Swedbank AB (Publ) SWIFT/BIC code

SWEDSESS – the SWIFT/BIC code of Swedbank AB (Publ)

SWEDSESS and SWEDSESSXXX are the short and the long form of the same SWIFT/BIC code, and both lead to Swedbank AB (Publ) in Sundbyberg. A BIC has a single purpose: it ensures that an international payment ends up at the right bank. You will need it mostly when dealing with payments that cross a border or a currency.

Below we go through the practical questions: money coming in from abroad, sending money abroad and how to check a SWIFT code before you confirm a payment. A SWIFT code names an institution, not a specific account; the IBAN or account number does that.

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

How fast a transfer reaches Swedbank AB (Publ) is determined by several factors: which currency you send, how many intermediary banks are involved, cut-off times and time zones. Weekends and public holidays in either country add a day or more, since banks do not process on those days. Extra checks by one of the banks may also cause some delay, regardless of the details.

Many 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 your bank can use to see where the money is. Money transfer services usually provide tracking in their app showing where the payment is.

If the money does not arrive within the expected time, the sender needs to contact their own bank. As a recipient, it helps to look at your account for a partial amount.

Head office or branch code at Swedbank AB (Publ)?

Our directory lists 4 SWIFT/BIC codes for Swedbank AB (Publ). Next to the head office code SWEDSESSXXX, you will find codes for regional offices and specialised units.

For most incoming transfers, the head office code SWEDSESSXXX is the right choice. A branch code only makes sense if the account holder specifically mentions it, which is more common for corporate accounts and specialised services.

The safest route is to copy the code straight from the account holder’s statement. Codes for branches are more prone to be retired than the head office code.

Paying into Swedbank AB (Publ) in SEK

Accounts at Swedbank AB (Publ) are typically held in SEK, the national currency. If you send money in a different currency, the amount has to be converted at some point. Every conversion eats into the amount – usually through the rate rather than a fee.

Which bank converts the payment matters, because each party uses its own rate. Compare how much SEK arrives with several services before choosing one.

Rates for SEK change all the time. On larger amounts, even seemingly small gap in the rate adds up quickly.

Watch out for payment fraud

Criminals regularly use payment requests containing new bank details. A valid SWIFT code tells you nothing about who owns the account: scammers use real codes of real banks.

Do not rely on a phone number from the same email that contains the new account. Urgency and secrecy are red flags; a genuine business can wait for you to check. Already paid? Call the bank you paid from without delay and have them try to recall the payment and report the fraud.

People receiving money can be targeted as well: a classic trick is a buyer who pays too much followed by a request to refund the difference abroad. Do not act before the money is actually in your account and check with Swedbank AB (Publ) if anything seems off.

A note on our data

The directory on GoldexPay is based on public sources. Still, banks merge or change codes. Counts and locations come from our directory and are not confirmed by Swedbank AB (Publ).

For a payment of any size, always check the BIC with the recipient’s bank or with the recipient. GoldexPay is a comparison site for money transfers and not part of Swedbank AB (Publ). Should you notice a mistake, we welcome a message via the contact page.

What the XXX in SWEDSESSXXX means

Every SWIFT/BIC code starts with an 8-character core: four letters for the bank, two letters for the country and a two-character location code. Together, those parts make up SWEDSESS – the version you usually see online.

XXX at the end of SWEDSESSXXX does not stand for a placeholder or a mistake: it indicates the main office of Swedbank AB (Publ). Some banking apps insist on 11 characters, and then you simply add XXX after SWEDSESS.

Type the code as one block, in capitals and without separators, exactly as shown here. A wrong letter may route the money to a different institution.

Do you need SWEDSESS for a SEPA transfer?

Sweden is part of the SEPA area, the zone for uniform euro payments. When you send euros within SEPA, you normally only need the IBAN.

A SWIFT code like SWEDSESS still come into play when the currency is not euros and when the money comes from outside SEPA. A few banks and apps also ask for the BIC; if so, fill in SWEDSESS or SWEDSESSXXX.

Instant payments in euros are widely supported within SEPA; check with Swedbank AB (Publ) whether it applies to your account. Charges on SEPA payments are generally low, as long as no currency conversion is involved.

Receiving money from abroad at Swedbank AB (Publ)

Someone abroad who wants to pay you will ask for a few details from you. That means: your name exactly as it appears on the account, your IBAN or account number, the BIC SWEDSESSXXX (or SWEDSESS) and usually your postal address.

Their bank may also ask for the address of your bank; the head office in Sundbyberg is usually fine. Double-check the details before you send them, because the sender’s bank usually copies them as is.

The amount you receive can be less than what was sent. Intermediary banks may deduct a fee, Swedbank AB (Publ) may charge for incoming payments, and when currencies differ, an exchange rate margin applies. Make clear with the sender who pays which costs, especially for larger amounts.

How to check SWEDSESS before you pay

Have the recipient copy their account details directly from their banking app. Check it against SWEDSESS here and ask if anything does not match.

Mistakes in the BIC tend to be costly rather than disastrous: often the payment comes back, minus fees. Do not forget the IBAN: a mistake there is harder to undo than a wrong code.

Many banking apps validate the format of IBANs and sometimes look up the BIC automatically. Where available, a name check before sending adds extra certainty. For a first payment, some people start with a small amount first.

What a transfer from Swedbank AB (Publ) abroad really costs

An international bank payment costs more than the fee suggests. There is the transfer fee, sometimes charges from correspondent banks along the way and, most importantly, the exchange rate markup if the currency changes.

Banks rarely show their exchange rate markup as a cost, but you pay it all the same. An easy check: set the bank’s rate against the mid-market rate and look at the difference.

For many currency pairs, a specialist provider turns out to be cheaper than a traditional bank transfer – mostly thanks to the rate. On GoldexPay we compare what recipients receive across services. Choosing a specialist does not require leaving Swedbank AB (Publ): you simply pay the service from your account.