When making international wire transfers, using the correct SWIFT/BIC code is essential. Errors in this critical detail can lead to delays, misplaced funds, or even failed transactions. This article provides a detailed overview of SWEDBANK AB (PUBL)'s SWIFT/BIC code and key information to ensure seamless cross-border payments.
SWEDBANK AB’s SWIFT/BIC Code
The SWIFT/BIC code for SWEDBANK AB (PUBL) is SWEDSESSCUS . The bank is headquartered in Stockholm, Sweden, with its address at Landsvägen 40, Sundbyberg, Stockholm, 105 34. This alphanumeric code is mandatory for international fund transfers, as it uniquely identifies the bank and ensures accurate routing of transactions.
A SWIFT/BIC code typically consists of 8 to 11 characters, combining a bank identifier, country code, location code, and an optional branch code. Verifying this information before initiating a transfer minimizes errors and safeguards your funds.
Key Tips for Smooth International Transfers
To avoid complications when sending money abroad via SWEDBANK, follow these practical steps:
- Double-check the SWIFT/BIC code before submitting a transfer request. Even minor discrepancies can cause significant delays.
- Confirm the recipient’s banking details , including their full name and address, to prevent misdirected payments.
- Verify the code through official channels if uncertain. SWEDBANK’s website or customer service can provide accurate confirmation.
Why Accuracy Matters
International wire transfers involve multiple intermediary banks, and an incorrect SWIFT/BIC code may result in funds being held or returned. SWEDBANK, as a reputable financial institution, prioritizes transaction security, but users must ensure all provided details are correct.
By understanding and correctly applying SWEDBANK’s SWIFT/BIC code, individuals and businesses can streamline cross-border payments, whether for work, education, or personal purposes. Proper verification is a small yet crucial step toward hassle-free global banking.