Samsung Electronica de Columbia SWIFT/BIC code

SECTCOB1 – the SWIFT/BIC code of Samsung Electronica de Columbia

The short code SECTCOB1 and the full code SECTCOB1XXX refer to one and the same institution: Samsung Electronica de Columbia, with its head office in Bogota. Banks worldwide use these codes to direct payments between countries to the right bank. You will need it mostly when dealing with transfers between countries and payments in foreign currencies.

This page is meant to help people who pays into an account at Samsung Electronica de Columbia. Keep in mind that the SWIFT code just identifies the bank, not the account: the account number or IBAN takes care of that.

How to check SECTCOB1 before you pay

The best place to find the right code remains a document from the bank itself like a bank statement or the account page in online banking. Check it against SECTCOB1 here.

If the code is wrong, the transfer may get stuck, be returned or cost extra – sometimes after weeks of searching. Do not forget the account number: a mistake there is harder to correct than a wrong BIC.

A format check by your bank only tells you that the code exists. Where available, a name check before sending adds an extra layer of safety. A small test payment can be worth it for a large first payment, even if it costs an extra fee.

Paying someone abroad from your Samsung Electronica de Columbia account

The price of an international transfer has more than one component, and the transfer fee is only the most visible one. You pay the transfer fee, sometimes charges from correspondent banks in between and, most importantly, the exchange rate markup.

That exchange rate margin tends to be the biggest item even though it is not listed as a fee. Compare their rate against the mid-market rate, the midpoint between buy and sell rates you see on financial sites; the gap is what conversion costs you.

For a lot of routes, a specialist provider turns out to be cheaper than a traditional bank transfer. Next time you send money, it is worth to compare what arrives via GoldexPay instead of going straight to your bank. You can still use your account at Samsung Electronica de Columbia as the source of the money, while a cheaper service handles the conversion.

What the XXX in SECTCOB1XXX means

The layout of a BIC never changes: a bank code of four letters, two for the country and a two-character location code, plus an optional branch code. For Samsung Electronica de Columbia, the 8-character core is SECTCOB1.

The 11-character version has three more characters for a branch or department. If the last three are XXX, they simply mean the head office.

As a rule the code is written in capitals, without spaces or dashes. Copying the code is safer than typing it by hand.

Protect yourself against fake payment requests

One of the most common tricks works like this: an email arrives with a request claiming that a company now has a new bank account and that the next payment should go there. A correct SWIFT code says nothing about whether the request is genuine: scammers use real codes of real banks.

Do not trust a phone number in the same message that announces the change. Pressure and requests to keep it quiet tend to be red flags – a real supplier can wait a day. When a payment has already gone to the wrong account, contact your bank immediately.

People receiving money can be targeted as well: one known trick is a buyer who pays too much and then sends a request to send back the difference to another account. Wait until the money is actually in your account.

When will the money arrive at Samsung Electronica de Columbia?

There is no fixed answer: some land the same day or the next while others need several business days. Transfers sent late in the day or just before weekends and holidays usually start the next business day. Occasionally a bank wants to know what the payment is for before releasing it.

A growing number of banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Each gpi transfer carries a unique transaction reference, the UETR. Keep your transfer receipt until the money has arrived; it contains the details a bank needs to start a trace.

Only the sending bank is able to request a trace. On the receiving end, it helps to check your account for a partial amount, since fees may have been deducted.

About this information

The codes here come from public sources. Still, banks merge or retire codes. The figures on this page are based on what is in our directory, not official figures from Samsung Electronica de Columbia.

For a payment of any size, confirm the code with the recipient’s bank or the recipient. GoldexPay is independent of Samsung Electronica de Columbia, we only compare transfer services. Found an error? Tell us via our contact form.

Which of the 2 codes of Samsung Electronica de Columbia do you need?

Samsung Electronica de Columbia has 2 separate SWIFT/BIC codes. Only one is the head office code, SECTCOB1XXX; the rest belong to branches or departments, and sometimes internal departments.

For the vast majority of payments to a private or business account, the head office code SECTCOB1XXX works fine. Branch codes are only needed if the account holder specifically asks for it, which is more common for corporate accounts and specialised services.

The best way is to take the code straight from the account holder’s invoice. Codes are sometimes changed or retired when banks reorganise, so a code from an old document is not always valid.

What to give a sender who pays you at Samsung Electronica de Columbia

A sender in another country will ask for a few details about your account. Share the account holder’s name, your account number or IBAN, the BIC SECTCOB1XXX and your address.

Some sending banks want the bank’s address in Bogota, so keep it at hand. Double-check every detail before you share them, because the sender’s bank usually copies them as is.

The amount you receive is often lower than the amount sent. Correspondent banks can take a fee, and if the currency changes, a markup on the rate applies. Agree with the sender who pays which costs, especially for larger amounts.