Hitachi International Treasury LTD. SWIFT/BIC code

What HITLSGSG means for a payment to Hitachi International Treasury LTD.

If an invoice shows HITLSGSG or HITLSGSGXXX, you are looking at the same address for Hitachi International Treasury LTD. in Singapore. A SWIFT code tells the sending bank which institution should receive the money, a bit like a postal address for banks. In daily life you mostly come across it on invoices from abroad, in your banking app and in the bank details that Hitachi International Treasury LTD. provides.

On this page we explain what the code is put together, when you need it and which other details a transfer to or from Hitachi International Treasury LTD. requires. Keep in mind that the BIC only identifies the bank, not the person: the IBAN or account number takes care of that.

Where our SWIFT data comes from

We gather SWIFT/BIC codes from publicly available data and update them from time to time. Banks merge, change names and change codes – a directory can be a step behind. Figures such as the number of codes are from our own dataset and are not confirmed by Hitachi International Treasury LTD..

Treat our data as a starting point, not as the final word. GoldexPay is independent of Hitachi International Treasury LTD., we only compare transfer services. Should you notice a mistake, we appreciate a short note via the contact page.

How to check HITLSGSG before you pay

Ask the recipient to copy their account details directly from their online banking. Check that code against HITLSGSG on this page.

Mistakes in the SWIFT code tend to be costly rather than fatal: often the payment comes back, minus fees. An error in the IBAN or account number is more serious, so check that just as carefully.

An automatic check by your bank merely confirms that the code is valid. Where available, a name check on the recipient gives extra certainty. When you pay someone new, some people start with a small amount first before sending the rest.

Incoming international payments to Hitachi International Treasury LTD.

For a transfer from abroad into your account at Hitachi International Treasury LTD., the person paying you needs more than the BIC. That means: your full name as registered with Hitachi International Treasury LTD., your IBAN or account number, the SWIFT/BIC code HITLSGSGXXX (or HITLSGSG) and sometimes your postal address.

Their bank may also ask for the bank address of Hitachi International Treasury LTD.; the head office in Singapore is usually fine. Check each detail before you share them, because the sender’s bank usually copies them as is.

An incoming payment will not always arrive for the full amount. Charges on incoming payments vary from bank to bank – the price list of Hitachi International Treasury LTD. tells you what applies. For business payments, it is common to state who bears the costs to avoid a shortfall.

Scams that use SWIFT codes

One of the most common tricks goes like this: you receive a message claiming that a contact now has a new bank account. That HITLSGSG is a real code does not mean that a request mentioning it is legitimate – fraudsters use real bank codes as well.

Do not trust contact details from the same email that contains the new account. Pressure or requests to keep it quiet are warning signs. Already paid? Call the bank you paid from straight away and have them start a recall and report the fraud.

Scams also work the other way: someone sends more than agreed and asks you to return the extra via a different route. Wait until the money has really arrived and check with Hitachi International Treasury LTD. if anything seems off.

Transfer times and tracking a payment to Hitachi International Treasury LTD.

How fast a payment reaches Hitachi International Treasury LTD. depends on a few things: which currency you send, the number of banks in between, cut-off times and time zones. Bank holidays in the sending or receiving country can add extra days, since banks do not process on those days. Sometimes a bank asks what the payment is for, which can hold things up.

Many banks use SWIFT gpi. Every gpi transfer gets a unique transaction reference, the UETR, which your bank can use to see where the money is. Money transfer services usually provide a status online showing how far the payment is.

If the money does not arrive within the expected time, the sender needs to start with their own bank, not the receiving bank. As a recipient, it helps to check your statements for a partial amount.

Head office or branch code at Hitachi International Treasury LTD.?

Having 2 codes in 1 locations, Hitachi International Treasury LTD. belongs to the banks that register separate codes for branches. The main code remains HITLSGSGXXX.

Usually you do not need to look up a branch: transfers sent to HITLSGSGXXX reach Hitachi International Treasury LTD. without problems. If you have been given a specific code, stick to it rather than replacing it for the head office code.

Not sure which code to use? Check with the recipient, or look at a recent statement from Hitachi International Treasury LTD.. Codes for branches are more prone to be retired than HITLSGSGXXX when a bank merges or closes offices.

Singapore Dollar (SGD) and conversion costs

Singapore pays in the Singapore Dollar. Money sent in a different currency will be exchanged into SGD before it reaches the account. Each conversion eats into the amount, even when no fee is shown.

Who does the conversion has an effect on how much arrives. Sending the money directly in SGD usually prevents a second conversion at the receiving end – as long as your own rate is good.

The rate for SGD changes throughout the day. On larger amounts, a seemingly small difference in the rate can be worth more than the fee.

What the XXX in HITLSGSGXXX means

Every SWIFT/BIC code has the same eight core characters: a four-letter bank code, a two-letter country code and a two-character location code. For Hitachi International Treasury LTD., that core is HITLSGSG.

The 11-character version adds three more characters that identify a branch or department. If the last three are XXX, they simply mean the head office, which is why HITLSGSGXXX and HITLSGSG lead to the same place.

Type the code as one block, in upper case and without spaces. Look out for O versus 0 and I versus 1; they are easy to mix up.

What a transfer from Hitachi International Treasury LTD. abroad really costs

An international bank payment can cost rather more than the listed fee. There is the transfer fee, possibly charges from correspondent banks in between and, most importantly, the exchange rate markup if the currency changes.

Banks rarely show their exchange rate markup as a cost. An easy check: put the rate you get against the mid-market rate for the same moment and look at the difference.

For a lot of routes, a transfer service turns out to be less expensive than a bank – mostly thanks to the rate. GoldexPay compares transfer providers side by side so you can see the amount the recipient gets for the same amount sent. You can always keep your account at Hitachi International Treasury LTD..