bank of east asia.,limited

The Bank of East Asia Limited, often abbreviated to BEA, is a Hong Kong public banking and financial services company headquartered in Central, Hong Kong. It is currently the largest independent local Hong Kong bank, and one of two remaining family-run Hong Kong banks, with the other being Dah Sing Bank. It continues to be run by the 3rd and 4th generations of the Li family.[2]

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bank of east asia.,limited SWIFT Code

Country

City

Bank or Institution

SWIFT Code

China

DEASHKHH

Total: 1
1

About bank of east asia.,limited

Company type
Public
Industry
Finance
Founded
Incorporated on 14 November 1918 ; 106 years ago ( 1918-11-14 ) Officially opened on 4 January 1919 ; 106 years ago ( 1919-01-04 )
Headquarters
10 Des Voeux Road Central , Central , Hong Kong
Key people
Sir David K.P. Li ( Executive Chairman ) Adrian M.K. Li (Co-Chief Executive Officer) Brian M.B. Li (Co-Chief Executive Officer)
Products
Financial services consumer banking corporate banking investment banking private banking
Website
hkbea.com

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What is a SWIFT code?

A SWIFT code is an 8 or 11 character code used in banking to facilitate transactions and identify the bank.

What is the purpose of a SWIFT code in international transactions?

SWIFT codes are used to route international financial transactions to the correct bank and branch. It facilitates the smooth and accurate transfer of funds between different banks and countries, ensuring that the transactions are processed correctly and securely.

How do I find my bank's SWIFT code?

You can find your bank's SWIFT/BIC code in the statements of your bank account. You can also use our SWIFT/BIC finder to get the right code for your transfer.

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Frequently Asked Questions

1. Why does bank of east asia.,limited have different SWIFT Codes?

bank of east asia.,limited operates differently across various countries, regions, and branches, with variations in business operations and clearing paths. To accurately identify and process bank of east asia.,limited's cross-border payments and other transactions, different SWIFT Codes are used for distinction. Many large multinational banks have unique SWIFT Codes to their headquarters, regional branches, and overseas subsidiaries to ensure precise and secure fund transactions.

2. How do I know which SWIFT Code of bank of east asia.,limited to use in a transfer?

It depends on the specific business scenario. For cross-border remittance to a branch of bank of east asia.,limited, you can log on to the official website of bank of east asia.,limited, or search the current page of XTransfer, or call bank of east asia.,limited to inquire about the SWIFT Code of the branch. For international business, you should first coordinate with the relevant branch in the target country and confirm the correct SWIFT Code based on the exact information provided by your business partner.

3. Is there any pattern in the composition of different SWIFT Codes for a multinational bank like bank of east asia.,limited?

Usually, SWIFT Code consists of 8 or 11 characters. For bank of east asia.,limited, the first 4 digits represent the bank code, which is the same for bank of east asia.,limited worldwide; the 5th and 6th digits are the country code; and the 7th and 8th digits are the region code, which will be different for branches in various regions. If the code includes 11 digits, the last 3 digits represent the branch code, which is used to distinguish different branches within the same region.

4. Will the SWIFT Code for bank of east asia.,limited be updated or changed?

Yes. When bank of east asia.,limited undergoes an organizational restructuring, such as a branch relocation, merger or split, or when there is a significant change in the financial system of the region where bank of east asia.,limited is located, its SWIFT Code may be updated and changed. bank of east asia.,limited will announce the changes in advance through its official website, mobile banking APP and other channels. Therefore, when handling cross-border business, customers should pay attention to the announcement of bank of east asia.,limited in time to confirm the latest SWIFT Code information, so as to avoid affecting the business.

5. Do different SWIFT Codes of bank of east asia.,limited support the same scope of business?

The scope of business is different. While the same bank can operate with different SWIFT Codes for the same basic types of business, there are differences for some specialized businesses or for businesses in specific regions. For example, the SWIFT Code of some branches may be specialized to support trade finance business, while the SWIFT Code of other branches is more convenient for cross-border e-commerce collection. In addition, for some emerging markets or country-specific business, only the SWIFT Code of a particular branch may have the authority to process it. When conducting international business, it is important to check whether the SWIFT Code of bank of east asia.,limited supports the corresponding business.