Samsung Electronica Portugal SWIFT/BIC code

SWIFT/BIC code of Samsung Electronica Portugal

If an invoice shows SECTPTP1 or SECTPTP1XXX, you are looking at the identical identifier for Samsung Electronica Portugal in Portugal. A SWIFT code shows every bank in the chain which institution is meant to get the money, a bit like a postal address for banks. In practice you mostly see it on international invoices, in payment forms and in the bank details that Samsung Electronica Portugal provides.

On this page you can read what the code is put together, when you need it and which other details a transfer to or from Samsung Electronica Portugal requires. Keep in mind that the SWIFT code only identifies the bank, not the account: the account number or IBAN does that part.

Sending EUR to Samsung Electronica Portugal

Accounts at Samsung Electronica Portugal are typically held in EUR, the local currency of Portugal. If you send another currency it has to be converted at some point: by your bank, an intermediary or Samsung Electronica Portugal itself. There is rarely a separate line for the conversion; it is built into the rate.

Who does the conversion has an effect on the final amount, since every bank sets its own rate. Often it is cheaper if you send EUR directly via a transfer service that converts near the mid-market rate, so that the receiving bank does not need to convert again.

Exchange rates change during the day – some services let you fix a rate in advance. For regular payments, a slightly better rate make a real difference over a year.

How long does an international transfer to Samsung Electronica Portugal take?

A SWIFT payment typically needs one to a few business days – it depends on currency, route and the banks in between. Weekends and public holidays in the sending or receiving country add a day or more, since banks do not process on those days. Sometimes a bank asks about the purpose of a payment.

If a transfer seems delayed, contact the sending bank about the status and the transaction reference so they can trace it along the chain. Money transfer services usually show a status online showing how far the money has got.

If the money does not arrive within the expected time, the person who paid should contact the bank that sent it. As a recipient, you can look at your account for a partial amount, since fees may have been deducted.

Which of the 2 codes of Samsung Electronica Portugal do you need?

Having 2 codes in 1 locations, Samsung Electronica Portugal belongs to the banks that register individual codes for branches and departments. The main code remains SECTPTP1XXX.

If nobody asks you for a branch code, go with SECTPTP1XXX. Just use a branch code when your contact gives you that exact code, for example on a letter or invoice.

Not sure which code to use? Ask the recipient. Codes for branches are more prone to change than the head office code.

8 or 11 characters: SECTPTP1 versus SECTPTP1XXX

A BIC is built from a few fixed parts: the first four letters identify the bank, characters five and six give the country and characters seven and eight indicate the location. Together, those parts make up SECTPTP1.

XXX at the end of SECTPTP1XXX is not a placeholder or an error: it stands for the head office of Samsung Electronica Portugal. Some forms insist on 11 characters, and then you can add XXX after SECTPTP1.

Enter the code as one block, in upper case and without separators. Look out for the letter O and the digit 0 and I versus 1, a common source of typos.

A note on our data

This directory draws on public sources. It is possible that information here is no longer current. Counts and locations are from our own dataset and may differ from what Samsung Electronica Portugal publishes.

Treat this page as a starting point, not as the last word. We are an independent comparison service and not affiliated with Samsung Electronica Portugal. If you notice a mistake, we appreciate a short note.

How to check SECTPTP1 before you pay

The most reliable place for the correct BIC is paperwork issued by the bank. Check that code against SECTPTP1 here.

With a wrong code, the transfer may be delayed, be returned or end up costing more – sometimes after weeks of searching. Remember the account number: a mistake there is more difficult to correct than a wrong code.

Many banking apps check the structure of IBANs and some suggest the matching BIC – that confirms the format, not the owner. Where available, a name check on the recipient adds extra certainty. For a first payment, some people start with a small amount first.

Paying someone abroad from your Samsung Electronica Portugal account

An international bank payment can cost more than the fee suggests. Besides a fixed fee, correspondent or intermediary banks can take a cut, and when currencies are converted the bank often applies a rate below the real market rate.

Many banks do not list the margin on the rate separately – you only notice it if you compare. Check the rate you are offered with the mid-market rate – the rate you find on financial news sites; the gap is what conversion costs you.

Specialised transfer providers frequently use a rate near the mid-market rate with clearer fees. GoldexPay compares these services next to each other, showing what actually arrives for the same amount sent. You can still use your account at Samsung Electronica Portugal, while a cheaper service handles the conversion.

Scams that use SWIFT codes

A common scam works like this: you receive a message saying that a company has new bank details. The fact that SECTPTP1 exists does not mean that a request mentioning it is legitimate.

Always verify changed bank details by phone, using a number you already had. Watch out for urgent requests, odd spelling or a sender address that is slightly off. If money has already gone to a fraudster, contact your bank immediately.

People receiving money can be targeted as well: one known trick is a buyer who pays too much and then sends a request to refund the difference to another account. Do not act before the money has really arrived.

Receiving money from abroad at Samsung Electronica Portugal

Someone abroad who wants to pay you needs several details from you. Give them the account holder’s name, your account number or IBAN, SWIFT code SECTPTP1XXX and your address, which some banks require.

You can include Samsung Electronica Portugal and its city too, because some payment forms have separate fields for them. A mistake in your account number is harder to fix than you might think; copy them from your banking app rather than typing.

Expect that the incoming amount is smaller than the amount on the sender’s receipt. Correspondent banks can take a fee, and if the currency changes, an exchange rate margin applies. For business payments, you can agree how the fees are split.

Euro transfers to Samsung Electronica Portugal: is a BIC needed?

Within the SEPA zone, euro transfers to Samsung Electronica Portugal use the same rules and in most cases need only the IBAN. A field for the BIC is usually optional or missing in that case.

You will still need SECTPTP1XXX for payments in other currencies or transfers from countries outside SEPA. A few forms still ask for the BIC; in that case, enter SECTPTP1.

Instant euro transfers have become widely supported within SEPA – whether Samsung Electronica Portugal offers them for your account is worth checking. As long as no currency is converted, the transfer is inexpensive.