KOREA FINANCIAL TELECOMMUNICATIONS AND CLEARING INSTITUTE, 717 YEOKSAM-DONG, SEOUL, South Korea
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| BIC Name / Bank name / Institution Name | KOREA FINANCIAL TELECOMMUNICATIONS AND CLEARING INSTITUTE |
| Bank Code / Institution Code | KFTC |
| Country | SOUTH KOREA |
| Country Code (ISO 3166) | KR |
| City | SEOUL |
| City Code | S1 The City Code are Institution Specific, different BIC has allotted different City Code for same city. |
| Office Type | Primary Office / Head Office / Main Office |
| Branch Code | XXX |
| Swift Code / BIC Code |
KFTCKRS1
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| Swift Code / BIC Code 11 Characters | KFTCKRS1XXX Note:If Swift Code is of 8 Characters then suffix XXX for branch code in the Swift Code. |
| Address | 717 YEOKSAM-DONG |
| Zip Code / Postal Code | |
| Note: Before Transferring payment to the Bank Branch, confirm from the payment receiver, if the Bank Branch is Active | |
| View Location on Google Map | |
| Whether Financial Institution IBAN Compliant | No, KOREA FINANCIAL TELECOMMUNICATIONS AND CLEARING INSTITUTE is not IBAN Compliant. |
| Save on International Payment Transfers | |
What is a SWIFT Code / BIC code?
Business Identifier Codes (BIC) has been developed by Society for Worldwide Interbank Financial Telecommunication (SWIFT) to identify banks and financial institutions globally. That is why BIC Codes are also known as SWIFT Codes.SWIFT Codes / BIC Codes are used for transferring money between banks of different countries or SEPA payments. Banks also use these codes for exchanging financial messages.
SWIFT Code / BIC Code is formed of 8 or 11 characters in following system:
- First four characters in the SWIFT Code / BIC Code from left depicts bank code. In the case of KOREA FINANCIAL TELECOMMUNICATIONS AND CLEARING INSTITUTE the first four characters from left KFTC indicates that it is KOREA FINANCIAL TELECOMMUNICATIONS AND CLEARING INSTITUTE.
- Characters 5-6 from left in the SWIFT Code / BIC Code, depicts Country code of the bank. In the case of KOREA FINANCIAL TELECOMMUNICATIONS AND CLEARING INSTITUTE characters 5 and 6 from left KR indicates that bank is in SOUTH KOREA. It means that all the banks located in SOUTH KOREA will have KR at 5th and 6th place from left in their Swift Codes / BIC Codes.
- Characters 7-8 from left in the SWIFT Code / BIC Code, depicts City Code of the Bank. In the case of KOREA FINANCIAL TELECOMMUNICATIONS AND CLEARING INSTITUTE characters 7 and 8 from left S1 indicates that bank is in SEOUL. It means that all the branches of KOREA FINANCIAL TELECOMMUNICATIONS AND CLEARING INSTITUTE located in SEOUL will have S1 at 7th and 8th place from left in their Swift Codes / BIC Codes.
- Characters 9-11 from left in the SWIFT Code / BIC Code, depicts Branch Code of the Bank.In the case of KOREA FINANCIAL TELECOMMUNICATIONS AND CLEARING INSTITUTE the length of SWIFT Code is 8 Characters, means KOREA FINANCIAL TELECOMMUNICATIONS AND CLEARING INSTITUTE Head Office of the Financial Institution.
- Many Banks has taken only one SWIFT Code per country or have one SWIFT Code per city, for processing International Payments of all the Branches of the country / city through SWIFT enabled branch. So, if your Bank Branch is not depicting in the list, contact your Bank Branch for the SWIFT Code transactions.