Bao Chen Securities Co LTD SWIFT/BIC code

SWIFT/BIC code of Bao Chen Securities Co LTD

BACTTWT1 and BACTTWT1XXX are the short and the long form of the same bank identifier, and both lead to Bao Chen Securities Co LTD in Kaohsiung. A BIC does one job: it makes sure that a cross-border transfer ends up at the right bank. It comes up mostly for transfers between countries.

We wrote this page to help people who sends money to an account at Bao Chen Securities Co LTD without mistakes. A SWIFT code names an institution, never a specific account; the IBAN or account number does that.

Choosing between the 4 SWIFT codes of Bao Chen Securities Co LTD

Our directory lists 4 SWIFT/BIC codes for Bao Chen Securities Co LTD. Next to the head office code BACTTWT1XXX, you will find codes for individual branches and departments.

For most payments to a private or business account, the head office code BACTTWT1XXX works fine. Branch codes are only needed when the account holder explicitly asks for it.

The best way is to copy the code directly from the account holder’s statement. Codes can change when banks reorganise, so a code from an old document is not always valid.

Scams that use SWIFT codes

Stay alert if someone unexpectedly wants you to send money to a different account abroad. A real SWIFT code says nothing about who owns the account – scammers simply use real codes.

Before paying, verify a change of bank details through a phone call on a number you know, not one from the message. Watch out for time pressure, unusual wording or an email address that differs by one letter. If a payment was sent 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: one known trick is an overpayment and then sends a request to refund the difference abroad. A screenshot of a transfer is no proof – check your own account.

Where our SWIFT data comes from

Our SWIFT/BIC directory is based on public sources and is updated regularly. Even so, banks merge or change codes, so information can be out of date. The figures on this page are based on our own data, not official figures from Bao Chen Securities Co LTD.

See the information on this page as a handy check and rely on the recipient or Bao Chen Securities Co LTD for the final confirmation. GoldexPay is a comparison site and not part of Bao Chen Securities Co LTD. Spotted an error? Tell us through the contact page.

Verifying the SWIFT code of Bao Chen Securities Co LTD

The most reliable source for a SWIFT code is the recipient’s own bank details: an invoice, a bank statement or their online banking. Compare it with BACTTWT1 on this page; if they differ, ask before you pay.

With a wrong code, the payment may get stuck, bounce back or cost extra, and tracing it can take weeks. An error in the IBAN or account number can be a bigger problem, because the money may be credited to someone else.

Many banking apps validate the structure of IBANs and sometimes look up the BIC automatically, but that does not prove the account belongs to the right person. Where available, a name check on the recipient adds extra certainty. Sending a small amount first can be worth it for large sums, even if it costs an extra fee.

Incoming international payments to Bao Chen Securities Co LTD

When you are waiting for money from abroad, send the payer everything they need in one go. The basics are: the account holder’s name, IBAN or account number, BACTTWT1XXX and in many cases your home address.

It helps to include the bank name and its city as well, because some payment forms have separate fields for them. A mistake in your account number is harder to fix than you might think, so copy the details from your online banking.

Money from abroad will not always arrive in full. Correspondent banks can take a fee, and if the money is converted, an exchange rate margin comes on top. For business payments, it is common to state how the fees are split, so that nobody is left short.

Sending money abroad from Bao Chen Securities Co LTD

What you pay for a payment abroad has more than one component. You pay the transfer fee, sometimes fees charged by intermediary banks along the way and, above all, the margin on the exchange rate when the money is converted.

The markup on the rate is often the biggest item even though it is not listed as a fee. A simple test: 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. On GoldexPay we compare the amount that arrives with different providers, so you can pick the cheapest route. You can still use your account at Bao Chen Securities Co LTD.

Tracking a transfer to or from Bao Chen Securities Co LTD

There is no single delivery time: many land within a day while others need several business days. Bank holidays in either country add a day or more to the journey. Sometimes a bank asks about the purpose of a payment, which can hold things up.

Many banks use SWIFT gpi. 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.

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. Ask the sender for a copy of the payment confirmation including the reference; that often settles the question quickly.

Why Bao Chen Securities Co LTD has an 8- and an 11-character code

The structure of every SWIFT code never changes: a bank code of four letters, two for the country and two for the location, sometimes followed by a branch code. Combined, those parts make up BACTTWT1.

XXX at the end of BACTTWT1XXX does not stand for a placeholder or an error: it stands for the head office of Bao Chen Securities Co LTD. Some forms insist on 11 characters, and then you simply add XXX after BACTTWT1.

Enter the code as one block, in upper case and without spaces, exactly as shown here. Look out for O versus 0 or I versus 1; they are easy to mix up.