Horizon Asset Management SWIFT/BIC code

HOAMUS51 – the SWIFT/BIC code of Horizon Asset Management

HOAMUS51 and HOAMUS51XXX are two ways of writing the same bank identifier, and both lead to Horizon Asset Management in Denver,co. The code has a single purpose: it ensures that money from abroad reaches the right bank. It comes up mostly for transfers between countries and payments in foreign currencies.

On this page you can read how the code is put together, when it matters and which other details a transfer to or from Horizon Asset Management requires. The SWIFT code on its own does not identify a personal account; for that you need the IBAN or account number .

What a transfer from Horizon Asset Management abroad really costs

The price of an international transfer is made up of several parts, and the transfer fee is only the most visible one. You pay the fee for the transfer itself, sometimes charges from correspondent banks along the way and, above all, the exchange rate markup.

Most of the cost usually sits in the exchange rate: many banks convert at a rate with a margin built in. An easy check: put the rate you get against the mid-market rate and look at the difference.

For a lot of currency pairs, a specialist provider turns out to be cheaper than a bank – mostly thanks to the rate. GoldexPay compares these services next to each other, showing what actually arrives for the same amount sent. Choosing a specialist does not require closing your account at Horizon Asset Management.

US Dollar (USD) and conversion costs

Most accounts at Horizon Asset Management are typically held in USD, the local currency. Money sent in a different currency is exchanged into USD on its way to Horizon Asset Management, and whoever converts it chooses the rate. Each conversion costs the amount – usually through the rate rather than a fee.

Which bank converts the payment matters: every bank has its own margin. In many cases it is cheaper if you send USD straight away via a provider with a good rate rather than letting the receiving bank convert.

The USD rate fluctuates constantly and quotes are often valid only for a short time. For regular payments, a slightly better rate add up over time.

Is HOAMUS51 still correct? How to check

The best place to find the correct BIC remains paperwork issued by the bank, such as a statement or the account details in online banking. If the code you have does not match HOAMUS51 or HOAMUS51XXX, stop and ask: check with the recipient or with Horizon Asset Management directly.

An incorrect BIC may lead to delays, a payment being sent back or additional charges along the way. Do not forget the IBAN: an error there is more difficult to correct than a wrong BIC.

An automatic check by your bank only confirms that the code is valid. More and more banks compare the name with the account before you confirm; take any warning seriously. When you pay someone new, many people send a small test amount and wait for confirmation.

Which of the 2 codes of Horizon Asset Management do you need?

With 2 codes, Horizon Asset Management is one of the banks that use individual codes for parts of the organisation. The main code remains HOAMUS51XXX.

If nobody asks you for a branch code, go with HOAMUS51XXX. Only use a branch code when the account holder explicitly asks for it.

The best way is to copy the code directly from the account holder’s bank details. Codes for branches are more prone to be retired than the head office code.

What to give a sender who pays you at Horizon Asset Management

When you are waiting for money from abroad, send the payer a complete set of details. What they need is: your name, account number or IBAN, HOAMUS51XXX or HOAMUS51 and often your home address.

The sender’s bank may request the bank address of Horizon Asset Management, in which case the Denver,co head office is the usual answer. Double-check the details before you share them – a sender rarely spots a mistake in someone else’s details.

Money from abroad does not always land in full. Charges on incoming payments vary per bank; check the price list of Horizon Asset Management. Agree with the sender who pays which costs, especially for larger amounts.

Where our SWIFT data comes from

Our SWIFT/BIC directory is compiled from publicly available sources and is updated regularly. Banks merge, close branches and change codes – a directory can be a step behind. The number of codes we show are based on our own data.

Before any payment of any size, confirm the code with the recipient’s bank or the recipient. GoldexPay is not affiliated with Horizon Asset Management. Found outdated information? Tell us through the contact page.

Watch out for payment fraud

Scammers often use payment requests with new bank details sent from what looks like a familiar address. A real SWIFT code says nothing about who owns the account.

Check new payment details through a different channel, such as a phone number you already know, never via the email that asked for the change. Urgency or requests to keep it quiet tend to be warning signs – a real supplier can wait a day. Already paid? Call your bank straight away and ask them to try to recall the payment.

Scams also work the other way: someone claims to have sent more than agreed and wants you to refund the difference to a new account. A payment confirmation from the sender proves nothing; only your own account shows what has arrived.

8 or 11 characters: HOAMUS51 versus HOAMUS51XXX

The structure of every SWIFT code never changes: four characters for the institution, two for the country and two for the location, sometimes followed by a branch code. For Horizon Asset Management, that core is HOAMUS51.

Many payment forms work with both lengths. If a form requires eleven characters, use HOAMUS51XXX.

Do not add spaces or dashes when you enter HOAMUS51 or HOAMUS51XXX. A wrong letter may route a payment to another bank.

How long does an international transfer to Horizon Asset Management take?

There is no fixed delivery time: many arrive within a day while others need several business days. Weekends and public holidays in either country add extra days. Occasionally a bank asks about the purpose of a payment, which can hold things up.

A growing number of banks use SWIFT gpi for faster and traceable payments. Every payment gets a unique reference, the UETR. Money transfer services often show a status online showing how far the money is.

A delayed transfer is investigated from the sending side on the basis of the transfer details. Ask the sender for the payment receipt including the reference; that often settles the question quickly.