Alandsbanken Abp (Finland),svensk Filial SWIFT/BIC code

Alandsbanken Abp (Finland),svensk Filial SWIFT code: AABASESS

AABASESS and AABASESSXXX are the short and the long form of the same bank identifier, and both point to Alandsbanken Abp (Finland),svensk Filial in Stockholm. A SWIFT code tells the banks handling a payment which institution should receive the money. In daily life you usually come across the code on invoices from abroad, in payment forms and in the bank details of Alandsbanken Abp (Finland),svensk Filial customers.

On this page you will find what the code means, when it matters and what else you need for a transfer to or from Alandsbanken Abp (Finland),svensk Filial. A SWIFT code identifies a bank or branch, never a single account; the IBAN or account number does that.

Where our SWIFT data comes from

Our SWIFT/BIC directory is compiled from publicly available sources and is updated regularly. Banks reorganise, close branches and change codes. Counts and locations come from our directory and are not confirmed by Alandsbanken Abp (Finland),svensk Filial.

For a payment of any size, always check the code with the recipient’s bank or the recipient. GoldexPay has no connection to Alandsbanken Abp (Finland),svensk Filial; we are a comparison site for money transfers. Spotted an error? Let us know via our contact form and we will look into it.

How to check AABASESS before you pay

Have the recipient send you the bank details directly from a recent statement. When the code you were given differs from AABASESS or AABASESSXXX, stop and ask: check with the recipient or with Alandsbanken Abp (Finland),svensk Filial directly.

With a wrong code, the transfer might get stuck, be returned or end up costing more. An error in the account number is more serious, so check that just as carefully.

An automatic check by your bank only confirms that the IBAN is valid – not that it belongs to the person you mean to pay. Some banks now check the name against the account – do not ignore a mismatch warning. When you pay someone new, many people send a small amount first.

Do you need AABASESS for a SEPA transfer?

Since Sweden is in the SEPA zone, a euro payment into Alandsbanken Abp (Finland),svensk Filial from within the SEPA area normally only needs the IBAN. Many banks no longer ask for the BIC for these payments or fill it in for you.

You will still need AABASESSXXX for non-euro payments or money from outside the SEPA area. If a payment form asks for the BIC anyway, entering AABASESS is fine.

Instant euro transfers have become increasingly available across SEPA; check with Alandsbanken Abp (Finland),svensk Filial whether it applies to your account. Charges on SEPA payments are generally low, as long as no currency conversion is involved.

Watch out for payment fraud

Be wary when someone suddenly asks you to send money to a different account. The fact that AABASESS exists does not mean that a request mentioning it is genuine.

Verify changed bank details via a separate channel like a call to a number from an earlier contract. Be suspicious of urgent requests, odd spelling or a sender address that is slightly off. Acted too fast? Contact the bank you paid from without delay and ask them to start a recall; also report it to the police.

Fraud can also work the other way. Someone sends more than agreed and wants you to refund the difference. Do not act before the money has really arrived.

Sending SEK to Alandsbanken Abp (Finland),svensk Filial

Sweden uses the Swedish Krona, code SEK. If you send another currency has to be converted somewhere along the way – by your bank, by Alandsbanken Abp (Finland),svensk Filial or by a bank in between. You rarely see a separate line for that conversion; it is built into the rate.

Who converts the payment makes a difference. Transferring the amount already in SEK usually prevents an extra conversion.

Rates for SEK change all the time – some services let you fix a rate in advance. For recurring payments, a slightly better rate add up over time.

What the XXX in AABASESSXXX means

A SWIFT code is made up of a few fixed parts: characters one to four stand for the bank, characters five and six give the country and the two after that indicate the location. The result is AABASESS, the short form of the code.

Many payment forms accept both lengths. If a form requires eleven characters, use AABASESSXXX; if it wants eight, use AABASESS.

In practice the code is written in capitals, without spaces or dashes. A wrong character can send the money to another bank, so check it twice.

Alandsbanken Abp (Finland),svensk Filial: head office code versus branch codes

Alandsbanken Abp (Finland),svensk Filial uses 2 different SWIFT/BIC codes across 1 locations. Only one is the head office code; the rest belong to branches.

Unless the recipient tells you otherwise, go with AABASESSXXX. If you have been given a specific code, stick to it rather than replacing it for the head office code.

The safest route is to copy the code straight from the recipient’s statement. Codes for branches are more prone to change than AABASESSXXX when a bank merges or closes offices.

What to give a sender who pays you at Alandsbanken Abp (Finland),svensk Filial

Someone abroad who wants to pay you will ask for several details from you – incomplete details often cause delays. What they need is: the account holder’s name, account number or IBAN, AABASESSXXX and in many cases your home address.

Some sending banks want the bank’s address in Stockholm; it does no harm to include it. Double-check every detail before you send them – a sender rarely spots a mistake in someone else’s details.

The amount you receive is often less than what was sent. Correspondent banks can take a fee, Alandsbanken Abp (Finland),svensk Filial may charge for incoming payments, and if the money is converted, a markup on the rate comes on top. For business payments, you can agree who bears the costs, so that nobody is left short.

International transfers from Alandsbanken Abp (Finland),svensk Filial: the real cost

When you send money to another country through Alandsbanken Abp (Finland),svensk Filial, the fee you see is only part of the cost. You pay the transfer fee, possibly charges from correspondent banks along the way and, most importantly, the exchange rate markup if the currency changes.

Many banks rarely list the margin on the rate separately, but you pay it all the same. A simple test: set the bank’s rate against the mid-market rate for the same moment and work out the difference on your amount.

For many currency pairs, a transfer service turns out to be less expensive than a traditional bank transfer, mainly because of the exchange rate. GoldexPay compares transfer providers next to each other so you can see what actually arrives. You can still keep your account at Alandsbanken Abp (Finland),svensk Filial to fund the transfer.

When will the money arrive at Alandsbanken Abp (Finland),svensk Filial?

How fast a payment reaches Alandsbanken Abp (Finland),svensk Filial is determined by several factors: which currency you send, how many intermediary banks are involved, daily processing deadlines and differences in time zone. Weekends and public holidays in the sending or receiving country add extra days. Occasionally a bank wants to know about the purpose of a payment, which can hold things up.

Many banks are connected to SWIFT gpi. Every payment carries a unique transaction reference, the UETR. Save the payment confirmation until the money has arrived – you will need it for any trace request.

If the money does not arrive after a few business days, the person who paid needs to contact the bank that sent it, not the receiving bank. Ask the sender for a copy of the payment confirmation with the date and reference – it helps your own bank look for the money.