Hana Financial Investment Co., LTD. SWIFT/BIC code

Hana Financial Investment Co., LTD. SWIFT code: HAFVKRS1

HAFVKRS1 and HAFVKRS1XXX are the short and the long form of the same SWIFT/BIC code, and both point to Hana Financial Investment Co., LTD. in Seoul. A SWIFT code tells every bank in the chain which institution should receive the money, much like a postcode for banks. You will need it mainly for payments that cross a border.

Below we go through the practical questions: money coming in from abroad, sending money abroad and how to verify the code before you confirm a payment. Remember that the SWIFT code just identifies the bank, not the account: the account number or IBAN takes care of that.

How up to date is this code?

The codes here come from public sources which we refresh regularly. Banks reorganise, change names and retire codes, and a directory never catches every change immediately. Figures such as the number of codes come from our own dataset and are not confirmed by Hana Financial Investment Co., LTD..

Before a payment of any size, always confirm the code with the recipient’s bank or the recipient. GoldexPay has no connection to Hana Financial Investment Co., LTD.. If you notice a mistake, we appreciate a message.

Tracking a transfer to or from Hana Financial Investment Co., LTD.

How fast a transfer arrives at Hana Financial Investment Co., LTD. depends on a few things: which currency you send, the number of banks in between, cut-off times and differences in time zone. Transfers sent after the cut-off time or just before a weekend or public holiday usually start a business day later. Sometimes a bank asks what the payment is for, which can hold things up.

If the money seems delayed, ask the sending bank for the status; with that reference banks can see where the payment is. Save your transfer receipt until the recipient confirms; it contains the details a bank needs to start a trace.

The bank that sent the money is able to request a trace. On the receiving end, you can check your statements to see a partial amount.

Changed bank details? Be careful

Be alert when someone unexpectedly wants you to pay into another account abroad. A valid SWIFT code says nothing about who owns the account.

Do not rely on contact details in the same message that announces the new account. Urgency and requests to keep it quiet are warning signs; a genuine business can wait for you to check. When a payment was sent to the wrong account, contact your bank immediately – speed improves the chance of getting it back.

Recipients are targeted too: one known trick is a buyer who pays too much followed by a request to refund the difference to another account. A screenshot of a transfer proves nothing.

International transfers from Hana Financial Investment Co., LTD.: the real cost

If you send money to another country via Hana Financial Investment Co., LTD., the fee you see is rarely all of the cost. Besides the transfer fee, banks in between can take a cut, and if the money changes currency the bank often applies a rate that is less favourable than the actual market rate.

Many banks rarely list their exchange rate markup separately – you only notice it if you compare. Check the rate you are offered against the mid-market rate, the midpoint between buy and sell rates you see on financial sites. The difference is your real conversion cost.

For a lot of currency pairs, a specialist provider turns out to be less expensive than a traditional bank transfer. GoldexPay compares these services side by side, showing the amount the recipient gets for the same amount sent. You can always use your account at Hana Financial Investment Co., LTD. as the source of the money; only the conversion and sending happen elsewhere.

Which of the 2 codes of Hana Financial Investment Co., LTD. do you need?

Our database contains 2 SWIFT/BIC codes for Hana Financial Investment Co., LTD., spread over 1 locations. Besides the head office code HAFVKRS1XXX, there are codes for individual branches and departments.

For most incoming transfers, the head office code HAFVKRS1XXX is what you need. Branch codes are only needed when the recipient’s bank specifically asks for it, which is more common for corporate accounts and trade services.

When in doubt, check with the recipient for the exact BIC in their bank details. Codes for branches are more likely to be retired than HAFVKRS1XXX.

Why Hana Financial Investment Co., LTD. has an 8- and an 11-character code

Every SWIFT/BIC code starts with an 8-character core: four letters for the bank, a two-letter country code and two characters for the location. Combined, these eight characters make up HAFVKRS1, the code most people search for.

The full version adds three more characters for a branch or department. If the last three are XXX, the code points to the head office.

Enter the code in one piece, in upper case and without separators, exactly as shown here. Pasting the code is safer than typing it by hand.

Receiving money from abroad at Hana Financial Investment Co., LTD.

If you expect a payment from another country, give the sender a complete set of details. The basics are: the account holder’s name, IBAN or account number, HAFVKRS1XXX or HAFVKRS1 and, for some countries, your postal address.

You can include Hana Financial Investment Co., LTD. and Seoul as well, because some payment forms have separate fields for them. A mistake in your account number can be more trouble than you might think; copy them from your banking app rather than typing.

The amount you receive is often lower than what was sent. Intermediary banks may deduct a fee, Hana Financial Investment Co., LTD. may charge for incoming payments, and when currencies differ, a markup on the rate applies. On invoices, you can state how the fees are split, so that nobody is left short.

Before you send: check the Hana Financial Investment Co., LTD. code

The best place to find the right code remains paperwork issued by the bank. Compare it with HAFVKRS1 on this page; if they differ, ask before you pay.

A wrong SWIFT code may lead to delays, a returned payment or extra fees. A mistake in the IBAN or account number can be a bigger problem, because the money may be credited to someone else.

An automatic check in your banking app merely confirms that the code exists, not that it is the right account. More and more banks check the name against the account; take any warning seriously. A small test payment is worth it for large sums despite the extra fee.