Bankgirocentralen Bgc AB SWIFT/BIC code

What BGABSESG means for a payment to Bankgirocentralen Bgc AB

BGABSESG and BGABSESGXXX are the short and the long form of the same SWIFT/BIC code, and both lead to Bankgirocentralen Bgc AB in Stockholm. A SWIFT code tells every bank in the chain which institution is meant to get the money, much like a postcode for banks. In practice you usually see it on international invoices, in your banking app and in the bank details of Bankgirocentralen Bgc AB customers.

On this page we explain how the code is put together, when you need it and what else a transfer to or from Bankgirocentralen Bgc AB requires. Remember that the BIC only identifies the bank, not the person: the IBAN or account number does that part.

Head office or branch code at Bankgirocentralen Bgc AB?

We have 3 SWIFT/BIC codes for Bankgirocentralen Bgc AB, spread over 1 cities. Besides the head office code BGABSESGXXX, you will find codes for individual branches and departments.

Usually there is no need to pick a branch: payments addressed to BGABSESGXXX reach Bankgirocentralen Bgc AB correctly. If you have been given a branch code, use it as it is instead of replacing it for the head office code.

Not sure which code to use? Check with the recipient or the bank itself. Codes can change when banks reorganise, so do not rely on old paperwork.

What a transfer from Bankgirocentralen Bgc AB abroad really costs

A bank transfer abroad costs rather more than the listed fee. You pay the fee for the transfer itself, sometimes charges from correspondent banks in between and, above all, the exchange rate markup.

Banks rarely list the margin on the rate separately, but you pay it all the same. An easy check: set the bank’s rate next to the mid-market rate and look at the difference.

For many routes, a specialist provider turns out to be cheaper than a bank – mostly thanks to the rate. GoldexPay compares transfer providers next to each other, showing the amount the recipient gets before you commit. You can still use your account at Bankgirocentralen Bgc AB to fund the transfer.

Transfer times and tracking a payment to Bankgirocentralen Bgc AB

There is no fixed delivery time: many arrive the same day or the next, others take several business days. Bank holidays in the sending or receiving country add a day or more to the journey. Sometimes a bank asks what the payment is for, which can hold things up.

A growing number of banks use SWIFT gpi for faster and traceable payments. Every gpi transfer gets a unique reference, the UETR. Money transfer services usually provide tracking in their app showing where the money is.

The bank that sent the money can start an official trace – the recipient’s bank often cannot see a payment that has not arrived. Request from the sender the payment receipt with the date and reference.

Paying into Bankgirocentralen Bgc AB in SEK

Sweden pays in the Swedish Krona (SEK). When you pay another currency, the amount has to be converted somewhere along the way: by your bank, an intermediary or Bankgirocentralen Bgc AB itself. You rarely see a separate charge for the conversion; it is built into the rate.

Where the conversion happens affects how much arrives, as rates and margins differ per bank. Often it is cheaper if you send SEK directly through a provider with a good rate rather than letting the receiving bank convert.

The SEK rate fluctuates throughout the day. With bigger transfers, a small gap in the rate adds up quickly.

Before you send: check the Bankgirocentralen Bgc AB code

The best place to find the correct BIC remains paperwork issued by the bank like a bank statement or the account page in online banking. Check it with BGABSESG on this page.

A wrong SWIFT code can cause a delay, a payment being sent back or additional charges along the way. A mistake in the IBAN or account number is more serious, because the money may be credited to someone else; check it just as carefully.

Many banking apps check the format of IBANs and some suggest the matching BIC. Where available, a payee name check on the recipient adds extra certainty. A small test payment can be a sensible step for large sums, even if it costs an extra fee.

Receiving money from abroad at Bankgirocentralen Bgc AB

If you are waiting for a payment from another country, give the sender all details at once. That means: your name exactly as it appears on the account, your account number or IBAN, the SWIFT/BIC code BGABSESGXXX and, often, your address.

It helps to include the bank name and Stockholm as well, since some forms ask for it. A typo in your account number is more trouble than you might think.

Money from abroad does not always arrive in full. Fees for incoming transfers differ per bank – the price list of Bankgirocentralen Bgc AB tells you what applies. On invoices, it is common to state who bears the costs.

About this information

We collect SWIFT/BIC codes using public sources and check our list from time to time. Even so, banks merge or change codes, so information can be out of date. Counts and locations come from our own dataset and are not confirmed by Bankgirocentralen Bgc AB.

See the information on this page as a handy check, and let the details from the recipient or Bankgirocentralen Bgc AB have the final say. We are an independent comparison site for money transfers and not affiliated with Bankgirocentralen Bgc AB. Found an error? Let us know via our contact form.

Watch out for payment fraud

Fraudsters regularly send payment requests containing changed bank details, sometimes in an email that looks completely genuine. That BGABSESG is a real code does not mean that the account is genuine.

Never rely on contact details in the same message that announces the new account. Urgency or requests to keep it quiet are warning signs – a real supplier can wait a day. When a payment was sent to the wrong account, contact your bank immediately: the sooner they act, the better the chance of a recall.

People receiving money are targeted too: a classic trick is an overpayment and then sends a request to send back the difference to another account. Do not act before the money has really arrived.

Do you need BGABSESG for a SEPA transfer?

Because Sweden is part of SEPA, a euro transfer into Bankgirocentralen Bgc AB from within the SEPA area normally requires just the IBAN. Many banks no longer ask for the BIC for these payments or fill it in for you.

The BIC still matter for payments in other currencies and when the money comes from outside SEPA. If your banking app asks for the BIC anyway, entering BGABSESG does no harm.

Instant euro transfers have become widely available across SEPA – whether Bankgirocentralen Bgc AB offers them for your account is worth checking. As long as no currency is converted, a SEPA transfer is cheap.

What the XXX in BGABSESGXXX means

The layout of a BIC is always the same: a bank code of four letters, a two-letter country code and two for the location. That gives you BGABSESG, the short form of the code.

The long version adds a three-character extension that identify a branch or department. If the last three are XXX, they simply mean the head office, so BGABSESGXXX and BGABSESG are interchangeable.

Type the code as one block, in capitals and without separators. Watch for the letter O and the digit 0 or the letter I and the digit 1; they are easy to mix up.