Samsung Electronics Taiwan Co., LTD SWIFT/BIC code

SWIFT/BIC code of Samsung Electronics Taiwan Co., LTD

The short code SECTTWT1 and the 11-character code SECTTWT1XXX refer to the same bank: Samsung Electronics Taiwan Co., LTD in Taipei, Taiwan. A SWIFT code shows every bank in the chain which institution is meant to get the money, a bit like a postal address for banks. In daily life you mostly see it on invoices from abroad, in your banking app and on the account details of Samsung Electronics Taiwan Co., LTD customers.

Below we go through the practical questions: money coming in from abroad, paying someone in another country and how to check a SWIFT code before you confirm a payment. Remember that the BIC only identifies the bank, not the person: the account number or IBAN takes care of that.

Choosing between the 2 SWIFT codes of Samsung Electronics Taiwan Co., LTD

Our database contains 2 SWIFT/BIC codes for Samsung Electronics Taiwan Co., LTD. Besides the head office code SECTTWT1XXX, you will find codes for regional offices and specialised units.

If nobody asks you for a branch code, use SECTTWT1XXX or its short form SECTTWT1. Just use a branch code when the recipient explicitly asks for it, for example on an invoice or in their bank details.

The best way is to copy the code directly from the account holder’s invoice. Codes for branches are more prone to be retired than the head office code.

SECTTWT1 or SECTTWT1XXX – which one to use?

Every SWIFT/BIC code has the same eight core characters: four letters for the bank, two letters for the country and two characters for the location. Combined, those parts form SECTTWT1 – the version you usually see online.

Many banks and apps accept both lengths. If yours requires eleven characters, enter SECTTWT1XXX; if it wants eight, use SECTTWT1.

Enter the code in one piece, in capitals and without separators, exactly as shown here. Pasting the code beats retyping it: a typo can point to another bank.

Is SECTTWT1 still correct? How to check

Ask the recipient to copy the bank details directly from a recent statement. Compare that code with SECTTWT1 here.

If the code is wrong, the transfer might get stuck, be returned or cost extra. Remember the IBAN: an error there is more difficult to correct than a wrong code.

A format check by your bank only tells you that the IBAN is valid. More and more banks compare the payee name against the account; take any warning seriously. A small test payment can be worth it for a large first payment, even if it costs an extra fee.

Receiving money from abroad at Samsung Electronics Taiwan Co., LTD

Someone abroad who wants to pay you will ask for a few details about your account, and missing ones are a common cause of delays. That means: your name exactly as it appears on the account, your IBAN or account number, the BIC SECTTWT1XXX (or SECTTWT1) and usually your address.

You can add Samsung Electronics Taiwan Co., LTD and Taipei as well, since some forms ask for it. A mistake in your account number can be more trouble than it looks, so copy the details from your online banking.

Do not be surprised if the amount credited is smaller than what the sender paid. Intermediary banks may deduct a fee and your own bank may charge for processing, and if the money is converted, an exchange rate margin comes on top. Make clear with the sender who pays which costs, especially for larger amounts.

About this information

We gather bank codes from public sources and update our list regularly. It can happen that a code on this page is no longer current after a merger or reorganisation. Figures such as the number of codes are from our directory and are not confirmed by Samsung Electronics Taiwan Co., LTD.

Treat this page as a reference, not as the last word – the bank details from the recipient are leading. GoldexPay is not affiliated with Samsung Electronics Taiwan Co., LTD, we only compare transfer services. If you notice a mistake, we appreciate a short note via the contact page.

Changed bank details? Be careful

Stay alert if someone unexpectedly wants you to send money to another account or a bank in another country. A correct SWIFT code tells you nothing about whether the request is genuine.

Verify changed payment details through a different channel, not by replying to the message. Be suspicious of urgent requests, odd spelling or an email address that differs by one letter. If a payment was sent to the wrong account, contact your bank immediately: the sooner they act, the better the chance of a recall.

Scams can also target the receiver: someone claims to have sent more than agreed and asks you to refund the extra to a new account. Wait until the money is actually in your account.

How long does an international transfer to Samsung Electronics Taiwan Co., LTD take?

How fast a transfer arrives at Samsung Electronics Taiwan Co., LTD is determined by a few things: the currency, the number of banks in between, daily processing deadlines and differences in time zone. Transfers sent late in the day or on weekends and holidays usually go out the next business day. Compliance checks by one of the banks can also add a delay, even when all details are correct.

Many banks use SWIFT gpi, which lets them follow a payment from bank to bank. Every gpi transfer carries a unique transaction reference, the UETR, which your bank can use to see where the money is. Money transfer services usually show tracking in their app showing how far the money has got.

Only the sending bank is able to start an official trace or a recall; the receiving side usually has nothing to trace yet. Ask the sender for a copy of the payment confirmation; that often settles the question quickly.

What a transfer from Samsung Electronics Taiwan Co., LTD abroad really costs

If you send money to another country via Samsung Electronics Taiwan Co., LTD, the fee you see is rarely all of what you pay. You pay the transfer fee, sometimes fees charged by intermediary banks along the way and, most importantly, the margin on the exchange rate if the currency changes.

The real cost is often in the rate, not in the fee: the bank converts at a rate that includes a margin. Check the rate you are offered with the mid-market rate, the midpoint between buy and sell rates you see on financial sites. The difference is your real conversion cost.

Money transfer services often offer a rate near the mid-market rate. GoldexPay compares these services next to each other, showing what actually arrives for the same amount sent. Choosing a specialist does not mean closing your account at Samsung Electronics Taiwan Co., LTD: you simply pay the service from your account.