SWIFT/BIC code SITAKRS1XXX
SITAKRS1XXX belongs to Samsung Asset Management Co., LTD. in Seoul, South Korea.
Code details
| SWIFT/BIC code | SITAKRS1XXX |
|---|---|
| 8-character code | SITAKRS1 |
| Branch code | XXX |
| Bank | Samsung Asset Management Co., LTD. |
| Branch | Head office |
| City | Seoul |
| Country | South Korea |
How the Samsung Asset Management Co., LTD. SWIFT/BIC is built up
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- SITA Bank code
- 4 letters that identify the bank.
- KR Country code
- 2 letters for the country (ISO 3166).
- S1 Location code
- 2 characters for the city or region of the head office.
- XXX 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
What bank is behind BIC SITAKRS1XXX?
The code SITAKRS1XXX belongs to the headquarters of Samsung Asset Management Co., LTD. in Seoul, South Korea. Use it when a payment to Samsung Asset Management Co., LTD. does not need a specific branch.
Which details do I need for a transfer to an account at Samsung Asset Management Co., LTD.?
Have ready the SWIFT/BIC code SITAKRS1XXX, the account number or IBAN of the recipientand the name of the account holder. South Korea uses international SWIFT transfers, so the BIC is required.
What do the letters in SITAKRS1XXX mean?
SITA is the institution code of Samsung Asset Management Co., LTD., KR stands for South Korea, S1 is the code for the city or region and XXX marks the head office.
How long does a transfer to Samsung Asset Management Co., LTD. take?
An international SWIFT transfer typically takes 2–5 business days, because of intermediary banks and cut-off times. Money transfer services are often quicker than a bank.
Is SITAKRS1 and SITAKRS1XXX the same SWIFT code?
Yes, they are. SITAKRS1 is the 8-character version of SITAKRS1XXX. The XXX at the end only refers to the head office, so both will reach Samsung Asset Management Co., LTD. in Seoul.
Does Samsung Asset Management Co., LTD. use only one SWIFT/BIC code?
Yes – SITAKRS1XXX is the only SWIFT/BIC code listed for Samsung Asset Management Co., LTD. in South Korea, so you do not need to pick a branch code.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.