SWIFT/BIC codes in Sweden: banks starting with R

SWIFT/BIC codes in Sweden

In Sweden we have 523 SWIFT/BIC codes. Every code identifies a bank or one of its branches and tells other banks where an international payment should go.

Choose the bank below to view its head office code and its other codes. The sections below explain the structure of the codes, what transfers cost and how to avoid mistakes before you send money.

Paying in SEK: what conversion costs you

The national currency in Sweden is the Swedish Krona (SEK). When you pay another currency, the amount has to be converted somewhere along the way – by your bank, a bank in between or the recipient’s bank.

Who does the conversion has an effect on the final amount, as rates and margins differ per bank. In many cases you pay less to send SEK directly via a transfer service with a good rate rather than letting the receiving bank convert. Rates for SEK change during the day, so a quote is usually valid only briefly.

Most SWIFT codes in Sweden: Nasdaq Omx Broker Services Aktiebolag

Nasdaq Omx Broker Services Aktiebolag tops our list of Sweden banks in SWIFT/BIC codes. The head office of Nasdaq Omx Broker Services Aktiebolag uses OMBSSESSXXX; that is usually the right code for a transfer.

Banks differ in how many codes they register – a high count is not a measure of size. Unless the recipient asks for a branch, the head office code OMBSSESSXXX works for transfers to this bank.

Verifying a SWIFT code from Sweden

The best place to find the correct BIC is a document from the bank itself. If the code you have does not match our list, stop and ask: check with the recipient or the bank.

This list draws on publicly available sources. Banks reorganise, change names and retire codes. Use our data as a reference, not as the final word; the recipient’s bank details are leading. GoldexPay is a comparison service for money transfers and not part of any bank listed here.

Fraudsters regularly use payment requests with new bank details. A valid BIC says nothing about whether a request is genuine – scammers use the codes of real banks.

SEPA transfers to Sweden

Within the SEPA zone, euro payments to Sweden use the same rules, so the IBAN does the job in most cases. The BIC field is often optional for those payments.

You still need a SWIFT code when sending payments in other currencies or transfers from countries outside SEPA. Euro payments within SEPA normally land by the next business day, and instant transfers in seconds where both banks support them. Provided no conversion is involved, the transfer is usually cheap.

Banks in Sweden starting with :letter

This list only shows banks in Sweden whose name starts with :letter. The counts in the introduction still cover the whole country and not only this selection.

If the bank you need does not appear here, try the full list – the registered name can differ from the name people use. The complete list is one click away when the letter filter does not help.

Bank or transfer service for Sweden?

An international bank payment to Sweden can cost more than you think. There is the transfer fee, possibly charges from intermediary banks and, above all, the margin on the exchange rate.

The markup on the rate tends to be the largest cost item. An easy check: set the offered rate against the mid-market rate and look at the difference.

For a lot of currency pairs, a specialist provider turns out to be cheaper than a traditional bank transfer, mainly because of the rate. GoldexPay compares the amount that arrives in Sweden with different providers, which makes the cheapest option easy to spot.

How SWIFT codes from Sweden are built

A BIC is 8 or 11 characters long and follows a fixed pattern. Characters one to four stand for the bank, characters five and six are the country code and characters seven and eight give the location.

Whatever the bank, all Sweden codes share the same country code in positions five and six: the ISO code of the country. When the country letters point to another country, you are looking at a bank in another country – worth double-checking.

If the last three are XXX, it refers to the head office, and the 8-character version leads to the same place. For most transfers the head office code is what you need.

Receiving money in Sweden from abroad

A sender in another country needs a few details from you. Give them your name as registered with the bank, the IBAN or account number, your bank’s SWIFT code and your address, which some banks require.

Your bank’s code appears in our list. It helps to include the name and city of your bank as well.

What lands in your account is often lower than the amount sent. Intermediary banks may deduct a fee and your own bank may charge for processing, and when currencies differ, a markup on the rate applies. Agree with the sender who covers the fees.

When does money sent to Sweden arrive?

How fast money arrives in Sweden is determined by several factors: the currency, the number of banks in between, cut-off times and differences in time zone. Public holidays in either country add extra days, because banks do not process payments on those days.

When a payment takes longer than expected, ask the sender to contact the sending bank; only the sending side can start an official trace. Money transfer services usually provide tracking in their app, which makes it easier to see where the money is.