IBKOKRSEXXX SWIFT code

Bank name
INDUSTRIAL BANK OF KOREA
Swift code
IBKOKRSEXXX
Bank address
IBK FINANCE TOWER, FLOOR 16, JUNG-GU82, EULJI-RO
City
SEOUL
Country
South Korea
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So what do these letters and numbers mean?

A SWIFT code — sometimes also called a SWIFT number — is a standard format for Business Identifier Codes (BIC). Banks and financial institutions use them to identify themselves globally. It says who and where they are — a sort of international bank code or ID.

These codes are used when transferring money between banks, particularly for international wire transfers or SEPA payments. Banks also use these codes to exchange messages between each other.

INDUSTRIAL BANK OF KOREA

IBKO Bank code
KR Country code
SE Location code
XXX Branch code
This SWIFT code is for the INDUSTRIAL BANK OF KOREA
SWIFT code IBKOKRSEXXX
Swift code (8 characters) IBKOKRSE
Branch name INDUSTRIAL BANK OF KOREA
Branch address IBK FINANCE TOWER, FLOOR 16, JUNG-GU82, EULJI-RO
Branch code XXX
Bank name INDUSTRIAL BANK OF KOREA
City SEOUL
Country South Korea

INDUSTRIAL BANK OF KOREA SWIFT Code Details

A SWIFT/BIC is an 8-11 character code that identifies your country, city, bank, and branch.
  • Bank code A-Z 4 letters representing the bank. It usually looks like a shortened version of that bank's name.
  • Country code A-Z 2 letters representing the country the bank is in.
  • Location code 0-9 A-Z 2 characters made up of letters or numbers. It says where that bank's head office is.
  • Branch Code 0-9 A-Z 3 digits specifying a particular branch. 'XXX' represents the bank’s head office.

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Banks and other transfer services have a dirty little secret. They add hidden markups to their exchange rates - charging you more without your knowledge. And if they have a fee, they charge you twice.

TransferWise never hides fees in the exchange rate. We give you the real rate, independently provided by Reuters. Compare our rate and fee with Western Union, ICICI Bank, WorldRemit and more, and see the difference for yourself.

Sending 1000.00 GBP withRecipient gets(Total after fees)Transfer feeExchange rate(1 GBP → KRW)
TransferWiseCheapest1483512 KRWSave up to 127720 KRW7.85 GBP1495.25
RBS1356708 KRW- 126804 KRW0.00 GBP1356.71
NatWest1355792 KRW- 127720 KRW0.00 GBP1355.79

Always confirm the details with your recipient

When sending or receiving money, always check the SWIFT code with your recipient or bank.

If you think you've used the wrong SWIFT code to send money, you should get in contact with your bank right away. They may be able to cancel the transaction. If it's too late to cancel, you might have to contact the recipient yourself and request that they return your money.

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Your questions, answered

A SWIFT code is a set of 8 or 11 digits that represents a bank branch. You’ll need to use one when sending money internationally. Find your SWIFT code here.

Not every bank branch has a SWIFT code, which means you can usually use the code for the bank’s head office.

It depends on the country you're sending money to. In the Eurozone, you'll always need an IBAN and a SWIFT/BIC code. Banks in the USA use SWIFT codes, but they don't use IBANs. It's the same in New Zealand too. More on IBAN numbers.

Disclaimer

TransferWise has not carried out any enquiries on the legal standing of any of the banks and financial institutions listed.

TransferWise does not take responsibility or have any liability to you or anyone for any risks that may be associated with these banks or financial institutions or the jurisdictions they operate in, nor any transactions that you or any other person may undertake with these organisations. TransferWise may not provide services in the jurisdiction in question. For a list of our supported countries, please see here.