The Hongkong and Shanghai Banking Corporation Limited, Seoul Branch SWIFT/BIC code

HSBCKRSE – the SWIFT/BIC code of The Hongkong and Shanghai Banking Corporation Limited, Seoul Branch

HSBCKRSE and HSBCKRSEXXX are the short and the long form of the same SWIFT/BIC code, and both lead to The Hongkong and Shanghai Banking Corporation Limited, Seoul Branch in Seoul. Banks worldwide use these codes to direct payments between countries to the correct bank. It comes up mainly for payments that cross a border or a currency.

On this page you can read what the code means, when it matters and which other details you need for a transfer to or from The Hongkong and Shanghai Banking Corporation Limited, Seoul Branch. The SWIFT code alone cannot identify a personal account; for that you need the account number or IBAN is for.

Tracking a transfer to or from The Hongkong and Shanghai Banking Corporation Limited, Seoul Branch

There is no single answer for international payments: some land the same day or the next, others take several business days. Transfers sent late in the day or on weekends and holidays usually go out the next business day. Compliance checks on larger or unusual payments can also add some delay, even when all details are correct.

Many banks are connected to SWIFT gpi for faster and traceable payments. Every gpi transfer carries a unique transaction reference, the UETR, which your bank can use to see where the money is. Keep your transfer receipt until the money has arrived – you will need it for any trace request.

If the money does not arrive after a few business days, the sender needs to start with the bank that sent it, not the receiving bank. As a recipient, you can check your account for a partial amount because fees can reduce the amount.

The Hongkong and Shanghai Banking Corporation Limited, Seoul Branch: head office code versus branch codes

The Hongkong and Shanghai Banking Corporation Limited, Seoul Branch has 3 different SWIFT/BIC codes. Only one is the head office code, HSBCKRSEXXX; the rest belong to branches or departments.

For the vast majority of payments to a private or business account, the head office code HSBCKRSEXXX is the right choice. When you receive a specific code, use it as it is instead of swapping it with the head office code.

The best way is to take the code directly from the recipient’s statement. Branch codes are sometimes changed or retired when banks reorganise.

Protect yourself against fake payment requests

Criminals regularly use payment requests containing changed bank details sent from what looks like a familiar address. That HSBCKRSE is a real code does not mean that the account is legitimate – fraudsters use real bank codes as well.

Before paying, verify changed bank details through a phone call. Pressure and secrecy are warning signs. When money has already gone to a fraudster, call your bank right away – speed improves the chance of getting it back.

Recipients are targeted too: a classic trick is an overpayment and then sends a request to refund the difference to another account. A payment confirmation from the sender proves nothing – check your own account.

How up to date is this code?

We collect SWIFT/BIC codes from public sources and update them from time to time. Banks merge, close branches and retire codes, and a directory never catches every change immediately. Figures such as the number of codes are from our directory.

Treat our data as a reference, rather than as the last word – the bank details from the recipient are leading. GoldexPay has no connection to The Hongkong and Shanghai Banking Corporation Limited, Seoul Branch, we only compare transfer services. Spotted outdated information? Tell us via our contact form and we will look into it.

What to give a sender who pays you at The Hongkong and Shanghai Banking Corporation Limited, Seoul Branch

When you are waiting for money from abroad, give the sender all details at once. The basics are: the account holder’s name, IBAN or account number, HSBCKRSEXXX or HSBCKRSE and, for some countries, your postal address.

You can add The Hongkong and Shanghai Banking Corporation Limited, Seoul Branch and its city too, since some forms ask for it. A typo in your account number can be more trouble than it looks, so copy the details from your online banking.

The amount you receive is often less than what was sent. Charges on incoming payments differ per bank; check the price list of The Hongkong and Shanghai Banking Corporation Limited, Seoul Branch. Agree with the sender who covers the fees.

HSBCKRSE or HSBCKRSEXXX – which one to use?

Each SWIFT/BIC code starts with the same eight core characters: a four-letter bank code, a two-letter country code and a two-character location code. Combined, these eight characters form HSBCKRSE, the code most people search for.

The 11-character version has three more characters for a branch or department. When those three characters are XXX, they simply mean the head office, which is why HSBCKRSEXXX and HSBCKRSE lead to the same place.

Do not add spaces or dashes when you type HSBCKRSE; the code is always written in one block. A single character can send a payment to a different institution, so copy it carefully.

Sending money abroad from The Hongkong and Shanghai Banking Corporation Limited, Seoul Branch

A bank transfer abroad can cost more than the fee suggests. Besides a fixed fee, banks in between can deduct a fee, and if the money changes currency, the bank often uses a rate below the real market rate.

Banks rarely list their exchange rate markup separately. A simple test: set the bank’s rate next to the mid-market rate and work out the difference on your amount.

For many routes, a specialist provider turns out to be less expensive than a bank – mostly thanks to the rate. GoldexPay compares the amount that arrives with different services, so you can pick the cheapest route. Using a transfer service does not mean closing your account at The Hongkong and Shanghai Banking Corporation Limited, Seoul Branch – you pay the provider from your own account.

How to check HSBCKRSE before you pay

The safest source for the BIC is the recipient’s own bank details. Compare it with HSBCKRSE on this page and ask if anything does not match.

A wrong SWIFT code may lead to a delay, a returned payment or extra fees. Do not forget the account number: an error there can be more difficult to correct than a wrong BIC.

A format check in your banking app merely tells you that the code exists – not that it belongs to the person you mean to pay. Some banks now compare the payee name against the account before you confirm – do not ignore a mismatch warning. Sending a small amount first can be worth it for large sums despite the extra fee.