Samsung Electronics Ukraine Company SWIFT/BIC code

What SECTUAU1 means for a payment to Samsung Electronics Ukraine Company

The short code SECTUAU1 and the 11-character code SECTUAU1XXX identify one and the same institution: Samsung Electronics Ukraine Company, with its head office in Kiev. Every bank on the SWIFT network uses these codes to direct payments between countries to the right institution. In practice you mostly see it on international invoices, in payment forms and on the account details of Samsung Electronics Ukraine Company customers.

Below we go through the practical side: receiving money at Samsung Electronics Ukraine Company, paying someone in another country and how to verify a SWIFT code before you confirm a payment. The BIC names an institution, not a single account, which is why you always need the account number too.

8 or 11 characters: SECTUAU1 versus SECTUAU1XXX

A BIC is built from fixed blocks: characters one to four stand for the bank, characters five and six give the country and characters seven and eight mark the location. For Samsung Electronics Ukraine Company, the 8-character core is SECTUAU1.

Many banks and apps work with either length. If a form asks for eleven characters, enter SECTUAU1XXX; if it wants eight, use SECTUAU1.

In practice the code is typed in capitals, without spaces or dashes. Watch for the letter O and the digit 0 or the letter I and the digit 1.

Tracking a transfer to or from Samsung Electronics Ukraine Company

An international transfer usually takes anywhere from one to several business days – it depends on currency, route and the banks in between. Transfers sent after the cut-off time or on a weekend or public holiday usually start the next business day. Extra checks on larger or unusual payments may also add a delay.

If the money is delayed, contact the sending bank for the status and the transaction reference; with that reference banks can see where the payment is. Keep your transfer receipt until the money has arrived; it contains the details a bank needs to start a trace.

The bank that sent the money can request a trace or a recall – the recipient’s bank often cannot see a payment that has not arrived. As a recipient, you can look at your account for a partial amount because fees can reduce the amount.

Watch out for payment fraud

Be wary if a contact unexpectedly asks you to send money to another account. A real SWIFT code tells you nothing about who owns the account – scammers simply use real codes.

Verify changed payment details through a different channel, such as a phone number you already know, never via the email that asked for the change. Pressure and requests to keep it quiet are red flags – a real supplier can wait a day. Acted too fast? Call your bank without delay and have them try to recall the payment; also report it to the police.

Scams also target the receiver: someone sends more than agreed and wants you to return the difference via a different route. A payment confirmation from the sender is no proof.

Incoming international payments to Samsung Electronics Ukraine Company

Someone abroad who wants to pay you needs a few details from you – incomplete details often cause delays. Give them the account holder’s name, your account number or IBAN, SWIFT code SECTUAU1XXX and your address.

Certain sending banks want the address of Samsung Electronics Ukraine Company. A mistake in the IBAN can be more trouble than it looks; copy them from your banking app rather than typing.

Money from abroad does not always land for the full amount. Correspondent banks can take a fee and your own bank may charge for processing, and if the currency changes, an exchange rate margin applies. On invoices, it is common to state how the fees are split.

What a transfer from Samsung Electronics Ukraine Company abroad really costs

What you pay for an international transfer is made up of several parts, and the transfer fee is only the most visible one. You pay the transfer fee, possibly charges from correspondent banks in between and, above all, the margin on the exchange rate if the currency changes.

Many banks rarely list the margin on the rate separately – you only notice it if you compare. A simple test: set the bank’s rate against the mid-market rate for the same moment and look at the difference.

Specialist money transfer services often offer rates closer to the mid-market rate and lower fees. GoldexPay compares these services next to each other so you can see what actually arrives before you commit. Choosing a specialist does not mean leaving Samsung Electronics Ukraine Company – you pay the provider from your own account.

A note on our data

The codes here are taken from public sources that we update regularly. It is possible that a code on this page is no longer current. The number of codes on this page reflect what is in our directory and not on information from Samsung Electronics Ukraine Company itself.

Use this page as a starting point, rather than as the last word – the bank details from the recipient are leading. GoldexPay has no connection to Samsung Electronics Ukraine Company. Spotted outdated information? Tell us through the contact page so we can correct it.

Samsung Electronics Ukraine Company: head office code versus branch codes

Samsung Electronics Ukraine Company has 3 separate SWIFT/BIC codes across 1 cities. One of them is the head office code; the rest identify branches, and sometimes internal departments.

For the vast majority of payments to a private or business account, the head office code SECTUAU1XXX is the right choice. Just use a branch code when your contact gives you that exact code, for example on a letter or invoice.

When in doubt, ask the person you are paying for the exact BIC in their bank details. Branch codes are more likely to be retired than SECTUAU1XXX.

Before you send: check the Samsung Electronics Ukraine Company code

The most reliable source for the BIC is the bank details provided by the recipient: an invoice, a bank statement or their online banking. If the code you have differs from SECTUAU1 or SECTUAU1XXX, do not guess.

Errors in the BIC tend to be annoying more than disastrous: often the payment comes back, minus fees. An error in the IBAN or account number is more serious, because the money may be credited to someone else; check it just as carefully.

A format check by your bank only confirms that the code exists, not that it is the right account. More and more banks compare the payee name against the account – do not ignore a mismatch warning. For a first payment, many people send a small amount first and wait for confirmation.