SWIFT Code SECTITM1 — SAMSUNG ELECTRONICS ITALIA SPA, CERNUSCO SUL NAVIGLIO

About SWIFT Code SECTITM1 — SAMSUNG ELECTRONICS ITALIA SPA, CERNUSCO SUL NAVIGLIO

SWIFT code SECTITM1 is the official 8-character head-office BIC (Bank Identifier Code) for SAMSUNG ELECTRONICS ITALIA SPA in CERNUSCO SUL NAVIGLIO, Italy. 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 ELECTRONICS ITALIA SPA for all outward international remittances from CERNUSCO SUL NAVIGLIO. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code SECTITM1

The code SECTITM1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code SECTITM1

Receiving International Wire Transfers

To receive money from abroad at your SAMSUNG ELECTRONICS ITALIA SPA account in CERNUSCO SUL NAVIGLIO, share SWIFT code SECTITM1 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 ELECTRONICS ITALIA SPA, CERNUSCO SUL NAVIGLIO must provide SWIFT code SECTITM1. 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 ELECTRONICS ITALIA SPA in CERNUSCO SUL NAVIGLIO rely on SWIFT code SECTITM1 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 ELECTRONICS ITALIA SPA →

For cheque clearing or NACH mandates, use the MICR code for SAMSUNG ELECTRONICS ITALIA SPA →

For TDS challan deposits, find the BSR code for SAMSUNG ELECTRONICS ITALIA SPA →

How SWIFT Code SECTITM1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code SECTITM1 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 ELECTRONICS ITALIA SPA.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: SAMSUNG ELECTRONICS ITALIA SPA receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code SECTITM1

• Spaces or lowercase letters — Always enter SECTITM1 uppercase with no spaces.
• Using the wrong city — This code is for CERNUSCO SUL NAVIGLIO 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 Italy.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm SECTITM1 directly with SAMSUNG ELECTRONICS ITALIA SPA's CERNUSCO SUL NAVIGLIO branch or via the SWIFT BIC Directory.