Overview

Payment Type	SWIFT (Priority)	Local (Regular)
Cut off time (UK Time)	10:30 am	10:30 am
Delivery time frame	0 days	0 days
Maximum payment size	No limit	No limit
Payment Scheme	SWIFT	Internal TransfersRIX*
Destination countries	Any (excluding sanctioned)	Sweden
Traces	Yes	No
Recalls	Yes	No
Ultimate payer displayed?	Yes	No

* Internal transfers where our partner holds an account (90% coverage) will go intsantly, all other payments will go via RIX which will be same day.

Required Details

Local (Regular) Payment

Please note that payments to the Swedish Government Agencies are not supported via ‘regular’ payment types. Payments to the Swedish Government Agencies require an OCR reference number that cannot be sent to the Government Agency bank accounts on the payment rails used for ‘regular’ SEK payment types.

Field	Individual	Company	Permitted Data	Notes
Beneficiary Entity Type	✓	✓	‘individual’ or ‘company’ only
Beneficiary First Name	✓	✕	1-255 characters*
Beneficiary Last Name	✓	✕	1-255 characters*
Beneficiary Company Name	✕	✓	1-255 characters*
Beneficiary Bank Code	✓	✓	4-5 digits	See our document on Swedish bank and account number formats.
Beneficiary Bank  Account Number	✓	✓	1-15 digits	See our document on Swedish bank and account number formats.We validate that the account number provided is a valid one.  We do not currently perform checks against the account name.
Payment Currency	✓	✓	3 letter ISO currency code
Payment Amount	✓	✓	Numeric amount
Payment Reference	✓	✓	1-255 alphanumeric characters	Different local Nordic banks truncate to fewer characters on the statement.
Payment Reason	✓	✓	1-255 alphanumeric characters
Payer Entity Type	✓	✓	‘individual’ or ‘company’ only
Payer First Name	✓	✕	1-255 characters*
Payer Last Name	✓	✕	1-255 characters*
Payer Company Name	✕	✓	1-255 characters*
Payer Address	✓	✓	1-255 characters*
Payer City	✓	✓	1-255 characters*
Payer Country	✓	✓	2 letter ISO country code
Payer Date of Birth	✓	✕	ISO 8601 format (YYYY-MM-DD).

* Please note that non ASCII characters will be transformed to ASCII equivalent or removed on a best endeavours basis in order to comply with the restrictions of the domestic payment scheme.