SWIFT/BIC code KFTCKRS1XXX
KFTCKRS1XXX belongs to Korea Financial Telecommunications and Clearing Institute in Seoul, South Korea.
Code details
| SWIFT/BIC code | KFTCKRS1XXX |
|---|---|
| 8-character code | KFTCKRS1 |
| Branch code | XXX |
| Bank | Korea Financial Telecommunications and Clearing Institute |
| Branch | Head office |
| City | Seoul |
| Country | South Korea |
The way the Korea Financial Telecommunications and Clearing Institute SWIFT/BIC is structured
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- KFTC Bank code
- 4 letters that identify the bank.
- KR Country code
- 2 letters for the country (ISO 3166).
- S1 Location code
- 2 characters for the city or region of the head office.
- XXX Branch code
- 3 characters for a specific branch. XXX means the head office.
Check before you send
- Ask the recipient which bank and branch the account is held at.
- Use the head office code (XXX) when no branch is specified.
- Make sure the country in the code matches the country of the account.
Frequently asked questions
What bank is behind BIC KFTCKRS1XXX?
The code KFTCKRS1XXX belongs to the headquarters of Korea Financial Telecommunications and Clearing Institute in Seoul, South Korea. It is the code to use when a payment to Korea Financial Telecommunications and Clearing Institute does not need a specific branch.
How long does it take to send money to Korea Financial Telecommunications and Clearing Institute?
An international SWIFT transfer typically takes 1–5 business days, because of correspondent banks and time zones. Money transfer services are often quicker than a bank.
What does each part of KFTCKRS1XXX stand for?
KFTC is the bank code of Korea Financial Telecommunications and Clearing Institute, KR stands for South Korea, S1 is the location code and XXX marks the main office.
Is KFTCKRS1 and KFTCKRS1XXX the same code?
Yes, they are. KFTCKRS1 is the 8-character version of KFTCKRS1XXX. The XXX at the end only refers to the head office, so either version will reach Korea Financial Telecommunications and Clearing Institute in Seoul.
What do I need to send money to an account at Korea Financial Telecommunications and Clearing Institute?
Have ready the SWIFT/BIC code KFTCKRS1XXX, the account number or IBAN of the recipientand the name of the account holder. South Korea is not part of SEPA, so the BIC is required.
Does Korea Financial Telecommunications and Clearing Institute use only one SWIFT/BIC code?
Yes, KFTCKRS1XXX is the only SWIFT/BIC code listed for Korea Financial Telecommunications and Clearing Institute in South Korea, so there is no branch code to choose.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.