Hang Seng Bank SWIFT Code: HASEHKHH

Hang Seng Bank SWIFT Code: HASEHKHH

The SWIFT/BIC code for Hang Seng Bank is HASEHKHH. HASE identifies Hang Seng Bank, HK stands for Hong Kong, and HH is the location code. This code routes international wire transfers to Hang Seng Bank accounts.

Hang Seng Bank is the namesake of the Hang Seng Index, Hong Kong's main stock market benchmark. HSBC Holdings owns 62.14% of the bank. Hang Seng serves over 3.5 million customers and operates roughly 260 service outlets in Hong Kong.

HKD Transfers and the USD Peg

The Hong Kong dollar (HKD) is pegged to the US dollar within a narrow band of HKD 7.75 to 7.85 per USD under the Linked Exchange Rate System. This peg means HKD-USD conversions carry minimal spread, making Hong Kong transfers relatively predictable in cost.

Hang Seng processes incoming HKD wires through the CHATS (Clearing House Automated Transfer System) same-day. USD transfers settle within 1 business day given the peg relationship. The bank charges HKD 65 to HKD 200 for incoming international wires depending on currency.

Hang Seng Index and Retail Banking in Hong Kong

Hang Seng Bank compiles and maintains the Hang Seng Index, which tracks the 80 largest companies listed on the Hong Kong Stock Exchange. The bank's brand recognition from the index makes it one of the most trusted retail banks in the territory.

Hang Seng is a major processor of Mainland China-Hong Kong cross-border payments, including Stock Connect, Bond Connect, and trade settlement flows. The bank also handles a significant volume of CNH (offshore renminbi) transfers through Hong Kong's CNH clearing system.

How Slash fits in

Slash integrates with your Hang Seng Bank accounts to track HKD and multi-currency wire transfers. Cross-border payment flows between Hong Kong and Mainland China are captured with conversion detail for treasury reporting.