Standard Chartered Bank Korea Limited SWIFT/BIC code

What SCBLKRSE means for a payment to Standard Chartered Bank Korea Limited

Whether a recipient gives you SCBLKRSE or SCBLKRSEXXX, it is the same identifier for Standard Chartered Bank Korea Limited in South Korea. A SWIFT code shows the sending bank which institution should receive the money, a bit like a postal address for banks. You will need it mostly for payments that cross a border and payments in foreign currencies.

We wrote this page to help anyone who sends money to an account at Standard Chartered Bank Korea Limited without mistakes. Keep in mind that the SWIFT code just identifies the bank, not the account: the IBAN or account number takes care of that.

Scams that use SWIFT codes

Scammers often use payment requests containing new bank details sent from what looks like a familiar address. A correct SWIFT code says nothing about whether the request is genuine.

Verify new bank details through a different channel like a call to a number from an earlier contract. Watch out for time pressure, odd spelling or an email address that differs by one letter. Acted too fast? Contact your bank without delay and have them try to recall the payment; also report it to the police.

Recipients can be targeted as well: a classic trick is an overpayment and then sends a request to send back the difference to another account. A screenshot of a transfer proves nothing.

How to check SCBLKRSE before you pay

The most reliable source for a SWIFT code is the recipient’s own bank details. When the code you were given does not match SCBLKRSE or SCBLKRSEXXX, do not guess – contact the recipient or Standard Chartered Bank Korea Limited.

An incorrect BIC can cause a delay, a returned payment or additional charges along the way. A mistake in the account number can be more serious because it can reach the wrong person.

Most online banking apps validate the structure of IBANs and some suggest the matching BIC, but that does not prove the account belongs to the right person. If your bank offers it, a name check on the recipient gives an extra layer of safety. For a first payment, many people start with a small test amount before sending the rest.

Getting paid from abroad into a Standard Chartered Bank Korea Limited account

If you are waiting for money from abroad, send the payer all details at once. In practice that means: your full name as registered with Standard Chartered Bank Korea Limited, your IBAN or account number, the BIC SCBLKRSEXXX and usually your postal address.

It helps to include the bank name and Seoul too, because some payment forms have separate fields for them. Check every detail before you share them – a sender rarely spots a mistake in someone else’s details.

Expect that the amount credited is smaller than the amount on the sender’s receipt. Fees for incoming transfers differ per bank; check the price list of Standard Chartered Bank Korea Limited. For business payments, you can state how the fees are split to avoid a shortfall.

How up to date is this code?

We gather SWIFT/BIC codes from publicly available data and check them regularly. It is possible that a code here is no longer current. Figures such as the number of codes are from our own dataset.

Treat our data as a starting point, not as the final word: the recipient’s bank details come first. GoldexPay is independent of Standard Chartered Bank Korea Limited; we are a comparison site for money transfers. If you notice a mistake, we welcome a message via the contact page.

How long does an international transfer to Standard Chartered Bank Korea Limited take?

There is no single answer: many arrive the same day or the next while others need several business days. Transfers sent late in the day or just before a weekend or public holiday usually start a business day later. Sometimes a bank asks about the purpose of a payment, which can hold things up.

A growing number of banks are connected to SWIFT gpi for faster and traceable payments. Each payment carries a unique transaction reference, the UETR that banks can use to trace it. Specialist transfer services usually show a status online showing how far the payment has got.

The bank that sent the money can start an official trace. Request from the sender the payment receipt including the reference.

Sending money abroad from Standard Chartered Bank Korea Limited

A bank transfer abroad can cost rather more than the listed fee. Besides a fixed fee, correspondent or intermediary banks can take a cut, and if the money changes currency, the bank often uses a rate that is less favourable than the actual market rate.

Banks do not list their exchange rate markup as a cost. Check their rate against the mid-market rate, the midpoint between buy and sell rates you see on financial sites; the gap is what conversion costs you.

For a lot of routes, a specialist provider is less expensive than a traditional bank transfer. Next time you send money, it is worth to compare what arrives on GoldexPay rather than accepting the bank’s rate by default. You can still use your account at Standard Chartered Bank Korea Limited to fund the transfer.

Choosing between the 2 SWIFT codes of Standard Chartered Bank Korea Limited

Having 2 codes in 1 locations, Standard Chartered Bank Korea Limited belongs to the banks that use separate codes for parts of the organisation and departments. The main code remains SCBLKRSEXXX.

If nobody asks you for a branch code, go with SCBLKRSEXXX. Just use a branch code when the recipient gives you that exact code, for example on an invoice or in their bank details.

The best way is to take the code directly from the account holder’s bank details. Branch codes are sometimes changed or retired over time.

8 or 11 characters: SCBLKRSE versus SCBLKRSEXXX

A BIC is built from fixed blocks: characters one to four identify the bank, characters five and six show the country and characters seven and eight indicate the location. That gives you SCBLKRSE for Standard Chartered Bank Korea Limited.

Most payment forms work with either length. If a form asks for eleven characters, enter SCBLKRSEXXX, otherwise SCBLKRSE is fine.

In practice the code is written in capitals. Pasting the code beats retyping it, because one wrong letter changes the bank.