Keb Hana Bank SWIFT/BIC code

Keb Hana Bank SWIFT code: KOEXKRSE

If an invoice shows KOEXKRSE or KOEXKRSEXXX, it is the same identifier for Keb Hana Bank in South Korea. A SWIFT code shows the banks handling a payment exactly which bank should receive the money, a bit like a postal address for banks. In practice you mostly come across it on invoices from abroad, in your banking app and on the account details of Keb Hana Bank customers.

We wrote this page to help anyone who receives money at an account at Keb Hana Bank. Remember that the BIC just identifies the bank, not the person: the IBAN or account number takes care of that.

Receiving money from abroad at Keb Hana Bank

Someone abroad who wants to pay you will ask for several details about your account – incomplete details often cause delays. What they need is: your name, account number or IBAN, KOEXKRSEXXX or KOEXKRSE and, for some countries, your home address.

Some banks also ask for the name and address of Keb Hana Bank, so keep it at hand. Double-check every detail before you share them – a sender rarely spots a mistake in someone else’s details.

Money from abroad will not always land in full. Correspondent banks can take a fee and your own bank may charge for processing, and if the currency changes, a markup on the rate comes on top. Agree with the sender who pays which costs.

Which of the 4 codes of Keb Hana Bank do you need?

Keb Hana Bank uses 4 separate SWIFT/BIC codes across 1 locations. One of them is the head office code, KOEXKRSEXXX; the rest identify branches.

In most cases there is no need to look up a branch: transfers addressed to KOEXKRSEXXX reach Keb Hana Bank without problems. A branch code only makes sense if the recipient’s bank specifically asks for it.

Unsure which code applies? Ask the recipient. Branch codes are more prone to change than KOEXKRSEXXX.

Is KOEXKRSE still correct? How to check

The most reliable place for the correct BIC is paperwork issued by the bank like a bank statement or the account page in online banking. When the code you were given differs from KOEXKRSE or KOEXKRSEXXX, do not guess.

If the code is wrong, the transfer might be delayed, be returned or cost extra, and tracing it can take weeks. Remember the account number: an error there is harder to undo than a wrong BIC.

A format check in your banking app only tells you that the IBAN exists – not that it belongs to the person you mean to pay. More and more banks check the name against the account before you confirm; take any warning seriously. A small test payment can be a sensible step for large sums despite the extra fee.

Where our SWIFT data comes from

Our SWIFT/BIC directory is based on public sources. Still, banks merge, rename themselves or change codes. Figures such as the number of codes come from our directory and are not confirmed by Keb Hana Bank.

See the information here as a handy check and rely on the recipient or Keb Hana Bank for the final confirmation. GoldexPay is not affiliated with Keb Hana Bank. Spotted outdated information? Tell us via our contact form and we will look into it.

KOEXKRSE or KOEXKRSEXXX – which one to use?

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

The 11-character version adds a three-character extension for a branch or department. If the last three are XXX, the code points to the head office.

As a rule the code is typed in capitals, without spaces or dashes. Copying the code is safer than typing it by hand: a typo can point to another bank.

International transfers from Keb Hana Bank: the real cost

An international bank payment costs rather more than the listed fee. You pay the transfer fee, sometimes charges from correspondent banks along the way and, most importantly, the exchange rate markup.

The real cost is often in the rate: the bank converts at a rate with a margin built in. Check the rate you are offered with the mid-market rate, the midpoint between buy and sell rates you see on financial sites. The difference is your real conversion cost.

Specialist money transfer services frequently offer rates closer to the mid-market rate. GoldexPay lists these services side by side, showing what actually arrives for the same amount sent. You can always keep your account at Keb Hana Bank.

Protect yourself against fake payment requests

Fraudsters regularly send payment requests containing changed bank details. A valid SWIFT code says nothing about who owns the account.

Do not rely on a phone number from the same email that announces the new account. Watch out for urgent requests, unusual wording or an email address that differs by one letter. Already paid? Contact the bank you paid from straight away and ask them to start a recall and report the fraud.

People receiving money are targeted too: a classic trick is a buyer who pays too much and then sends a request to send back the difference abroad. Wait until the money has really arrived.

Tracking a transfer to or from Keb Hana Bank

There is no fixed delivery time for every transfer: some arrive within a day, others take several business days. Weekends and public holidays in either country can add a day or more. 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. Every gpi transfer carries a unique reference, the UETR. Keep the payment confirmation until the recipient confirms; it contains the details a bank needs to start a trace.

Only the sending bank can start an official trace. On the receiving end, it helps to look at your statements for a partial amount.