Thai Samsung Electronics Co.,ltd. SWIFT/BIC code

What SECTTHB1 means for a payment to Thai Samsung Electronics Co.,ltd.

SECTTHB1 and SECTTHB1XXX are two spellings of the same bank identifier, and both point to Thai Samsung Electronics Co.,ltd. in Chonburi. A BIC has a single purpose: it makes sure that a cross-border transfer reaches the right bank. In practice you usually see it on invoices from abroad, in payment forms and on the account details that Thai Samsung Electronics Co.,ltd. provides.

This page is meant to help anyone who sends money to an account at Thai Samsung Electronics Co.,ltd. without mistakes. Remember that the BIC only identifies the bank, not the account: the IBAN or account number takes care of that.

Paying someone abroad from your Thai Samsung Electronics Co.,ltd. account

When you send money abroad from Thai Samsung Electronics Co.,ltd., the visible fee is rarely all of what you pay. There is the fee for the transfer itself, possibly fees charged by intermediary banks along the way and, above all, the exchange rate markup.

Many banks rarely list the margin on the rate as a cost, but you pay it all the same. Check the rate you are offered with the mid-market rate – the rate you find on financial news sites; the gap is what conversion costs you.

Specialist money transfer services often use rates closer to the mid-market rate with clearer fees. Before your next transfer, it is worth to compare the total cost on GoldexPay. Choosing a specialist does not mean leaving Thai Samsung Electronics Co.,ltd..

Tracking a transfer to or from Thai Samsung Electronics Co.,ltd.

There is no fixed delivery time: some arrive within a day. Bank holidays in either country can add extra days to the journey. Extra checks on larger or unusual payments can also cause some delay.

A growing number of banks are connected to SWIFT gpi. Each gpi transfer gets a unique reference, the UETR. Save 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 needs to start with their own bank rather than Thai Samsung Electronics Co.,ltd.. On the receiving end, you can look at your account for a partial amount.

Where our SWIFT data comes from

The details on this page come from public sources that we update regularly. It can happen that a code here is no longer current, for example after a merger. The number of codes on this page are based on what is in our directory.

Treat our data as a starting point, rather than as the last word: the recipient’s bank details come first. We are a comparison site and not part of Thai Samsung Electronics Co.,ltd.. Found outdated information? Let us know via our contact form.

What the XXX in SECTTHB1XXX means

A SWIFT code is made up of a few fixed parts: the first four letters identify the bank, characters five and six show the country and characters seven and eight mark the location. The result is SECTTHB1, the short form of the code.

Many banks and apps work with either length. If yours asks for eleven characters, enter SECTTHB1XXX, otherwise SECTTHB1 is fine.

Leave out spaces when you type SECTTHB1; the code is always written in one block. A single character can send the money to another bank, so check it twice.

Sending THB to Thai Samsung Electronics Co.,ltd.

Accounts at Thai Samsung Electronics Co.,ltd. are usually held in THB, the national currency of Thailand. When you pay money in a different currency it has to be converted at some point. You rarely see a separate charge for the conversion.

Who converts the money makes a difference: every bank has its own margin. Often you pay less to send THB directly via a transfer service that converts near the mid-market rate rather than letting the receiving bank convert.

The THB rate changes throughout the day, so the amount you see is usually only valid for a short time. With bigger transfers, even seemingly small gap in the rate adds up quickly.

How to check SECTTHB1 before you pay

The most reliable source for a SWIFT code is the bank details provided by the recipient: an invoice, a bank statement or their online banking. Compare it with SECTTHB1 here and ask if anything does not match.

If the code is wrong, the payment might be delayed, bounce back or cost extra. A mistake in the IBAN or account number is a bigger problem.

A validity check in your banking app merely tells you that the code is valid – not that it belongs to the person you mean to pay. Some banks now check the name with the account; take any warning seriously. Sending a small amount first is worth it for a large first payment, even if it costs an extra fee.

Choosing between the 2 SWIFT codes of Thai Samsung Electronics Co.,ltd.

Thai Samsung Electronics Co.,ltd. uses 2 different SWIFT/BIC codes. Only one is the head office code, SECTTHB1XXX; the rest identify branches.

If nobody asks you for a branch code, go with SECTTHB1XXX. When you receive a specific code, stick to it instead of swapping it with the head office code.

Unsure which code to use? Ask the recipient, or look at a recent statement from Thai Samsung Electronics Co.,ltd.. Branch codes are more prone to change than SECTTHB1XXX.

Scams that use SWIFT codes

A common scam goes like this: you receive a request saying that a supplier has new bank details. A real SWIFT code says nothing about whether the request is genuine – scammers simply use real codes.

Always verify a change of bank details by phone, using a number you already had. Watch out for time pressure, odd spelling or an email address that differs by one letter. When money has already gone to a fraudster, contact your bank immediately – speed improves the chance of getting it back.

Fraud can also work the other way: someone sends more than agreed and asks you to refund the difference via a different route. Wait until the money is actually in your account and check with Thai Samsung Electronics Co.,ltd. if anything seems off.

Receiving money from abroad at Thai Samsung Electronics Co.,ltd.

A sender in another country will ask for a few details about your account. What they need is: your name, IBAN or account number, SECTTHB1XXX or SECTTHB1 and, for some countries, your postal address.

It helps to include Thai Samsung Electronics Co.,ltd. and its city as well, because some payment forms have separate fields for them. Check every detail before you share them – a sender rarely spots a mistake in someone else’s details.

An incoming payment will not always arrive for the full amount. Intermediary banks may deduct a fee, Thai Samsung Electronics Co.,ltd. may charge for incoming payments, and if the currency changes, a markup on the rate comes on top. For business payments, it is common to state how the fees are split to avoid a shortfall.