In today's globalized financial landscape, ensuring accurate international money transfers is critical. Whether you are an individual or a business, correctly using SWIFT/BIC codes is essential for seamless cross-border transactions. This article provides a detailed breakdown of the SWIFT/BIC code for Svenska Handelsbanken AB to facilitate secure and efficient transfers.
What Is a SWIFT/BIC Code?
A SWIFT/BIC code is an 8- to 11-character alphanumeric identifier used to uniquely designate a bank and its branch in international financial transactions. The code for Svenska Handelsbanken AB is HANDSESSI02 , which can be broken down as follows:
- Bank Code (HAND) : Identifies Svenska Handelsbanken AB.
- Country Code (SE) : Indicates Sweden as the bank's registered country.
- Location Code (SS) : Specifies the bank's primary location.
- Branch Code (I02) : Refers to a specific branch. A code ending with "XXX" denotes the bank's head office.
Key Details for Svenska Handelsbanken AB:
SWIFT Code: HANDSESS
Branch Code: I02
Branch Name: Svenska Handelsbanken AB
Address: Kungsträdgårdsgatan 2
City: Stockholm
Ensuring a Smooth Transfer Process
To avoid delays or errors in international transactions, verifying the following details is crucial:
- Bank Name : Confirm that the recipient bank's name matches the provided information.
- Branch Specifics : If using a branch-specific SWIFT code, ensure it corresponds to the recipient's actual branch.
- Country Alignment : Verify that the SWIFT code aligns with the recipient bank's country, as many banks operate globally.
Accurate SWIFT/BIC codes are fundamental to successful international transfers. By adhering to these guidelines, individuals and businesses can minimize risks and ensure timely transactions.