Samsung Telecommunication R and D-Israel SWIFT/BIC code

What SECTILI1 means for a payment to Samsung Telecommunication R and D-Israel

SECTILI1 and SECTILI1XXX are two ways of writing the same SWIFT/BIC code, and both lead to Samsung Telecommunication R and D-Israel in Yakum. A BIC does one job: it makes sure that an international payment ends up at the right bank. In practice you mostly come across it on international invoices, in payment forms and on the account details of Samsung Telecommunication R and D-Israel customers.

Further down we go through the practical side: money coming in from abroad, sending money abroad and how to check the code before you hit send. The SWIFT code alone does not identify a personal account; for that you need the account number or IBAN is for.

How to check SECTILI1 before you pay

The most reliable source for the BIC is the recipient’s own bank details – an invoice, a statement or a screenshot from online banking. Check it against SECTILI1 on this page and ask if anything does not match.

With a wrong code, the transfer might get stuck, bounce back or cost extra. An error in the IBAN or account number can be a bigger problem.

A format check in your banking app merely tells you that the code is valid – 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. When you pay someone new, some people send a small test amount before sending the rest.

Protect yourself against fake payment requests

Scammers regularly send fake invoices with changed bank details sent from what looks like a familiar address. A real SWIFT code tells you nothing about who owns the account – scammers simply use real codes.

Never trust contact details in the same message that announces the new account. Pressure or secrecy are warning signs – a real supplier can wait a day. Already paid? Call your bank without delay and have them start a recall; also report it to the police.

People receiving money are targeted too: one known trick is an overpayment followed by a request to refund the difference. Wait until the money has really arrived and check with Samsung Telecommunication R and D-Israel if anything seems off.

Choosing between the 2 SWIFT codes of Samsung Telecommunication R and D-Israel

Our database contains 2 SWIFT/BIC codes for Samsung Telecommunication R and D-Israel, spread over 1 locations. Besides the head office code SECTILI1XXX, you will find codes for branches, departments or specific services.

Unless the recipient tells you otherwise, go with SECTILI1XXX or its short form SECTILI1. When you receive a specific code, stick to it instead of replacing it with the head office code.

When in doubt, check with the recipient for the exact BIC in their bank details. Codes can change when banks reorganise.

Receiving money from abroad at Samsung Telecommunication R and D-Israel

When you are waiting for money from abroad, send the payer everything they need in one go. What they need is: the account holder’s name, IBAN or account number, SECTILI1XXX or SECTILI1 and in many cases your home address.

The sender’s bank might request the bank address of Samsung Telecommunication R and D-Israel. A mistake in your account number is harder to fix than you might think; copy them from your banking app rather than typing.

Do not be surprised if the incoming amount is smaller than what the sender paid. Charges on incoming payments vary from bank to bank; check the price list of Samsung Telecommunication R and D-Israel. On invoices, you can state how the fees are split.

International transfers from Samsung Telecommunication R and D-Israel: the real cost

If you transfer money to another country from Samsung Telecommunication R and D-Israel, the fee you see is only part of the cost. On top of the transfer fee, banks in between can deduct a fee, and when the money changes currency the bank usually uses a rate below the real market rate.

The markup on the rate is often the biggest cost, and it is easy to miss. A simple test: put the bank’s rate against the mid-market rate for the same moment and work out the difference on your amount.

For a lot of routes, a transfer service is cheaper than a traditional bank transfer, mainly because of the exchange rate. GoldexPay compares the amount that arrives across services, which makes the cheapest option easy to spot. Using a transfer service does not require closing your account at Samsung Telecommunication R and D-Israel: you simply pay the service from your account.

What the XXX in SECTILI1XXX means

Each SWIFT/BIC code starts with the same eight core characters: a four-letter bank code, two letters for the country and a two-character location code. In this case, the 8-character core is SECTILI1.

XXX at the end of SECTILI1XXX does not stand for a placeholder or an error: it indicates the main office of Samsung Telecommunication R and D-Israel. Some banking apps insist on 11 characters, in which case you can add XXX behind SECTILI1.

In practice the code is written in capitals. A single letter may route a payment to another bank, so check it twice.

About this information

The directory on GoldexPay draws on publicly available sources and we update it periodically. It is possible that information on this page is out of date. Counts and locations come from our own dataset and are not confirmed by Samsung Telecommunication R and D-Israel.

See our directory on this page as a handy check. We are an independent comparison site and not part of Samsung Telecommunication R and D-Israel. Found outdated information? Tell us via our contact form so we can correct it.

Tracking a transfer to or from Samsung Telecommunication R and D-Israel

There is no single delivery time for international payments: some land within a day while others need several business days. Bank holidays in the sending or receiving country can add a day or more, since banks do not process on those days. Extra checks by one of the banks may also add a delay, regardless of the details.

If the money is delayed, contact your bank about the status or the UETR so they can trace it along the chain. Specialist transfer services usually provide tracking in their app showing how far the money has got.

A delayed transfer is traced by the sending bank, using the payment confirmation. Ask the sender for a copy of the payment confirmation including the reference.