Question 1

What is the SWIFT code for KT Bank AG?

Accepted Answer

The SWIFT/BIC code for KT Bank AG is KTAGDEFF. This 8-character code identifies the bank in international wire transfers and is registered with SWIFT (Society for Worldwide Interbank Financial Telecommunication).

Question 2

How do I send an international wire transfer to KT Bank AG?

Accepted Answer

To send money internationally to KT Bank AG, provide your bank with the SWIFT/BIC code KTAGDEFF (Frankfurt, Germany) along with the recipient's full IBAN. Your bank will route the transfer via the SWIFT network.

Question 3

Is KT Bank AG a SEPA member?

Accepted Answer

Yes, KT Bank AG is a SEPA (Single Euro Payments Area) member. Euro transfers within the SEPA zone can be processed as fast, low-cost SEPA Credit Transfers using the recipient's IBAN, with no SWIFT fees required for intra-SEPA payments.

Question 4

What does the BIC code KTAGDEFF mean?

Accepted Answer

In the BIC code KTAGDEFF: "KTAG" is the institution code identifying KT Bank AG, "DE" is the ISO 3166-1 country code for Germany, and "FF" is the location code indicating the bank's city or timezone zone.

Question 5

Who owns KT Bank AG?

Accepted Answer

KT Bank AG is owned by Kuwait Finance House K.S.C.P., a banking group based in Kuwait. KT Bank AG is registered in Germany as a local entity, while its ultimate ownership sits with the parent group in Kuwait.

KTAGDEFF

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