Hinduja Bank (Switzerland) LTD SWIFT/BIC code

What ABSGCHGG means for a payment to Hinduja Bank (Switzerland) LTD

Whether you are given ABSGCHGG or ABSGCHGGXXX, you are looking at the identical address for Hinduja Bank (Switzerland) LTD in Switzerland. Every bank on the SWIFT network uses BIC codes to route payments between countries to the right bank. It comes up mostly for transfers between countries or a currency.

On this page you will find how the code means, when it matters and what else you need for a transfer to or from Hinduja Bank (Switzerland) LTD. The BIC names an institution, not a specific account.

Paying someone abroad from your Hinduja Bank (Switzerland) LTD account

If you transfer money abroad via Hinduja Bank (Switzerland) LTD, the visible fee is only part of the cost. There is the transfer fee, sometimes charges from correspondent banks along the way and, above all, the margin on the exchange rate if the currency changes.

Many banks do not list the margin on the rate separately. An easy check: set the bank’s rate against the mid-market rate and work out the difference on your amount.

Specialised transfer providers often offer rates closer to the mid-market rate. GoldexPay compares what recipients receive across providers, which makes the cheapest option easy to spot. Choosing a specialist does not require closing your account at Hinduja Bank (Switzerland) LTD: you simply pay the service from your account.

How to check ABSGCHGG before you pay

Ask the recipient to copy the bank details directly from a recent statement. Compare that code with ABSGCHGG here.

If the code is wrong, the payment might be delayed, bounce back or cost extra. Remember the IBAN: a mistake there is harder to correct than a wrong code.

Many banking apps validate the format of IBANs and some suggest the matching BIC, but that does not prove the account belongs to the right person. If your bank offers it, a name check on the recipient adds an extra layer of safety. Sending a small amount first is a sensible step for a large first payment.

Sending CHF to Hinduja Bank (Switzerland) LTD

Switzerland uses the Swiss Franc, code CHF. When you pay another currency has to be converted somewhere along the way – by your bank, by Hinduja Bank (Switzerland) LTD or by a bank in between. Each conversion costs the amount, even when no fee is shown.

Where the conversion happens has an effect on the final amount, as rates and margins differ per bank. Transferring the money directly in CHF often avoids a second conversion.

The CHF rate fluctuates throughout the day, so the amount you see is usually only valid for a short time. For recurring payments, a slightly better rate add up over a year.

Euro transfers to Hinduja Bank (Switzerland) LTD: is a BIC needed?

Inside SEPA, euro transfers to an account in Switzerland follow the same rules and in most cases need only the IBAN. A field for the BIC is usually optional or missing for those payments.

Outside the euro and from non-SEPA countries, ABSGCHGGXXX or ABSGCHGG is still required. A few forms still ask for the BIC out of habit; in that case, enter ABSGCHGG.

Euro payments within SEPA usually arrive within one business day, and instant transfers in seconds where both banks support them. Charges on SEPA payments are generally low.

Choosing between the 2 SWIFT codes of Hinduja Bank (Switzerland) LTD

Our database contains 2 SWIFT/BIC codes for Hinduja Bank (Switzerland) LTD in 2 places. Besides the head office code ABSGCHGGXXX, you will find codes for branches, departments or specific services.

If nobody asks you for a branch code, use ABSGCHGGXXX or its short form ABSGCHGG. Just use a branch code when your contact explicitly asks for it, for example on a letter or invoice.

Not sure which code applies? Ask the recipient or the bank itself. Branch codes are sometimes changed or retired over time.

Where our SWIFT data comes from

We gather SWIFT/BIC codes using publicly available data and update them regularly. Even so, banks merge or change codes and our data may lag behind. Figures such as the number of codes come from our own dataset and are not confirmed by Hinduja Bank (Switzerland) LTD.

Treat our data as a reference, not as the final word – the bank details from the recipient are leading. We are a comparison site for money transfers and not part of Hinduja Bank (Switzerland) LTD. If you notice something that is out of date, we welcome a short note via the contact page.

ABSGCHGG or ABSGCHGGXXX – which one to use?

A SWIFT code is made up of fixed blocks: the first four letters identify the bank, characters five and six give the country and the two after that indicate the location. In this case, that core is ABSGCHGG.

XXX at the end of ABSGCHGGXXX is not a placeholder or an error: it indicates the main office of Hinduja Bank (Switzerland) LTD. Some banking apps ask for 11 characters, and then you simply enter XXX behind ABSGCHGG.

As a rule the code is written in capitals, without spaces or dashes. Copying the code is safer than typing it by hand.

Scams that use SWIFT codes

A common scam goes like this: you receive a request saying that a company now has new bank details. The fact that ABSGCHGG exists is no guarantee that a request mentioning it is legitimate; criminals use the codes of real banks too.

Do not trust contact details from the same email that announces the new account. Be suspicious of time pressure, odd spelling or a sender address that is slightly off. Acted too fast? Call your bank without delay and ask them to start a recall.

Recipients can be targeted as well: one known trick is an overpayment followed by a request to send back the difference. Do not act before the money has really arrived.

Getting paid from abroad into a Hinduja Bank (Switzerland) LTD account

Someone abroad who wants to pay you will ask for several details from you – incomplete details often cause delays. Give them the account holder’s name, the IBAN or account number, SWIFT code ABSGCHGGXXX and your address.

Some banks also ask for the name and address of Hinduja Bank (Switzerland) LTD in Geneva, so keep it at hand. A mistake in your account number can be harder to fix than you might think.

Do not be surprised if the incoming amount is smaller than the amount on the sender’s receipt. Fees for incoming transfers vary from bank to bank. Agree with the sender who covers the fees, especially for larger amounts.

Tracking a transfer to or from Hinduja Bank (Switzerland) LTD

There is no single answer for every transfer: some land within a day while others need several business days. Weekends and public holidays in either country can add a day or more. Sometimes a bank wants to know what the payment is for before releasing it.

When a payment takes longer than expected, ask the sending bank about the status. Specialist transfer services often show tracking online so you can see where the payment is.

A delayed transfer has to be investigated by the sending bank on the basis of the transfer details. On the receiving end, it helps to check your account for a partial amount because fees can reduce the amount.