SWIFT/BIC codes in Sweden: banks starting with M

Bank SWIFT codes for Sweden

In Sweden we have 523 SWIFT/BIC codes, spread over 421 banks. A SWIFT code tells the banks handling a transfer exactly which bank is meant to get the money.

Every bank has its own page showing its main code and, where available, branch codes. Further down we explain how codes from Sweden are built, how to send money to Sweden without overpaying and what to check before you pay.

Euro payments to Sweden: is a BIC needed?

Sweden is a member of the SEPA area. For a regular euro transfer within SEPA, the IBAN is usually enough; many banks no longer ask for the BIC.

You still need the BIC when sending payments in other currencies or transfers from countries outside SEPA. SEPA transfers usually arrive by the next business day, and instant transfers in seconds where both banks support them. As long as no conversion is involved, the transfer is usually cheap.

Filter: banks in Sweden with :letter

This list only shows the banks in Sweden beginning with :letter. The totals mentioned above always cover the whole country.

Some banks are listed under their legal name, which may start with words like Bank or Banco, so the letter can differ from what you expect. The full overview for Sweden remains available when the letter filter does not help.

Check the code before you pay

The most reliable place for the correct BIC is paperwork issued by the bank. If the code you have does not match the code listed here, do not guess: check with the recipient or the bank.

This list draws on publicly available sources that we update periodically. Banks merge, change names and change codes, and no directory catches every change immediately. Treat our data as a starting point, not as the final word; the recipient’s bank details are leading. We are a comparison service.

Watch out for payment requests containing changed bank details, especially when they come by email. Always verify changed details through a separate channel, using a number you already had.

How long does a transfer to Sweden take?

How fast a payment arrives in Sweden depends on several factors: the currency, how many intermediary banks are involved, daily processing deadlines and differences in time zone. Payments made after the cut-off time or on a weekend or public holiday often go out the next business day.

A growing number of banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Every gpi transfer gets a unique reference, the UETR, which the sending bank can use to trace it. Save the payment confirmation until the recipient confirms – you will need it if something goes wrong.

Receiving money in Sweden from abroad

To receive an international payment into a Sweden account, the person paying you needs not just the SWIFT code. Share the account holder’s name, your account number or IBAN, the BIC of your bank and your address.

The code of your bank appears in our list, yet the version on your own statement or in your banking app is leading. Certain sending banks may also want the name and address of your bank, so keep it at hand.

Do not be surprised if the amount credited is below the amount on the sender’s receipt. Intermediary banks may deduct a fee, and when currencies differ, a markup on the rate applies. On invoices, agree who bears the costs to avoid a shortfall.

Sending money to Sweden for less

What you pay for a payment to Sweden has more than one component. Besides the fee, correspondent banks can take a cut and, if currencies are converted, the bank often applies a rate below the real market rate.

The real cost is often in the rate, rather than in the fee. An easy check: put the offered rate next to the mid-market rate and look at the difference.

Specialist money transfer services frequently use rates closer to the mid-market rate. On GoldexPay you can compare what recipients in Sweden receive across providers, which makes the cheapest option easy to spot.

The Swedish Krona (SEK) and conversion costs

The currency in Sweden is the Swedish Krona (SEK). When you pay another currency, the amount has to be converted at some point.

Which bank converts the payment makes a difference, because each party uses its own rate. Check how much SEK the recipient gets with several providers; the difference between options can be larger than you expect. On larger amounts, a seemingly small gap in the rate can be worth more than the fee.

The structure of a Sweden SWIFT/BIC code

SWIFT/BIC codes use the same format worldwide: 8 characters. First comes four letters for the bank, followed by two letters for the country and two characters for the location.

You can spot a bank code from Sweden by the fifth and sixth characters – those always form the country code of Sweden. Codes with a different country code belong to a bank abroad – a quick way to catch mistakes.

The long version adds three characters for a branch – XXX stands for the head office. For most transfers the head office code is fine unless the recipient asks for a specific branch.

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

Of the 421 banks in Sweden, Nasdaq Omx Broker Services Aktiebolag has the largest number of codes. The head office of Nasdaq Omx Broker Services Aktiebolag uses OMBSSESSXXX and that code covers most payments.

Banks differ in how many codes they register – a high count is not a measure of size. Making a payment to Nasdaq Omx Broker Services Aktiebolag? Go with OMBSSESSXXX unless a specific branch code is requested.