Shinhan Investment Corp. SWIFT/BIC code

Shinhan Investment Corp. SWIFT code: SSISKRS1

The short code SSISKRS1 and the full code SSISKRS1XXX refer to one and the same institution: Shinhan Investment Corp., with its head office in Seoul. A SWIFT code tells the sending bank exactly which bank should receive the money, much like a postcode for banks. It comes up mostly for transfers between countries.

This page is meant to help people who sends money to an account at Shinhan Investment Corp. and wants to get the details right. The BIC names a bank or branch, not a specific account, which is why you always need the account number too.

What the XXX in SSISKRS1XXX means

Every SWIFT/BIC code has the same eight core characters: four letters for the bank, a two-letter country code and two characters for the location. Together, these eight characters form SSISKRS1, the code most people search for.

The 11-character version has three more characters that identify a branch or department. If the last three are XXX, they simply mean the head office, which is why SSISKRS1XXX and SSISKRS1 lead to the same place.

In practice the code is typed in capitals and without spaces. Copying the code is safer than retyping it.

Head office or branch code at Shinhan Investment Corp.?

Shinhan Investment Corp. has 5 separate SWIFT/BIC codes across 1 cities. One of them is the head office code, SSISKRS1XXX; the rest belong to branches or departments.

If nobody asks you for a branch code, use SSISKRS1XXX. Only use a branch code when your contact explicitly asks for it, for example on an invoice or in their bank details.

The safest approach is to copy the code straight from the recipient’s bank details. Branch codes are more likely to be retired than the head office code.

How long does an international transfer to Shinhan Investment Corp. take?

There is no fixed answer for every transfer: some arrive the same day or the next, others take several business days. Bank holidays in the sending or receiving country can add a day or more to the journey. Sometimes a bank wants to know about the purpose of a payment before releasing it.

If a transfer is delayed, ask your bank for the status and the transaction reference; with that reference banks can see where the payment is. Money transfer services usually provide a status online so you can see where the money has got.

If the money does not arrive after a few business days, the person who paid needs to start with their own bank. Request from the sender the payment receipt.

Receiving money from abroad at Shinhan Investment Corp.

When you are waiting for money from abroad, send the payer all details at once. That means: your name as registered with Shinhan Investment Corp., your IBAN or account number, the BIC SSISKRS1XXX and, often, your address.

You can include the bank name and Seoul as well, because some payment forms have separate fields for them. A typo in the IBAN is more trouble than it looks.

Money from abroad does not always land in full. Correspondent banks can take a fee, Shinhan Investment Corp. may charge for incoming payments, and when currencies differ, an exchange rate margin applies. Agree with the sender who pays which costs, especially for larger amounts.

Protect yourself against fake payment requests

Be alert when a contact suddenly asks you to pay into a different account abroad. A real SWIFT code tells you nothing about who owns the account – scammers simply use real codes.

Before paying, verify changed bank details by phone, using a number you already had. Watch out for urgent requests, unusual wording or an email address that differs by one letter. If a payment has already gone to the wrong account, contact your bank immediately – speed improves the chance of getting it back.

Fraud can also target the receiver: someone claims to have sent too much and asks you to return the extra. Do not act before the money has really arrived – ask Shinhan Investment Corp. if something looks wrong.

Is SSISKRS1 still correct? How to check

The most reliable place for the right code remains a document from the bank itself. If the code you have does not match SSISKRS1 or SSISKRS1XXX, do not guess.

Mistakes in the SWIFT code are annoying rather than disastrous: often the payment comes back, minus fees. Do not forget the IBAN: a mistake there is harder to correct than a wrong code.

Many banking apps validate the format of an IBAN and some suggest the matching BIC, but that does not prove the account belongs to the right person. Where available, a payee name check on the recipient gives extra certainty. A small test payment is worth it for a large first payment.

Where our SWIFT data comes from

The directory on GoldexPay is based on publicly available sources. Institutions reorganise, close branches and change codes, and a directory never catches every change immediately. Counts and locations come from our own dataset.

Treat the information on this page as a helpful check and rely on the recipient or Shinhan Investment Corp. for the final confirmation. We are an independent comparison site and not part of Shinhan Investment Corp.. If you notice something that is out of date, we welcome a short note via the contact page.

Paying someone abroad from your Shinhan Investment Corp. account

If you send money to another country from Shinhan Investment Corp., the visible fee is only part of what you pay. There is the transfer fee, possibly charges from correspondent banks along the way and, most importantly, the exchange rate markup when the money is converted.

Most of the cost usually sits in the exchange rate: many banks convert using an exchange rate with a margin built in. An easy check: put the rate you get against the mid-market rate and work out the difference on your amount.

Specialist money transfer services often use a rate near the mid-market rate. GoldexPay compares these services next to each other, showing the amount the recipient gets for the same amount sent. Choosing a specialist does not mean closing your account at Shinhan Investment Corp. – you pay the provider from your own account.