SWIFT/BIC codes in Sweden: banks starting with Q

Finding a SWIFT code in Sweden

Our directory contains 421 banks and other institutions in Sweden. Each code identifies an institution or one of its branches, so a payment from abroad reaches the right place.

Look for the bank you need in the list and open its page for the full list of codes and the details a transfer needs. Below the list we explain how codes from Sweden are built, how to send money to Sweden without overpaying and how to check a code before you pay.

The structure of a Sweden SWIFT/BIC code

Bank identifier codes use the same format worldwide: eight characters, sometimes followed by three more. Characters one to four stand for the bank, characters five and six are the country code and characters seven and eight give the location.

In every code from Sweden, characters five and six show the ISO country code of Sweden – that is the quickest way to spot one. A code with a different country code belong to a bank abroad, even if the bank name looks familiar.

If the last three are XXX, it means the head office and the short version works just as well. In most cases the head office code is what you need, unless the recipient gives you a branch code.

SWIFT codes in Sweden: banks under :letter

You are looking at a selection: only institutions in Sweden whose name begins with :letter. The counts in the introduction still cover all banks in Sweden.

If a bank is missing under :letter, try the full list: banks are often registered under their full legal name. Use the full list for Sweden when you do not know the exact name.

Verifying a SWIFT code from Sweden

The safest source for the BIC is the bank details provided by the recipient: an invoice, a statement or their online banking. A wrong code can cause a delay, a payment being sent back or extra fees.

We collect bank codes using public sources and check them regularly. Even so, banks merge or change codes and our data may lag behind. Use our data as a starting point: the bank details from the recipient come first. GoldexPay is a comparison service for money transfers.

Watch out for payment requests containing a new account, especially when they come by email. A real SWIFT code says nothing about who owns the account: criminals use real codes too.

The cheapest way to send money to Sweden

If you transfer money to Sweden through a regular bank, the fee you see is rarely all of what you pay. Besides a fixed fee, intermediary banks may take a cut, and when the money is converted the bank often uses a rate below the real market rate.

The markup on the rate tends to be the biggest part of the cost because it is hidden in the rate. A simple test: put the rate you get against the mid-market rate and work out the difference on your amount.

For many currency pairs, a transfer service turns out to be less expensive than a traditional bank transfer – mostly thanks to the exchange rate. Before you send money to Sweden, it is worth to compare the total cost via GoldexPay rather than accepting the first rate you see.

SEPA transfers to Sweden

Sweden is a member of the Single Euro Payments Area (SEPA), the zone for uniform euro payments. For a regular euro transfer from another SEPA country, the IBAN is usually enough.

A SWIFT code does matter for payments in other currencies. Instant euro transfers have become widely available within SEPA. As long as no conversion is involved, a SEPA transfer is usually cheap.

Incoming international payments in Sweden

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

Look up your bank in the list above and compare the code with your own bank details. Certain banks also want the name and address of your bank, so keep it at hand.

Expect that the amount credited is below the amount on the sender’s receipt. Correspondent banks can take a fee, your bank may charge for incoming payments, 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.

Which bank in Sweden has the most codes?

Among the 421 institutions we list, Nasdaq Omx Broker Services Aktiebolag holds the most SWIFT/BIC codes of all banks in Sweden. Its main office has OMBSSESSXXX and that code covers most payments.

The number of codes tells you more about how it organises its payments than about how big it is. If not the recipient asks for a branch, OMBSSESSXXX is fine for transfers to this bank.

How long does a transfer to Sweden take?

There is no single answer for payments to Sweden: many land the same day or the next. Payments made after the cut-off time or just before weekends and holidays often go out the next business day.

When a payment takes longer than expected, the sender should contact their own bank for a trace. Keep the payment confirmation until the money has arrived – you will need it if something goes wrong.

Paying in SEK: what conversion costs you

Most accounts in Sweden are usually held in SEK, the local currency. Money sent in a different currency will be exchanged into SEK.

Who does the conversion has an effect on the final amount, since every bank sets its own rate. In many cases you pay less to send SEK straight away via a transfer service with a good rate so the receiving bank does not need to convert again. With bigger transfers, a seemingly small gap in the rate can be worth more than the fee.