SWIFT Code TEERSES1 — TELEFONAKTIEBOLAGET LM ERICSSON, STOCKHOLM

About SWIFT Code TEERSES1 — TELEFONAKTIEBOLAGET LM ERICSSON, STOCKHOLM

SWIFT code TEERSES1 is the official 8-character head-office BIC (Bank Identifier Code) for TELEFONAKTIEBOLAGET LM ERICSSON 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 TELEFONAKTIEBOLAGET LM ERICSSON 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 TEERSES1

The code TEERSES1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code TEERSES1

Receiving International Wire Transfers

To receive money from abroad at your TELEFONAKTIEBOLAGET LM ERICSSON account in STOCKHOLM, share SWIFT code TEERSES1 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 TELEFONAKTIEBOLAGET LM ERICSSON, STOCKHOLM must provide SWIFT code TEERSES1. 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 TELEFONAKTIEBOLAGET LM ERICSSON in STOCKHOLM rely on SWIFT code TEERSES1 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 TELEFONAKTIEBOLAGET LM ERICSSON →

For cheque clearing or NACH mandates, use the MICR code for TELEFONAKTIEBOLAGET LM ERICSSON →

For TDS challan deposits, find the BSR code for TELEFONAKTIEBOLAGET LM ERICSSON →

How SWIFT Code TEERSES1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code TEERSES1 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 TELEFONAKTIEBOLAGET LM ERICSSON.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: TELEFONAKTIEBOLAGET LM ERICSSON receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code TEERSES1

• Spaces or lowercase letters — Always enter TEERSES1 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 TEERSES1 directly with TELEFONAKTIEBOLAGET LM ERICSSON's STOCKHOLM branch or via the SWIFT BIC Directory.