Samsung Electronics Istanbul Marketing and Trading LTD Company SWIFT/BIC code

SWIFT/BIC code of Samsung Electronics Istanbul Marketing and Trading LTD Company

Whether you are given SECTTRI1 or SECTTRI1XXX, it is the identical identifier for Samsung Electronics Istanbul Marketing and Trading LTD Company in Türkiye. A SWIFT code tells the banks handling a payment exactly which bank should receive the money, much like a postcode for banks. It comes up mostly for transfers between countries and payments in foreign currencies.

Further down you will find the practical questions: money coming in from abroad, sending money abroad and how to check the code before you hit send. The BIC names a bank or branch, never a specific account, which is why you always need the account number too.

Head office or branch code at Samsung Electronics Istanbul Marketing and Trading LTD Company?

Samsung Electronics Istanbul Marketing and Trading LTD Company uses 2 different SWIFT/BIC codes across 1 cities. Only one is the head office code; the others identify branches or departments.

For most incoming transfers, the head office code SECTTRI1XXX is what you need. Just use a branch code when your contact explicitly asks for it, for example on an invoice or in their bank details.

Unsure which code applies? Ask the recipient or the bank itself. Branch codes can change when banks reorganise, so a code from an old document is not always valid.

Sending money abroad from Samsung Electronics Istanbul Marketing and Trading LTD Company

The price of an international transfer has more than one component – not just the fee on your screen. Besides the transfer fee, banks in between may deduct a fee, and when the money changes currency the bank usually uses a rate that is less favourable than the real market rate.

The real cost is often in the rate, not in the fee: the bank converts using an exchange rate with a margin built in. Check the rate you are offered against the mid-market rate, the midpoint between buy and sell rates you see on financial sites; the gap is what conversion costs you.

Money transfer services often offer rates closer to the mid-market rate and lower fees. On GoldexPay we compare the amount that arrives across providers, so you can pick the cheapest route. You can always use your account at Samsung Electronics Istanbul Marketing and Trading LTD Company; only the conversion and sending happen elsewhere.

Transfer times and tracking a payment to Samsung Electronics Istanbul Marketing and Trading LTD Company

A SWIFT payment usually takes anywhere from one to several business days. Weekends and public holidays in either country can add a day or more. Compliance checks on larger or unusual payments can also cause some delay, regardless of the details.

Many banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Each payment 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 so you can see how far the money has got.

A missing payment is traced from the sending side. Ask the sender for the payment receipt – it helps your own bank look for the money.

The Turkish Lira and what conversion costs you

Türkiye uses the Turkish Lira, code TRY. If you send money in a different currency, the amount gets converted at some point. Every conversion costs something.

Who converts the payment makes a difference. Transferring the amount directly in TRY often avoids an extra conversion at the receiving end – as long as your own rate is good.

Rates for TRY move during the day. If you pay regularly, small differences in the rate make a real difference over a year.

How to check SECTTRI1 before you pay

The best place to find the correct BIC is paperwork issued by the bank. If the code you have does not match SECTTRI1 or SECTTRI1XXX, do not guess.

Errors in the SWIFT code are annoying more than disastrous – usually the money comes back, minus fees and time lost. Remember the IBAN: a mistake there can be more difficult to correct than a wrong BIC.

An automatic check by your bank merely tells you that the code exists. Where available, a payee name check on the recipient gives extra certainty. When you pay someone new, some people send a small amount first and wait for confirmation.

SECTTRI1 or SECTTRI1XXX – which one to use?

The structure of a BIC is always the same: a bank code of four letters, a two-letter country code and a two-character location code, sometimes followed by a branch code. That gives you SECTTRI1, the short form of the code.

The 11-character version adds three more characters for a branch or department. When those three characters are XXX, they simply mean the head office, so SECTTRI1XXX and SECTTRI1 are interchangeable.

Type the code in one piece, in capitals and without spaces, exactly as shown here. Watch for the letter O and the digit 0 or I versus 1.

About this information

The details on this page are taken from public sources. Even so, banks merge or change codes, so information can be out of date. The number of codes on this page reflect our own data and not on information from Samsung Electronics Istanbul Marketing and Trading LTD Company itself.

Treat the information on this page as a helpful check. GoldexPay is an independent comparison site for money transfers and not affiliated with Samsung Electronics Istanbul Marketing and Trading LTD Company. If you notice something that is out of date, we appreciate a message.

Getting paid from abroad into a Samsung Electronics Istanbul Marketing and Trading LTD Company account

If you are waiting for a payment from another country, send the payer everything they need in one go. In practice that means: your name as registered with Samsung Electronics Istanbul Marketing and Trading LTD Company, your account number or IBAN, the SWIFT/BIC code SECTTRI1XXX (or SECTTRI1) and usually your postal address.

It helps to include Samsung Electronics Istanbul Marketing and Trading LTD Company 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.

What lands in your account can be lower than what was sent. Charges on incoming payments differ per bank. For business payments, it is common to agree who bears the costs, so that nobody is left short.

Watch out for payment fraud

Stay alert when a contact unexpectedly wants you to send money to another account or a bank in another country. A correct SWIFT code tells you nothing about who owns the account: scammers use real codes of real banks.

Never rely on contact details in the same message that contains the change. Urgency or secrecy are warning signs. When a payment has already gone to the wrong account, call your bank right away: the sooner they act, the better the chance of a recall.

Scams also target the receiver: someone claims to have sent more than agreed and wants you to return the difference to a new account. Wait until the money is actually in your account – ask Samsung Electronics Istanbul Marketing and Trading LTD Company if something looks wrong.