Industrial Bank of Korea, Vietnam SWIFT/BIC code

What IBKOVNVX means for a payment to Industrial Bank of Korea, Vietnam

Whether a recipient gives you IBKOVNVX or IBKOVNVXXXX, it is the same address for Industrial Bank of Korea, Vietnam in Vietnam. Banks worldwide use these codes to route payments between countries to the right bank. It comes up mainly when dealing with transfers between countries and payments in foreign currencies.

We wrote this page to help people who receives money at an account at Industrial Bank of Korea, Vietnam and wants to get the details right. Keep in mind that the SWIFT code only identifies the bank, not the account: the IBAN or account number takes care of that.

Changed bank details? Be careful

Scammers regularly send payment requests containing changed bank details, sometimes in an email that looks completely genuine. The fact that IBKOVNVX exists is no guarantee that the account is genuine; criminals use the codes of real banks too.

Never trust a phone number from the same email that contains the change. Urgency and requests to keep it quiet tend to be warning signs; a genuine business can wait for you to check. Already paid? Contact your bank straight away and ask them to try to recall the payment.

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. Do not act before the money has really arrived – ask Industrial Bank of Korea, Vietnam if something looks wrong.

Incoming international payments to Industrial Bank of Korea, Vietnam

Someone abroad who wants to pay you needs several details about your account. The basics are: your name, IBAN or account number, IBKOVNVXXXX and, for some countries, your postal address.

Their bank may also ask for the address of your bank, in which case the Ho Chi Minh City head office is the usual answer. Check every detail before you share them.

Money from abroad does not always land for the full amount. Intermediary banks may deduct a fee, and if the currency changes, an exchange rate margin applies. Agree with the sender who pays which costs.

Transfer times and tracking a payment to Industrial Bank of Korea, Vietnam

How fast a payment arrives at Industrial Bank of Korea, Vietnam is determined by a few things: which currency you send, how many intermediary banks are involved, daily processing deadlines and time zones. Transfers sent after the cut-off time or on a weekend or public holiday often go out the next business day. Sometimes a bank asks about the purpose of a payment, which can hold things up.

When a payment takes longer than expected, ask the sending bank about the status. Specialist transfer services often provide tracking online showing how far the payment has got.

Only the sending bank can start an official trace. Ask the sender for the payment receipt with the date and reference; that often settles the question quickly.

Why Industrial Bank of Korea, Vietnam has an 8- and an 11-character code

The structure of a BIC never changes: a bank code of four letters, two for the country and two for the location, sometimes followed by a branch code. In this case, the 8-character core is IBKOVNVX.

The 11-character version has a three-character extension that identify a branch or department. When those three characters are XXX, the code points to the head office, so IBKOVNVXXXX and IBKOVNVX are interchangeable.

Do not add spaces, dots when you type IBKOVNVX. Watch for O versus 0 and I versus 1.

Where our SWIFT data comes from

This directory draws on public sources and we update it periodically. Still, banks merge, rename themselves or change codes, so information can be out of date. The number of codes on this page are based on what is in our directory, not official figures from Industrial Bank of Korea, Vietnam.

Treat the information on this page as a handy check and rely on the recipient or Industrial Bank of Korea, Vietnam for the final confirmation. GoldexPay is a comparison service for money transfers and not part of Industrial Bank of Korea, Vietnam. Spotted outdated information? Tell us through the contact page so we can correct it.

Sending money abroad from Industrial Bank of Korea, Vietnam

An international bank payment can cost more than the fee suggests. On top of the transfer fee, correspondent or intermediary banks may deduct a fee, and when currencies are converted the bank usually applies a rate below the real market rate.

Many banks do not show the margin on the rate as a cost. An easy check: put the bank’s rate next to the mid-market rate for the same moment and look at the difference.

For a lot of currency pairs, a specialist provider turns out to be less expensive than a traditional bank transfer, mainly because of the exchange rate. Next time you send money, it is worth to compare the total cost via GoldexPay. You can always use your account at Industrial Bank of Korea, Vietnam as the source of the money; only the conversion and sending happen elsewhere.

Is IBKOVNVX still correct? How to check

The most reliable place for the correct BIC remains a document from the bank itself like a bank statement or the account page in online banking. Compare that code with IBKOVNVX on this page.

A wrong SWIFT code may lead to delays, a returned payment or additional charges along the way. An error in the account number is more serious because it can reach the wrong person.

An automatic check by your bank only confirms 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. When you pay someone new, some people start with a small amount first.

Which of the 2 codes of Industrial Bank of Korea, Vietnam do you need?

Industrial Bank of Korea, Vietnam has 2 separate SWIFT/BIC codes. Only one is the head office code, IBKOVNVXXXX; the rest belong to branches or departments, and sometimes internal departments.

In most cases there is no need to pick a branch: payments addressed to IBKOVNVXXXX reach Industrial Bank of Korea, Vietnam without problems. Only use a branch code when your contact explicitly asks for it, for example on an invoice or in their bank details.

Not sure which code applies? Ask the recipient or the bank itself. Codes for branches are more prone to change than the head office code when a bank merges or closes offices.