Samsung Electronics Rus Company SWIFT/BIC code

What SECTRUM1 means for a payment to Samsung Electronics Rus Company

The 8-character code SECTRUM1 and the 11-character code SECTRUM1XXX identify one and the same institution: Samsung Electronics Rus Company. A SWIFT code tells every bank in the chain which institution is meant to get the money, much like a postcode for banks. You will need it mainly when dealing with payments that cross a border.

We wrote this page to help anyone who sends money to an account at Samsung Electronics Rus Company without mistakes. The SWIFT code on its own cannot identify a personal account; that is what the account number or IBAN .

When will the money arrive at Samsung Electronics Rus Company?

There is no fixed answer: some land within a day, others take several business days. Bank holidays in either country add extra days to the journey. Sometimes a bank asks about the purpose of a payment.

Many banks are connected to SWIFT gpi for faster and traceable payments. Every gpi transfer gets a unique reference, the UETR, which your bank can use to see where the money is. Specialist transfer services often show a status online showing where the money has got.

The bank that sent the money can request a trace or a recall – the recipient’s bank often cannot see a payment that has not arrived. Request from the sender a copy of the payment confirmation with the date and reference; that often settles the question quickly.

Scams that use SWIFT codes

Stay wary when a contact suddenly asks you to send money to a different account. A real SWIFT code tells you nothing about who owns the account: scammers use real codes of real banks.

Do not trust a phone number in the same message that announces the new account. Pressure and secrecy tend to be warning signs; a genuine business can wait for you to check. If a payment has already gone to a fraudster, contact your bank immediately.

Fraud can also target the receiver: someone claims to have sent more than agreed and asks you to refund the difference via a different route. Wait until the money is actually in your account – ask Samsung Electronics Rus Company if something looks wrong.

SECTRUM1 or SECTRUM1XXX – which one to use?

A SWIFT code is built from a few fixed parts: characters one to four identify the bank, the next two give the country and the two after that indicate the location. Combined, those parts form SECTRUM1, the code most people search for.

XXX at the end of SECTRUM1XXX does not stand for a missing value or an error: it indicates the main office of Samsung Electronics Rus Company. Some banking apps ask for 11 characters, in which case you simply enter XXX behind SECTRUM1.

Do not add spaces or dashes when you type SECTRUM1; the code is always written in one block. A single letter may route a payment to a different institution.

Head office or branch code at Samsung Electronics Rus Company?

Samsung Electronics Rus Company has 5 different SWIFT/BIC codes across 2 cities. Only one is the head office code, SECTRUM1XXX; the rest identify branches or departments, and sometimes specific services.

In most cases there is no need to pick a branch: transfers sent to SECTRUM1XXX are routed within Samsung Electronics Rus Company correctly. Branch codes are only needed if the recipient’s bank explicitly asks for it.

The best way is to take the code straight from the account holder’s statement. Codes can change when banks reorganise, so a code from an old document is not always valid.

What a transfer from Samsung Electronics Rus Company abroad really costs

When you send money to another country through Samsung Electronics Rus Company, the fee you see is only part of the cost. Besides the transfer fee, banks in between may deduct a fee, and when the money changes currency the bank often applies a rate below the real market rate.

Banks do not show the margin on the rate as a cost. An easy check: set the bank’s rate against the mid-market rate and work out the difference on your amount.

For many currency pairs, a transfer service turns out to be cheaper than a traditional bank transfer – mostly thanks to the rate. On GoldexPay we compare what recipients receive across services, which makes the cheapest option easy to spot. You can always keep your account at Samsung Electronics Rus Company to fund the transfer; only the conversion and sending happen elsewhere.

Incoming international payments to Samsung Electronics Rus Company

To receive an international payment into your account at Samsung Electronics Rus Company, the person paying you needs not just the BIC. That means: your name as registered with Samsung Electronics Rus Company, your IBAN or account number, the BIC SECTRUM1XXX and, often, your address.

Some sending banks want the address of Samsung Electronics Rus Company in Moscow. Double-check the details before you send them – a sender rarely spots a mistake in someone else’s details.

Do not be surprised if the incoming amount is smaller than what the sender paid. Correspondent banks can take a fee, and if the currency changes, a markup on the rate applies. Make clear with the sender who pays which costs, especially for larger amounts.

A note on our data

This directory is compiled from public sources and is updated regularly. Institutions merge, change names and change codes. The number of codes on this page reflect what is in our directory.

Treat the information here as a helpful check. GoldexPay is not affiliated with Samsung Electronics Rus Company, we only compare transfer services. Should you notice a mistake, we welcome a message via the contact page.

Verifying the SWIFT code of Samsung Electronics Rus Company

Have the recipient copy their account details directly from their online banking. Check it against SECTRUM1 on this page and ask if anything does not match.

An incorrect BIC can cause delays, a returned payment or extra fees. Do not forget the account number: an error there is harder to undo than a wrong BIC.

Most online banking apps validate the format of an IBAN and some suggest the matching BIC – that confirms the format, not the owner. Where available, a name check before sending adds extra certainty. When you pay someone new, some people start with a small test amount and wait for confirmation.