SEK Transfers (Swedish krona)

C
Written by Currencies
Updated 5 months ago

Who can I send SEK to?
What details do I need for the recipient?
How long will it take for my SEK to arrive?
Do you limit the amount of SEK I can send?
How can I pay for my SEK transfer?
Do you use domestic or cross-border payments?


Who can I send SEK to?

You can send SEK to any bank account in Sweden.


What details do I need for the recipient?

You’ll need their:

  • Name (as it appears on their account)
  • IBAN (SE, followed by a 22-character code)
  • SWIFT/BIC code (8-11 digits)
    (Required for both cross border and domestic wire payments)

What is an IBAN? 
What is a SWIFT code?


How long will it take for my SEK to arrive?

We can transfer your SEK the same working day, if we receive your payment by 13:45.

(Occasionally we might need you to supply additional documents, which can affect the transfer time. But we’ll keep you informed every step of the way.)


Do you limit the amount of SEK I can send?

No. Some FX companies limit the amount of SEK you can send or receive.
We give you the freedom to send as many Swedish kronor as you like.


How can I pay for my SEK transfer?

You can pay by bank transfer.


Do you use domestic or cross-border payments?

If you’re a Currencies Direct UK or EU customer, SEK payments are domestic, which means they are faster, and you won’t be charged any cross-border payment fees.


In case you were wondering...

What is an IBAN?
IBAN stands for International Bank Account Number. IBANs make it easier to send or receive funds from overseas. They don’t replace your sort code and account number; they contain extra characters that help overseas banks identify your account.

What do IBAN numbers look like?
Here’s how an IBAN might look for a bank account in Sweden:

IBAN (electronic format)
SE8550000000012345123456

IBAN (human-readable format)
SE85 5000 0000 0123 4512 3456

What is a Swedish IBAN number made up of?
SE  85  500  00000012345123456

[2-character Country Code]
[2-digit IBAN Checksum]
[3-digit Bank Code]
[17-digit Account Number]

What is a SWIFT code?
The SWIFT international payment network is used to send and receive electronic payments (also known as wire payments). It sends payment orders between banks using SWIFT codes, so banks can transfer money quickly, reliably, and securely.

SWIFT code format: AAAA | BB | 11 | 222

AAAA – represents the bank (for example, Barclays is BUKB)

BB – represents the country where the bank is located.

11 – designates location of banks main office.

222 – code for the bank branch.

What are cross-border payment fees?
Cross-border payment fees (also known as ‘foreign transaction fees’) are charges passed on by banks for transactions where the payer and recipient are based in separate countries.
Did this answer your question?