International wire transfers can be a complex process, with even minor errors potentially causing significant delays. One of the most common issues arises from incorrect SWIFT/BIC codes, which can disrupt transactions and create unnecessary complications. For those conducting business with Svenska Handelsbanken AB, understanding the correct banking codes is crucial for efficient and secure fund transfers.
Key Information for International Transfers
Svenska Handelsbanken AB, one of Sweden's leading financial institutions, operates with the SWIFT/BIC code HANDSESSI01 . The bank is headquartered in Stockholm at the following address:
Bank Name:
Svenska Handelsbanken AB
SWIFT/BIC:
HANDSESSI01
Address:
Kungstradgardsgatan 2, Stockholm, 106 70
Country:
Sweden
Understanding the SWIFT Code Structure
The SWIFT code HANDSESSI01 breaks down as follows:
- HAND - Bank code for Svenska Handelsbanken AB
- SE - Country code for Sweden
- SS - Location code for Stockholm
- I01 - Branch identifier
Practical Transfer Example
When sending funds internationally, accurate code usage ensures smooth processing. For instance, a $10,000 transfer from the United States to France through direct debit would typically result in the recipient receiving approximately €8,406, with the transaction completing within three business days.
Verification and Best Practices
Before initiating any international transfer, it is essential to:
- Confirm the recipient bank's exact SWIFT/BIC code
- Verify the branch name and location
- Double-check the country code
- Review any intermediary bank requirements
Proper verification of these details helps prevent common transfer issues, including delays, additional fees, or failed transactions. Financial institutions recommend reconfirming banking information directly with the recipient when possible.
By understanding and correctly applying Svenska Handelsbanken AB's SWIFT/BIC code, individuals and businesses can ensure their international transactions proceed efficiently, with minimized risk of complications or delays.