Sparebank 1 Ostlandet (Formerly Sparebanken Hedmark) SWIFT/BIC code

What SHEDNO22 means for a payment to Sparebank 1 Ostlandet (Formerly Sparebanken Hedmark)

The short code SHEDNO22 and the full code SHEDNO22XXX identify one and the same institution: Sparebank 1 Ostlandet (Formerly Sparebanken Hedmark). Banks worldwide use BIC codes to route international transfers to the correct bank. In practice you usually come across it on invoices from abroad, in your banking app and in the bank details of Sparebank 1 Ostlandet (Formerly Sparebanken Hedmark) customers.

Further down you will find the practical questions: money coming in from abroad, paying someone in another country and how to check the code before you hit send. The SWIFT code on its own cannot identify a personal account; for that you need the IBAN or account number is for.

Head office or branch code at Sparebank 1 Ostlandet (Formerly Sparebanken Hedmark)?

Sparebank 1 Ostlandet (Formerly Sparebanken Hedmark) has 2 separate SWIFT/BIC codes. Only one is the head office code, SHEDNO22XXX; the rest belong to branches.

For most payments to a private or business account, the head office code SHEDNO22XXX is the right choice. When you receive a branch code, use it as it is instead of replacing it for the head office code.

The best way is to take the code directly from the account holder’s bank details. Branch codes are more likely to be retired than SHEDNO22XXX when a bank merges or closes offices.

Receiving money from abroad at Sparebank 1 Ostlandet (Formerly Sparebanken Hedmark)

A sender in another country will ask for a few details about your account, and missing ones are a common cause of delays. That means: your name exactly as it appears on the account, your account number or IBAN, the BIC SHEDNO22XXX and usually your address.

Certain sending banks want the name and address of Sparebank 1 Ostlandet (Formerly Sparebanken Hedmark) in Hamar, so keep it at hand. Check the details before you send them, because the sender’s bank usually copies them as is.

The amount you receive can be lower than what was sent. Correspondent banks can take a fee, Sparebank 1 Ostlandet (Formerly Sparebanken Hedmark) may charge for incoming payments, and if the money is converted, an exchange rate margin comes on top. Agree with the sender who covers the fees before the money is sent.

Scams that use SWIFT codes

A common scam goes like this: an email arrives with a message saying that a contact has new bank details and that the next payment should go there. The fact that SHEDNO22 exists is no guarantee that the account is genuine.

Do not trust a phone number in the same message that announces the new account. Be suspicious of time pressure, odd spelling or an email address that differs by one letter. Acted too fast? Call the bank you paid from straight away and have them start a recall.

Recipients are targeted too: one known trick is a buyer who pays too much followed by a request to send back the difference abroad. A payment confirmation from the sender is no proof; only your own account shows what has arrived.

Euro transfers to Sparebank 1 Ostlandet (Formerly Sparebanken Hedmark): is a BIC needed?

Within the SEPA zone, euro transfers to Sparebank 1 Ostlandet (Formerly Sparebanken Hedmark) follow common rules, so the IBAN does the job in most cases. A field for the BIC is often optional in that case.

A SWIFT code like SHEDNO22 still come into play when the currency is not euros and when the money comes from outside SEPA. If your banking app asks for the BIC regardless, adding SHEDNO22 is fine.

Instant euro transfers are widely available across SEPA. Charges on SEPA transfers are generally low, as long as no currency conversion is involved.

Verifying the SWIFT code of Sparebank 1 Ostlandet (Formerly Sparebanken Hedmark)

The safest source for a SWIFT code is the recipient’s own bank details – an invoice, a statement or a screenshot from online banking. When the code you were given does not match SHEDNO22 or SHEDNO22XXX, do not guess.

Mistakes in the BIC are costly rather than disastrous – usually the money comes back, minus fees and time lost. An error in the IBAN or account number is a bigger problem, because the money may be credited to someone else; check it just as carefully.

An automatic check in your banking app only confirms that the IBAN is valid, not that it is the right account. If your bank offers it, a name check on the recipient gives extra certainty. For a first payment, many people start with a small test amount.

Paying into Sparebank 1 Ostlandet (Formerly Sparebanken Hedmark) in NOK

The currency of Norway is the Norwegian Krone (NOK). When you pay money in a different currency has to be converted at some point – by your bank, by Sparebank 1 Ostlandet (Formerly Sparebanken Hedmark) or by a bank in between. Each conversion costs the amount.

Which bank converts the payment makes a difference. Transferring the money directly in NOK usually avoids a second conversion at the receiving end.

Rates for NOK move during the day. On larger amounts, a small difference in the rate adds up quickly.

What a transfer from Sparebank 1 Ostlandet (Formerly Sparebanken Hedmark) abroad really costs

The price of an international transfer has more than one component, and the transfer fee is only the most visible one. You pay the transfer fee, sometimes charges from correspondent banks in between and, most importantly, the exchange rate markup when the money is converted.

Banks rarely list the margin on the rate as a cost, but you pay it all the same. A simple test: set the rate you get against the mid-market rate and look at the difference.

For a lot of currency pairs, a specialist provider turns out to be less expensive than a traditional bank transfer, mainly because of the exchange rate. Before your next transfer, take a minute to compare the total cost on GoldexPay. You can always keep your account at Sparebank 1 Ostlandet (Formerly Sparebanken Hedmark), while a cheaper service handles the conversion.

About this information

The codes on this page are taken from public sources. It can happen that a code here is out of date. Figures such as the number of codes come from our directory.

Before a payment of any size, always check the code with Sparebank 1 Ostlandet (Formerly Sparebanken Hedmark) or the recipient. GoldexPay is an independent comparison site and not part of Sparebank 1 Ostlandet (Formerly Sparebanken Hedmark). If you notice a mistake, we appreciate a short note.

8 or 11 characters: SHEDNO22 versus SHEDNO22XXX

A SWIFT code is built from a few fixed parts: the first four letters stand for the bank, characters five and six give the country and the two after that mark the location. That gives you SHEDNO22, the short form of the code.

XXX at the end of SHEDNO22XXX is not a missing value or a mistake: it indicates the head office of Sparebank 1 Ostlandet (Formerly Sparebanken Hedmark). Some forms ask for 11 characters, in which case you simply enter XXX behind SHEDNO22.

As a rule the code is typed in capitals, without spaces or dashes. A single letter may route a payment to another bank, so check it twice.

How long does an international transfer to Sparebank 1 Ostlandet (Formerly Sparebanken Hedmark) take?

There is no single delivery time for international payments: many arrive the same day or the next while others need several business days. Weekends and public holidays in either country add a day or more. Sometimes a bank asks about the purpose of a payment, which can hold things up.

A growing number of banks are connected to SWIFT gpi. Each gpi transfer gets a unique reference, the UETR. Keep the payment confirmation until the money has arrived.

The bank that sent the money can request a trace; the receiving side usually has nothing to trace yet. Request from the sender a copy of the payment confirmation.