Shinhan Bank America SWIFT/BIC code

SWIFT/BIC code of Shinhan Bank America

SHBKUS6L and SHBKUS6LXXX are two ways of writing the same bank identifier, and both lead to Shinhan Bank America in Los Angeles,ca. The code does one job: it makes sure that an international payment ends up at the right bank. It comes up mostly when dealing with transfers between countries.

On this page you can read what the code means, when it matters and which other details a transfer to or from Shinhan Bank America requires. Remember that the SWIFT code just identifies the bank, not the account: the account number or IBAN does that part.

Watch out for payment fraud

A common scam goes like this: you receive a request saying that a contact has a new bank account and asking you to pay there from now on. That SHBKUS6L is a real code does not mean that a request mentioning it is legitimate; criminals use the codes of real banks too.

Never trust a phone number from the same email that contains the new account. Watch out for time pressure, odd spelling or a sender address that is slightly off. If money was sent to the wrong account, contact your bank immediately: the sooner they act, the better the chance of a recall.

Scams also work the other way: someone claims to have sent more than agreed and wants you to refund the extra to a new account. A payment confirmation from the sender is no proof – check your own account.

Choosing between the 3 SWIFT codes of Shinhan Bank America

Shinhan Bank America uses 3 separate SWIFT/BIC codes. Only one is the head office code, SHBKUS6LXXX; the rest belong to branches or departments.

In most cases there is no need to pick a branch: payments sent to SHBKUS6LXXX reach Shinhan Bank America without problems. A branch code only makes sense when the recipient’s bank specifically mentions it.

If you are not sure, check with the recipient which code their bank gave them. Branch codes are more likely to change than SHBKUS6LXXX when a bank merges or closes offices.

Tracking a transfer to or from Shinhan Bank America

There is no fixed answer for international payments: many land the same day or the next while others need several business days. Bank holidays in either country add extra days, since banks do not process on those days. Extra checks by one of the banks may also cause a delay, even when all details are correct.

A growing number of banks use SWIFT gpi for faster and traceable payments. Every gpi transfer carries a unique reference, the UETR, which your bank can use to see where the money is. Specialist transfer services usually provide a status in their app so you can see how far the money has got.

If a payment has not arrived after a few business days, the sender needs to contact the bank that sent it. As a recipient, it helps to check your account for a partial amount because fees can reduce the amount.

Paying into Shinhan Bank America in USD

United States uses the US Dollar, with the currency code USD. Money sent in a different currency will be converted into USD. Every conversion costs something.

Who does the conversion affects how much arrives, as rates and margins differ per bank. Compare how much USD arrives via different providers.

The rate for USD changes throughout the day, so the amount you see is usually only valid for a short time. If you pay regularly, a slightly better rate add up over a year.

How up to date is this code?

Our SWIFT/BIC directory is compiled from publicly available sources. It is possible that information here is no longer current after a merger or reorganisation. The figures on this page reflect our own data.

Before a payment of any size, check the BIC with the recipient’s bank or the recipient. We are an independent comparison site for money transfers and not affiliated with Shinhan Bank America. If you notice something that is out of date, we appreciate a short note via the contact page.

Getting paid from abroad into a Shinhan Bank America account

To receive an international payment into your account at Shinhan Bank America, the person paying you has to have not just the BIC. In practice that means: your name as registered with Shinhan Bank America, your IBAN or account number, the BIC SHBKUS6LXXX and usually your address.

Some banks want the bank’s address in Los Angeles,ca, so keep it at hand. A mistake in the IBAN is more trouble than you might think; copy them from your banking app rather than typing.

The amount you receive can be less than what was sent. Charges on incoming payments differ from bank to bank – the price list of Shinhan Bank America tells you what applies. For business payments, it is common to agree how the fees are split, so that nobody is left short.

How to check SHBKUS6L before you pay

The most reliable place for the right code remains a document from the bank itself, such as a statement or the account details in online banking. When the code you were given does not match SHBKUS6L or SHBKUS6LXXX, do not guess: check with the recipient or with Shinhan Bank America directly.

With a wrong code, the payment might be delayed, bounce back or end up costing more. An error in the account number can be more serious; check it just as carefully.

Many banking apps validate the structure of IBANs and some suggest the matching BIC. Where available, a payee name check on the recipient adds extra certainty. Sending a small amount first is worth it for large sums despite the extra fee.

Paying someone abroad from your Shinhan Bank America account

When you transfer money abroad via Shinhan Bank America, the fee you see is only part of the cost. On top of a fixed fee, banks in between may deduct a fee, and if currencies are converted, the bank usually applies a rate below the real market rate.

The markup on the rate is often the biggest cost, and it is easy to miss. An easy check: set the bank’s rate against the mid-market rate for the same moment and work out the difference on your amount.

Specialist money transfer services often use a rate near the mid-market rate with clearer fees. GoldexPay compares transfer providers side by side, showing the amount the recipient gets for the same amount sent. You can always use your account at Shinhan Bank America to fund the transfer.

What the XXX in SHBKUS6LXXX means

Every SWIFT/BIC code starts with the same eight core characters: four letters for the bank, a two-letter country code and a two-character location code. In this case, that core is SHBKUS6L.

The full version adds a three-character extension for a branch or department. If the last three are XXX, the code points to the head office, which is why SHBKUS6LXXX and SHBKUS6L lead to the same place.

Do not add spaces, dots when you enter SHBKUS6L; the code is always written in one block. A wrong character can send a payment to another bank.