Bank of China Seoul Branch SWIFT/BIC code

Bank of China Seoul Branch SWIFT code: BKCHKRSE

BKCHKRSE and BKCHKRSEXXX are two ways of writing the same SWIFT/BIC code, and both point to Bank of China Seoul Branch in Seoul. Banks worldwide use BIC codes to direct international transfers to the correct institution. It comes up mostly for transfers between countries and payments in foreign currencies.

Below we go through the practical questions: money coming in from abroad, paying someone in another country and how to verify the code before you hit send. The SWIFT code alone cannot identify an individual account holder; for that you need the IBAN or account number is for.

About this information

We collect bank codes from publicly available data and update our list regularly. Banks reorganise, close branches and retire codes, and a directory never catches every change immediately. Counts and locations are from our directory and are not confirmed by Bank of China Seoul Branch.

See the information here as a handy check and rely on the recipient or Bank of China Seoul Branch for the final confirmation. GoldexPay has no connection to Bank of China Seoul Branch. If you notice something that is out of date, we welcome a message via the contact page.

Tracking a transfer to or from Bank of China Seoul Branch

How quickly a transfer reaches Bank of China Seoul Branch depends on a few things: which currency you send, how many intermediary banks are involved, daily processing deadlines and time zones. Weekends and public holidays in either country add a day or more, since banks do not process on those days. Compliance checks on larger or unusual payments can also cause a delay, even when all details are correct.

A growing number of banks use SWIFT gpi for faster and traceable payments. Each gpi transfer gets a unique reference, the UETR. Specialist transfer services usually provide a status in their app showing where the payment is.

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. Ask the sender for a copy of the payment confirmation with the date and reference; that often settles the question quickly.

How to check BKCHKRSE before you pay

The safest source for a SWIFT code is the recipient’s own bank details. If the code you have differs from BKCHKRSE or BKCHKRSEXXX, stop and ask.

An incorrect BIC can cause delays, a returned payment or additional charges for investigation. An error in the account number is more serious, because the money may be credited to someone else; check it just as carefully.

Many banking apps check the format of an IBAN. Where available, a name check before sending gives extra certainty. When you pay someone new, some people send a small amount first.

What the XXX in BKCHKRSEXXX means

The layout of a BIC is always the same: a bank code of four letters, a two-letter country code and a two-character location code, plus an optional branch code. Together, these eight characters form BKCHKRSE.

Most payment forms accept both lengths. If a form requires eleven characters, use BKCHKRSEXXX, otherwise BKCHKRSE is fine.

In practice the code is written in capitals and without spaces. A single character may route a payment to another bank, so copy it carefully.

What to give a sender who pays you at Bank of China Seoul Branch

Someone abroad who wants to pay you needs a few details about your account – incomplete details often cause delays. Share your name as the bank knows it, your account number or IBAN, the BIC BKCHKRSEXXX and your address.

You can add the bank name and its city too. A mistake in the IBAN is more trouble than it looks.

The amount you receive is often lower than what was sent. Intermediary banks may deduct a fee, Bank of China Seoul Branch may charge for incoming payments, and if the money is converted, an exchange rate margin applies. For business payments, you can state how the fees are split to avoid a shortfall.

What a transfer from Bank of China Seoul Branch abroad really costs

What you pay for a payment abroad has several parts, and the transfer fee is only the most visible one. Besides a fixed fee, banks in between can take a cut, and when the money changes currency the bank often applies a rate below the actual market rate.

That exchange rate margin tends to be the biggest item, and it is easy to miss. A simple test: set 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. GoldexPay compares the amount that arrives across services. Choosing a specialist does not require closing your account at Bank of China Seoul Branch: you simply pay the service from your account.

Scams that use SWIFT codes

Stay alert when someone unexpectedly asks you to pay into another account. A correct SWIFT code tells you nothing about who owns the account – scammers simply use real codes.

Always confirm a change of bank details through a phone call. Pressure and requests to keep it quiet tend to be red flags – a real supplier can wait a day. When a payment was sent to the wrong account, call your bank right away – speed improves the chance of getting it back.

Scams also target the receiver: someone sends too much and asks you to return the extra to a new account. Wait until the money has really arrived and check with Bank of China Seoul Branch if anything seems off.

Head office or branch code at Bank of China Seoul Branch?

Our database contains 6 SWIFT/BIC codes for Bank of China Seoul Branch in 4 cities. Next to the head office code BKCHKRSEXXX, there are codes for regional offices and specialised units.

In most cases there is no need to look up a branch: transfers addressed to BKCHKRSEXXX reach Bank of China Seoul Branch without problems. If you have been given a branch code, use it as it is instead of replacing it with the head office code.

If you are not sure, check with the recipient which code their bank gave them. Branch codes can change when banks reorganise.