Guide to HKD Transfers from Aspire USD Account

What payment methods are used for HKD transfers?

HKD payments sent to Hong Kong are paid out locally via CHATS.
HKD payments sent to other countries are paid out via SWIFT.

You can send HKD payments to individual and business accounts.

CHATS transfers are typically processed within one business day, while SWIFT transfers typically take up to 5 business days to process.

CHATS: For HKD transfers sent through CHATS, our payment partner, CurrencyCloud's local payout partner's name, will be reflected as the sender's name.
SWIFT: For HKD transfers sent through SWIFT, the ultimate sender's (i.e., Aspire client) name will be reflected as the sender's name.

We accept BIC SWIFT codes with 8 or 11 alphanumeric characters.

BIC SWIFT must be used when sending payments to any country except the USA. When sending to the USA, ABA must be used.

Accepted characters of Account Numbers are 1-50 alphanumeric characters.
Payment Reference only supports 200 alphanumeric characters. The reference field will be truncated to fit this limit.
Non-ASCII characters will be converted to their ASCII equivalents or removed, to the best of our ability, in order to comply with the limitations of the domestic payment system.

Beneficiary Postcode (1-12 characters) and Beneficiary State or Province (1 - 255 characters) will be required when you are sending payments to Canada, Mexico and the USA.
Payer Postcode (1-12 characters) and Payer State or Province (1 - 255 characters) will be required when you are sending payments to Canada, Mexico and the USA.
IBAN (15-34 alphanumeric characters with space permitted) must be used when sending payments to all IBAN countries. When sending to non-IBAN countries, an account number must be used.
Account numbers must be used when sending payments to non-IBAN countries. IBAN must be used when sending to all IBAN countries.
CLABE (18 digits) must be used instead of Account Number or IBAN when sending payments to Mexico.
ABA: American banks are identified by a 9-digit ABA number, known as the ‘Routing Number’. The ABA should be valid for FedWIRE payments. Some ABA values are only valid for FedACH payments. Payments to FedACH-only ABAs will fail. The ABA is required for all payments to the USA.
Payment Reference with over 132 characters will be truncated.
Payment Reason stated in the MT103 is appended after the payment reference, if there is space remaining.
Any characters not supported will be converted to EBCDIC equivalent or removed to comply with SWIFT payment network restrictions. The SWIFT network permits the use of letters, numbers, spaces, and the following symbols: / – ? : ( ) . , ‘ +.

To send funds from your Aspire USD account to your Aspire HKD Cards account, follow the steps below:

Ensure that your Aspire USD account is activated. Once it is activated, the USD account will be available on your home page.
Click on USD account and can view ‘Make a Transfer’.
Then, select the recipient by clicking on ‘New recipient’
Next, Select the currency as HKD
Enter recipient details for your HKD account
1. Account Holder full name: [Customer’s name]
2. Bank Country: Hong Kong
3. Recipient type: Company
4. Mode of Transfer: Local Bank Transfers
5. Address, City: [Provide your company’s address details]
6. Account number: [Enter your HKD account number]*
7. SWIFT/BIC: DHBKHKHH
8. Bank: 016
Click 'Continue'. Enter the amount to be transferred and click on ‘Next’ to complete the transfer**

Notes:

*Here is how to get your HKD Account number:
- Go to your HK account
- Click on 'Add Funds'
- Copy ‘Account Number’
**There are no SWIFT fees charged for the transaction. However, the only cost incurred will be the FX conversion fee applicable to the currency exchange.

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