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What's the difference between SWIFT codes and BIC codes?

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SWIFT and BIC codes are essentially the same. Both identify banks for secure international transactions. While "SWIFT code" is widely used, "BIC" is the official term financial institutions use. Both ensure your money reaches the correct destination safely.

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Yes, you'll typically need a SWIFT code to send money internationally. The SWIFT code directs your transfer to the correct bank and branch, helping to ensure your funds reach the proper destination securely and without delay. When you use Remitly, you don't need to worry about SWIFT codes, and our network includes a wide range of banks and cash pickup options.

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Do all bank branches use the same SWIFT code?

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No, SWIFT codes aren’t the same for all bank branches. Each branch usually has its own unique code to make sure your money gets to the right place. Using the correct SWIFT code for the specific branch you’re sending money to is important.

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What are the ways to receive a money transfer?

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SWIFT code	SECTUS31XXX
SWIFT code (8 chr)	SECTUS31
Bank name	SAMSUNG ELECTRONICS AMERICA, INC.
Bank address	105 CHALLENGER ROAD, NEW JERSEY NJ 07660, US
Branch code	XXX
City	NEW JERSEY
Country	United States

SAMSUNG ELECTRONICS AMERICA, INC. SWIFT code in the United States

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What is the SWIFT code for SAMSUNG ELECTRONICS AMERICA, INC.?

Example SWIFT code format

SECT

US

31

XXX

Local branches of SAMSUNG ELECTRONICS AMERICA, INC.

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