SWIFT/BIC code SECTCNB1620
SECTCNB1620 belongs to Samsung (China) Investment Co., LTD. in Suzhou, China.
Code details
| SWIFT/BIC code | SECTCNB1620 |
|---|---|
| 8-character code | SECTCNB1 |
| Branch code | 620 |
| Bank | Samsung (China) Investment Co., LTD. |
| Branch | Ssec |
| City | Suzhou |
| Country | China |
The way the Samsung (China) Investment Co., LTD. SWIFT/BIC is structured
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.
- 620 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 SWIFT/BIC code SECTCNB1620?
The code SECTCNB1620 belongs to Ssec, part of Samsung (China) Investment Co., LTD. in Suzhou, China. Use this branch code only when the account is held at this specific branch.
How long does it take to send money to Samsung (China) Investment Co., LTD. in China?
A SWIFT payment typically takes 2–5 business days, depending on correspondent banks and time zones. Money transfer services are often faster than a bank.
What do I need for a transfer to an account at Samsung (China) Investment Co., LTD.?
You need the SWIFT/BIC code SECTCNB1620, the IBAN or local account number of the recipient, their full name and address. China is not part of SEPA, so the BIC is required.
What does each part of SECTCNB1620 stand for?
SECT is the bank code of Samsung (China) Investment Co., LTD., CN is the ISO code of China, B1 is the location code and 620 is the code of the branch Ssec.
Can I use SECTCNB1 instead of SECTCNB1620?
SECTCNB1 points to the head office of Samsung (China) Investment Co., LTD., while SECTCNB1620 is Ssec. For a normal transfer the head office code is usually fine, but follow the instructions of the recipient if they mention SECTCNB1620.
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 – the difference can be large.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.