Samsung Electronics Poland Co. SWIFT/BIC code

Samsung Electronics Poland Co. SWIFT code: SECTPLP1

Whether you are given SECTPLP1 or SECTPLP1XXX, you are looking at the identical identifier for Samsung Electronics Poland Co. in Poland. A BIC does one job: it makes sure that an international payment ends up at the right bank. It comes up mostly for payments that cross a border or a currency.

Further down you will find the practical side: money coming in from abroad, paying someone in another country and how to verify a SWIFT code before you confirm a payment. Keep in mind that the BIC only identifies the bank, not the person: the account number or IBAN does that part.

Head office or branch code at Samsung Electronics Poland Co.?

Our directory lists 3 SWIFT/BIC codes for Samsung Electronics Poland Co. in 2 places. Next to the head office code SECTPLP1XXX, you will find codes for regional offices and specialised units.

In most cases there is no need to pick a branch: transfers sent to SECTPLP1XXX are routed within Samsung Electronics Poland Co. correctly. A branch code only makes sense if the recipient’s bank specifically asks for it, which is more common for business accounts and specialised services.

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

Before you send: check the Samsung Electronics Poland Co. code

The safest source for the BIC is the recipient’s own bank details. Compare it against SECTPLP1 on this page.

Errors in the BIC tend to be costly rather than disastrous – usually the money comes back, minus fees and time lost. A mistake in the account number is a bigger problem because it can reach the wrong person, so check that just as carefully.

A format check in your banking app merely tells you that the IBAN is valid – not that it belongs to the person you mean to pay. Some banks now check the payee name with the account before you confirm – do not ignore a mismatch warning. When you pay someone new, many people start with a small test amount before sending the rest.

Scams that use SWIFT codes

Stay alert when a contact unexpectedly wants you to pay into another account. A correct SWIFT code says nothing about who owns the account: scammers use real codes of real banks.

Never trust a phone number in the same message that announces the change. Watch out for urgent requests, odd spelling or an email address that differs by one letter. If a payment was sent to the wrong account, call your bank right away.

Scams also target the receiver: someone claims to have sent too much and wants you to refund the extra to a new account. Do not act before the money is actually in your account and check with Samsung Electronics Poland Co. if anything seems off.

Polish Zloty (PLN) and conversion costs

The currency of Poland is the Polish Zloty (PLN). If you send money in a different currency it has to be converted at some point: by your bank, an intermediary or Samsung Electronics Poland Co. itself. You rarely see a separate line for the conversion; it is built into the rate.

Who does the conversion affects the final amount, as rates and margins differ per bank. In many cases you pay less to send PLN straight away via a transfer service that converts near the mid-market rate, so that the receiving bank does not need to convert again.

Exchange rates move during the day, and some providers let you lock in a rate. On larger amounts, a small gap in the rate adds up quickly.

Getting paid from abroad into a Samsung Electronics Poland Co. account

Someone abroad who wants to pay you needs several details from you. What they need is: the account holder’s name, IBAN or account number, SECTPLP1XXX or SECTPLP1 and often your home address.

You can add Samsung Electronics Poland Co. and Warszawa too. A mistake in the IBAN is harder to fix than it looks; copy them from your banking app rather than typing.

Do not be surprised if the incoming amount is smaller than what the sender paid. Intermediary banks may deduct a fee and your own bank may charge for processing, and if the money is converted, an exchange rate margin comes on top. Make clear with the sender who covers the fees, especially for larger amounts.

Euro transfers to Samsung Electronics Poland Co.: is a BIC needed?

Poland is part of the Single Euro Payments Area (SEPA), the zone for standardised euro payments. For a regular euro transfer within SEPA, the IBAN is usually enough; many banks no longer ask for the BIC.

Outside the euro and for senders outside SEPA, SECTPLP1XXX remains part of the payment details. A few banks and apps also ask for the BIC; if so, fill in SECTPLP1 or SECTPLP1XXX.

Instant payments in euros are increasingly supported across SEPA; check with Samsung Electronics Poland Co. whether it applies to your account. Provided the payment stays in euros, a SEPA transfer tends to be cheap.

SECTPLP1 or SECTPLP1XXX – which one to use?

Each SWIFT/BIC code starts with an 8-character core: a four-letter bank code, a two-letter country code and two characters for the location. The result is SECTPLP1.

XXX at the end of SECTPLP1XXX is not a missing value or a mistake: it indicates the main office of Samsung Electronics Poland Co.. Some forms ask for 11 characters, and then you can enter XXX after SECTPLP1.

Type the code in one piece, in upper case and without spaces. Watch for the letter O and the digit 0 or I versus 1; they are easy to mix up.

Transfer times and tracking a payment to Samsung Electronics Poland Co.

There is no single delivery time for international payments: many arrive the same day or the next while others need several business days. Bank holidays in the sending or receiving country can add extra days to the journey. Sometimes a bank wants to know about the purpose of a payment.

When a payment takes longer than expected, contact the sending bank about the tracking status and the transaction reference; with that reference banks can see where the payment is. Money transfer services often show tracking online so you can see how far the money is.

A delayed transfer is traced from the sending side on the basis of the transfer details. As a recipient, you can look at your statements to see a partial amount, since fees may have been deducted.

Sending money abroad from Samsung Electronics Poland Co.

When you send money to another country through Samsung Electronics Poland Co., the fee you see is rarely all of the cost. On top of the transfer fee, correspondent or intermediary banks may take a cut, and when the money changes currency the bank often applies a rate below the real market rate.

The real cost is often in the rate, not in the fee: many banks convert using an exchange rate with a margin built in. Check the rate you are offered with the mid-market rate, the midpoint between buy and sell rates you see on financial sites.

Specialised transfer providers often offer a rate near the mid-market rate with clearer fees. GoldexPay compares what recipients receive with different services, so you can pick the cheapest route. You can still use your account at Samsung Electronics Poland Co.; only the conversion and sending happen elsewhere.

How up to date is this code?

The directory on GoldexPay draws on public sources and we update it periodically. It is possible that a code here is no longer current, for example after a merger. Figures such as the number of codes are from our own dataset and may differ from what Samsung Electronics Poland Co. publishes.

Treat our directory here as a handy check and rely on the recipient or Samsung Electronics Poland Co. for the final confirmation. GoldexPay is independent of Samsung Electronics Poland Co.; we are a comparison site for money transfers. Spotted an error? Tell us via our contact form so we can correct it.