When sending money across borders, ensuring the security and timely arrival of funds is a top priority. One critical step in this process is verifying the correct SWIFT/BIC code for the recipient's bank. For instance, the SWIFT code for Skandinaviska Enskilda Banken AB (SEB) in Sweden is ESSESESSIOS .
SEB, a reputable financial institution headquartered at Rissnleden 110, Stockholm, 106 40, Sweden, serves both corporate and individual clients. Using the accurate SWIFT code— ESSESESSIOS —when initiating an international wire transfer to SEB is essential to avoid complications.
Risks of Incorrect SWIFT Codes
Providing an incorrect SWIFT code can lead to delays, additional fees, or even impact your financial credibility. To mitigate these risks, consider the following precautions before initiating a transfer:
- Verify Bank Details: Ensure the recipient’s bank name and SWIFT code match exactly.
- Confirm Branch Information: Double-check the specific branch details, if applicable.
- Validate Country and Address: Cross-reference the bank’s location and country to prevent errors.
Attention to these details minimizes potential issues, particularly in cross-border transactions where accuracy is paramount. By selecting a trusted bank and confirming the correct SWIFT code, you can facilitate secure and efficient international transfers.