SWIFT/BIC codes in Sweden: banks starting with G

Sweden: banks and their SWIFT/BIC codes

For Sweden our database holds 523 SWIFT/BIC codes. You will need a SWIFT/BIC code mainly when making international transfers and for payments in a foreign currency.

Choose the bank from the list to see its head office code and any branch codes, plus practical notes for sending and receiving money. The sections below explain how the codes work, what transfers cost and the checks worth doing before you send money.

Tracking a payment to Sweden

A SWIFT payment to Sweden typically needs anywhere from one to several business days, depending on the currency, the route and the banks involved. Bank holidays in Sweden or in the sending country add a day or more, because banks do not process payments on those days.

When a payment takes longer than expected, the sender should contact their own bank for a trace. Money transfer services often provide tracking in their app so you can follow the payment.

What the letters in a Sweden BIC mean

A BIC is 8 or 11 characters long. First comes four letters for the bank, then two letters for the country and a two-character location code.

In every code from Sweden, characters five and six are the two-letter ISO code of Sweden. Codes with other letters in that position come from a bank abroad.

The long version adds a branch code – XXX stands for the head office. Choose a branch code just if the recipient explicitly gives you one.

Sending money to Sweden for less

What you pay for a transfer to Sweden has several parts, and the fee on your screen is only one of them. Besides the fee, correspondent banks may deduct a charge and, if currencies are converted, the bank usually uses a rate below the real market rate.

The markup on the rate is often the largest part of the cost. An easy check: put the offered rate against the mid-market rate and work out the difference on your amount.

Money transfer services often use a rate near the mid-market rate with clearer fees. GoldexPay compares these providers side by side so you can see what actually arrives in Sweden.

Filter: banks in Sweden with :letter

The letter filter narrows the list to banks from Sweden that begin with :letter, so you can find a bank faster. The totals on this page cover every bank we list.

Cannot find the bank? Its official name may begin with another word. Use the full list for Sweden when you are not sure how the name is spelled.

How reliable is this list?

The best place to find the right code is a document from the bank itself. An incorrect BIC can cause a delay, a returned payment or extra fees – compare it with the code in our list.

Our SWIFT/BIC directory draws on public sources that we update periodically. Even so, banks merge, rename themselves or change codes and our data may lag behind. For any payment that matters, check the BIC with the recipient. GoldexPay is an independent comparison site and has no link to the banks in this list.

Scammers regularly use fake invoices carrying changed bank details that look completely genuine. A valid BIC says nothing about whether a request is genuine – scammers use the codes of real banks.

The Swedish Krona (SEK) and conversion costs

Sweden pays in the Swedish Krona, with the currency code SEK. When you pay another currency, it has to be converted somewhere along the way: by your bank, an intermediary or the receiving bank.

Which bank converts the payment makes a difference: every bank has its own margin. In many cases it is cheaper if you send SEK directly via a provider with a good rate so the receiving bank does not need to convert again. Rates for SEK move all the time, so a quote is usually valid only briefly.

The largest SWIFT network in Sweden: Nasdaq Omx Broker Services Aktiebolag

Nasdaq Omx Broker Services Aktiebolag leads our list for Sweden when it comes to the number of SWIFT/BIC codes. Its head office code is OMBSSESSXXX – the code most transfers need.

How many codes a bank has tells you more about how it organises its payments than about its size. Making a payment to Nasdaq Omx Broker Services Aktiebolag? Go with OMBSSESSXXX except when the recipient gives you a branch code.

Paying in euros to Sweden

Because Sweden is in the SEPA zone, a euro transfer to an account in Sweden normally only needs an IBAN. Many banks do not require the BIC in that case.

The BIC still come into play for payments in other currencies. Instant euro transfers have become widely available across SEPA, though not every bank offers them for every account. As long as the payment stays in euros, a SEPA transfer tends to be cheap.

Getting paid from abroad into an account in Sweden

If you expect money from abroad in Sweden, send the payer everything they need in one go. Give them your name as registered with the bank, the IBAN or account number, your bank’s SWIFT code and your address.

The code of your bank is in the list on this page. Certain banks may also want your bank’s address; it does no harm to include it.

Expect that the amount credited is smaller than what the sender paid. Correspondent banks can take a fee and your own bank may charge for processing, and if the money is converted, a markup on the rate applies. Make clear with the sender who pays which costs, especially for larger amounts.