Bank Code
South Korean banks are identified by a 3-digit code managed by the Bank of Korea. Used alongside branch codes and account numbers for domestic transfers through the BOK-Wire+ and eBank systems.
At a glance
Country
South Korea
Identifier
Swift
Format
3 digits
Used for
Domestic transfers
Format breakdown
088
Bank Code
1–3
Institution (e.g. 088 = Shinhan)
How Swift works
The 3-digit bank code identifies the financial institution (e.g. 004 = KB Kookmin, 088 = Shinhan). Branch codes are separate and vary by bank. Account number formats also differ between institutions.
Where to find yours
In your banking app, on your bankbook, or on the Bank of Korea's financial institution directory.
Payment systems in South Korea
| System | Speed | Description |
|---|---|---|
| eBank (CD/ATM) | Instant | Real-time interbank transfers via online/mobile banking |
| BOK-Wire+ | Same day | Large-value settlement through Bank of Korea |
| Toss / Kakao Pay | Instant | Mobile payment apps widely used for P2P transfers |
Major banks in South Korea
Good to know
Key bank codes: 003 = IBK, 004 = KB Kookmin, 011 = NH, 020 = Woori, 081 = Hana, 088 = Shinhan.
Kakao Bank (090) and K Bank (089) are mobile-only banks with simplified transfers.
For international transfers to Korea, senders need the SWIFT code, not the domestic bank code.
Related tools
Other countries
Frequently asked questions
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