the conversion; it is built into the rate.

Who does the conversion has an effect on how much arrives, as rates and margins differ per bank. Transferring the money directly in EUR often avoids an extra conversion.

The EUR rate fluctuates constantly, so the amount you see is usually only valid for a short time. With bigger transfers, even seemingly small difference in the rate adds up quickly.

Is BLICMCMC still correct? How to check

The best place to find the correct BIC is a document from the bank itself, such as a statement or the account details in online banking. Compare that code with BLICMCMC on this page and ask if anything does not match.

If the code is wrong, the payment may be delayed, be returned or cost extra – sometimes after weeks of searching. Do not forget the IBAN: a mistake there can be more difficult to undo than a wrong code.

Many banking apps validate the format of IBANs and some suggest the matching BIC – that confirms the format, not the owner. More and more banks compare the payee name with the account before you confirm; take any warning seriously. A small test payment can be worth it for large sums, even if it costs an extra fee.

BLICMCMC or BLICMCMCXXX – which one to use?

A SWIFT code is built from a few fixed parts: the first four letters identify the bank, characters five and six show the country and the two after that mark the location. Combined, these eight characters form BLICMCMC – the version you usually see online.

The 11-character version has a three-character extension that identify a branch or department. If the last three are XXX, they simply mean the head office.

Enter the code in one piece, in upper case and without separators. A single letter can send the money to another bank.

International transfers from HSBC Private Bank (Monaco) S.A. (Formerly HSBC Republic Bank (Monaco) S.A.): the real cost

An international bank payment can cost rather more than the listed fee. There is the transfer fee, sometimes charges from correspondent banks along the way and, above all, the margin on the exchange rate.

Banks rarely show their exchange rate markup separately – you only notice it if you compare. Check their rate against the mid-market rate – the rate you find on financial news sites; the gap is what conversion costs you.

Specialist money transfer services frequently use rates closer to the mid-market rate with clearer fees. Before your next transfer, it is worth to compare the total cost via GoldexPay instead of going straight to your bank. Using a transfer service does not mean closing your account at HSBC Private Bank (Monaco) S.A. (Formerly HSBC Republic Bank (Monaco) S.A.) – you pay the provider from your own account.