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BUSAN BANK, Masan - SWIFT/BIC Code

BUSAN BANK, MASAN - SWIFT Code Information
SWIFT Code / BIC PUSBKR2PMAS
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Bank / Institution BUSAN BANK
Branch Name (MASAN BRANCH)
Address BONGYANG-RO, MASANWHEWON-GU190, KYUNGNAM PROVINCE
City MASAN
Postcode
Country South Korea
Connection Active

PUSBKR2PMAS - SWIFT Code Breakdown
SWIFT Code PUSBKR2PMAS
Bank Code PUSB - code assigned to BUSAN BANK
Country Code KR - code belongs to South Korea
Location & Status 2P - represents location, second digit 'P' means active code
Branch Code MAS - indicates this is a branch office
Head Office PUSBKR2P - primary office of BUSAN BANK, South Korea

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What is a SWIFT Code?

A SWIFT Code is a standard format of Bank Identifier Code (BIC) used to specify a particular bank or branch. These codes are used when transferring money between banks, particularly for international wire transfers. Banks also use these codes for exchanging messages between them.

SWIFT codes comprise of 8 or 11 characters. All 11 digit codes refer to specific branches, while 8 digit codes (or those ending in 'XXX') refer to the head or primary office. SWIFT codes are formatted as follows:

AAAA BB CC DDD

  • First 4 characters - bank code (only letters)
  • Next 2 characters - ISO 3166-1 alpha-2 country code (only letters)
  • Next 2 characters - location code, passive participant will have "1" in the second character (letters and digits)
  • Last 3 characters - branch code, optional - 'XXX' for primary office (letters and digits)

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The registrations of SWIFT codes are handled by Society for Worldwide Interbank Financial Telecommunication (SWIFT) and their headquarters 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.