SWIFT Code PUSBKR2P — BUSAN BANK, BUSAN

About SWIFT Code PUSBKR2P — BUSAN BANK, BUSAN

SWIFT code PUSBKR2P is the official 8-character head-office BIC (Bank Identifier Code) for BUSAN BANK in BUSAN, South Korea. 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 BUSAN BANK for all outward international remittances from BUSAN. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code PUSBKR2P

The code PUSBKR2P follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code PUSBKR2P

Receiving International Wire Transfers

To receive money from abroad at your BUSAN BANK account in BUSAN, share SWIFT code PUSBKR2P 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 BUSAN BANK, BUSAN must provide SWIFT code PUSBKR2P. 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 BUSAN BANK in BUSAN rely on SWIFT code PUSBKR2P 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 BUSAN BANK →

For cheque clearing or NACH mandates, use the MICR code for BUSAN BANK →

For TDS challan deposits, find the BSR code for BUSAN BANK →

How SWIFT Code PUSBKR2P Routes an International Transfer

1. Initiation: The sender provides SWIFT code PUSBKR2P 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 BUSAN BANK.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: BUSAN BANK receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code PUSBKR2P

• Spaces or lowercase letters — Always enter PUSBKR2P uppercase with no spaces.
• Using the wrong city — This code is for BUSAN 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 South Korea.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm PUSBKR2P directly with BUSAN BANK's BUSAN branch or via the SWIFT BIC Directory.