B and P Fund Services Aktiebolag SWIFT/BIC code

B and P Fund Services Aktiebolag SWIFT code: FUSASES1

The short code FUSASES1 and the full code FUSASES1XXX refer to the same bank: B and P Fund Services Aktiebolag. A BIC does one job: it makes sure that money from abroad reaches the right bank. In practice you mostly see the code on international invoices, in your banking app and in the bank details that B and P Fund Services Aktiebolag provides.

On this page you will find how the code is put together, when you need it and which other details you need for a transfer to or from B and P Fund Services Aktiebolag. The SWIFT code on its own cannot identify an individual account holder; that is what the account number or IBAN is for.

Is FUSASES1 still correct? How to check

The most reliable place for the right code is a document from the bank itself, such as a statement or the account details in online banking. Check that code with FUSASES1 on this page.

Errors in the BIC tend to be annoying more than disastrous: often the payment comes back, minus fees. Remember the account number: a mistake there is harder to correct than a wrong BIC.

A format check in your banking app merely tells you that the code is valid – not that it belongs to the person you mean to pay. If your bank offers it, a payee name check before sending gives extra certainty. Sending a small amount first is a sensible step for a large first payment despite the extra fee.

What a transfer from B and P Fund Services Aktiebolag abroad really costs

A bank transfer abroad costs more than the fee suggests. Besides a fixed fee, correspondent or intermediary banks may take a cut, and when currencies are converted, the bank often uses a rate below the actual market rate.

That exchange rate margin tends to be the largest item, and it is easy to miss. Compare their rate with the mid-market rate, the midpoint between buy and sell rates you see on financial sites. The difference is your real conversion cost.

For a lot of currency pairs, a transfer service turns out to be less expensive than a bank – mostly thanks to the rate. GoldexPay compares what recipients receive with different services. You can still use your account at B and P Fund Services Aktiebolag, while a cheaper service handles the conversion.

Sending SEK to B and P Fund Services Aktiebolag

Most accounts at B and P Fund Services Aktiebolag are usually held in SEK, the local currency. Money sent in a different currency will be converted into SEK on its way to B and P Fund Services Aktiebolag, and whoever converts it chooses the rate. Each conversion eats into the amount – usually through the rate rather than a fee.

Who does the conversion has an effect on the final amount, as rates and margins differ per bank. In many cases it is cheaper to send SEK directly through a provider that converts near the mid-market rate.

Exchange rates change all the time. With bigger transfers, a small difference in the rate adds up quickly.

Choosing between the 2 SWIFT codes of B and P Fund Services Aktiebolag

Our database contains 2 SWIFT/BIC codes for B and P Fund Services Aktiebolag. Next to the head office code FUSASES1XXX, there are codes for individual branches and departments.

For the vast majority of incoming transfers, the head office code FUSASES1XXX is what you need. Just use a branch code when your contact gives you that exact code, for example on an invoice or in their bank details.

The safest approach is to take the code straight from the account holder’s statement. Codes for branches are more prone to be retired than FUSASES1XXX when a bank merges or closes offices.

Watch out for payment fraud

A common scam works like this: you receive a message saying that a company now has new bank details and that the next payment should go there. A real SWIFT code tells you nothing about whether the request is genuine.

Verify changed bank details through a separate channel, never via the email that asked for the change. Watch out for urgent requests, unusual wording or a sender address that is slightly off. When money was sent to the wrong account, contact your bank immediately – speed improves the chance of getting it back.

Recipients are targeted too: a classic trick is an overpayment and then sends a request to send back the difference abroad. A screenshot of a transfer is no proof.

Paying B and P Fund Services Aktiebolag in euros within SEPA

Because Sweden is in the SEPA zone, a euro transfer to B and P Fund Services Aktiebolag from within the SEPA area usually only needs an IBAN. Many banks do not require the BIC for these payments or fill it in for you.

The BIC still matter when the currency is not euros, and for transfers from outside SEPA. If a payment form has a field for the BIC anyway, entering FUSASES1 does no harm.

SEPA transfers normally land within one business day; instant payments are faster if both banks offer them. Provided no currency is converted, a SEPA transfer is cheap; it is the conversion that costs money.

8 or 11 characters: FUSASES1 versus FUSASES1XXX

The structure of every SWIFT code is always the same: four characters for the institution, a two-letter country code and two for the location, sometimes followed by a branch code. In this case, the 8-character core is FUSASES1.

XXX at the end of FUSASES1XXX is not a missing value or an error: it stands for the head office of B and P Fund Services Aktiebolag. Certain payment forms ask for 11 characters, in which case you simply enter XXX behind FUSASES1.

In practice the code is typed in capitals, without spaces or dashes. Copying the code beats typing it by hand: a typo can point to another bank.

Incoming international payments to B and P Fund Services Aktiebolag

When you expect a payment from another country, give the sender a complete set of details. What they need is: the account holder’s name, account number or IBAN, FUSASES1XXX or FUSASES1 and in many cases your postal address.

Certain sending banks want the name and address of B and P Fund Services Aktiebolag; it does no harm to include it. A typo in the IBAN can be harder to fix than it looks; copy them from your banking app rather than typing.

Do not be surprised if the amount credited is below the amount on the sender’s receipt. Intermediary banks may deduct a fee, and if the currency changes, a markup on the rate applies. Make clear with the sender who pays which costs.

How long does an international transfer to B and P Fund Services Aktiebolag take?

How quickly a transfer reaches B and P Fund Services Aktiebolag is determined by several factors: the currency, the number of banks in between, cut-off times and time zones. Weekends and public holidays in the sending or receiving country add extra days. Occasionally a bank wants to know what the payment is for.

Many banks use SWIFT gpi. Every gpi transfer gets a unique transaction reference, the UETR. Money transfer services often provide a status online showing where the payment is.

If a payment has not arrived after a few business days, the person who paid needs to contact the bank that sent it rather than B and P Fund Services Aktiebolag. Ask the sender for a copy of the payment confirmation including the reference – it helps your own bank look for the money.

Where our SWIFT data comes from

We collect bank codes using publicly available data and check them from time to time. Even so, banks merge, rename themselves or retire codes. Counts and locations come from our directory and may differ from what B and P Fund Services Aktiebolag publishes.

Treat our directory on this page as a helpful check and rely on the recipient or B and P Fund Services Aktiebolag for the final confirmation. We are a comparison site and not affiliated with B and P Fund Services Aktiebolag. If you notice a mistake, we appreciate a short note.