SWIFT Code MLCOKRS1 — MERRILL LYNCH AND COMPANY INC., SEOUL

About SWIFT Code MLCOKRS1 — MERRILL LYNCH AND COMPANY INC., SEOUL

SWIFT code MLCOKRS1 is the official 8-character head-office BIC (Bank Identifier Code) for MERRILL LYNCH AND COMPANY INC. in SEOUL, 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 MERRILL LYNCH AND COMPANY INC. for all outward international remittances from SEOUL. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code MLCOKRS1

The code MLCOKRS1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code MLCOKRS1

Receiving International Wire Transfers

To receive money from abroad at your MERRILL LYNCH AND COMPANY INC. account in SEOUL, share SWIFT code MLCOKRS1 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 MERRILL LYNCH AND COMPANY INC., SEOUL must provide SWIFT code MLCOKRS1. 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 MERRILL LYNCH AND COMPANY INC. in SEOUL rely on SWIFT code MLCOKRS1 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 MERRILL LYNCH AND COMPANY INC. →

For cheque clearing or NACH mandates, use the MICR code for MERRILL LYNCH AND COMPANY INC. →

For TDS challan deposits, find the BSR code for MERRILL LYNCH AND COMPANY INC. →

How SWIFT Code MLCOKRS1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code MLCOKRS1 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 MERRILL LYNCH AND COMPANY INC..
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: MERRILL LYNCH AND COMPANY INC. receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code MLCOKRS1

• Spaces or lowercase letters — Always enter MLCOKRS1 uppercase with no spaces.
• Using the wrong city — This code is for SEOUL 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 MLCOKRS1 directly with MERRILL LYNCH AND COMPANY INC.'s SEOUL branch or via the SWIFT BIC Directory.