Samsung Electronics Australia Pty. LTD. SWIFT/BIC code

SWIFT/BIC code of Samsung Electronics Australia Pty. LTD.

If an invoice shows SECTAU21 or SECTAU21XXX, you are looking at the identical address for Samsung Electronics Australia Pty. LTD. in Australia. A SWIFT code tells the banks handling a payment which institution is meant to get the money. In practice you mostly see it on international invoices, in payment forms and on the account details of Samsung Electronics Australia Pty. LTD. customers.

On this page we explain what the code means, when you need it and which other details you need for a transfer to or from Samsung Electronics Australia Pty. LTD.. Remember that the BIC only identifies the bank, not the account: the account number or IBAN takes care of that.

How up to date is this code?

Our SWIFT/BIC directory draws on public sources. Banks reorganise, change names and change codes. The number of codes on this page are based on what is in our directory and not on information from Samsung Electronics Australia Pty. LTD. itself.

See our directory here as a helpful check, and let the details from the recipient or Samsung Electronics Australia Pty. LTD. have the final say. GoldexPay is not affiliated with Samsung Electronics Australia Pty. LTD.; we are a comparison site for money transfers. If you notice a mistake, we appreciate a message.

What a transfer from Samsung Electronics Australia Pty. LTD. abroad really costs

An international bank payment costs more than the listed fee. Besides a fixed fee, correspondent or intermediary banks may deduct a fee, and when currencies are converted the bank often uses a rate below the actual market rate.

The markup on the rate is often the largest cost even though it is not listed as a fee. Compare their rate with the mid-market rate – the rate you find on financial news sites.

Specialised transfer providers frequently offer rates closer to the mid-market rate and lower fees. GoldexPay compares transfer providers next to each other, showing the amount the recipient gets. Using a transfer service does not mean leaving Samsung Electronics Australia Pty. LTD. – you pay the provider from your own account.

Tracking a transfer to or from Samsung Electronics Australia Pty. LTD.

There is no single delivery time for every transfer: many arrive the same day or the next while others need several business days. Transfers sent after the cut-off time or just before a weekend or public holiday often start a business day later. Extra checks on larger or unusual payments may also add a delay, regardless of the details.

A growing number of banks use SWIFT gpi, which lets them follow a payment from bank to bank. Every payment gets a unique transaction reference, the UETR. Money transfer services usually show a status in their app so you can see how far the payment is.

A missing payment is investigated by the sending bank, using the payment confirmation. Ask the sender for a copy of the payment confirmation with the date and reference; that often settles the question quickly.

SECTAU21 or SECTAU21XXX – which one to use?

A SWIFT code is built from a few fixed parts: characters one to four identify the bank, characters five and six give the country and the two after that mark the location. That gives you SECTAU21, the short form of the code.

XXX at the end of SECTAU21XXX is not a placeholder or an error: it indicates the main office of Samsung Electronics Australia Pty. LTD.. Certain payment forms ask for 11 characters, in which case you simply add XXX behind SECTAU21.

Leave out spaces when you type SECTAU21 or SECTAU21XXX. A wrong character may route a payment to a different institution, so check it twice.

Australian Dollar (AUD) and conversion costs

Accounts at Samsung Electronics Australia Pty. LTD. are usually held in AUD, the local currency of Australia. A payment in a foreign currency will be exchanged into AUD before it reaches the account. Every conversion eats into the amount – usually through the rate rather than a fee.

Which bank converts the payment makes a difference: every bank has its own margin. Check how much AUD arrives via several services; the difference between options can be larger than you expect.

The AUD rate changes constantly and quotes are often valid only for a short time. If you pay regularly, a slightly better rate add up over a year.

Samsung Electronics Australia Pty. LTD.: head office code versus branch codes

With 2 codes, Samsung Electronics Australia Pty. LTD. belongs to the banks that register individual codes for parts of the organisation. The main code is SECTAU21XXX.

Unless the recipient tells you otherwise, go with SECTAU21XXX or its short form SECTAU21. Only use a branch code when your contact gives you that exact code.

When in doubt, ask the person you are paying which code their bank gave them. Branch codes can change when banks reorganise, so a code from an old document is not always valid.

Receiving money from abroad at Samsung Electronics Australia Pty. LTD.

A sender in another country will ask for a few details about your account. That means: your full name exactly as it appears on the account, your IBAN or account number, the BIC SECTAU21XXX and sometimes your postal address.

The sender’s bank may also ask for the address of your bank; the head office in Homebush Bay is usually fine. A mistake in the IBAN can be more trouble than you might think, so copy the details from your online banking.

Do not be surprised if the amount credited is below what the sender paid. Fees for incoming transfers differ per bank – the price list of Samsung Electronics Australia Pty. LTD. tells you what applies. Agree with the sender who pays which costs before the money is sent.

Watch out for payment fraud

One of the most common tricks works like this: an email arrives with a message saying that a company now has a new bank account. A valid SWIFT code tells you nothing about who owns the account.

Check new bank details through a separate channel, not by replying to the message. Urgency and requests to keep it quiet tend to be red flags; a genuine business can wait for you to check. Acted too fast? Call your bank without delay and have them start a recall; also report it to the police.

Recipients can be targeted as well: a classic trick is an overpayment followed by a request to send back the difference abroad. A screenshot of a transfer is no proof – check your own account.

Is SECTAU21 still correct? How to check

Have the recipient copy their bank details directly from a recent statement. If the code you have differs from SECTAU21 or SECTAU21XXX, stop and ask: check with the recipient or with Samsung Electronics Australia Pty. LTD. directly.

Errors in the SWIFT code are annoying rather than fatal. An error in the IBAN or account number is more serious because it can reach the wrong person.

Many banking apps check the structure of IBANs and sometimes look up the BIC automatically, but that does not prove the account belongs to the right person. More and more banks check the name against the account – do not ignore a mismatch warning. When you pay someone new, some people send a small test amount and wait for confirmation.