Samsung Securities (Europe) Limited SWIFT/BIC code

SAERGB21 – the SWIFT/BIC code of Samsung Securities (Europe) Limited

The 8-character code SAERGB21 and the full code SAERGB21XXX identify the same bank: Samsung Securities (Europe) Limited, with its head office in London. The code does one job: it ensures that a cross-border transfer reaches the right bank. In daily life you usually come across the code on invoices from abroad, in payment forms and on the account details of Samsung Securities (Europe) Limited customers.

On this page you will find how the code means, when you need it and which other details a transfer to or from Samsung Securities (Europe) Limited requires. Remember that the SWIFT code only identifies the bank, not the account: the account number or IBAN takes care of that.

Why Samsung Securities (Europe) Limited has an 8- and an 11-character code

A SWIFT code is made up of a few fixed parts: characters one to four stand for the bank, characters five and six show the country and characters seven and eight mark the location. That gives you SAERGB21 for Samsung Securities (Europe) Limited.

Most payment forms accept either length. If a form requires eleven characters, use SAERGB21XXX, otherwise SAERGB21 is fine.

Leave out spaces when you type SAERGB21; the code is always written in one block. Copying the code beats typing it by hand, because one wrong letter changes the bank.

What a transfer from Samsung Securities (Europe) Limited abroad really costs

A bank transfer abroad costs more than the fee suggests. There is the fee for the transfer itself, sometimes fees charged by intermediary banks in between and, most importantly, the exchange rate markup.

Banks rarely list their exchange rate markup separately – you only notice it if you compare. Compare their rate with the mid-market rate.

For many currency pairs, a specialist provider turns out to be cheaper than a traditional bank transfer. GoldexPay compares these services side by side, showing what actually arrives for the same amount sent. You can always use your account at Samsung Securities (Europe) Limited to fund the transfer.

SEPA payments and the Samsung Securities (Europe) Limited BIC

Since United Kingdom is in the SEPA zone, a euro transfer into Samsung Securities (Europe) Limited from another SEPA country usually requires just the IBAN. Many banks do not require the BIC for these payments or fill it in for you.

The BIC still come into play when the currency is not euros, and for transfers from outside SEPA. Some forms still show a field for the BIC; if so, enter SAERGB21 or SAERGB21XXX.

Instant euro transfers have become increasingly available within SEPA; check with Samsung Securities (Europe) Limited whether it applies to your account. Fees for SEPA payments are generally low.

Is SAERGB21 still correct? How to check

The most reliable place for the right code remains paperwork issued by the bank. Compare it against SAERGB21 here and ask if anything does not match.

If the code is wrong, the payment may be delayed, bounce back or cost extra, and tracing it can take weeks. Remember the account number: a mistake there can be more difficult to undo than a wrong code.

Many banking apps check the structure of an IBAN – that confirms the format, not the owner. More and more banks compare the name against the account – do not ignore a mismatch warning. A small test payment can be worth it for large sums despite the extra fee.

Incoming international payments to Samsung Securities (Europe) Limited

When you are waiting for a payment from another country, give the sender all details at once. That means: your full name exactly as it appears on the account, your IBAN or account number, the SWIFT/BIC code SAERGB21XXX (or SAERGB21) and sometimes your address.

Some sending banks also ask for the name and address of Samsung Securities (Europe) Limited; it does no harm to include it. Double-check each detail before you send them – a sender rarely spots a mistake in someone else’s details.

The amount you receive can be lower than what was sent. Correspondent banks can take a fee and your own bank may charge for processing, and when currencies differ, a markup on the rate comes on top. For business payments, it is common to state how the fees are split, so that nobody is left short.

About this information

The directory on GoldexPay is compiled from public sources and we update it periodically. Institutions reorganise, close branches and change codes, and a directory never catches every change immediately. The number of codes we show are based on what is in our directory.

Before any payment of any size, always check the BIC with the recipient’s bank or the recipient. GoldexPay is independent of Samsung Securities (Europe) Limited; we are a comparison site for money transfers. Spotted outdated information? Tell us via our contact form and we will look into it.

When will the money arrive at Samsung Securities (Europe) Limited?

An international transfer typically takes one to a few business days, depending on the currency, the route and the banks involved. Bank holidays in the sending or receiving country can add extra days. Compliance checks on larger or unusual payments may also add a delay, even when all details are correct.

When a payment takes longer than expected, ask your bank about the status or the UETR; with that reference banks can see where the payment is. Keep your transfer receipt – you will need it for any trace request.

If the money does not arrive after a few business days, the sender needs to contact the bank that sent it. Ask the sender for the payment receipt.

Paying into Samsung Securities (Europe) Limited in GBP

Most accounts at Samsung Securities (Europe) Limited are usually held in GBP, the national currency of United Kingdom. If you send money in a different currency it has to be converted somewhere along the way – by your bank, by Samsung Securities (Europe) Limited or by a bank in between. There is rarely a separate line for the conversion – the cost sits in the rate.

Where the conversion happens has an effect on how much arrives, as rates and margins differ per bank. Transferring the amount directly in GBP often prevents an extra conversion at the receiving end.

Rates for GBP change during the day, and some providers let you lock in a rate. With bigger transfers, a small difference in the rate can be worth more than the fee.

Choosing between the 2 SWIFT codes of Samsung Securities (Europe) Limited

Samsung Securities (Europe) Limited uses 2 separate SWIFT/BIC codes across 1 locations. Only one is the head office code, SAERGB21XXX; the others identify branches or departments.

For the vast majority of payments to a private or business account, the head office code SAERGB21XXX is what you need. Just use a branch code when the account holder gives you that exact code.

Not sure which code applies? Check with the recipient. Codes for branches are more likely to be retired than the head office code when a bank merges or closes offices.

Watch out for payment fraud

A common scam goes like this: an email arrives with a message saying that a company now has a new bank account. The fact that SAERGB21 exists is no guarantee that the account is legitimate – fraudsters use real bank codes as well.

Verify changed payment details via a separate channel, such as a phone number you already know, never via the email that asked for the change. Be suspicious of urgent requests, odd spelling or a sender address that is slightly off. When money was sent to a fraudster, call your bank right away.

Scams can also target the receiver: someone claims to have sent more than agreed and asks you to return the difference via a different route. A screenshot of a transfer proves nothing – check your own account.