SWIFT/BIC code MGCOKRS1XXX
MGCOKRS1XXX belongs to Morgan Grenfell in Seoul, South Korea.
Code details
| SWIFT/BIC code | MGCOKRS1XXX |
|---|---|
| 8-character code | MGCOKRS1 |
| Branch code | XXX |
| Bank | Morgan Grenfell |
| Branch | Head office |
| City | Seoul |
| Country | South Korea |
The way the Morgan Grenfell SWIFT/BIC is built up
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- MGCO 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 uses SWIFT/BIC code MGCOKRS1XXX?
MGCOKRS1XXX identifies the headquarters of Morgan Grenfell in Seoul, South Korea. Use it when a payment to Morgan Grenfell does not need a specific branch.
What happens if I enter MGCOKRS1XXX incorrectly?
Your transfer can bounce, get stuck or cost extra. Double-check MGCOKRS1XXX with the recipient before you confirm.
Is MGCOKRS1 and MGCOKRS1XXX the same code?
Yes. MGCOKRS1 is the 8-character version of MGCOKRS1XXX. XXX simply refers to the head office, so either version will reach Morgan Grenfell in Seoul.
What is the best way to send money to Morgan Grenfell in South Korea?
Many banks add several percent to the exchange rate on top of a fee. Compare what you receive in South Korea with transfer services before you send.
How long does it take to send money to Morgan Grenfell in South Korea?
A SWIFT payment usually takes 2–5 business days, depending on correspondent banks and time zones. Specialist transfer services are often quicker than a bank.
What does each part of MGCOKRS1XXX stand for?
MGCO is the bank code of Morgan Grenfell, KR is the ISO code of South Korea, S1 is the code for the city or region and XXX marks the main office.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.