To be able to wire money internationally through your hsbc account, you need to have HSBC Swift code before any transaction can go through.
Is through swift code or BIC code that a bank can be identified especially during international wire transfer.
What is Swift Code
A SWIFT code is an international bank code that identifies particular banks worldwide. It’s also known as a Bank Identifier Code (BIC). Hsbc uses SWIFT codes to send money to overseas banks.
Swift code and BIC codes are the same thing and the terms are interchangeable. Other terms used by banks overseas include:
CHIPS (Clearing House Inter-Bank Payment System) – US and Canada only
NCC (National Clearing Code)
BSC (Bank Sort Code)
IFSC (Indian Financial System Code).
If you’re sending money to someone overseas, you’ll need to get the recipients SWIFT in order to do the transfer.
The Swift code consists of 8 or 11 characters. When 8-digits code is given, it refers to the primary office. The code formatted as below;
AAAA BB CC DDD
First 4 characters – bank code (only letters)
Next 2 characters – ISO 3166-1 alpha-2 country code (only letters)
Next 2 characters – location code (letters and digits) (passive participant will have “1” in the second character)
Last 3 characters – branch code, optional (‘XXX’ for primary office) (letters and digits)
HSBC Swift Code
So you are making an international transfer or receiving money outside the uk, you definitely need hsbc swift code for it to go through. Swift code for hsbc bank goes below;
Bank Name HSBC Bank PLC
SWIFT/BIC Code for HSBC HBUKGB4105K
Bank address 8 Canada Square, 13 E04 01, London, United Kingdom, E14 5HQ
Beneficiary Account Number Complete HSBC bank account number of the recipient (don’t forget to include leading zeros)
Beneficiary Name The name of recipient’s account as it appears on a bank statement
If you want to send or receive money internationally you’re first off going to need a SWIFT code/BIC. This makes sure that the money being transferred makes it to the right bank. However you’ll then need more information to show which exact account within the bank your money should land in.
If you’re sending money to any of the EU countries plus Norway, Switzerland, Liechtenstein and Hungary, you’ll need an IBAN. This code, which stands for International Bank Account Number, identifies the country the account is in, the bank, and the account number.
In the United States, you might also hear about routing numbers which are similar to SWIFT codes. However, routing numbers are only used for bank transfers within the US, unlike SWIFT codes which tend to be used for international money transfers.
So hsbc swift code is HBUKGB4105K though it differs from hsbc branch to the others.