Atlas Copco AB SWIFT/BIC code

Atlas Copco AB SWIFT code: ATLPSES2

The short code ATLPSES2 and the 11-character code ATLPSES2XXX refer to the same bank: Atlas Copco AB, with its head office in Stockholm. A SWIFT code shows every bank in the chain exactly which bank is meant to get the money. It comes up mostly when dealing with transfers between countries.

Below you will find the practical questions: money coming in from abroad, sending money abroad and how to check a SWIFT code before you hit send. Keep in mind that the BIC only identifies the bank, not the account: the IBAN or account number takes care of that.

Receiving money from abroad at Atlas Copco AB

Someone abroad who wants to pay you will ask for several details about your account – incomplete details often cause delays. In practice that means: your name as registered with Atlas Copco AB, your IBAN or account number, the BIC ATLPSES2XXX and sometimes your address.

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

An incoming payment will not always arrive for the full amount. Intermediary banks may deduct a fee, and if the currency changes, an exchange rate margin applies. For business payments, you can agree who bears the costs, so that nobody is left short.

Sending SEK to Atlas Copco AB

Sweden uses the Swedish Krona, with the currency code SEK. When you pay money in a different currency, the amount has to be converted somewhere along the way: by your bank, an intermediary or Atlas Copco AB itself. There is rarely a separate line for that conversion.

Where the conversion happens affects how much arrives, as rates and margins differ per bank. Transferring the amount already in SEK usually avoids an extra conversion by Atlas Copco AB, provided the rate you get is fair.

Rates for SEK move during the day – some services let you fix a rate in advance. If you pay regularly, small differences in the rate make a real difference over a year.

Watch out for payment fraud

One of the most common tricks works like this: an email arrives with a message claiming that a supplier has a new bank account and that the next payment should go there. A real SWIFT code tells you nothing about who owns the account.

Always confirm a change of bank details through a phone call, using a number you already had. Watch out for time pressure, odd spelling or an email address that differs by one letter. Already paid? Call your bank straight away and have them try to recall the payment and report the fraud.

Scams also work the other way. Someone claims to have sent too much and asks you to return the difference to a new account. A payment confirmation from the sender is no proof – check your own account.

8 or 11 characters: ATLPSES2 versus ATLPSES2XXX

The layout of every SWIFT code is always the same: a bank code of four letters, two for the country and two for the location, sometimes followed by a branch code. That gives you ATLPSES2 for Atlas Copco AB.

Many payment forms work with both lengths. If a form requires eleven characters, enter ATLPSES2XXX; if it wants eight, use ATLPSES2.

As a rule the code is typed in capitals and without spaces. Pasting the code is safer than typing it by hand, because one wrong letter changes the bank.

Which of the 2 codes of Atlas Copco AB do you need?

Having 2 codes, Atlas Copco AB is one of the banks that register individual codes for branches and departments. The head office code is ATLPSES2XXX.

In most cases there is no need to pick a branch: payments addressed to ATLPSES2XXX are routed within Atlas Copco AB without problems. Branch codes are only needed if the account holder specifically asks for it, which is more common for business accounts and trade services.

The best way is to take the code directly from the recipient’s statement. Codes for branches are more likely to change than the head office code.

Transfer times and tracking a payment to Atlas Copco AB

There is no single delivery time: many land the same day or the next while others need several business days. Weekends and public holidays in either country add a day or more. Compliance checks by one of the banks may also add a delay, even when all details are correct.

If the money is late, ask your bank for the tracking status and the transaction reference so they can trace it along the chain. Specialist transfer services often provide tracking in their app so you can see how far the money has got.

A missing payment is investigated from the sending side, using the payment confirmation. Request from the sender the payment receipt including the reference.

Sending money abroad from Atlas Copco AB

An international bank payment can cost rather more than the fee suggests. You pay the fee for the transfer itself, possibly charges from correspondent banks along the way and, above all, the exchange rate markup.

The real cost is often in the rate, rather than in the fee: the bank converts using an exchange rate with a margin built in. Check their rate with the mid-market rate – the rate you find on financial news sites; the gap is what conversion costs you.

Money transfer services often offer rates closer to the mid-market rate with clearer fees. GoldexPay compares transfer providers side by side so you can see what actually arrives for the same amount sent. Choosing a specialist does not require leaving Atlas Copco AB.

Verifying the SWIFT code of Atlas Copco AB

The most reliable place for the correct BIC remains paperwork issued by the bank like a bank statement or the account page in online banking. Check that code with ATLPSES2 here; if they differ, ask before you pay.

With a wrong code, the transfer might get stuck, be returned or end up costing more – sometimes after weeks of searching. Do not forget the IBAN: an error there can be harder to undo than a wrong BIC.

Many banking apps check the structure of an IBAN, but that does not prove the account belongs to the right person. If your bank offers it, a payee name check on the recipient gives extra certainty. When you pay someone new, some people start with a small test amount before sending the rest.

SEPA payments and the Atlas Copco AB BIC

Sweden belongs to the SEPA area, the zone for standardised euro payments. When you send euros from another SEPA country, the IBAN is usually enough.

You will still need ATLPSES2XXX when sending payments in other currencies or money from outside the SEPA area. Some banks and apps also show a field for the BIC; in that case, enter ATLPSES2 or ATLPSES2XXX.

Instant euro transfers are increasingly supported across SEPA; check with Atlas Copco AB whether it applies to your account. Provided no currency is converted, a SEPA transfer tends to be inexpensive.

A note on our data

The codes here are taken from publicly available data. Institutions reorganise, change names and retire codes – a directory can be a step behind. The number of codes on this page are based on our own data, not official figures from Atlas Copco AB.

Use our data as a starting point, rather than as the final word – the bank details from the recipient are leading. We are a comparison site for money transfers and not part of Atlas Copco AB. Spotted outdated information? Let us know through the contact page and we will look into it.