Nordea Bank AB (Publ) SWIFT/BIC code

Nordea Bank AB (Publ) SWIFT code: NDEASEGG

NDEASEGG and NDEASEGGXXX are two ways of writing the same bank identifier, and both point to Nordea Bank AB (Publ) in Goteborg. Banks worldwide use these codes to direct international transfers to the right institution. In daily life you usually see the code on invoices from abroad, in payment forms and in the bank details that Nordea Bank AB (Publ) provides.

This page is meant to help people who receives money at an account at Nordea Bank AB (Publ) and wants to get the details right. Keep in mind that the SWIFT code just identifies the bank, not the account: the IBAN or account number does that part.

International transfers from Nordea Bank AB (Publ): the real cost

The price of an international transfer has several parts – not just the fee on your screen. Besides the transfer fee, correspondent or intermediary banks may deduct a fee, and when currencies are converted the bank usually uses a rate that is less favourable than the real market rate.

That exchange rate margin tends to be the largest cost because it is hidden in the rate. An easy check: put the bank’s rate against the mid-market rate and work out the difference on your amount.

Specialised transfer providers often offer a rate near the mid-market rate and lower fees. GoldexPay compares what recipients receive across providers, so you can pick the cheapest route. Using a transfer service does not require closing your account at Nordea Bank AB (Publ): you simply pay the service from your account.

About this information

We gather SWIFT/BIC codes from publicly available data and update our list regularly. Still, banks merge, rename themselves or retire codes, so information can be out of date. Figures such as the number of codes are from our directory.

Treat the information here as a handy check and rely on the recipient or Nordea Bank AB (Publ) for the final confirmation. We are an independent comparison site and not part of Nordea Bank AB (Publ). Spotted outdated information? Let us know through the contact page so we can correct it.

Is NDEASEGG still correct? How to check

The most reliable source for a SWIFT code is the recipient’s own bank details – an invoice, a statement or a screenshot from online banking. Compare it against NDEASEGG here and ask if anything does not match.

Errors in the BIC tend to be costly rather than disastrous: often the payment comes back, minus fees. An error in the IBAN or account number is a bigger problem because it can reach the wrong person.

Many banking apps validate the structure of an IBAN. If your bank offers it, a name check before sending gives extra certainty. Sending a small amount first is a sensible step for a large first payment.

SEPA payments and the Nordea Bank AB (Publ) BIC

Inside SEPA, euro payments to an account in Sweden follow common rules, so the IBAN does the job in most cases. The BIC field is often optional for those payments.

A SWIFT code like NDEASEGG does matter for payments in other currencies, and for transfers from outside SEPA. If a payment form has a field for the BIC anyway, adding NDEASEGG is fine.

SEPA transfers usually arrive within one business day. Fees for SEPA transfers are generally low.

Changed bank details? Be careful

One of the most common tricks goes like this: an email arrives with a message claiming that a company now has a new bank account and asking you to pay there from now on. The fact that NDEASEGG exists does not mean that the account is legitimate.

Always verify changed bank details by phone. Be suspicious of urgent requests, unusual wording or an email address that differs by one letter. When money was sent to the wrong account, call your bank right away: the sooner they act, the better the chance of a recall.

Fraud also work the other way. Someone claims to have sent more than agreed and asks you to refund the difference. A payment confirmation from the sender proves nothing.

How long does an international transfer to Nordea Bank AB (Publ) take?

A SWIFT payment usually needs one to a few business days. Weekends and public holidays in either country can add extra days. Sometimes a bank asks about the purpose of a payment before releasing it.

Many banks use SWIFT gpi. Every payment gets a unique reference, the UETR that banks can use to trace it. Save the payment confirmation until the recipient confirms; it contains the details a bank needs to start a trace.

The bank that sent the money can request a trace or a recall – the recipient’s bank often cannot see a payment that has not arrived. Request from the sender a copy of the payment confirmation.

Receiving money from abroad at Nordea Bank AB (Publ)

When you expect a payment from another country, give the sender a complete set of details. Give them the account holder’s name, your account number or IBAN, the BIC NDEASEGGXXX and your address, which some banks require.

Some banks want the bank’s address, so keep it at hand. Double-check the details before you share them – a sender rarely spots a mistake in someone else’s details.

Do not be surprised if the incoming amount is below the amount on the sender’s receipt. Intermediary banks may deduct a fee, Nordea Bank AB (Publ) may charge for incoming payments, and if the currency changes, a markup on the rate applies. For business payments, you can agree how the fees are split to avoid a shortfall.

Paying into Nordea Bank AB (Publ) in SEK

Sweden uses the Swedish Krona, with the currency code SEK. If you send money in a different currency it has to be converted somewhere along the way – by your bank, by Nordea Bank AB (Publ) or by a bank in between. Every conversion costs something.

Who converts the money makes a difference, because each party uses its own rate. Often it is cheaper if you send SEK straight away through a transfer service that converts near the mid-market rate rather than letting the receiving bank convert.

The rate for SEK changes constantly and quotes are often valid only for a short time. If you pay regularly, a slightly better rate add up over a year.

Head office or branch code at Nordea Bank AB (Publ)?

With 8 codes in 2 locations, Nordea Bank AB (Publ) is one of the banks that use individual codes for parts of the organisation. The head office code remains NDEASEGGXXX.

For most payments to a private or business account, the head office code NDEASEGGXXX is the right choice. Only use a branch code when the recipient explicitly asks for it, for example on an invoice or in their bank details.

Unsure which code to use? Ask the recipient, or look at a recent statement from Nordea Bank AB (Publ). Branch codes are more prone to be retired than the head office code when a bank merges or closes offices.

8 or 11 characters: NDEASEGG versus NDEASEGGXXX

Each SWIFT/BIC code starts with an 8-character core: a four-letter bank code, a two-letter country code and a two-character location code. Together, those parts form NDEASEGG.

The 11-character version adds a three-character extension that identify a branch or department. If the last three are XXX, they simply mean the head office.

Enter the code in one piece, in upper case and without spaces, exactly as shown here. A single letter can send a payment to a different institution, so check it twice.