The “código instituição financeira,” or financial institution code, for HSBC in Brazil is 399. This code is essential for various banking transactions, allowing identification of HSBC as the receiving bank. It’s analogous to a routing number or SWIFT code in other countries, though specifically tailored for the Brazilian banking system.
This code is used when making transfers, paying bills (boletos), and setting up direct debits to or from an HSBC account. When initiating a transfer (TED or DOC) to an HSBC account, the sender’s bank system will prompt for the institution code. Entering 399 ensures the funds are routed correctly to HSBC’s network within Brazil. Failing to provide the correct code can lead to delays, returned transfers, or even misdirected funds.
HSBC operates in Brazil under the name “HSBC Bank Brasil S.A. – Banco Múltiplo.” While the global HSBC brand is well-known, it’s crucial to use the Brazilian entity’s code, 399, for domestic transactions. This distinguishes it from HSBC operations in other countries, which would have different codes specific to their respective banking systems.
Using the correct financial institution code is not only essential for successful transactions but also contributes to the efficiency and security of the Brazilian financial system. It allows for automated processing and reduces the risk of manual errors that can occur when relying solely on account numbers. The code helps banks quickly identify the receiving institution and process transactions accordingly.
While 399 is the primary code, it’s always a good practice to double-check the specific requirements of the sending bank or payment system. Some platforms might have slightly different fields or terminology, but generally, any request for “código do banco,” “código da instituição,” or similar will require the 399 code for HSBC. For the most accurate and up-to-date information, consulting directly with HSBC Brasil’s customer service or checking their official website is recommended, especially if you encounter any discrepancies or unusual requests during a transaction. Remember to have the recipient’s full name, CPF/CNPJ (Brazilian tax ID), and correct account details on hand when performing any financial operation.
In conclusion, the “código instituição financeira” 399 is vital for conducting banking activities with HSBC Brasil. Using the correct code ensures smooth and secure financial transactions within the Brazilian banking framework.