Wire transfer is the fastest mode of receiving money in your OCBC Wing Hang Bank (Hong Kong) account from abroad. You can receive money into your OCBC Wing Hang Bank account from a foreign country via International wire transfer. The transaction is initiated by the sender through a financial institution, however, you need to provide your banking details to the sender for successful transfer of money.

International Wire Transfer to OCBC Wing Hang Bank

International wire transfer is one of the fastest way to receive money from foreign countries. Banks use SWIFT network for exchanging messages required for performing international wire transfer. Usually, the receiving bank (in Hong Kong) and the sending bank (in other country) need to have a direct arrangement in place to start the swift transfer – this is sometimes referred to as correspondent banking.

Incoming International Wire Transfer Instructions

To receive international wire transfer in your OCBC Wing Hang Bank account, please provide the following wire instructions to the sending financial institution:

Bank Name:	OCBC Wing Hang Bank
SWIFT BIC Code for OCBC Wing Hang Bank:	For OCBC Wing Hang Bank, this code is WIHBHKHH
Beneficiary Account Number:	Your complete OCBC Wing Hang Bank account number (including leading zeros, if any)
Beneficiary Name:	The full name of your account as it appears on your statement
Beneficiary Address:	Your complete address

Note of Caution on Fees: If your money transfer involves currency conversion, there is a high chance you will get a poor exchange rate from the banks and as a result pay high hidden fees. We recommend services like TransferWise for getting best conversion rates and lower wire transfer fees.

Outgoing International Wire Transfer Instructions

To send international wire transfer from your OCBC Wing Hang Bank account, You need to know the following information about the person or company receiving the money:

1. The recipient’s account name and address
2. The recipient’s IBAN or account number
3. The name and address of recipient’s bank – including the BIC (Business Identifier Code) / SWIFT code / clearing code

Incoming Wire Transfer Fees for OCBC Wing Hang Bank Hong Kong

International Incoming Wire Transfer Fees for OCBC Wing Hang Bank is as follows:

Inward Remittance	Cost
Payments crediting into OCBC Wing Hang Bank customer’s account	HK$40
Payments to non-customers	HK$100

Outgoing Wire Transfer Fees for OCBC Wing Hang Bank Hong Kong

International Outgoing Wire Transfer Fees for OCBC Wing Hang Bank is as follows:

Outward Remittance	Cost
Over Counter	HK$200
via e-Banking	HK$100

Apart from the wire transfer fees, if the transfer involves currency conversion, banks make money on currency conversion as well by giving retail conversion rates to you which is usually 1-2% lower than the market rate. We recommend using services like TransferWise for getting best conversion rates with lower wire transfer fees.

Wire Transfer Cutoff Time for OCBC Wing Hang Bank Hong Kong

1. The Cut-off Times for OCBC Wing Hang Bank are as follows:

At Head Office	4:00 pm
At other bank branch	3:00 pm
Through eBanking Services	4:30 pm

2. Any requests received after cutoff time will normally be processed the next working day.