SWIFT/BIC code SECTCNB16J1
SECTCNB16J1 belongs to Samsung (China) Investment Co., LTD. in Suzhou, China.
Code details
| SWIFT/BIC code | SECTCNB16J1 |
|---|---|
| 8-character code | SECTCNB1 |
| Branch code | 6J1 |
| Bank | Samsung (China) Investment Co., LTD. |
| Branch | — |
| City | Suzhou |
| Country | China |
How the Samsung (China) Investment Co., LTD. SWIFT/BIC is built up
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.
- 6J1 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 BIC SECTCNB16J1?
SECTCNB16J1 identifies Samsung (China) Investment Co., LTD., a branch or department of Samsung (China) Investment Co., LTD. in Suzhou, China. Use this branch code only when the account is held at this specific branch.
What happens if I enter SECTCNB16J1 incorrectly?
Your transfer can bounce, get stuck or cost extra. Always check SECTCNB16J1 against the details from Samsung (China) Investment Co., LTD. before you confirm.
What is the best way to send money to Samsung (China) Investment Co., LTD. in China?
Many banks add 1–3% to the exchange rate on top of a fee. Check what you receive in Chinese Yuan with transfer services before you send – the difference can be large.
How long does it take to send money to Samsung (China) Investment Co., LTD. in China?
A SWIFT payment usually takes 1–5 business days, because of intermediary banks and cut-off times. Money transfer services are often faster than a bank.
What do the letters in SECTCNB16J1 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 6J1 identifies the department Samsung (China) Investment Co., LTD..
What do I need for a transfer to an account at Samsung (China) Investment Co., LTD.?
You need the SWIFT/BIC code SECTCNB16J1, the account number or IBAN of the recipient, their full name and address. China is not part of SEPA, so the BIC is required.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.