BATSKR21 SWIFT/BIC Code

The SWIFT number BATSKR21 was issued by BAT KOREA MANUFACTURING LTD in SACHEON-SI.

SWIFT/BIC NumberBATSKR21
Bank NameBAT KOREA MANUFACTURING LTD
Bank CitySACHEON-SI
Bank Branch

What is a BIC code?

A SWIFT code - sometimes called a SWIFT number is a standard format to uniquely identify banks, non-financial, and financial institutions across the world. SWIFT codes are a standard format for Business Identifier Codes (BIC).

If you transmit money internationally you nearly always need to use a BIC code, as it’s the way banks, financial institutions and money transfer services identify where to send money on a global scale. You can think of a BIC code a bit like a ZIP/postal code. Your bank can use the SWIFT/BIC code to find another bank on the other side of the world. Like sending post to the wrong ZIP code means it might go missing, the same goes for your money and the wrong SWIFT code.

What does a SWIFT look like?

A SWIFT/BIC code can be either 8 or 11 characters long:

AAAA BB CC DDD

  • AAAA: 4 character bank code.Just letters, no numbers.
  • BB: 2 character country code. ISO alpha-2 country code.
  • CC: 2 character location code.
  • DDD: 3 character branch code. This is optional and can be letters or digits. An XXX here would refer to the primary office.

More info about SWIFT/BIC codes

There are 2 types of SWIFT code: live and passive. Live codes are for institutions who are actively connected to the SWIFT network while passive Codes are used for manual transactions. Passive SWIFT codes will have a 1 as the second digit of the 2 character location code.

SWIFT code registrations and management are the responsibility of "Society for Worldwide Interbank Financial Telecommunication" (“SWIFT”) which is located in La Hulpe, Belgium.

SWIFT is the registered trademark of S.W.I.F.T. SCRL with a registered address at Avenue Adèle 1, B-1310 La Hulpe, Belgium.