Skandinaviska Enskilda Banken AB (Publ) SWIFT/BIC code

What ESSESGSG means for a payment to Skandinaviska Enskilda Banken AB (Publ)

The 8-character code ESSESGSG and the 11-character code ESSESGSGXXX refer to one and the same institution: Skandinaviska Enskilda Banken AB (Publ) in Singapore, Singapore. A BIC does one job: it makes sure that an international payment reaches the right bank. It comes up mostly when dealing with transfers between countries and payments in foreign currencies.

On this page you will find how the code is put together, when you need it and what else you need for a transfer to or from Skandinaviska Enskilda Banken AB (Publ). A SWIFT code names an institution, never a specific account.

Skandinaviska Enskilda Banken AB (Publ): head office code versus branch codes

With 2 codes, Skandinaviska Enskilda Banken AB (Publ) is one of the banks that use separate codes for parts of the organisation and departments. The main code remains ESSESGSGXXX.

If nobody asks you for a branch code, use ESSESGSGXXX or its short form ESSESGSG. Just use a branch code when the account holder gives you that exact code.

Unsure which code applies? Check with the recipient. Codes for branches are more likely to change than ESSESGSGXXX.

Tracking a transfer to or from Skandinaviska Enskilda Banken AB (Publ)

An international transfer usually needs anywhere from one to several business days, depending on the currency, the route and the banks involved. Payments made late in the day or just before a weekend or public holiday often start the next business day. Occasionally a bank wants to know what the payment is for before releasing it.

Many banks use SWIFT gpi for faster and traceable payments. Each payment gets a unique reference, the UETR. Keep your transfer receipt until the money has arrived – you will need it for any trace request.

A missing payment is investigated by the sending bank. Request from the sender a copy of the payment confirmation including the reference.

The Singapore Dollar and what conversion costs you

Most accounts at Skandinaviska Enskilda Banken AB (Publ) are typically held in SGD, the local currency of Singapore. A payment in a foreign currency will be exchanged into SGD – and the bank that does it picks the rate. There is rarely a separate charge for the conversion; it is built into the rate.

Where the conversion happens affects the final amount. Transferring the money directly in SGD usually avoids a second conversion by Skandinaviska Enskilda Banken AB (Publ), provided the rate you get is fair.

The rate for SGD fluctuates throughout the day. For regular payments, small differences in the rate add up over a year.

How up to date is this code?

The codes here come from publicly available data which we refresh regularly. Still, banks merge or change codes and our data may lag behind. The number of codes on this page reflect our own data.

For any payment that matters, always confirm the code with Skandinaviska Enskilda Banken AB (Publ) or with the recipient. We are a comparison service and not part of Skandinaviska Enskilda Banken AB (Publ). If you notice something that is out of date, we welcome a short note via the contact page.

International transfers from Skandinaviska Enskilda Banken AB (Publ): the real cost

When you send money to another country through Skandinaviska Enskilda Banken AB (Publ), the fee you see is rarely all of the cost. Besides a fixed fee, banks in between can take a cut, and when currencies are converted the bank often applies a rate below the real market rate.

That exchange rate margin is often the largest item, and it is easy to miss. Check their rate with the mid-market rate. The difference is your real conversion cost.

Money transfer services often offer rates closer to the mid-market rate with clearer fees. Before your next transfer, take a minute to compare what arrives on GoldexPay. Choosing a specialist does not require closing your account at Skandinaviska Enskilda Banken AB (Publ).

Is ESSESGSG still correct? How to check

Ask the recipient to copy the account details straight from their online banking. If the code you have does not match ESSESGSG or ESSESGSGXXX, do not guess – contact the recipient or Skandinaviska Enskilda Banken AB (Publ).

A wrong SWIFT code can cause a delay, a payment being sent back or additional charges along the way. Do not forget the IBAN: a mistake there is harder to correct than a wrong BIC.

An automatic check by your bank only tells you that the IBAN is valid, not that it is the right account. Some banks now compare the payee name against the account; take any warning seriously. Sending a small amount first can be a sensible step for a large first payment.

Getting paid from abroad into a Skandinaviska Enskilda Banken AB (Publ) account

If you expect a payment from another country, give the sender a complete set of details. Share your name as the bank knows it, the IBAN or account number, SWIFT code ESSESGSGXXX and your address.

Their bank might also ask for the address of your bank, in which case the Singapore head office is the usual answer. A typo in the IBAN is harder to fix than it looks, so copy the details from your online banking.

The amount you receive is often less than the amount sent. Fees for incoming transfers vary from bank to bank; check the price list of Skandinaviska Enskilda Banken AB (Publ). On invoices, it is common to state how the fees are split.

ESSESGSG or ESSESGSGXXX – which one to use?

Every SWIFT/BIC code starts with an 8-character core: four letters for the bank, a two-letter country code and a two-character location code. Combined, these eight characters make up ESSESGSG – the version you usually see online.

The 11-character version adds three more characters that identify a branch or department. If the last three are XXX, they simply mean the head office.

Do not add spaces when you enter ESSESGSG or ESSESGSGXXX. Pasting the code beats retyping it.

Watch out for payment fraud

Stay alert if someone unexpectedly wants you to pay into another account or a bank in another country. A real SWIFT code says nothing about who owns the account – scammers simply use real codes.

Check changed payment details through a different channel like a call to a number from an earlier contract, never via the email that asked for the change. Urgency and secrecy are red flags; a genuine business can wait for you to check. If money has already gone to the wrong account, contact your bank immediately: the sooner they act, the better the chance of a recall.

Scams can also work the other way. Someone sends too much and asks you to return the extra. Wait until the money is actually in your account – ask Skandinaviska Enskilda Banken AB (Publ) if something looks wrong.