SWIFT/BIC code SECTCNB1601
SECTCNB1601 belongs to Samsung (China) Investment Co., LTD. in Tianjin, China.
Code details
| SWIFT/BIC code | SECTCNB1601 |
|---|---|
| 8-character code | SECTCNB1 |
| Branch code | 601 |
| Bank | Samsung (China) Investment Co., LTD. |
| Branch | Tsoe |
| City | Tianjin |
| Country | China |
How the Samsung (China) Investment Co., LTD. SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- SECT Bank code
- 4 letters that identify the bank.
- CN Country code
- 2 letters for the country (ISO 3166).
- B1 Location code
- 2 characters for the city or region of the head office.
- 601 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 uses BIC SECTCNB1601?
SECTCNB1601 identifies Tsoe, part of Samsung (China) Investment Co., LTD. in Tianjin, China. Use this branch code only when the recipient or their bank explicitly asks for it.
What does each part of SECTCNB1601 mean?
SECT is the institution code of Samsung (China) Investment Co., LTD., CN is the ISO code of China, B1 is the location code and 601 is the code of the branch Tsoe.
What do I need to send money to an account at Samsung (China) Investment Co., LTD.?
You need the SWIFT/BIC code SECTCNB1601, the account number or IBAN of the recipientand the name of the account holder. China is not part of SEPA, so the BIC is required.
What is the cheapest way to send money to Samsung (China) Investment Co., LTD.?
Many banks add 1–3% to the exchange rate on top of a fee. Compare what you receive in Chinese Yuan with specialist providers before you send.
How long does a transfer to Samsung (China) Investment Co., LTD. take in China?
A SWIFT payment usually takes 1–5 business days, depending on correspondent banks and time zones. Money transfer services are often faster than a bank.
Can I use SECTCNB1 instead of SECTCNB1601?
SECTCNB1 is the head office of Samsung (China) Investment Co., LTD., while SECTCNB1601 points to Tsoe. For a normal transfer the head office code is usually fine, but use SECTCNB1601 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.