Samsung Electronics Nordic AB SWIFT/BIC code

Samsung Electronics Nordic AB SWIFT code: SECTSES1

The short code SECTSES1 and the full code SECTSES1XXX refer to one and the same institution: Samsung Electronics Nordic AB, with its head office in Stockholm. A BIC has a single purpose: it ensures that a cross-border transfer reaches the right bank. It comes up mainly for transfers between countries.

Further down we go through the practical questions: money coming in from abroad, paying someone in another country and how to verify the code before you confirm a payment. The SWIFT code on its own cannot identify an individual account holder; for that you need the account number or IBAN is for.

A note on our data

This directory is based on public sources and is updated regularly. Banks reorganise, change names and retire codes. The figures we show are based on what is in our directory.

See our directory on this page as a helpful check, and let the details from the recipient or Samsung Electronics Nordic AB have the final say. GoldexPay is not affiliated with Samsung Electronics Nordic AB, we only compare transfer services. Found outdated information? Tell us via our contact form so we can correct it.

8 or 11 characters: SECTSES1 versus SECTSES1XXX

The layout of every SWIFT code is always the same: a bank code of four letters, a two-letter country code and two for the location, sometimes followed by a branch code. Together, those parts form SECTSES1.

Many banks and apps work with either length. If a form asks for eleven characters, enter SECTSES1XXX, otherwise SECTSES1 is fine.

Type the code in one piece, in upper case and without separators, exactly as shown here. A single character may route a payment to another bank, so copy it carefully.

Paying Samsung Electronics Nordic AB in euros within SEPA

Sweden is a member of the Single Euro Payments Area (SEPA), where euro transfers follow common rules. When you send euros within SEPA, you normally only need the IBAN; many banks no longer ask for the BIC.

A SWIFT code like SECTSES1 does matter when the currency is not euros and when the money comes from outside SEPA. If a payment form asks for the BIC regardless, entering SECTSES1 is fine.

SEPA transfers normally land by the next business day; instant payments are faster if both banks offer them. As long as the payment stays in euros, the transfer is inexpensive; costs rise once a conversion is involved.

What to give a sender who pays you at Samsung Electronics Nordic AB

For an international payment at Samsung Electronics Nordic AB, the sender needs more than the SWIFT code. Give them the account holder’s name, your account number or IBAN, the BIC SECTSES1XXX and your address.

The sender’s bank may request the bank address of Samsung Electronics Nordic AB. Double-check each detail before you send them.

What lands in your account can be less than the amount sent. Intermediary banks may deduct a fee and your own bank may charge for processing, and when currencies differ, an exchange rate margin applies. For business payments, you can agree how the fees are split.

Changed bank details? Be careful

Stay alert when someone suddenly asks you to pay into another account. That SECTSES1 is a real code does not mean that the account is genuine.

Always confirm changed bank details through a phone call. Pressure or secrecy are warning signs. Already paid? Contact the bank you paid from without delay and have them start a recall; also report it to the police.

Recipients can be targeted as well: a classic trick is a buyer who pays too much and then sends a request to send back the difference. Wait until the money has really arrived – ask Samsung Electronics Nordic AB if something looks wrong.

How to check SECTSES1 before you pay

The most reliable source for the BIC is the recipient’s own bank details – an invoice, a statement or a screenshot from online banking. Check it against SECTSES1 on this page.

A wrong SWIFT code can cause delays, a payment being sent back or extra fees along the way. Remember the IBAN: a mistake there can be more difficult to undo than a wrong code.

An automatic check in your banking app only confirms that the code exists – not that it belongs to the person you mean to pay. Where available, a payee name check on the recipient adds an extra layer of safety. A small test payment is a sensible step for a large first payment, even if it costs an extra fee.

Sending SEK to Samsung Electronics Nordic AB

Sweden pays in the Swedish Krona. When you pay another currency, the amount has to be converted at some point – by your bank, by Samsung Electronics Nordic AB or by a bank in between. You rarely see a separate line for that conversion.

Where the conversion happens has an effect on how much arrives, since every bank sets its own rate. Compare what SEK the recipient gets via different services before choosing one.

Exchange rates change all the time, and some providers let you lock in a rate. For regular payments, a slightly better rate add up over a year.

When will the money arrive at Samsung Electronics Nordic AB?

How fast a transfer reaches Samsung Electronics Nordic AB is determined by a few things: the currency, how many intermediary banks are involved, cut-off times and time zones. Weekends and public holidays in either country can add extra days, since banks do not process on those days. Occasionally a bank asks about the purpose of a payment.

When a payment takes longer than expected, ask your bank about the tracking status or the UETR so they can trace it along the chain. Keep the payment confirmation; it contains the details a bank needs to start a trace.

Only the sending bank can start an official trace or a recall – the recipient’s bank often cannot see a payment that has not arrived. Request from the sender a copy of the payment confirmation including the reference; that often settles the question quickly.

Sending money abroad from Samsung Electronics Nordic AB

An international bank payment costs more than the listed fee. Besides the transfer fee, banks in between may deduct a fee, and when the money changes currency, the bank often applies a rate that is less favourable than the actual market rate.

The real cost is often in the rate: many banks convert at a rate with a margin built in. 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 use a rate near the mid-market rate and lower fees. Before your next transfer, take a minute comparing the total cost on GoldexPay instead of going straight to your bank. You can always keep your account at Samsung Electronics Nordic AB; only the conversion and sending happen elsewhere.

Samsung Electronics Nordic AB: head office code versus branch codes

With 3 codes in 2 locations, Samsung Electronics Nordic AB belongs to the banks that use separate codes for branches and departments. The head office code is SECTSES1XXX.

Usually there is no need to look up a branch: transfers sent to SECTSES1XXX are routed within Samsung Electronics Nordic AB without problems. Only use a branch code when the account holder gives you that exact code.

If you are not sure, ask the person you are paying which code their bank gave them. Codes for branches are more likely to be retired than the head office code.