The Hongkong and Shanghai Banking Corporation LTD - Philippine Branch SWIFT/BIC code

HSBCPHMM – the SWIFT/BIC code of The Hongkong and Shanghai Banking Corporation LTD - Philippine Branch

HSBCPHMM and HSBCPHMMXXX are the short and the long form of the same bank identifier, and both lead to The Hongkong and Shanghai Banking Corporation LTD - Philippine Branch in Taguig City. The code does one job: it makes sure that money from abroad ends up at the right bank. You will need it mostly for transfers between countries or a currency.

We wrote this page to help anyone who receives money at an account at The Hongkong and Shanghai Banking Corporation LTD - Philippine Branch without mistakes. Keep in mind that the BIC only identifies the bank, not the person: the IBAN or account number does that part.

Tracking a transfer to or from The Hongkong and Shanghai Banking Corporation LTD - Philippine Branch

An international transfer usually needs anywhere from one to several business days. Bank holidays in the sending or receiving country can add a day or more. Compliance checks on larger or unusual payments can also add some delay.

If a transfer seems delayed, ask your bank about the tracking status and the transaction reference. Keep your transfer receipt; it contains the details a bank needs to start a trace.

The bank that sent the money is able to start an official trace or a recall. Ask the sender for a copy of the payment confirmation; that often settles the question quickly.

Paying into The Hongkong and Shanghai Banking Corporation LTD - Philippine Branch in PHP

Philippines uses the Philippine Peso (PHP). A payment in a foreign currency will be exchanged into PHP, and whoever converts it chooses the rate. Each conversion costs the amount – usually through the rate rather than a fee.

Who converts the money makes a difference. Check what PHP arrives via different providers; the difference between options can be larger than you expect.

Exchange rates move all the time. For recurring payments, a slightly better rate add up over time.

What the XXX in HSBCPHMMXXX means

The structure of a BIC is always the same: four characters for the institution, a two-letter country code and a two-character location code. Combined, those parts make up HSBCPHMM, the code most people search for.

XXX at the end of HSBCPHMMXXX is not a missing value or a mistake: it stands for the main office of The Hongkong and Shanghai Banking Corporation LTD - Philippine Branch. Some forms insist on 11 characters, in which case you simply add XXX behind HSBCPHMM.

Type the code in one piece, in capitals and without spaces, exactly as shown here. Look out for O versus 0 and I versus 1; they are easy to mix up.

Which of the 4 codes of The Hongkong and Shanghai Banking Corporation LTD - Philippine Branch do you need?

Our database contains 4 SWIFT/BIC codes for The Hongkong and Shanghai Banking Corporation LTD - Philippine Branch in 3 cities. Besides the head office code HSBCPHMMXXX, there are codes for branches, departments or specific services.

Usually there is no need to look up a branch: payments sent to HSBCPHMMXXX are routed within The Hongkong and Shanghai Banking Corporation LTD - Philippine Branch without problems. Branch codes are only needed when the account holder specifically asks for it.

When in doubt, ask the person you are paying for the exact BIC in their bank details. Branch codes can change when banks reorganise, so do not rely on old paperwork.

Getting paid from abroad into a The Hongkong and Shanghai Banking Corporation LTD - Philippine Branch account

If you expect a payment from another country, give the sender a complete set of details. What they need is: the account holder’s name, account number or IBAN, HSBCPHMMXXX and, for some countries, your home address.

Certain sending banks want the name and address of The Hongkong and Shanghai Banking Corporation LTD - Philippine Branch in Taguig City, so keep it at hand. A mistake in the IBAN is harder to fix than it looks.

The amount you receive can be less than the amount sent. Charges on incoming payments differ from bank to bank – the price list of The Hongkong and Shanghai Banking Corporation LTD - Philippine Branch tells you what applies. For business payments, you can agree who bears the costs, so that nobody is left short.

A note on our data

The codes on this page come from publicly available data. It can happen that a code on this page is no longer current, for example after a merger. Counts and locations are from our own dataset and may differ from what The Hongkong and Shanghai Banking Corporation LTD - Philippine Branch publishes.

For any payment that matters, always confirm the BIC with the recipient’s bank or with the recipient. GoldexPay has no connection to The Hongkong and Shanghai Banking Corporation LTD - Philippine Branch, we only compare transfer services. If you notice something that is out of date, we appreciate a short note via the contact page.

Verifying the SWIFT code of The Hongkong and Shanghai Banking Corporation LTD - Philippine Branch

The safest source for the BIC is the recipient’s own bank details: an invoice, a bank statement or their online banking. If the code you have differs from HSBCPHMM or HSBCPHMMXXX, do not guess – contact the recipient or The Hongkong and Shanghai Banking Corporation LTD - Philippine Branch.

Mistakes in the BIC are costly more than fatal. An error in the IBAN or account number is more serious, because the money may be credited to someone else.

An automatic check in your banking app merely confirms that the IBAN exists. Some banks now check the payee name against the account before you confirm; take any warning seriously. A small test payment is worth it for a large first payment.

Sending money abroad from The Hongkong and Shanghai Banking Corporation LTD - Philippine Branch

If you transfer money abroad from The Hongkong and Shanghai Banking Corporation LTD - Philippine Branch, the visible fee is rarely all of what you pay. On top of a fixed fee, correspondent or intermediary banks may take a cut, and if currencies are converted, the bank usually applies a rate below the real market rate.

The real cost is often in the rate, rather than in the fee: many banks convert using an exchange rate that includes a margin. An easy check: put the rate you get next to the mid-market rate and look at the difference.

For a lot of currency pairs, a transfer service is cheaper than a bank, mainly because of the exchange rate. GoldexPay compares transfer providers side by side, showing the amount the recipient gets before you commit. Using a transfer service does not require leaving The Hongkong and Shanghai Banking Corporation LTD - Philippine Branch – you pay the provider from your own account.

Changed bank details? Be careful

Fraudsters often use payment requests containing new bank details sent from what looks like a familiar address. That HSBCPHMM is a real code is no guarantee that a request mentioning it is legitimate; criminals use the codes of real banks too.

Check new bank details via a different channel, not by replying to the message. Be suspicious of time pressure, odd spelling or an email address that differs by one letter. When money has already gone to the wrong account, call your bank right away.

Scams can also target the receiver. Someone sends more than agreed and wants you to return the extra. A payment confirmation from the sender proves nothing – check your own account.