IBAN Information for: Sweden
Find out all you need to know about the IBAN format in SE, including length, structure, and validation rules.
IBAN Information - Sweden
Overview
The International Bank Account Number (IBAN) for Sweden (SE) follows specific formatting rules. Here you'll find all the important details about the SE IBAN format.
Key Details
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IBAN Length 24 characters
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Country Prefix SE
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SEPA Member Yes
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Currency SEK
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Membership EU Member
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Central Bank Bank of Sweden (Sveriges Riksbank)
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Central Bank Website www.riksbank.com
Format Information
Domestic Format Information
IBAN Block Structure
SE 72 800 0081034000978324 2
IBAN Structure Legend
- SE Country Code
- 72 Check Digits
- 800 Bank Code
- 0081034000978324 Account Number
- 2 Check Digit
Structure for Swedish IBAN
Swedish IBANs consist of the country code (SE, 2 characters), check digits (2 digits), bank code (3 characters), account number (16 characters), and a final check digit (1 character). In total, the Swedish IBAN comprises 24 characters.
The Swedish IBAN consists of 24 characters in total. The bank code identifies the bank, while the account number contains the customer account details, followed by a check digit at the end. Sweden has been a member of the European Union since 1995 and is part of the SEPA (Single Euro Payments Area), which means that Euro transfers to and from Swedish banks can be made under the same conditions as domestic transfers within the EU. However, the national currency is the Swedish Krona (SEK), which often requires currency conversions for cross-border transactions.
Bank Information
What is an IBAN?
An International Bank Account Number (IBAN) is a standardized international numbering system developed to identify bank accounts from around the world. It was originally adopted by the European Committee for Banking Standards and later as an international standard.
IBAN Uses
- International wire transfers
- SEPA payments within Europe
- Automated payment processing
Benefits of IBANs
- Reduced errors in international payments
- Faster processing of cross-border transactions
- Standardized format for global banking
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Did You Know?
IBAN Verification
The check digits in an IBAN allow for verification of the entire number, reducing the risk of errors during transcription. This makes international payments more reliable.
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