Samsung Electronics Levant LTD. SWIFT/BIC code

What SECTJOA1 means for a payment to Samsung Electronics Levant LTD.

SECTJOA1 and SECTJOA1XXX are the short and the long form of the same bank identifier, and both point to Samsung Electronics Levant LTD. in Amman. The code has a single purpose: it makes sure that a cross-border transfer reaches the right bank. You will need it mostly for payments that cross a border and payments in foreign currencies.

Further down you will find the practical side: receiving money at Samsung Electronics Levant LTD., paying someone in another country and how to verify the code before you confirm a payment. A SWIFT code names a bank or branch, never a single account; the IBAN or account number does that.

Protect yourself against fake payment requests

One of the most common tricks goes like this: an email arrives with a message claiming that a supplier has new bank details and that the next payment should go there. That SECTJOA1 is a real code does not mean that the account is genuine; criminals use the codes of real banks too.

Do not rely on contact details in the same message that announces the new account. Urgency or secrecy tend to be warning signs – a real supplier can wait a day. If a payment was sent to a fraudster, contact your bank immediately.

Fraud also target the receiver: someone claims to have sent more than agreed and asks you to refund the difference to a new account. Do not act before the money has really arrived.

Why Samsung Electronics Levant LTD. has an 8- and an 11-character code

The structure of a BIC is always the same: a bank code of four letters, two for the country and a two-character location code, plus an optional branch code. In this case, that core is SECTJOA1.

XXX at the end of SECTJOA1XXX does not stand for a missing value or a mistake: it stands for the head office of Samsung Electronics Levant LTD.. Certain payment forms ask for 11 characters, and then you simply add XXX after SECTJOA1.

Type the code in one piece, in upper case and without separators, exactly as shown here. A single letter can send the money to a different institution, so copy it carefully.

Tracking a transfer to or from Samsung Electronics Levant LTD.

An international transfer typically needs anywhere from one to several business days, depending on the currency, the route and the banks involved. Payments made late in the day or on weekends and holidays usually start the next business day. Extra checks by one of the banks can also cause a delay, regardless of the details.

If a transfer is late, contact your bank about the tracking status or the UETR so they can trace it along the chain. Money transfer services often provide tracking in their app showing where the money is.

If the money does not arrive within the expected time, the sender needs to contact the bank that sent it. As a recipient, you can check your account for a slightly lower amount.

How up to date is this code?

We collect bank codes from public sources and check our list from time to time. It can happen that a code on this page is out of date after a merger or reorganisation. Figures such as the number of codes come from our directory and may differ from what Samsung Electronics Levant LTD. publishes.

Before a payment of any size, check the BIC with Samsung Electronics Levant LTD. or with the recipient. We are a comparison service for money transfers and not affiliated with Samsung Electronics Levant LTD.. If you notice something that is out of date, we welcome a short note via the contact page.

Receiving money from abroad at Samsung Electronics Levant LTD.

For a transfer from abroad at Samsung Electronics Levant LTD., the person paying you has to have more than the SWIFT code. The basics are: your name, IBAN or account number, SECTJOA1XXX or SECTJOA1 and in many cases your home address.

Certain banks want the address of Samsung Electronics Levant LTD. in Amman; it does no harm to include it. Double-check each detail before you share them – a sender rarely spots a mistake in someone else’s details.

The amount you receive can be less than the amount sent. Correspondent banks can take a fee, and if the money is converted, a markup on the rate comes on top. Make clear with the sender who covers the fees, especially for larger amounts.

Is SECTJOA1 still correct? How to check

Have the recipient copy the bank details directly from their online banking. If the code you have does not match SECTJOA1 or SECTJOA1XXX, do not guess: check with the recipient or with Samsung Electronics Levant LTD. directly.

Errors in the BIC are annoying rather than disastrous. Do not forget the account number: an error there is more difficult to undo than a wrong BIC.

An automatic check by your bank merely confirms that the IBAN is valid. Where available, a payee name check on the recipient gives an extra layer of safety. Sending a small amount first is a sensible step for a large first payment despite the extra fee.

Head office or branch code at Samsung Electronics Levant LTD.?

Samsung Electronics Levant LTD. uses 2 separate SWIFT/BIC codes across 1 locations. Only one is the head office code, SECTJOA1XXX; the others belong to branches or departments, and sometimes internal departments.

Unless the recipient tells you otherwise, go with SECTJOA1XXX or its short form SECTJOA1. Branch codes are only needed if the recipient’s bank explicitly mentions it, which is more common for business accounts and trade services.

When in doubt, check with the recipient for the exact BIC in their bank details. Branch codes are more likely to be retired than the head office code when a bank merges or closes offices.

Sending money abroad from Samsung Electronics Levant LTD.

The price of a payment abroad has more than one component. Besides the transfer fee, banks in between can deduct a fee, and when the money changes currency, the bank often uses a rate below the real market rate.

That exchange rate margin tends to be the largest item. Check their rate with the mid-market rate; the gap is what conversion costs you.

For a lot of currency pairs, a transfer service turns out to be less expensive than a bank, mainly because of the exchange rate. GoldexPay compares the amount that arrives with different services, which makes the cheapest option easy to spot. Choosing a specialist does not require closing your account at Samsung Electronics Levant LTD..