Have you ever struggled with sending money to Hong Leong Bank Berhad in Malaysia, unsure which SWIFT code to use? This comprehensive guide will provide all the necessary information to ensure your cross-border transactions proceed smoothly.
Understanding SWIFT Codes and Their Importance
A SWIFT code (also known as a BIC code) serves as a bank's international identification, used to identify specific financial institutions and branches in global money transfers. Functioning like a postal code, it ensures your funds reach the intended recipient's bank accurately. An incorrect SWIFT code may result in delayed, returned, or even lost transfers, creating unnecessary complications and potential financial losses.
Hong Leong Bank Berhad's Primary SWIFT Code
The primary SWIFT code for Hong Leong Bank Berhad is HLBBMYKLXXX . This is the most commonly used code for international transfers. However, depending on the specific service or recipient's branch, different SWIFT codes might be required. Always verify the correct code with the recipient or Hong Leong Bank before initiating any transfer.
Key details about the primary SWIFT code:
- Bank Name: HONG LEONG BANK BERHAD
- SWIFT Code: HLBBMYKLXXX
- Bank Address: FLOOR 18, MENARA HONG LEONG, 6, JALAN DAMANLELA, BUKIT DAMANSARA
- City: KUALA LUMPUR
- Country: MALAYSIA
When to Use the Primary SWIFT Code HLBBMYKLXXX
You can confidently use the primary SWIFT code HLBBMYKLXXX in these situations:
- When sending money to Hong Leong Bank in Malaysia
- When the recipient hasn't provided a specific branch SWIFT code
- When Hong Leong Bank processes all international payments through its headquarters
- When you need a widely accepted default SWIFT code
Essential Verification Before Transfer
Before initiating any SWIFT transfer, carefully verify these details to ensure your funds reach the intended recipient safely:
- SWIFT Code: Must exactly match the code provided by the recipient's bank
- Account Number: Every digit must be correct
- Recipient Name: Must precisely match the name on the bank account
Even minor errors can cause delays or failed transfers. If you discover any mistakes after sending funds, contact your bank immediately for assistance.
Receiving International Transfers at Hong Leong Bank
To receive international funds in your Hong Leong Bank account, provide these details to the sender:
- SWIFT Code: HLBBMYKLXXX (or specific branch code if provided)
- Account Number: Your Hong Leong Bank account number
- Bank Name: HONG LEONG BANK BERHAD
- Your Name: Exactly as it appears on your bank account
- Your Address: Exactly as it appears on your bank account
Frequently Asked Questions
Where can I find SWIFT codes for specific Hong Leong Bank branches?
Contact Hong Leong Bank's customer service or visit their official website for branch-specific codes.
What happens if I use the wrong SWIFT code?
Your transfer may be delayed, returned, or lost. Contact your bank immediately if this occurs.
How long do SWIFT transfers take?
Typically 1-5 business days, depending on processing times at sending, receiving, and intermediary banks.
What are the fees for SWIFT transfers?
Costs vary by bank and typically include sending fees, intermediary bank charges, and receiving bank fees.
Conclusion
This guide provides complete information about Hong Leong Bank Berhad's SWIFT code for international money transfers. Always verify all details before sending funds to ensure secure and accurate transactions. For any questions, consult with Hong Leong Bank's customer service representatives.