Ao Woori Bank SWIFT/BIC code

HVBKRUMM – the SWIFT/BIC code of Ao Woori Bank

The short code HVBKRUMM and the full code HVBKRUMMXXX identify one and the same institution: Ao Woori Bank. Banks worldwide use BIC codes to direct payments between countries to the right institution. You will need it mainly when dealing with transfers between countries.

This page is meant to help anyone who receives money at an account at Ao Woori Bank and wants to get the details right. The SWIFT code on its own does not identify a personal account; for that you need the account number or IBAN .

A note on our data

We gather SWIFT/BIC codes from publicly available data and check our list from time to time. Banks merge, close branches and change codes, and a directory never catches every change immediately. Figures such as the number of codes are from our directory.

For any payment that matters, always check the BIC with the recipient’s bank or with the recipient. We are an independent comparison service for money transfers and not part of Ao Woori Bank. If you notice something that is out of date, we welcome a short note via the contact page.

Transfer times and tracking a payment to Ao Woori Bank

A SWIFT payment typically takes anywhere from one to several business days – it depends on currency, route and the banks in between. Bank holidays in the sending or receiving country add a day or more to the journey. Sometimes a bank asks about the purpose of a payment before releasing it.

When a payment takes longer than expected, ask your bank for the tracking status; with that reference banks can see where the payment is. Specialist transfer services often show tracking in their app showing where the money is.

If the money does not arrive after a few business days, the person who paid needs to start with their own bank rather than Ao Woori Bank. On the receiving end, you can look at your account for a partial amount, since fees may have been deducted.

Choosing between the 2 SWIFT codes of Ao Woori Bank

Ao Woori Bank has 2 separate SWIFT/BIC codes across 2 cities. Only one is the head office code, HVBKRUMMXXX; the others identify branches.

Unless the recipient tells you otherwise, use HVBKRUMMXXX or its short form HVBKRUMM. Just use a branch code when the account holder gives you that exact code, for example on an invoice or in their bank details.

Not sure which code applies? Ask the recipient, or look at a recent statement from Ao Woori Bank. Codes are sometimes changed or retired over time, so do not rely on old paperwork.

Protect yourself against fake payment requests

Fraudsters often use fake invoices with new bank details, sometimes in an email that looks completely genuine. A valid SWIFT code tells you nothing about whether the request is genuine – scammers simply use real codes.

Check new payment details through a separate channel like a call to a number from an earlier contract, never via the email that asked for the change. Pressure and requests to keep it quiet tend to be warning signs – a real supplier can wait a day. When a payment was sent to a fraudster, contact your bank immediately: the sooner they act, the better the chance of a recall.

Scams can also work the other way: someone claims to have sent too much and asks you to return the difference. A screenshot of a transfer proves nothing – check your own account.

International transfers from Ao Woori Bank: the real cost

If you transfer money abroad through Ao Woori Bank, the fee you see is only part of the cost. You pay the transfer fee, possibly fees charged by intermediary banks in between and, most importantly, the margin on the exchange rate.

The real cost is often in the rate: the bank converts using an exchange rate that includes a margin. Check the rate you are offered against the mid-market rate; the gap is what conversion costs you.

For a lot of currency pairs, a transfer service turns out to be cheaper than a traditional bank transfer – mostly thanks to the rate. GoldexPay compares transfer providers next to each other, showing the amount the recipient gets. Choosing a specialist does not mean closing your account at Ao Woori Bank.

What to give a sender who pays you at Ao Woori Bank

For a transfer from abroad at Ao Woori Bank, the sender needs not just the SWIFT code. Give them your name as the bank knows it, your account number or IBAN, the BIC HVBKRUMMXXX and your address, which some banks require.

Some banks also ask for the bank’s address in Moscow, so keep it at hand. A typo in your account number can be more trouble than you might think.

The amount you receive can be less than the amount sent. Fees for incoming transfers vary per bank – the price list of Ao Woori Bank tells you what applies. For business payments, it is common to state who bears the costs to avoid a shortfall.

How to check HVBKRUMM before you pay

The safest source for the BIC is the bank details provided by the recipient – an invoice, a statement or a screenshot from online banking. When the code you were given differs from HVBKRUMM or HVBKRUMMXXX, stop and ask.

With a wrong code, the transfer may get stuck, be returned or end up costing more – sometimes after weeks of searching. An error in the account number can be more serious; check it just as carefully.

An automatic check by your bank only tells you that the code exists – not that it belongs to the person you mean to pay. Where available, a payee name check on the recipient gives extra certainty. For a first payment, some people start with a small amount first.

HVBKRUMM or HVBKRUMMXXX – which one to use?

A SWIFT code is made up of fixed blocks: the first four letters stand for the bank, the next two give the country and the two after that indicate the location. Combined, these eight characters make up HVBKRUMM.

XXX at the end of HVBKRUMMXXX is not a placeholder or a mistake: it indicates the main office of Ao Woori Bank. Some banking apps insist on 11 characters, and then you simply enter XXX behind HVBKRUMM.

In practice the code is typed in capitals and without spaces. Pasting the code beats typing it by hand.