Samsung Electronics Peru S.a.c SWIFT/BIC code

What SECTPEP1 means for a payment to Samsung Electronics Peru S.a.c

Whether you are given SECTPEP1 or SECTPEP1XXX, you are looking at the same address for Samsung Electronics Peru S.a.c in Peru. The code has a single purpose: it ensures that money from abroad ends up at the right bank. It comes up mainly for payments that cross a border and payments in foreign currencies.

This page is meant to help people who sends money to an account at Samsung Electronics Peru S.a.c without mistakes. The SWIFT code alone cannot identify an individual account holder; that is what the IBAN or account number is for.

Paying someone abroad from your Samsung Electronics Peru S.a.c account

What you pay for an international transfer has more than one component – not just the fee on your screen. Besides a fixed fee, correspondent or intermediary banks can deduct a fee, and when the money changes currency, the bank often uses a rate below the actual market rate.

The markup on the rate tends to be the largest cost even though it is not listed as a fee. Check the rate you are offered with the mid-market rate, the midpoint between buy and sell rates you see on financial sites. The difference is your real conversion cost.

For a lot of routes, a specialist provider is less expensive than a traditional bank transfer – mostly thanks to the rate. On GoldexPay we compare the amount that arrives with different services, so you can pick the cheapest route. Choosing a specialist does not require leaving Samsung Electronics Peru S.a.c – you pay the provider from your own account.

Transfer times and tracking a payment to Samsung Electronics Peru S.a.c

There is no single delivery time: many arrive within a day. Bank holidays in either country add a day or more. Sometimes a bank wants to know about the purpose of a payment, which can hold things up.

If the money seems late, ask your bank about the status or the UETR so they can trace it along the chain. Keep your transfer receipt until the recipient confirms – you will need it for any trace request.

A delayed transfer is investigated by the sending bank. Ask the sender for a copy of the payment confirmation with the date and reference.

8 or 11 characters: SECTPEP1 versus SECTPEP1XXX

Every SWIFT/BIC code starts with the same eight core characters: four letters for the bank, two letters for the country and two characters for the location. The result is SECTPEP1.

Many banks and apps work with both lengths. If yours asks for eleven characters, use SECTPEP1XXX.

In practice the code is written in capitals, without spaces or dashes. Pasting the code beats retyping it: a typo can point to another bank.

What to give a sender who pays you at Samsung Electronics Peru S.a.c

To receive an international payment at Samsung Electronics Peru S.a.c, the sender has to have more than the SWIFT code. The basics are: your name, account number or IBAN, SECTPEP1XXX or SECTPEP1 and, for some countries, your home address.

Their bank might request the address of your bank, in which case the Lima head office is the usual answer. Check each detail before you send them.

Expect that the amount credited is smaller than the amount on the sender’s receipt. Intermediary banks may deduct a fee, Samsung Electronics Peru S.a.c may charge for incoming payments, and when currencies differ, a markup on the rate comes on top. On invoices, you can state how the fees are split, so that nobody is left short.

Changed bank details? Be careful

Be wary when a contact unexpectedly asks you to pay into another account abroad. That SECTPEP1 is a real code is no guarantee that the account is legitimate.

Always verify changed bank details through a phone call. Urgency and requests to keep it quiet tend to be warning signs; a genuine business can wait for you to check. Already paid? Contact the bank you paid from straight away and ask them to try to recall the payment.

Fraud also work the other way. Someone sends more than agreed and wants you to return the difference via a different route. A screenshot of a transfer proves nothing – check your own account.

Verifying the SWIFT code of Samsung Electronics Peru S.a.c

The safest source for the BIC is the recipient’s own bank details: an invoice, a bank statement or their online banking. Check it against SECTPEP1 here.

With a wrong code, the payment may be delayed, bounce back or end up costing more. Do not forget the account number: a mistake there can be harder to undo than a wrong code.

Many banking apps check the format of IBANs and sometimes look up the BIC automatically, but that does not prove the account belongs to the right person. Some banks now check the name against the account before you confirm; take any warning seriously. When you pay someone new, some people start with a small amount first.

Where our SWIFT data comes from

The directory on GoldexPay draws on publicly available sources and we update it periodically. Banks merge, close branches and retire codes, and a directory never catches every change immediately. The number of codes on this page are based on our own data and not on information from Samsung Electronics Peru S.a.c itself.

See the information here as a handy check and rely on the recipient or Samsung Electronics Peru S.a.c for the final confirmation. GoldexPay is independent of Samsung Electronics Peru S.a.c; we are a comparison site for money transfers. Found outdated information? Let us know via our contact form and we will look into it.

Samsung Electronics Peru S.a.c: head office code versus branch codes

Samsung Electronics Peru S.a.c has 2 separate SWIFT/BIC codes. Only one is the head office code; the rest identify branches, and sometimes internal departments.

If nobody asks you for a branch code, use SECTPEP1XXX or its short form SECTPEP1. When you receive a specific code, use it as it is instead of swapping it with the head office code.

When in doubt, check with the recipient which code their bank gave them. Codes for branches are more prone to be retired than the head office code.