SWIFT/BIC codes in Sweden

SWIFT/BIC codes in Sweden

In Sweden our database holds 523 SWIFT/BIC codes from 421 banks. You need a SWIFT/BIC code mostly for international transfers and for payments in a foreign currency.

Search for the bank you need in the list and click through to see all codes we have. Further down you can read how a code from Sweden is put together, how to send money to Sweden at a fair price and what to check before you pay.

Tracking a payment to Sweden

An international transfer to Sweden typically needs one to a few business days – it depends on currency, route and the banks in between. Transfers sent after the cut-off time or on a weekend or public holiday usually start a business day later.

When a payment takes longer than expected, ask the sender to contact the sending bank and ask for the status or the UETR – the receiving bank often cannot see a payment that has not arrived. Money transfer services often provide a status in their app, which makes it easier to see where the money is.

Banks in Sweden starting with :letter

Here you see a selection: only banks in Sweden whose name begins with :letter. The figures for Sweden mentioned here apply to all 421 banks and not only this letter.

Some banks appear under their official name, which may start with words like Bank or Banco. Use the full list for Sweden if you are not sure the exact name.

Euro payments to Sweden: is a BIC needed?

Sweden is part of the Single Euro Payments Area (SEPA). For a regular euro transfer within SEPA, you normally only need the IBAN.

The BIC still come into play when the currency is not euros. Instant payments in euros are increasingly supported within SEPA. As long as no conversion is involved, the transfer is usually cheap.

Verifying a SWIFT code from Sweden

The safest source for the BIC is the bank details provided by the recipient. When the code you were given does not match our list, stop and ask – contact the recipient or their bank.

We collect bank codes using public sources and check them from time to time. Still, banks merge or retire codes and our data may lag behind. Treat this list as a reference, not as the final word: the bank details from the recipient come first. We are a comparison service for money transfers.

Be wary of invoices with changed bank details, especially when they come by email. A real SWIFT code tells you nothing about who owns the account – scammers use the codes of real banks.

What the letters in a Sweden BIC mean

SWIFT/BIC codes use the same format worldwide: 8 characters, sometimes followed by three more. First comes four letters for the bank, followed by two letters for the country and a two-character location code.

Whatever the bank, every code from Sweden have the same fifth and sixth letters, namely the ISO code of Sweden. When the country letters point to another country, you are looking at a bank in another country – worth double-checking.

An 11-character code ends in a branch code – XXX stands for the head office. Choose a branch code just if the recipient explicitly gives you one – otherwise stick with the head office.

Nasdaq Omx Broker Services Aktiebolag and its SWIFT codes

Of all banks we list for Sweden, Nasdaq Omx Broker Services Aktiebolag has the largest number of SWIFT codes. The head office of Nasdaq Omx Broker Services Aktiebolag has OMBSSESSXXX and that code covers most payments.

Many codes usually reflects that the bank registers branches and departments separately. Unless a branch code is given, the head office code OMBSSESSXXX works for a payment to Nasdaq Omx Broker Services Aktiebolag.

Sweden and the Swedish Krona

The currency of Sweden is the Swedish Krona (SEK). Money sent in a different currency will be converted into SEK before it reaches the account, and whoever converts it chooses the rate.

Which bank converts the payment makes a difference, because each party uses its own rate. Often it is cheaper if you send SEK directly via a transfer service that converts near the mid-market rate. With bigger transfers, even a small gap in the rate can be worth more than the fee.

Receiving money in Sweden from abroad

For an international payment into a Sweden account, the person paying you needs more than the BIC. In practice that means: your name as your bank knows it, your account number or IBAN, the BIC of your bank and, often, your postal address.

Look up your bank in the list on this page, but take the code from your own bank details when in doubt. Some sending banks may also want your bank’s address, so keep it at hand.

The amount you receive is often less than the amount sent. Fees for incoming transfers differ per bank. On invoices, agree who bears the costs, so nobody is left short.

Sending money to Sweden for less

The price of a transfer to Sweden is made up of several parts, and the fee on your screen is only one of them. On top of a fixed fee, correspondent banks may take a cut and, if currencies are converted, the bank usually uses a rate below the actual market rate.

That exchange rate margin tends to be the biggest part of the cost, even though it is not listed as a fee. A simple test: put the offered rate against the mid-market rate and look at the difference.

For a lot of routes, a transfer service is less expensive than a bank, mainly because of the rate. Before your next transfer to Sweden, it is worth comparing what arrives on GoldexPay.