When conducting international money transfers, selecting the correct SWIFT/BIC code is crucial for successful transactions. For those dealing with SWEDBANK AB (PUBL), understanding how to properly use its SWIFT code ensures funds reach their intended destination safely and efficiently.
The SWIFT code for SWEDBANK AB (PUBL) is SWEDSESSXXX , with the bank's headquarters located at Landsvägen 40 in Stockholm, Sweden. This unique identifier serves two critical functions: it verifies the recipient's banking institution while simultaneously preventing processing delays that might occur from incomplete or incorrect information.
Financial institutions worldwide rely on SWIFT codes to route international payments accurately. When initiating a transfer to SWEDBANK AB, senders must include the complete SWEDSESSXXX code along with the recipient's account details. While the XXX suffix typically indicates the bank's head office, some transactions might require more specific branch codes for certain types of transfers.
Banking experts emphasize that verification of all transfer details remains equally important. This includes double-checking both the SWIFT code and the recipient's account number before authorizing any transaction. Financial institutions cannot reverse transactions sent to incorrect accounts, making preliminary verification the sender's responsibility.
Modern banking systems have significantly reduced transfer times for properly documented SWIFT transactions. Most international transfers to SWEDBANK AB now clear within one to three business days when all information is correctly provided. Delays typically occur only when intermediary banks require additional verification or when transactions coincide with weekends or banking holidays.
As global financial networks continue to evolve, standardized identifiers like SWIFT codes maintain their importance in international banking. For individuals and businesses conducting cross-border transactions with Swedish counterparts, proper use of SWEDSESSXXX ensures efficient processing while minimizing operational risks associated with international fund transfers.