Shinhan Bank SWIFT/BIC code

Shinhan Bank SWIFT code: SHBKKRSE

SHBKKRSE and SHBKKRSEXXX are two ways of writing the same SWIFT/BIC code, and both point to Shinhan Bank in Seoul. Every bank on the SWIFT network uses these codes to direct international transfers to the correct bank. In daily life you usually come across it on international invoices, in payment forms and on the account details of Shinhan Bank customers.

On this page you will find what the code is put together, when it matters and which other details you need for a transfer to or from Shinhan Bank. A SWIFT code names an institution, never a specific account, which is why you always need the account number too.

Changed bank details? Be careful

Stay alert when someone unexpectedly asks you to send money to another account or a bank in another country. A correct SWIFT code tells you nothing about whether the request is genuine.

Never trust a phone number in the same message that contains the new account. Urgency and requests to keep it quiet are red flags; a genuine business can wait for you to check. Acted too fast? Call the bank you paid from straight away and ask them to start a recall; also report it to the police.

People receiving money are targeted too: one known trick is an overpayment followed by a request to send back the difference abroad. Do not act before the money is actually in your account and check with Shinhan Bank if anything seems off.

Before you send: check the Shinhan Bank code

The best place to find the correct BIC remains a document from the bank itself like a bank statement or the account page in online banking. Compare it against SHBKKRSE here; if they differ, ask before you pay.

Mistakes in the SWIFT code are costly rather than fatal. An error in the IBAN or account number is a bigger problem because it can reach the wrong person; check it just as carefully.

An automatic check by your bank merely tells you that the IBAN exists – not that it belongs to the person you mean to pay. Where available, a payee name check before sending gives extra certainty. For a first payment, some people send a small test amount before sending the rest.

A note on our data

We collect SWIFT/BIC codes from public sources and update them from time to time. Banks reorganise, close branches and change codes – a directory can be a step behind. The figures on this page are based on what is in our directory and not on information from Shinhan Bank itself.

Treat the information here as a handy check, and let the details from the recipient or Shinhan Bank have the final say. We are a comparison service and not affiliated with Shinhan Bank. Spotted an error? Let us know via our contact form so we can correct it.

Paying someone abroad from your Shinhan Bank account

What you pay for a payment abroad has several parts – not just the fee on your screen. On top of a fixed fee, banks in between may take a cut, and when currencies are converted the bank usually applies a rate that is less favourable than the real market rate.

That exchange rate margin tends to be the largest cost, and it is easy to miss. Compare the rate you are offered against the mid-market rate. The difference is your real conversion cost.

Money transfer services often use a rate near the mid-market rate. GoldexPay lists transfer providers next to each other, showing the amount the recipient gets for the same amount sent. You can always keep your account at Shinhan Bank; only the conversion and sending happen elsewhere.

Receiving money from abroad at Shinhan Bank

For a transfer from abroad at Shinhan Bank, the sender has to have not just the SWIFT code. In practice that means: your full name as registered with Shinhan Bank, your account number or IBAN, the SWIFT/BIC code SHBKKRSEXXX and usually your postal address.

The sender’s bank might also ask for the bank address of Shinhan Bank. Double-check each detail before you share them, because the sender’s bank usually copies them as is.

What lands in your account can be lower than the amount sent. Correspondent banks can take a fee and your own bank may charge for processing, and when currencies differ, a markup on the rate applies. Make clear with the sender who pays which costs, especially for larger amounts.

8 or 11 characters: SHBKKRSE versus SHBKKRSEXXX

A BIC is made up of fixed blocks: the first four letters stand for the bank, characters five and six show the country and the two after that indicate the location. The result is SHBKKRSE for Shinhan Bank.

The long version has a three-character extension that identify a branch or department. When those three characters are XXX, the code points to the head office.

Enter the code in one piece, in capitals and without spaces. Pasting the code beats typing it by hand, because one wrong letter changes the bank.

Transfer times and tracking a payment to Shinhan Bank

There is no single answer: some land the same day or the next while others need several business days. Payments made late in the day or on weekends and holidays usually start a business day later. Compliance checks by one of the banks may also add a delay, regardless of the details.

If the money seems delayed, contact the sending bank for the status and the transaction reference; with that reference banks can see where the payment is. Money transfer services often show a status in their app showing how far the payment is.

If the money does not arrive after a few business days, the person who paid should start with their own bank, not the receiving bank. On the receiving end, it helps to look at your statements to see a slightly lower amount because fees can reduce the amount.

Head office or branch code at Shinhan Bank?

Our database contains 5 SWIFT/BIC codes for Shinhan Bank. Next to the head office code SHBKKRSEXXX, there are codes for individual branches and departments.

Unless the recipient tells you otherwise, go with SHBKKRSEXXX or its short form SHBKKRSE. Only use a branch code when the recipient explicitly asks for it, for example on a letter or invoice.

Unsure which code to use? Ask the recipient or the bank itself. Codes can change over time, so do not rely on old paperwork.