Euroclear Sweden AB SWIFT/BIC code

SWIFT/BIC code of Euroclear Sweden AB

The 8-character code VPCSSESS and the 11-character code VPCSSESSXXX refer to the same bank: Euroclear Sweden AB. A SWIFT code shows every bank in the chain which institution is meant to get the money. It comes up mainly for transfers between countries and payments in foreign currencies.

This page is meant to help anyone who receives money at an account at Euroclear Sweden AB without mistakes. The SWIFT code on its own does not identify an individual account holder; for that you need the IBAN or account number is for.

Verifying the SWIFT code of Euroclear Sweden AB

Ask the recipient to copy their bank details straight from a recent statement. Check it with VPCSSESS here.

A wrong SWIFT code may lead to a delay, a payment being sent back or extra fees. A mistake in the account number can be more serious, because the money may be credited to someone else; check it just as carefully.

An automatic check by your bank only confirms that the IBAN is valid, not that it is the right account. Where available, a payee name check before sending gives extra certainty. A small test payment can be worth it for a large first payment.

International transfers from Euroclear Sweden AB: the real cost

When you transfer money to another country from Euroclear Sweden AB, the visible fee is rarely all of what you pay. You pay the fee for the transfer itself, possibly fees charged by intermediary banks along the way and, above all, the exchange rate markup if the currency changes.

Many banks rarely show the margin on the rate as a cost, but you pay it all the same. Check the rate you are offered with the mid-market rate, the midpoint between buy and sell rates you see on financial sites; the gap is what conversion costs you.

For many routes, a specialist provider is less expensive than a traditional bank transfer. Before your next transfer, it is worth comparing the total cost via GoldexPay instead of going straight to your bank. Choosing a specialist does not mean leaving Euroclear Sweden AB.

Watch out for payment fraud

Be wary if someone suddenly wants you to pay into another account abroad. The fact that VPCSSESS exists is no guarantee that the account is legitimate; criminals use the codes of real banks too.

Do not trust a phone number in the same message that announces the change. Watch out for time pressure, odd spelling or a sender address that is slightly off. When money has already gone to a fraudster, contact your bank immediately.

Recipients can be targeted as well: one known trick is a buyer who pays too much and then sends a request to refund the difference. Do not act before the money has really arrived.

Receiving money from abroad at Euroclear Sweden AB

A sender in another country needs several details about your account – incomplete details often cause delays. The basics are: the account holder’s name, account number or IBAN, VPCSSESSXXX or VPCSSESS and often your home address.

Their bank may request the bank address of Euroclear Sweden AB, in which case the Stockholm head office is the usual answer. Check every detail before you send them.

The amount you receive is often less than the amount sent. Intermediary banks may deduct a fee, Euroclear Sweden AB may charge for incoming payments, and when currencies differ, a markup on the rate comes on top. For business payments, you can state who bears the costs.

Choosing between the 3 SWIFT codes of Euroclear Sweden AB

Euroclear Sweden AB has 3 different SWIFT/BIC codes across 1 locations. Only one is the head office code; the rest belong to branches.

Usually there is no need to pick a branch: transfers addressed to VPCSSESSXXX are routed within Euroclear Sweden AB correctly. Only use a branch code when your contact gives you that exact code.

The best way is to take the code directly from the account holder’s invoice. Codes are sometimes changed or retired when banks reorganise, so do not rely on old paperwork.

How up to date is this code?

Our SWIFT/BIC directory draws on public sources and is updated regularly. It is possible that a code on this page is out of date. The number of codes on this page reflect our own data and not on information from Euroclear Sweden AB itself.

For any payment of any size, always confirm the code with Euroclear Sweden AB or the recipient. GoldexPay is independent of Euroclear Sweden AB, we only compare transfer services. Should you notice something that is out of date, we welcome a message.

VPCSSESS or VPCSSESSXXX – which one to use?

A SWIFT code is built from a few fixed parts: characters one to four stand for the bank, the next two show the country and characters seven and eight indicate the location. The result is VPCSSESS, the short form of the code.

Most banks and apps work with either length. If yours asks for eleven characters, enter VPCSSESSXXX.

As a rule the code is typed in capitals. Pasting the code beats typing it by hand.

Paying into Euroclear Sweden AB in SEK

The national currency in Sweden is the Swedish Krona (SEK). If you send another currency, the amount has to be converted somewhere along the way – by your bank, by Euroclear Sweden AB or by a bank in between. You rarely see a separate line for that conversion – the cost sits in the rate.

Where the conversion happens has an effect on 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, so that the receiving bank does not need to convert again.

The rate for SEK changes throughout the day, so the amount you see is usually only valid for a short time. With bigger transfers, even small gap in the rate can be worth more than the fee.

When will the money arrive at Euroclear Sweden AB?

How fast a payment arrives at Euroclear Sweden AB is determined by a few things: the currency, how many intermediary banks are involved, daily processing deadlines and time zones. Weekends and public holidays in the sending or receiving country add extra days. Extra checks by one of the banks may also cause some delay, regardless of the details.

If a transfer is late, contact your bank for the tracking status and the transaction reference; with that reference banks can see where the payment is. Specialist transfer services often show a status online so you can see where the payment has got.

The bank that sent the money can start an official trace. Request from the sender the payment receipt including the reference.

Paying Euroclear Sweden AB in euros within SEPA

Inside SEPA, euro transfers to Euroclear Sweden AB follow the same rules and in most cases need only the IBAN. The BIC field is usually optional or missing in that case.

You still need VPCSSESSXXX for payments in other currencies or money from outside the SEPA area. A few banks and apps also show a field for the BIC out of habit; in that case, enter VPCSSESS.

SEPA transfers usually arrive by the next business day; instant payments are faster if both banks offer them. Charges on SEPA payments are generally low, as long as no currency conversion is involved.