When conducting international money transfers, one critical question arises: how to ensure funds reach their destination safely and accurately? The SWIFT code (or BIC code) plays an essential role in this process. This article examines the SWIFT code for NORDEA BANK ABP, FILIAL I SVERIGE and explains how to use this information for successful cross-border transactions.
Nordea Bank's SWIFT Code Structure
The Swedish branch of Nordea Bank uses the SWIFT code NDEASESS PGI . This 8-11 character code contains several key components:
- Bank identifier (NDEA for Nordea)
- Country code (SE for Sweden)
- Location code (SS for Stockholm)
- Optional branch code (PGI)
These elements combine to create a unique identifier that ensures precise routing of international transfers to the correct financial institution.
Essential Bank Details for Transfers
Nordea Bank's headquarters in Sweden is located at:
Hamngatan 10, Stockholm, 105 71
When initiating an international transfer, both the complete SWIFT code and physical address serve as vital verification points. Providing accurate information significantly reduces the risk of transfer errors or delays.
Verifying Current SWIFT Information
Financial institutions occasionally update their SWIFT codes due to organizational changes. Using outdated information may result in:
- Failed or misdirected transfers
- Extended processing times
- Additional handling fees
To avoid these complications, always verify the current SWIFT code before initiating any international transaction.
The Critical Role of SWIFT Codes
SWIFT codes serve as more than just routing numbers—they provide a standardized security framework for global financial transactions. These identifiers help prevent errors and fraud while ensuring efficient movement of funds across borders.
When sending or receiving international payments, meticulous verification of both the SWIFT code and bank details remains the most reliable method to guarantee successful fund transfers.