When making international wire transfers, have you ever hesitated due to uncertainty about the recipient's banking details? The success of cross-border transactions often depends on accurate banking information. This article explains how to properly use SKANDINAVISKA ENSKILDA BANKEN AB's SWIFT/BIC code to ensure your funds reach their destination safely and efficiently.
Understanding SWIFT/BIC Codes
SWIFT/BIC codes (International Bank Identifier Codes) were created to simplify cross-border transactions by ensuring funds reach the correct financial institution. In Sweden, SKANDINAVISKA ENSKILDA BANKEN AB (commonly known as SEB) is a prominent financial institution whose SWIFT code for international transfers is ESSESESSSLS .
Key Details for SEB Bank Transfers
The bank is headquartered in Stockholm, Sweden, with the address:
STJARNTORGET 4, STOCKHOLM, STOCKHOLM, 106 40
When using the SWIFT code, it's crucial to enter it exactly as provided. Any errors in the code may result in:
- Delayed fund transfers
- Incorrect routing of funds
- Potential security risks to your money
Additional Requirements for International Transfers
Beyond the SWIFT code, successful international transfers require:
- The recipient's complete account information
- Accurate contact details
- Proper identification of the beneficiary
Always verify all banking details before initiating a transfer. Small errors can lead to financial losses or unnecessary fees.
Best Practices for Secure Transfers
Whether you're an individual or business conducting international transactions, understanding SWIFT/BIC codes is essential. Using the correct code ( ESSESESSSLS for SEB Bank) provides better protection for your funds and ensures smoother transactions.