SWIFT/BIC code PUSBKR2PSEL
PUSBKR2PSEL belongs to Busan Bank in Seoul, South Korea.
Code details
| SWIFT/BIC code | PUSBKR2PSEL |
|---|---|
| 8-character code | PUSBKR2P |
| Branch code | SEL |
| Bank | Busan Bank |
| Branch | Seoul Branch |
| City | Seoul |
| Country | South Korea |
The way the Busan Bank SWIFT/BIC is structured
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- PUSB Bank code
- 4 letters that identify the bank.
- KR Country code
- 2 letters for the country (ISO 3166).
- 2P Location code
- 2 characters for the city or region of the head office.
- SEL 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
Which bank is behind SWIFT code PUSBKR2PSEL?
The code PUSBKR2PSEL belongs to Seoul Branch, a branch or department of Busan Bank in Seoul, South Korea. Use this branch code only when the recipient or their bank explicitly asks for it.
How long does a transfer to Busan Bank take in South Korea?
A SWIFT payment usually takes 2–5 business days, because of correspondent banks and time zones. Specialist transfer services are often quicker and cheaper.
What do I need for a transfer to an account at Busan Bank?
Have ready the SWIFT/BIC code PUSBKR2PSEL, the account number or IBAN of the recipientand the name of the account holder. South Korea uses international SWIFT transfers, so always include the BIC.
What is the cheapest way to send money to Busan Bank?
Many banks add 1–3% to the exchange rate on top of a fee. Compare the amount that arrives in South Korea with specialist providers before you send – the difference can be large.
What happens if I use PUSBKR2PSEL incorrectly?
Your transfer can bounce, get stuck or cost extra. Always check PUSBKR2PSEL with the recipient before you confirm.
Can I use PUSBKR2P instead of PUSBKR2PSEL?
PUSBKR2P points to the main office of Busan Bank, while PUSBKR2PSEL is Seoul Branch. Most international transfers work with the head office code, but use PUSBKR2PSEL if the recipient asks for it.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.