Samsung Electronics Hungrian SWIFT/BIC code

Samsung Electronics Hungrian SWIFT code: SECTHUH1

Whether a recipient gives you SECTHUH1 or SECTHUH1XXX, it is the same address for Samsung Electronics Hungrian in Hungary. Every bank on the SWIFT network uses these codes to route international transfers to the correct institution. You will need it mainly when dealing with transfers between countries and payments in foreign currencies.

We wrote this page to help anyone who receives money at an account at Samsung Electronics Hungrian without mistakes. A SWIFT code identifies a bank or branch, never a single account.

Before you send: check the Samsung Electronics Hungrian code

The most reliable source for a SWIFT code is the recipient’s own bank details. When the code you were given differs from SECTHUH1 or SECTHUH1XXX, do not guess.

Mistakes in the SWIFT code are annoying more than fatal. Do not forget the IBAN: an error there is more difficult to correct than a wrong BIC.

An automatic check in your banking app merely confirms that the code is valid – not that it belongs to the person you mean to pay. Some banks now compare the payee name against the account before you confirm. A small test payment is a sensible step for a large first payment, even if it costs an extra fee.

Transfer times and tracking a payment to Samsung Electronics Hungrian

How fast a payment arrives at Samsung Electronics Hungrian is determined by several factors: which currency you send, how many intermediary banks are involved, daily processing deadlines and differences in time zone. Bank holidays in either country add a day or more. Compliance checks by one of the banks can also cause some delay, regardless of the details.

Many banks are connected to SWIFT gpi for faster and traceable payments. Each payment carries a unique transaction reference, the UETR. Specialist transfer services usually show a status online showing how far the payment has got.

A delayed transfer is investigated from the sending side on the basis of the transfer details. As a recipient, you can check your account for a slightly lower amount because fees can reduce the amount.

What a transfer from Samsung Electronics Hungrian abroad really costs

What you pay for a payment abroad is made up of several parts, and the transfer fee is only the most visible one. On top of a fixed fee, banks in between can deduct a fee, and when the money changes currency the bank often uses a rate that is less favourable than the real market rate.

Banks rarely show their exchange rate markup separately. Compare their rate with the mid-market rate – the rate you find on financial news sites; the gap is what conversion costs you.

For many routes, a transfer service turns out to be less expensive than a bank. GoldexPay compares the amount that arrives with different providers, so you can pick the cheapest route. Choosing a specialist does not require closing your account at Samsung Electronics Hungrian.

8 or 11 characters: SECTHUH1 versus SECTHUH1XXX

The layout of every SWIFT code never changes: four characters for the institution, a two-letter country code and a two-character location code, plus an optional branch code. For Samsung Electronics Hungrian, the 8-character core is SECTHUH1.

XXX at the end of SECTHUH1XXX is not a missing value or an error: it indicates the main office of Samsung Electronics Hungrian. Some banking apps ask for 11 characters, in which case you can enter XXX behind SECTHUH1.

Do not add spaces or dashes when you enter SECTHUH1 or SECTHUH1XXX. Pasting the code is safer than retyping it: a typo can point to another bank.

Paying Samsung Electronics Hungrian in euros within SEPA

Since Hungary is in SEPA, a euro payment to Samsung Electronics Hungrian from another SEPA country normally requires just the IBAN. Most banking apps do not require the BIC for these payments or fill it in for you.

You will still need SECTHUH1XXX for payments in other currencies or money from outside the SEPA area. A few forms still ask for the BIC out of habit; if so, enter SECTHUH1 or SECTHUH1XXX.

Instant payments in euros are widely available across SEPA. Provided no currency is converted, the transfer is inexpensive; it is the conversion that costs money.

Sending HUF to Samsung Electronics Hungrian

Hungary uses the Hungarian Forint (HUF). When you pay another currency gets converted at some point – by your bank, by Samsung Electronics Hungrian or by a bank in between. Each conversion costs something, even when no fee is shown.

Who does the conversion affects the final amount, since every bank sets its own rate. Sending the amount already in HUF often avoids a second conversion, provided the rate you get is fair.

Exchange rates change during the day, and some providers let you lock in a rate. For recurring payments, a slightly better rate make a real difference over a year.

Which of the 2 codes of Samsung Electronics Hungrian do you need?

We have 2 SWIFT/BIC codes for Samsung Electronics Hungrian. Besides the head office code SECTHUH1XXX, there are codes for individual branches and departments.

For most payments to a private or business account, the head office code SECTHUH1XXX is what you need. Just use a branch code when your contact gives you that exact code.

The safest route is to take the code straight from the account holder’s invoice. Codes can change when banks reorganise, so do not rely on old paperwork.

About this information

The codes on this page are taken from public sources. It can happen that information here is out of date. The figures we show reflect what is in our directory and not on information from Samsung Electronics Hungrian itself.

See our directory here as a handy check, and let the details from the recipient or Samsung Electronics Hungrian have the final say. GoldexPay is not affiliated with Samsung Electronics Hungrian; we are a comparison site for money transfers. Spotted an error? Tell us through the contact page and we will look into it.

Incoming international payments to Samsung Electronics Hungrian

When you are waiting for money from abroad, send the payer all details at once. Share your name as the bank knows it, your account number or IBAN, the BIC SECTHUH1XXX and your address, which some banks require.

Their bank might request the address of your bank; the head office in Jaszfenyszaru is usually fine. A mistake in your account number can be harder to fix than it looks; copy them from your banking app rather than typing.

An incoming payment does not always land in full. Fees for incoming transfers differ from bank to bank; check the price list of Samsung Electronics Hungrian. For business payments, it is common to agree who bears the costs, so that nobody is left short.

Watch out for payment fraud

Be alert when a contact unexpectedly wants you to pay into a different account abroad. The fact that SECTHUH1 exists is no guarantee that a request mentioning it is genuine.

Before paying, confirm a change of bank details through a phone call on a number you know, not one from the message. Pressure or secrecy are warning signs – a real supplier can wait a day. If money has already gone to a fraudster, call your bank right away.

Recipients are targeted too: one known trick is a buyer who pays too much followed by a request to refund the difference. A payment confirmation from the sender is no proof – check your own account.