SWIFT Code SECTCNB1620 — SAMSUNG (CHINA) INVESTMENT CO., LTD., SUZHOU

About SWIFT Code SECTCNB1620 — SAMSUNG (CHINA) INVESTMENT CO., LTD., SUZHOU

SWIFT code SECTCNB1620 is the official 11-character branch-specific BIC (Bank Identifier Code) for SAMSUNG (CHINA) INVESTMENT CO., LTD. in SUZHOU, China. Standardised under ISO 9362 and maintained by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), this code is used exclusively for cross-border wire transfers and is recognised by financial institutions in over 200 countries.

This code must be provided to the sender when receiving money from abroad, and is required by SAMSUNG (CHINA) INVESTMENT CO., LTD. for all outward international remittances from SUZHOU. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code SECTCNB1620

The code SECTCNB1620 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code SECTCNB1620

Receiving International Wire Transfers

To receive money from abroad at your SAMSUNG (CHINA) INVESTMENT CO., LTD. account in SUZHOU, share SWIFT code SECTCNB1620 with the sender along with your full account number, your name as on the account, and the branch address.

NRI Remittances

Non-Resident Indians sending money to NRO/NRE accounts at SAMSUNG (CHINA) INVESTMENT CO., LTD., SUZHOU must provide SWIFT code SECTCNB1620. Major remittance platforms — including Wise, Remitly, Western Union, and MoneyGram — use this code to route transfers accurately.

Trade Finance and Foreign Payments

Importers and exporters using SAMSUNG (CHINA) INVESTMENT CO., LTD. in SUZHOU rely on SWIFT code SECTCNB1620 for letters of credit, bank guarantees, and foreign currency settlements.

SWIFT Code vs IFSC vs MICR vs BSR — Key Differences

Need the IFSC code for domestic NEFT, RTGS, or UPI transfers? View the IFSC code for SAMSUNG (CHINA) INVESTMENT CO., LTD. →

For cheque clearing or NACH mandates, use the MICR code for SAMSUNG (CHINA) INVESTMENT CO., LTD. →

For TDS challan deposits, find the BSR code for SAMSUNG (CHINA) INVESTMENT CO., LTD. →

How SWIFT Code SECTCNB1620 Routes an International Transfer

1. Initiation: The sender provides SWIFT code SECTCNB1620 and account number to their bank.
2. Validation: The sending bank validates the BIC against the SWIFT registry.
3. Routing: An MT103 SWIFT message is transmitted through the network to SAMSUNG (CHINA) INVESTMENT CO., LTD..
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: SAMSUNG (CHINA) INVESTMENT CO., LTD. receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code SECTCNB1620

• Spaces or lowercase letters — Always enter SECTCNB1620 uppercase with no spaces.
• Using the wrong city — This code is for SUZHOU only.
• Truncating to 8 characters — When 11 characters are required, always use the full code.
• Using SWIFT for domestic transfers — Use the IFSC code for any transfer within China.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm SECTCNB1620 directly with SAMSUNG (CHINA) INVESTMENT CO., LTD.'s SUZHOU branch or via the SWIFT BIC Directory.