Samsung Securities Co.,ltd. SWIFT/BIC code

SAMCKRS1 – the SWIFT/BIC code of Samsung Securities Co.,ltd.

SAMCKRS1 and SAMCKRS1XXX are two spellings of the same bank identifier, and both point to Samsung Securities Co.,ltd. in Seoul. A BIC has a single purpose: it makes sure that money from abroad reaches the right bank. In practice you mostly see it on invoices from abroad, in your banking app and in the bank details of Samsung Securities Co.,ltd. customers.

This page is meant to help people who pays into an account at Samsung Securities Co.,ltd. and wants to get the details right. A SWIFT code names a bank or branch, never a specific account.

Getting paid from abroad into a Samsung Securities Co.,ltd. account

For a transfer from abroad at Samsung Securities Co.,ltd., the sender needs more than the SWIFT code. Give them your name as the bank knows it, the IBAN or account number, SWIFT code SAMCKRS1XXX and your address, which some banks require.

Certain banks want the name and address of Samsung Securities Co.,ltd. in Seoul, so keep it at hand. Double-check the details before you send them – a sender rarely spots a mistake in someone else’s details.

An incoming payment will not always arrive in full. Correspondent banks can take a fee and your own bank may charge for processing, and if the money is converted, a markup on the rate comes on top. For business payments, it is common to agree who bears the costs.

Changed bank details? Be careful

Stay alert when a contact unexpectedly asks you to send money to another account abroad. A correct SWIFT code tells you nothing about who owns the account: scammers use real codes of real banks.

Before paying, confirm a change of bank details through a phone call. Be suspicious of time pressure, odd spelling or an email address that differs by one letter. Already paid? Contact the bank you paid from straight away and have them try to recall the payment; also report it to the police.

Fraud can also work the other way. Someone sends more than agreed and asks you to refund the extra via a different route. Do not act before the money has really arrived.

About this information

The codes here are taken from publicly available data. Institutions reorganise, change names and retire codes – a directory can be a step behind. The number of codes we show are based on what is in our directory, not official figures from Samsung Securities Co.,ltd..

Use our data as a starting point, rather than as the last word. GoldexPay is a comparison service and not affiliated with Samsung Securities Co.,ltd.. Found outdated information? Tell us through the contact page.

Before you send: check the Samsung Securities Co.,ltd. code

The safest source for a SWIFT code is the recipient’s own bank details. Check that code against SAMCKRS1 on this page; if they differ, ask before you pay.

With a wrong code, the payment may get stuck, bounce back or cost extra. Remember the account number: a mistake there can be harder to undo than a wrong code.

Many banking apps check the format of IBANs and sometimes look up the BIC automatically, but that does not prove the account belongs to the right person. Where available, a name check on the recipient adds an extra layer of safety. Sending a small amount first can be worth it for a large first payment.

Which of the 3 codes of Samsung Securities Co.,ltd. do you need?

Having 3 codes, Samsung Securities Co.,ltd. belongs to the banks that register separate codes for branches and departments. The head office code remains SAMCKRS1XXX.

For most payments to a private or business account, the head office code SAMCKRS1XXX works fine. Just use a branch code when your contact explicitly asks for it.

Unsure which code applies? Ask the recipient or the bank itself. Branch codes can change over time, so a code from an old document is not always valid.

8 or 11 characters: SAMCKRS1 versus SAMCKRS1XXX

Every SWIFT/BIC code starts with an 8-character core: four letters for the bank, two letters for the country and a two-character location code. The result is SAMCKRS1 for Samsung Securities Co.,ltd..

Most banks and apps accept both lengths. If yours asks for eleven characters, use SAMCKRS1XXX; if it wants eight, use SAMCKRS1.

In practice the code is typed in capitals, without spaces or dashes. Pasting the code is safer than typing it by hand, because one wrong letter changes the bank.

Tracking a transfer to or from Samsung Securities Co.,ltd.

How quickly a payment reaches Samsung Securities Co.,ltd. is determined by a few things: the currency, the number of banks in between, cut-off times and differences in time zone. Bank holidays in either country add a day or more, since banks do not process on those days. Extra checks on larger or unusual payments may also add some delay, even when all details are correct.

If a transfer seems delayed, ask your bank for the status and the transaction reference. Save the payment confirmation until the money has arrived – you will need it for any trace request.

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 – it helps your own bank look for the money.

What a transfer from Samsung Securities Co.,ltd. abroad really costs

What you pay for a payment abroad has several parts, and the transfer fee is only the most visible one. You pay the transfer fee, sometimes charges from correspondent banks along the way and, above all, the exchange rate markup if the currency changes.

Many banks do not show their exchange rate markup separately, but you pay it all the same. An easy check: put the rate you get next to the mid-market rate and work out the difference on your amount.

Money transfer services frequently offer a rate near the mid-market rate. Next time you send money, take a minute comparing the total cost via GoldexPay. You can always keep your account at Samsung Securities Co.,ltd. to fund the transfer, while a cheaper service handles the conversion.