Samsung Japan Co.,ltd SWIFT/BIC code

SWIFT/BIC code of Samsung Japan Co.,ltd

The 8-character code SECTJPJ1 and the full code SECTJPJ1XXX identify one and the same institution: Samsung Japan Co.,ltd in Tokyo, Japan. Banks worldwide use these codes to direct international transfers to the right bank. In daily life you mostly see the code on invoices from abroad, in your banking app and in the bank details of Samsung Japan Co.,ltd customers.

Below you will find the practical questions: receiving money at Samsung Japan Co.,ltd, sending money abroad and how to verify a SWIFT code before you confirm a payment. Keep in mind that the BIC just identifies the bank, not the account: the account number or IBAN does that part.

Protect yourself against fake payment requests

Stay wary when a contact suddenly wants you to send money to a different account. A correct SWIFT code says nothing about whether the request is genuine – scammers simply use real codes.

Always verify changed bank details by phone on a number you know, not one from the message. Watch out for urgent requests, unusual wording or a sender address that is slightly off. Acted too fast? Contact your bank without delay and have them start a recall and report the fraud.

Fraud also work the other way: someone claims to have sent too much and wants you to refund the extra. A screenshot of a transfer is no proof.

Receiving money from abroad at Samsung Japan Co.,ltd

When you are waiting for money from abroad, send the payer all details at once. Share your name as the bank knows it, the IBAN or account number, the BIC SECTJPJ1XXX and your address, which some banks require.

The sender’s bank may also ask for the bank address of Samsung Japan Co.,ltd; the head office in Tokyo is usually fine. Double-check the details before you share them, because the sender’s bank usually copies them as is.

The amount you receive is often less than what was sent. Fees for incoming transfers differ per bank; check the price list of Samsung Japan Co.,ltd. Agree with the sender who pays which costs, especially for larger amounts.

8 or 11 characters: SECTJPJ1 versus SECTJPJ1XXX

A SWIFT code is made up of fixed blocks: characters one to four stand for the bank, characters five and six give the country and the two after that indicate the location. The result is SECTJPJ1.

Many banks and apps work with both lengths. If a form asks for eleven characters, use SECTJPJ1XXX.

Do not add spaces or dashes when you enter SECTJPJ1 or SECTJPJ1XXX. A single letter can send a payment to a different institution, so check it twice.

How to check SECTJPJ1 before you pay

Ask the recipient to copy the bank details straight from their online banking. If the code you have does not match SECTJPJ1 or SECTJPJ1XXX, do not guess: check with the recipient or with Samsung Japan Co.,ltd directly.

If the code is wrong, the payment may be delayed, bounce back or cost extra. A mistake in the IBAN or account number can be a bigger problem, because the money may be credited to someone else.

A format check in your banking app only confirms that the IBAN exists, not that it is the right account. More and more banks compare the name against the account before you confirm; take any warning seriously. A small test payment can be worth it for a large first payment.

What a transfer from Samsung Japan Co.,ltd abroad really costs

A bank transfer abroad costs more than the listed fee. You pay the transfer fee, sometimes charges from correspondent banks in between and, most importantly, the exchange rate markup when the money is converted.

Banks rarely show their exchange rate markup as a cost – you only notice it if you compare. Check their rate against the mid-market rate – the rate you find on financial news sites.

Money transfer services frequently use rates closer to the mid-market rate. Before your next transfer, it is worth to compare the total cost on GoldexPay instead of going straight to your bank. You can always use your account at Samsung Japan Co.,ltd as the source of the money; only the conversion and sending happen elsewhere.

Samsung Japan Co.,ltd: head office code versus branch codes

Having 4 codes, Samsung Japan Co.,ltd is one of the banks that register individual codes for branches. The head office code remains SECTJPJ1XXX.

If nobody asks you for a branch code, use SECTJPJ1XXX or its short form SECTJPJ1. When you receive a branch code, use it as it is instead of swapping it with the head office code.

When in doubt, ask the person you are paying for the exact BIC in their bank details. Codes for branches are more likely to be retired than SECTJPJ1XXX when a bank merges or closes offices.

Transfer times and tracking a payment to Samsung Japan Co.,ltd

An international transfer usually takes one to a few business days, depending on the currency, the route and the banks involved. Payments made after the cut-off time or just before weekends and holidays usually go out the next business day. Occasionally a bank wants to know about the purpose of a payment.

If the money is late, ask your bank about the tracking status or the UETR. Keep your transfer receipt; it contains the details a bank needs to start a trace.

If a payment has not arrived within the expected time, the person who paid needs to contact the bank that sent it rather than Samsung Japan Co.,ltd. Request from the sender a copy of the payment confirmation with the date and reference.

Paying into Samsung Japan Co.,ltd in JPY

Accounts at Samsung Japan Co.,ltd are usually held in JPY, the national currency. Money sent in a different currency will be converted into JPY – and the bank that does it picks the rate. Each conversion eats into something, even when no fee is shown.

Which bank converts the money matters. Sending the amount already in JPY often avoids a second conversion by Samsung Japan Co.,ltd.

The JPY rate fluctuates constantly, so the amount you see is usually only valid for a short time. On larger amounts, even seemingly small gap in the rate adds up quickly.

About this information

This directory is compiled from publicly available sources. Still, banks merge, rename themselves or change codes, so information can be out of date. Counts and locations are from our directory and are not confirmed by Samsung Japan Co.,ltd.

Use this page as a reference, not as the last word: the recipient’s bank details come first. We are an independent comparison service for money transfers and not part of Samsung Japan Co.,ltd. Spotted an error? Tell us through the contact page so we can correct it.