SWIFT/BIC code TYSEKRS1XXX
TYSEKRS1XXX belongs to Tong Yang Investment Bank in Seoul, South Korea.
Code details
| SWIFT/BIC code | TYSEKRS1XXX |
|---|---|
| 8-character code | TYSEKRS1 |
| Branch code | XXX |
| Bank | Tong Yang Investment Bank |
| Branch | Head office |
| City | Seoul |
| Country | South Korea |
The way the Tong Yang Investment Bank SWIFT/BIC is structured
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- TYSE 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 uses SWIFT/BIC code TYSEKRS1XXX?
TYSEKRS1XXX is the SWIFT/BIC code of the headquarters of Tong Yang Investment Bank in Seoul, South Korea. It is the code to use when a payment to Tong Yang Investment Bank does not need a specific branch.
What is the best way to send money to Tong Yang Investment Bank in South Korea?
Banks often add 1–3% to the exchange rate on top of a fee. Check what you receive in South Korea with transfer services before you send – the difference can be large.
What happens if I enter TYSEKRS1XXX with a typo?
The payment may be delayed, returned or charged extra fees. Double-check TYSEKRS1XXX with the recipient before you confirm.
What does each part of TYSEKRS1XXX stand for?
TYSE is the bank code of Tong Yang Investment Bank, KR is the ISO code of South Korea, S1 is the code for the city or region and XXX means the main office.
What do I need for a transfer to an account at Tong Yang Investment Bank?
You need the SWIFT/BIC code TYSEKRS1XXX, the IBAN or local account number of the recipient, their full name and address. South Korea is not part of SEPA, so the BIC is required.
How long does a transfer to Tong Yang Investment Bank take?
A SWIFT payment usually takes 2–5 business days, because of intermediary banks and cut-off times. Money transfer services are often faster and cheaper.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.