SWIFT/BIC code SECTCNB16Q0
SECTCNB16Q0 belongs to Samsung (China) Investment Co., LTD. in Hangzhou, China.
Code details
| SWIFT/BIC code | SECTCNB16Q0 |
|---|---|
| 8-character code | SECTCNB1 |
| Branch code | 6Q0 |
| Bank | Samsung (China) Investment Co., LTD. |
| Branch | Sscr |
| City | Hangzhou |
| 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.
- 6Q0 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 branch is behind SWIFT/BIC code SECTCNB16Q0?
The code SECTCNB16Q0 belongs to Sscr, a unit of Samsung (China) Investment Co., LTD. in Hangzhou, China. Only use it if the account is held at this specific branch.
How long does it take to send money to Samsung (China) Investment Co., LTD. in China?
An international SWIFT transfer typically takes 1–5 business days, because of correspondent banks and time zones. Money transfer services are often faster and cheaper.
What do the letters in SECTCNB16Q0 stand for?
SECT is the institution code of Samsung (China) Investment Co., LTD., CN stands for China, B1 is the code for the city or region and 6Q0 is the code of the department Sscr.
Which details do I need for a transfer to an account at Samsung (China) Investment Co., LTD.?
Have ready the SWIFT/BIC code SECTCNB16Q0, the IBAN or local account number of the recipient, their full name and address. China is not part of SEPA, so always include the BIC.
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 transfer services before you send.
Can I use SECTCNB1 instead of SECTCNB16Q0?
SECTCNB1 is the head office of Samsung (China) Investment Co., LTD., while SECTCNB16Q0 is Sscr. For a normal transfer the head office code is usually fine, but follow the instructions of the recipient if they mention SECTCNB16Q0.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.