In today's globalized economy, accurate banking information is crucial for seamless cross-border transactions. For international payments involving Svenska Handelsbanken AB (Swedish Commercial Bank), understanding the correct SWIFT/BIC codes can mean the difference between successful transfers and costly delays.
Svenska Handelsbanken SWIFT Code Overview
The primary SWIFT/BIC code for Svenska Handelsbanken AB is HANDSESSXXX . This identifier serves as the bank's main international routing code. However, like many large financial institutions, Svenska Handelsbanken may use different SWIFT/BIC codes for specific branches or services. Verifying the correct code with the recipient or directly with the bank before initiating any transfer is essential.
Breaking Down the HANDSESSXXX Code
The SWIFT/BIC code structure reveals important information:
- HAND: Bank code (Svenska Handelsbanken)
- SE: Country code (Sweden)
- SS: Location code (Stockholm)
- XXX: Branch code (primary office)
Key Svenska Handelsbanken SWIFT Information
- Bank Name: SVENSKA HANDELSBANKEN AB
- SWIFT Code: HANDSESSXXX
- Address: KUNGSTRADGARDSGATAN 2
- City: STOCKHOLM
- Country: SWEDEN
Svenska Handelsbanken Branch-Specific SWIFT Codes
Selected branch codes include:
- HANDSESSASM: BLASIEHOLMSTORG 11, STOCKHOLM, 106 70
- HANDSESSCLS: BLASIEHOLMSTORG 11, STOCKHOLM, 106 70
- HANDSESSGBG: OSTRA HAMNGATAN 23, GOTEBORG, 404 26
- HANDSESSMLM: SODERGATAN 12, MALMO, 202 11
When to Use the HANDSESSXXX Code
The primary SWIFT/BIC code is appropriate when:
- Sending international payments to Svenska Handelsbanken accounts in Sweden
- No specific branch code is provided by the recipient
- The bank processes payments centrally through its main office
- As a default option when branch-specific information is unavailable
Critical Considerations for SWIFT Code Usage
International payments require careful attention to detail:
- Always verify codes with recipients or the bank directly
- Understand all applicable fees before initiating transfers
- Confirm code validity as SWIFT information may change
- Obtain codes only through official channels to prevent fraud
The Role of SWIFT Codes in Global Payments
SWIFT (Society for Worldwide Interbank Financial Telecommunication) codes, also called BIC (Bank Identifier Codes), serve as standardized identifiers for secure international financial messaging. These codes function as banking "passports," ensuring accurate routing of funds between institutions worldwide. The SWIFT network forms the backbone of global trade finance operations.
Alternative Methods to Find SWIFT Codes
Additional verification options include:
- Requesting the code directly from the payment recipient
- Consulting Svenska Handelsbanken's official website
- Using reputable online SWIFT code directories
- Contacting the bank's customer service department
Frequently Asked Questions
What happens if I use an incorrect SWIFT code?
Incorrect codes may cause payment delays, returns, or misdirected funds. Always double-check the information before submitting transactions.
How does a SWIFT code differ from an IBAN?
SWIFT codes identify banks, while IBANs (International Bank Account Numbers) specify individual accounts. International transfers typically require both.
Do all Svenska Handelsbanken branches use HANDSESSXXX?
Many branches have unique codes. Always confirm the specific code for the recipient's branch location.