Samsung Electronics South Africa (Pty) LTD. SWIFT/BIC code

Samsung Electronics South Africa (Pty) LTD. SWIFT code: SECTZAJ1

SECTZAJ1 and SECTZAJ1XXX are two spellings of the same SWIFT/BIC code, and both lead to Samsung Electronics South Africa (Pty) LTD. in Johannesburg. A BIC has a single purpose: it makes sure that a cross-border transfer reaches the right bank. In daily life you usually see the code on international invoices, in your banking app and in the bank details of Samsung Electronics South Africa (Pty) LTD. customers.

Further down you will find the practical questions: money coming in from abroad, paying someone in another country and how to verify the code before you confirm a payment. Remember that the BIC just identifies the bank, not the person: the IBAN or account number takes care of that.

Transfer times and tracking a payment to Samsung Electronics South Africa (Pty) LTD.

A SWIFT payment typically takes one to a few business days. Bank holidays in the sending or receiving country can add extra days, since banks do not process on those days. Occasionally a bank wants to know about the purpose of a payment, which can hold things up.

Many banks use SWIFT gpi. Every gpi transfer gets a unique transaction reference, the UETR. Money transfer services usually provide a status online showing where the money is.

A delayed transfer is investigated by the sending bank, using the payment confirmation. Ask the sender for the payment receipt with the date and reference; that often settles the question quickly.

Samsung Electronics South Africa (Pty) LTD.: head office code versus branch codes

Samsung Electronics South Africa (Pty) LTD. uses 3 different SWIFT/BIC codes. Only one is the head office code; the others belong to branches or departments.

For most incoming transfers, the head office code SECTZAJ1XXX is what you need. Just use a branch code when the recipient explicitly asks for it, for example on a letter or invoice.

Not sure which code to use? Check with the recipient, or look at a recent statement from Samsung Electronics South Africa (Pty) LTD.. Branch codes can change when banks reorganise, so a code from an old document is not always valid.

Why Samsung Electronics South Africa (Pty) LTD. has an 8- and an 11-character code

Each SWIFT/BIC code has an 8-character core: four letters for the bank, two letters for the country and a two-character location code. Combined, those parts form SECTZAJ1, the code most people search for.

The long version adds a three-character extension for a branch or department. If the last three are XXX, they simply mean the head office, so SECTZAJ1XXX and SECTZAJ1 are interchangeable.

Leave out spaces when you enter SECTZAJ1 or SECTZAJ1XXX. A single character may route a payment to a different institution, so check it twice.

Getting paid from abroad into a Samsung Electronics South Africa (Pty) LTD. account

Someone abroad who wants to pay you needs a few details about your account, and missing ones are a common cause of delays. Give them the account holder’s name, your account number or IBAN, SWIFT code SECTZAJ1XXX and your address, which some banks require.

Their bank may request the bank address of Samsung Electronics South Africa (Pty) LTD.; the head office in Johannesburg is usually fine. Check each detail before you send them, because the sender’s bank usually copies them as is.

Do not be surprised if the incoming amount is smaller than the amount on the sender’s receipt. Correspondent banks can take a fee, Samsung Electronics South Africa (Pty) LTD. may charge for incoming payments, and if the currency changes, a markup on the rate applies. On invoices, you can state who bears the costs.

South African Rand (ZAR) and conversion costs

Accounts at Samsung Electronics South Africa (Pty) LTD. are usually held in ZAR, the local currency. Money sent in a different currency is exchanged into ZAR before it reaches the account. Every conversion costs the amount – usually through the rate rather than a fee.

Who converts the money makes a difference, because each party uses its own rate. Check how much ZAR the recipient gets via several services before choosing one.

The ZAR rate changes constantly and quotes are often valid only for a short time. If you pay regularly, small differences in the rate make a real difference over time.

Protect yourself against fake payment requests

Fraudsters regularly use payment requests containing changed bank details. That SECTZAJ1 is a real code is no guarantee that a request mentioning it is genuine; criminals use the codes of real banks too.

Check new payment details through a different channel, such as a phone number you already know, 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. Already paid? Contact the bank you paid from straight away and ask them to try to recall the payment.

Recipients are targeted too: one known trick is an overpayment and then sends a request to refund the difference to another account. Do not act before the money is actually in your account.

Is SECTZAJ1 still correct? How to check

The most reliable place for the correct BIC is paperwork issued by the bank, such as a statement or the account details in online banking. When the code you were given differs from SECTZAJ1 or SECTZAJ1XXX, stop and ask: check with the recipient or with Samsung Electronics South Africa (Pty) LTD. directly.

If the code is wrong, the transfer may be delayed, be returned or cost extra – sometimes after weeks of searching. An error in the IBAN or account number is a bigger problem because it can reach the wrong person.

Many banking apps validate the structure of an IBAN and some suggest the matching BIC – that confirms the format, not the owner. If your bank offers it, a name check on the recipient gives extra certainty. For a first payment, some people start with a small test amount and wait for confirmation.

Paying someone abroad from your Samsung Electronics South Africa (Pty) LTD. account

If you send money to another country via Samsung Electronics South Africa (Pty) LTD., the visible fee is rarely all of the cost. On top of the transfer fee, banks in between may deduct a fee, and when currencies are converted, the bank usually applies a rate that is less favourable than the real market rate.

Many banks rarely list their exchange rate markup separately. An easy check: put the bank’s rate against the mid-market rate and work out the difference on your amount.

Specialised transfer providers frequently use a rate near the mid-market rate with clearer fees. Next time you send money, take a minute to compare the total cost via GoldexPay rather than accepting the bank’s rate by default. You can still keep your account at Samsung Electronics South Africa (Pty) LTD. as the source of the money, while a cheaper service handles the conversion.

About this information

We gather bank codes using public sources and update them from time to time. It is possible that a code here is no longer current after a merger or reorganisation. The number of codes on this page are based on what is in our directory.

Treat this page as a reference, not as the last word: the recipient’s bank details come first. GoldexPay is independent of Samsung Electronics South Africa (Pty) LTD., we only compare transfer services. Spotted outdated information? Tell us through the contact page and we will look into it.