Kyongnam Bank SWIFT/BIC code

Kyongnam Bank SWIFT code: KYNAKR22

Whether you are given KYNAKR22 or KYNAKR22XXX, it is the same identifier for Kyongnam Bank in South Korea. A BIC has a single purpose: it ensures that an international payment ends up at the right bank. You will need it mostly when dealing with transfers between countries.

We wrote this page to help people who receives money at an account at Kyongnam Bank and wants to get the details right. A SWIFT code names a bank or branch, never a specific account; the IBAN or account number does that.

International transfers from Kyongnam Bank: the real cost

An international bank payment can cost more than the listed fee. There is the transfer fee, possibly fees charged by intermediary banks in between and, most importantly, the margin on the exchange rate when the money is converted.

The markup on the rate tends to be the biggest cost, and it is easy to miss. Compare their rate with the mid-market rate; the gap is what conversion costs you.

Money transfer services frequently use a rate near the mid-market rate. Before your next transfer, it is worth comparing the total cost via GoldexPay instead of going straight to your bank. Using a transfer service does not require closing your account at Kyongnam Bank: you simply pay the service from your account.

Watch out for payment fraud

Fraudsters regularly send payment requests containing changed bank details, sometimes in an email that looks completely genuine. A valid SWIFT code tells you nothing about whether the request is genuine: scammers use real codes of real banks.

Before paying, confirm a change of bank details through a phone call, using a number you already had. Urgency and secrecy are red flags – a real supplier can wait a day. When a payment has already gone to a fraudster, contact your bank immediately: the sooner they act, the better the chance of a recall.

People receiving money are targeted too: one known trick is a buyer who pays too much and then sends a request to refund the difference. Wait until the money has really arrived – ask Kyongnam Bank if something looks wrong.

Is KYNAKR22 still correct? How to check

The safest source for the BIC is the recipient’s own bank details – an invoice, a statement or a screenshot from online banking. Compare that code against KYNAKR22 on this page; if they differ, ask before you pay.

If the code is wrong, the payment might get stuck, bounce back or cost extra, and tracing it can take weeks. An error in the account number is a bigger problem; check it just as carefully.

Most online banking apps validate the structure of an IBAN and some suggest the matching BIC, but that does not prove the account belongs to the right person. Some banks now compare the payee name against the account; take any warning seriously. When you pay someone new, many people start with a small test amount.

KYNAKR22 or KYNAKR22XXX – which one to use?

Each SWIFT/BIC code starts with an 8-character core: four letters for the bank, a two-letter country code and a two-character location code. The result is KYNAKR22 for Kyongnam Bank.

XXX at the end of KYNAKR22XXX does not stand for a missing value or an error: it stands for the main office of Kyongnam Bank. Some banking apps insist on 11 characters, in which case you can enter XXX after KYNAKR22.

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

Where our SWIFT data comes from

We collect bank codes using public sources and check our list from time to time. It can happen that information on this page is no longer current. Figures such as the number of codes are from our own dataset and may differ from what Kyongnam Bank publishes.

Treat this page as a reference, rather than as the last word. GoldexPay has no connection to Kyongnam Bank. Should you notice a mistake, we appreciate a message via the contact page.

Tracking a transfer to or from Kyongnam Bank

A SWIFT payment usually takes one to a few business days. Bank holidays in the sending or receiving country can add a day or more. Compliance checks by one of the banks may also add a delay, regardless of the details.

Many banks use SWIFT gpi, which lets them follow a payment from bank to bank. Each gpi transfer gets a unique reference, the UETR that banks can use to trace it. Keep the payment confirmation until the recipient confirms.

If a payment has not arrived after a few business days, the sender should contact their own bank rather than Kyongnam Bank. Request from the sender a copy of the payment confirmation; that often settles the question quickly.

Kyongnam Bank: head office code versus branch codes

Having 2 codes in 2 cities, Kyongnam Bank belongs to the banks that register separate codes for parts of the organisation. The main code remains KYNAKR22XXX.

Unless the recipient tells you otherwise, use KYNAKR22XXX. When you receive a branch code, use it as it is instead of swapping it with the head office code.

If you are not sure, check with the recipient for the exact BIC in their bank details. Codes for branches are more likely to be retired than the head office code when a bank merges or closes offices.

Receiving money from abroad at Kyongnam Bank

When you are waiting for money from abroad, send the payer a complete set of details. What they need is: your name, account number or IBAN, KYNAKR22XXX and often your postal address.

Certain sending banks want the address of Kyongnam Bank. A typo in your account number is harder to fix than it looks.

An incoming payment does not always land in full. Intermediary banks may deduct a fee and your own bank may charge for processing, and when currencies differ, an exchange rate margin applies. Agree with the sender who covers the fees before the money is sent.