What Is an IBAN and How Does Osome Handle International Payments for Hong Kong Companies?

An IBAN (International Bank Account Number) is used by many countries to identify bank accounts for international payments. It does not replace an account number but adds standardised information for overseas banks.

Hong Kong and IBAN

• Hong Kong banks do not issue IBANs.
• This is normal and not a limitation.

What to use instead

• SWIFT/BIC codes are used for international transfers involving Hong Kong accounts.
• Osome works with Hong Kong banking standards and ensures your records and payment details are set up correctly for cross-border transactions.