Samsung Electronics Switzerland GMBH SWIFT/BIC code

SECTCHZ1 – the SWIFT/BIC code of Samsung Electronics Switzerland GMBH

Whether a recipient gives you SECTCHZ1 or SECTCHZ1XXX, it is the identical address for Samsung Electronics Switzerland GMBH in Switzerland. The code does one job: it ensures that an international payment ends up at the right bank. You will need it mostly when dealing with transfers between countries or a currency.

On this page we explain how the code means, when you need it and what else you need for a transfer to or from Samsung Electronics Switzerland GMBH. The SWIFT code alone does not identify a personal account; for that you need the IBAN or account number is for.

Sending CHF to Samsung Electronics Switzerland GMBH

Most accounts at Samsung Electronics Switzerland GMBH are typically held in CHF, the national currency. Money sent in a different currency will be exchanged into CHF, and whoever converts it chooses the rate. Each conversion eats into the amount.

Where the conversion happens affects how much arrives, since every bank sets its own rate. In many cases you pay less to send CHF directly through a transfer service with a good rate.

Exchange rates change during the day. For regular payments, small differences in the rate add up over time.

Changed bank details? Be careful

Stay wary when a contact suddenly asks you to pay into another account or a bank in another country. A real SWIFT code tells you nothing about whether the request is genuine: scammers use real codes of real banks.

Do not rely on contact details from the same email that contains the change. Be suspicious of time pressure, odd spelling or an email address that differs by one letter. When a payment has already gone to a fraudster, contact your bank immediately: the sooner they act, the better the chance of a recall.

People receiving money can be targeted as well: a classic trick is an overpayment and then sends a request to refund the difference abroad. A screenshot of a transfer proves nothing – check your own account.

International transfers from Samsung Electronics Switzerland GMBH: the real cost

A bank transfer abroad can cost rather more than the fee suggests. You pay the transfer fee, sometimes charges from correspondent banks in between and, most importantly, the margin on the exchange rate if the currency changes.

Banks rarely list their exchange rate markup as a cost – you only notice it if you compare. A simple test: put the rate you get next to the mid-market rate and look at the difference.

Specialist money transfer services frequently offer rates closer to the mid-market rate with clearer fees. Next time you send money, it is worth to compare the total cost via GoldexPay rather than accepting the bank’s rate by default. You can always use your account at Samsung Electronics Switzerland GMBH to fund the transfer, while a cheaper service handles the conversion.

When will the money arrive at Samsung Electronics Switzerland GMBH?

How fast a payment arrives at Samsung Electronics Switzerland GMBH is determined by several factors: the currency, the number of banks in between, cut-off times and differences in time zone. Payments made late in the day or just before weekends and holidays often start the next business day. Occasionally a bank wants to know what the payment is for, which can hold things up.

Many banks are connected to SWIFT gpi for faster and traceable payments. Every gpi transfer gets a unique reference, the UETR. Keep the payment confirmation until the money has arrived; it contains the details a bank needs to start a trace.

If the money does not arrive within the expected time, the sender should contact the bank that sent it rather than Samsung Electronics Switzerland GMBH. As a recipient, you can look at your statements to see a partial amount because fees can reduce the amount.

Choosing between the 2 SWIFT codes of Samsung Electronics Switzerland GMBH

Samsung Electronics Switzerland GMBH uses 2 different SWIFT/BIC codes across 1 locations. One of them is the head office code; the others identify branches or departments.

For the vast majority of incoming transfers, the head office code SECTCHZ1XXX is the right choice. Only use a branch code when the recipient explicitly asks for it, for example on a letter or invoice.

The safest route is to copy the code straight from the recipient’s invoice. Codes for branches are more prone to be retired than SECTCHZ1XXX.

Where our SWIFT data comes from

The codes here come from public sources. Even so, banks merge, rename themselves or change codes. The figures we show reflect what is in our directory, not official figures from Samsung Electronics Switzerland GMBH.

Treat this page as a reference, not as the final word: the recipient’s bank details come first. GoldexPay is an independent comparison service for money transfers and not part of Samsung Electronics Switzerland GMBH. Found outdated information? Let us know via our contact form so we can correct it.

SECTCHZ1 or SECTCHZ1XXX – which one to use?

A SWIFT code is made up of fixed blocks: characters one to four identify the bank, the next two show the country and the two after that mark the location. That gives you SECTCHZ1 for Samsung Electronics Switzerland GMBH.

Most banks and apps accept either length. If yours asks for eleven characters, use SECTCHZ1XXX.

In practice the code is typed in capitals, without spaces or dashes. Look out for O versus 0 or the letter I and the digit 1; they are easy to mix up.

Paying Samsung Electronics Switzerland GMBH in euros within SEPA

Within the SEPA zone, euro payments to Samsung Electronics Switzerland GMBH follow common rules. A field for the BIC is usually optional or missing in that case.

For anything other than euros and from non-SEPA countries, SECTCHZ1XXX remains required. If your banking app has a field for the BIC regardless, entering SECTCHZ1 does no harm.

Euro payments within SEPA normally land within one business day. Provided no currency is converted, a SEPA transfer tends to be inexpensive; costs rise once a conversion is involved.

Getting paid from abroad into a Samsung Electronics Switzerland GMBH account

If you expect money from abroad, give the sender everything they need in one go. Give them the account holder’s name, your account number or IBAN, SWIFT code SECTCHZ1XXX and your address.

Their bank may request the bank address of Samsung Electronics Switzerland GMBH. A typo in the IBAN can be harder to fix than you might think.

The amount you receive can be lower than the amount sent. Fees for incoming transfers vary from bank to bank. For business payments, you can state who bears the costs to avoid a shortfall.

How to check SECTCHZ1 before you pay

The safest source for the BIC is the bank details provided by the recipient. Compare that code with SECTCHZ1 here and ask if anything does not match.

A wrong SWIFT code can cause a delay, a returned payment or additional charges for investigation. A mistake in the account number can be more serious, because the money may be credited to someone else, so check that just as carefully.

A format check in your banking app merely confirms that the code is valid – not that it belongs to the person you mean to pay. More and more banks compare the payee name with the account – do not ignore a mismatch warning. For a first payment, some people send a small amount first and wait for confirmation.