SWIFT Code OVTCSES1 — OVERSEAS TRUST SCANDINAVIA KB, STOCKHOLM

About SWIFT Code OVTCSES1 — OVERSEAS TRUST SCANDINAVIA KB, STOCKHOLM

SWIFT code OVTCSES1 is the official 8-character head-office BIC (Bank Identifier Code) for OVERSEAS TRUST SCANDINAVIA KB in STOCKHOLM, Sweden. Standardised under ISO 9362 and maintained by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), this code is used exclusively for cross-border wire transfers and is recognised by financial institutions in over 200 countries.

This code must be provided to the sender when receiving money from abroad, and is required by OVERSEAS TRUST SCANDINAVIA KB for all outward international remittances from STOCKHOLM. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code OVTCSES1

The code OVTCSES1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code OVTCSES1

Receiving International Wire Transfers

To receive money from abroad at your OVERSEAS TRUST SCANDINAVIA KB account in STOCKHOLM, share SWIFT code OVTCSES1 with the sender along with your full account number, your name as on the account, and the branch address.

NRI Remittances

Non-Resident Indians sending money to NRO/NRE accounts at OVERSEAS TRUST SCANDINAVIA KB, STOCKHOLM must provide SWIFT code OVTCSES1. Major remittance platforms — including Wise, Remitly, Western Union, and MoneyGram — use this code to route transfers accurately.

Trade Finance and Foreign Payments

Importers and exporters using OVERSEAS TRUST SCANDINAVIA KB in STOCKHOLM rely on SWIFT code OVTCSES1 for letters of credit, bank guarantees, and foreign currency settlements.

SWIFT Code vs IFSC vs MICR vs BSR — Key Differences

Need the IFSC code for domestic NEFT, RTGS, or UPI transfers? View the IFSC code for OVERSEAS TRUST SCANDINAVIA KB →

For cheque clearing or NACH mandates, use the MICR code for OVERSEAS TRUST SCANDINAVIA KB →

For TDS challan deposits, find the BSR code for OVERSEAS TRUST SCANDINAVIA KB →

How SWIFT Code OVTCSES1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code OVTCSES1 and account number to their bank.
2. Validation: The sending bank validates the BIC against the SWIFT registry.
3. Routing: An MT103 SWIFT message is transmitted through the network to OVERSEAS TRUST SCANDINAVIA KB.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: OVERSEAS TRUST SCANDINAVIA KB receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code OVTCSES1

• Spaces or lowercase letters — Always enter OVTCSES1 uppercase with no spaces.
• Using the wrong city — This code is for STOCKHOLM only.
• Truncating to 8 characters — When 11 characters are required, always use the full code.
• Using SWIFT for domestic transfers — Use the IFSC code for any transfer within Sweden.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm OVTCSES1 directly with OVERSEAS TRUST SCANDINAVIA KB's STOCKHOLM branch or via the SWIFT BIC Directory.