SWIFT/BIC codes in Sweden: banks starting with W

Finding a SWIFT code in Sweden

Here you will find codes for 421 institutions in Sweden – 523 codes altogether. Each code points to a bank or one of its branches.

Choose a bank below to view its head office code and any branch codes. Further down you can read how a code from Sweden is put together, how to send money there at a fair price and how to check a code before you pay.

SWIFT codes in Sweden: banks under :letter

This filter narrows the list to banks in Sweden starting with :letter. The totals mentioned above still refer to the whole country.

Some banks are listed under their official name. Use the full list for Sweden when you do not know the exact name.

Verifying a SWIFT code from Sweden

The most reliable place for the correct BIC remains paperwork issued by the bank, such as a statement or the account page in online banking. When the code you were given differs from our list, stop and ask – contact the recipient or their bank.

The directory on GoldexPay draws on publicly available sources. Banks reorganise, close branches and change codes – a directory can be a step behind. Before a payment of any size, confirm the BIC with the recipient. GoldexPay is an independent comparison site.

Scammers regularly use fake invoices carrying new bank details from what looks like a familiar address. A valid BIC says nothing about who owns the account: criminals use real codes too.

What a transfer to Sweden really costs

What you pay for a transfer to Sweden has more than one component. There is a transfer fee, sometimes fees from correspondent banks and, above all, the margin on the exchange rate when currencies differ.

The real cost is often in the rate, rather than in the fee – the bank builds a margin into its rate. An easy check: set the rate you get next to the mid-market rate and look at the difference.

For many currency pairs, a transfer service turns out to be less expensive than a bank, mainly because of the rate. Before you send money to Sweden, take a minute to compare the total cost via GoldexPay rather than accepting the first rate you see.

When does money sent to Sweden arrive?

An international transfer to Sweden usually takes one to a few business days. Payments made late in the day or just before a weekend or public holiday often start the next business day.

Many banks use SWIFT gpi. Every gpi transfer carries a unique transaction reference, the UETR. Save the payment confirmation until the money has arrived; a bank needs it to start a trace.

The structure of a Sweden SWIFT/BIC code

Each SWIFT/BIC code consists of 8 or 11 characters, always in the same order. The first four letters identify the bank, the fifth and sixth characters form the country code and characters seven and eight give the location.

For banks in Sweden, letters five and six show the ISO country code of Sweden. When those two letters do not match Sweden, the code belongs to a bank somewhere else.

The last three characters, if present, identify a branch or department; XXX is used for the head office. Choose a branch code just when the recipient’s bank asks for it – otherwise stick with the head office.

SEPA transfers to Sweden

Since Sweden is part of the SEPA zone, a euro payment to a bank in Sweden usually requires just the IBAN. Many banks no longer ask for the BIC for these payments.

You still need the BIC when sending payments in other currencies or transfers from countries outside SEPA. Instant euro transfers are increasingly supported within SEPA, though not every bank offers them for every account. Provided the payment stays in euros, the transfer tends to be cheap.

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

Nasdaq Omx Broker Services Aktiebolag tops the list for Sweden when it comes to the number of SWIFT/BIC codes. Its main office uses OMBSSESSXXX.

Banks differ in how many codes they register, so the count is not a ranking of size. Making a payment to Nasdaq Omx Broker Services Aktiebolag? Use OMBSSESSXXX except when the recipient gives you a branch code.

Paying in SEK: what conversion costs you

Bank accounts in Sweden are usually held in SEK – the Swedish Krona. When you pay another currency, the amount has to be converted at some point – by your bank, a bank in between or the recipient’s bank.

Where the conversion happens has an effect on how much arrives, since every bank sets its own rate. Often it is cheaper if you send SEK directly via a transfer service that converts near the mid-market rate rather than letting the receiving bank convert. On larger amounts, even a small difference in the rate can be worth more than the fee.

Incoming international payments in Sweden

To receive a transfer from abroad in Sweden, the person paying you has to have more than the SWIFT code. That means: your name exactly as it appears on the account, your account number or IBAN, the BIC of your bank and, often, your postal address.

The code of your bank is in our list, yet the version on your own statement or in your banking app is leading. You can add the name and city of your bank as well because some forms have separate fields for it.

Expect that the incoming amount is below what the sender paid. Intermediary banks may deduct a fee and your own bank may charge for processing, and if the money is converted, a markup on the rate comes on top. Make clear with the sender who covers the fees.