Samsung Electronics France S.A. SWIFT/BIC code

SWIFT/BIC code of Samsung Electronics France S.A.

The 8-character code SECTFR21 and the 11-character code SECTFR21XXX identify the same bank: Samsung Electronics France S.A.. The code does one job: it makes sure that an international payment reaches the right bank. In practice you mostly see the code on invoices from abroad, in payment forms and on the account details of Samsung Electronics France S.A. customers.

Below we go through the practical side: receiving money at Samsung Electronics France S.A., paying someone in another country and how to check a SWIFT code before you hit send. Keep in mind that the BIC just identifies the bank, not the person: the account number or IBAN does that part.

What a transfer from Samsung Electronics France S.A. abroad really costs

What you pay for a payment abroad is made up of more than one component, and the transfer fee is only the most visible one. On top of the transfer fee, correspondent or intermediary banks can deduct a fee, and if currencies are converted, the bank often uses a rate that is less favourable than the actual market rate.

Most of the cost usually sits in the exchange rate, not in the fee: the bank converts at a rate with a margin built in. A simple test: put the bank’s rate against the mid-market rate for the same moment and look at the difference.

Specialist money transfer services frequently offer a rate near the mid-market rate and lower fees. Next time you send money, take a minute comparing the total cost on GoldexPay rather than accepting the bank’s rate by default. Using a transfer service does not require leaving Samsung Electronics France S.A..

The Euro and what conversion costs you

The national currency in France is the Euro (EUR). If you send another currency has to be converted at some point – by your bank, by Samsung Electronics France S.A. or by a bank in between. Each conversion eats into something, even when no fee is shown.

Who converts the payment makes a difference. In many cases it is cheaper if you send EUR straight away via a transfer service that converts near the mid-market rate rather than letting the receiving bank convert.

Rates for EUR change all the time. With bigger transfers, a seemingly small gap in the rate adds up quickly.

Changed bank details? Be careful

Be wary if someone unexpectedly asks you to pay into a different account or a bank in another country. The fact that SECTFR21 exists does not mean that a request mentioning it is legitimate – fraudsters use real bank codes as well.

Do not trust contact details from the same email that contains the change. Be suspicious of urgent requests, unusual wording or a sender address that is slightly off. When a payment has already gone to the wrong account, contact your bank immediately.

Scams can also target the receiver: someone claims to have sent too much and asks you to refund the extra. Do not act before the money has really arrived and check with Samsung Electronics France S.A. if anything seems off.

Why Samsung Electronics France S.A. has an 8- and an 11-character code

Every SWIFT/BIC code has the same eight core characters: a four-letter bank code, a two-letter country code and two characters for the location. The result is SECTFR21 for Samsung Electronics France S.A..

The long version adds three more characters that identify a branch or department. If the last three are XXX, the code points to the head office.

Do not add spaces, dots when you type SECTFR21 or SECTFR21XXX. Look out for O versus 0 and the letter I and the digit 1; they are easy to mix up.

Receiving money from abroad at Samsung Electronics France S.A.

Someone abroad who wants to pay you needs several details about your account. What they need is: the account holder’s name, IBAN or account number, SECTFR21XXX and in many cases your home address.

Certain banks also ask for the bank’s address; it does no harm to include it. Double-check each detail before you share them.

Do not be surprised if the amount credited is smaller than what the sender paid. Charges on incoming payments differ from bank to bank – the price list of Samsung Electronics France S.A. tells you what applies. On invoices, it is common to agree who bears the costs, so that nobody is left short.

Choosing between the 3 SWIFT codes of Samsung Electronics France S.A.

We have 3 SWIFT/BIC codes for Samsung Electronics France S.A. in 2 cities. Next to the head office code SECTFR21XXX, there are codes for regional offices and specialised units.

If nobody asks you for a branch code, go with SECTFR21XXX. Branch codes are only needed when the account holder specifically mentions it, which is more common for business accounts and trade services.

Unsure which code to use? Check with the recipient, or look at a recent statement from Samsung Electronics France S.A.. Codes are sometimes changed or retired when banks reorganise.

Tracking a transfer to or from Samsung Electronics France S.A.

How quickly a payment reaches Samsung Electronics France S.A. depends on several factors: the currency, the number of banks in between, daily processing deadlines and time zones. Payments made after the cut-off time or on weekends and holidays often go out a business day later. Compliance checks by one of the banks may also add a delay.

A growing number of banks use SWIFT gpi, which lets them follow a payment from bank to bank. Every gpi transfer carries a unique reference, the UETR, which your bank can use to see where the money is. Specialist transfer services usually show tracking in their app showing how far the payment has got.

A delayed transfer has to be investigated from the sending side, using the payment confirmation. Request from the sender the payment receipt; that often settles the question quickly.

Verifying the SWIFT code of Samsung Electronics France S.A.

The most reliable place for the right code is paperwork issued by the bank. If the code you have differs from SECTFR21 or SECTFR21XXX, stop and ask.

Errors in the BIC are costly rather than disastrous. An error in the account number can be more serious, because the money may be credited to someone else, so check that just as carefully.

A validity check in your banking app only tells you that the IBAN exists – not that it belongs to the person you mean to pay. If your bank offers it, a payee name check before sending adds extra certainty. A small test payment is a sensible step for a large first payment, even if it costs an extra fee.

Paying Samsung Electronics France S.A. in euros within SEPA

France is part of the SEPA area, the zone for standardised euro payments. When you send euros from another SEPA country, the IBAN is usually enough.

A SWIFT code like SECTFR21 still matter for payments in other currencies and when the money comes from outside SEPA. If your banking app asks for the BIC regardless, adding SECTFR21 does no harm.

SEPA transfers usually arrive by the next business day. Provided no currency is converted, the transfer is cheap.

A note on our data

This directory is compiled from publicly available sources and is updated regularly. It is possible that a code on this page is no longer current, for example after a merger. Figures such as the number of codes come from our own dataset and may differ from what Samsung Electronics France S.A. publishes.

For any payment of any size, check the code with the recipient’s bank or the recipient. We are a comparison service and not affiliated with Samsung Electronics France S.A.. Should you notice something that is out of date, we appreciate a short note via the contact page.