Jeonbuk Bank SWIFT/BIC code

What JEONKRSE means for a payment to Jeonbuk Bank

JEONKRSE and JEONKRSEXXX are two ways of writing the same bank identifier, and both lead to Jeonbuk Bank in Seoul. A BIC has a single purpose: it ensures that a cross-border transfer ends up at the right bank. In practice you mostly come across it on international invoices, in your banking app and on the account details that Jeonbuk Bank provides.

Below you will find the practical questions: receiving money at Jeonbuk Bank, sending money abroad and how to check a SWIFT code before you confirm a payment. Remember that the BIC only identifies the bank, not the account: the IBAN or account number does that part.

Tracking a transfer to or from Jeonbuk Bank

How quickly a transfer arrives at Jeonbuk Bank depends on a few things: which currency you send, the number of banks in between, cut-off times and time zones. Bank holidays in either country add extra days. Occasionally a bank asks what the payment is for before releasing it.

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, which your bank can use to see where the money is. Money transfer services usually provide a status online showing where the payment is.

If a payment has not arrived within the expected time, the sender should start with their own bank, not the receiving bank. Request from the sender a copy of the payment confirmation including the reference; that often settles the question quickly.

Jeonbuk Bank: head office code versus branch codes

Our directory lists 3 SWIFT/BIC codes for Jeonbuk Bank, spread over 2 locations. Next to the head office code JEONKRSEXXX, there are codes for regional offices and specialised units.

If nobody asks you for a branch code, go with JEONKRSEXXX or its short form JEONKRSE. Only use a branch code when the account holder gives you that exact code, for example on an invoice or in their bank details.

The best way is to copy the code directly from the account holder’s statement. Codes for branches are more prone to change than JEONKRSEXXX when a bank merges or closes offices.

8 or 11 characters: JEONKRSE versus JEONKRSEXXX

A SWIFT code is made up of a few fixed parts: characters one to four stand for the bank, characters five and six give the country and the two after that mark the location. The result is JEONKRSE.

XXX at the end of JEONKRSEXXX does not stand for a missing value or a mistake: it indicates the main office of Jeonbuk Bank. Certain payment forms ask for 11 characters, and then you simply enter XXX after JEONKRSE.

Type the code in one piece, in upper case and without spaces. Copying the code is safer than retyping it: a typo can point to another bank.

Incoming international payments to Jeonbuk Bank

To receive an international payment into your account at Jeonbuk Bank, the person paying you needs more than the BIC. That means: your name as registered with Jeonbuk Bank, your account number or IBAN, the BIC JEONKRSEXXX (or JEONKRSE) and, often, your address.

You can include Jeonbuk Bank and Seoul too. Double-check each detail before you send them.

An incoming payment will not always land for the full amount. Intermediary banks may deduct a fee, and when currencies differ, a markup on the rate applies. Make clear with the sender who covers the fees.

Where our SWIFT data comes from

We collect bank codes using publicly available data and update our list from time to time. Banks reorganise, change names and retire codes, and a directory never catches every change immediately. Counts and locations come from our directory and are not confirmed by Jeonbuk Bank.

Treat our directory here as a helpful check, and let the details from the recipient or Jeonbuk Bank have the final say. GoldexPay is an independent comparison site for money transfers and not affiliated with Jeonbuk Bank. Found outdated information? Tell us through the contact page so we can correct it.

International transfers from Jeonbuk Bank: the real cost

What you pay for a payment abroad has more than one component – not just the fee on your screen. There is the transfer fee, possibly fees charged by intermediary banks along the way and, above all, the exchange rate markup if the currency changes.

The real cost is often in the rate, rather than in the fee: many banks convert using an exchange rate that includes a margin. Compare their rate with 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 transfer service is less expensive than a traditional bank transfer. On GoldexPay you can compare what recipients receive across services. You can always use your account at Jeonbuk Bank; only the conversion and sending happen elsewhere.

Verifying the SWIFT code of Jeonbuk Bank

The most reliable place for the right code is a document from the bank itself like a bank statement or the account page in online banking. Compare it against JEONKRSE on this page and ask if anything does not match.

Errors in the BIC tend to be costly rather than disastrous. Do not forget the IBAN: an error there is harder to undo than a wrong code.

Most online banking apps validate the format of IBANs, but that does not prove the account belongs to the right person. Some banks now compare the payee name with the account before you confirm. For a first payment, many people start with a small amount first before sending the rest.

Changed bank details? Be careful

Criminals often use payment requests containing new bank details, sometimes in an email that looks completely genuine. That JEONKRSE is a real code is no guarantee that the account is genuine – fraudsters use real bank codes as well.

Verify new payment details through a different channel, not by replying to the message. Watch out for urgent requests, unusual wording or an email address that differs by one letter. When money was sent to a fraudster, call your bank right away – speed improves the chance of getting it back.

Scams can also work the other way. Someone claims to have sent too much and asks you to refund the extra. A payment confirmation from the sender proves nothing.