Daegu Bank, Ltd.,the SWIFT/BIC code

DAEBKR22 – the SWIFT/BIC code of Daegu Bank, Ltd.,the

DAEBKR22 and DAEBKR22XXX are two spellings of the same SWIFT/BIC code, and both point to Daegu Bank, Ltd.,the in Daegu. A BIC has a single purpose: it makes sure that an international payment reaches the right bank. You will need it mostly when dealing with payments that cross a border.

Below we go through the practical side: money coming in from abroad, paying someone in another country and how to verify the code before you confirm a payment. The SWIFT code on its own cannot identify a personal account; for that you need the IBAN or account number .

Verifying the SWIFT code of Daegu Bank, Ltd.,the

Have the recipient copy their bank details straight from their online banking. Compare that code with DAEBKR22 here.

A wrong SWIFT code can cause delays, a returned payment or extra fees for investigation. An error in the IBAN or account number is a bigger problem because it can reach the wrong person; check it just as carefully.

A validity check in your banking app only tells you that the code is valid – not that it belongs to the person you mean to pay. Where available, a name check on the recipient gives an extra layer of safety. A small test payment is a sensible step for large sums.

Scams that use SWIFT codes

Fraudsters often send payment requests with changed bank details sent from what looks like a familiar address. A correct SWIFT code says nothing about whether the request is genuine – scammers simply use real codes.

Verify changed payment details through a different channel, never via the email that asked for the change. Watch out for time pressure, odd spelling or an email address that differs by one letter. When a payment was sent to a fraudster, contact your bank immediately.

People receiving money are targeted too: a classic trick is a buyer who pays too much and then sends a request to refund the difference. A screenshot of a transfer proves nothing – check your own account.

Paying someone abroad from your Daegu Bank, Ltd.,the account

If you transfer money to another country through Daegu Bank, Ltd.,the, the fee you see is only part of the cost. You pay the transfer fee, sometimes charges from correspondent banks along the way and, above all, the margin on the exchange rate when the money is converted.

Most of the cost usually sits in the exchange rate, not in the fee: many banks convert at a rate with a margin built in. A simple test: put the rate you get against the mid-market rate and work out the difference on your amount.

For many routes, a specialist provider is less expensive than a bank. GoldexPay compares these services next to each other, showing the amount the recipient gets before you commit. You can still use your account at Daegu Bank, Ltd.,the to fund the transfer; only the conversion and sending happen elsewhere.

Tracking a transfer to or from Daegu Bank, Ltd.,the

How quickly a transfer arrives at Daegu Bank, Ltd.,the is determined by a few things: which currency you send, how many intermediary banks are involved, daily processing deadlines and time zones. Payments made after the cut-off time or just before a weekend or public holiday often start the next business day. Sometimes a bank asks what the payment is for.

Many banks use SWIFT gpi, which lets them follow a payment from bank to bank. Each gpi transfer gets a unique transaction reference, the UETR that banks can use to trace it. Save your transfer receipt until the recipient confirms – you will need it for any trace request.

If the money does not arrive after a few business days, the person who paid needs to contact their own bank, not the receiving bank. Ask the sender for the payment receipt with the date and reference.

Which of the 2 codes of Daegu Bank, Ltd.,the do you need?

Daegu Bank, Ltd.,the has 2 separate SWIFT/BIC codes. One of them is the head office code, DAEBKR22XXX; the rest identify branches or departments.

Unless the recipient tells you otherwise, use DAEBKR22XXX. Only use a branch code when your contact explicitly asks for it, for example on a letter or invoice.

When in doubt, check with the recipient for the exact BIC in their bank details. Branch codes are sometimes changed or retired when banks reorganise, so a code from an old document is not always valid.

Where our SWIFT data comes from

This directory is compiled from publicly available sources and is updated regularly. It can happen that information on this page is no longer current after a merger or reorganisation. Counts and locations are from our own dataset and may differ from what Daegu Bank, Ltd.,the publishes.

For a payment of any size, always check the code with the recipient’s bank or the recipient. GoldexPay is an independent comparison service and not part of Daegu Bank, Ltd.,the. If you notice a mistake, we welcome a message.

Incoming international payments to Daegu Bank, Ltd.,the

For a transfer from abroad into your account at Daegu Bank, Ltd.,the, the sender needs not just the BIC. Share the account holder’s name, the IBAN or account number, the BIC DAEBKR22XXX and your address.

You can add the bank name and its city as well. Check the details before you share them – a sender rarely spots a mistake in someone else’s details.

Money from abroad will not always arrive for the full amount. Charges on incoming payments differ per bank. Make clear with the sender who covers the fees.

8 or 11 characters: DAEBKR22 versus DAEBKR22XXX

Every SWIFT/BIC code has the same eight core characters: four letters for the bank, a two-letter country code and a two-character location code. Together, these eight characters make up DAEBKR22 – the version you usually see online.

Many banks and apps work with both lengths. If a form requires eleven characters, enter DAEBKR22XXX.

Leave out spaces or dashes when you type DAEBKR22 or DAEBKR22XXX. A single character may route a payment to a different institution, so check it twice.