Is it possible to transfer SEK to Nordea account without using Swift, there are two options local account and Swift. what do you use for Bank code (Nordea Sweden) only numeric value is allowed. best regards André
Transfer from Bunq Swedish SEK local account to Swedish Nordea private Account
ThijsProdigy- Edited
@New-Mauve-Ox-981251336#289686 Should be possible as a SEPA transfer, since both the UK (where the Local currency accounts are located) and Norway are part of SEPA
@New-Mauve-Ox-981251336#289686 Hey Andre 👋 Thanks for your question! If you'd like to avoid SWIFT, note that you can send payments in different currencies using Wise: https://together.bunq.com/d/5149 🌈
Thank you for your answer, could you explain the difference between a Sepa Tranfer and Swift transfer
I transfered SEK from my local Bunq Iban SEK account to my SEK account Nordea but recieved an invoice of 10,- euro's using Iban and the Swift number of Nordea in Sweden. i was in the understanding that the transfer was only 1 euro. best regards Andre
AAlexia 🇺🇸🇷🇴Champ
- Edited
Hey Andre! SEPA payments can be instant, while SWIFT aren't. This would be the main difference, but for further details you can access the pages linked in my comment 🌈
- ThijsProdigy
- Edited
@Alexia-Hummingbird#289830 Another important difference is that SEPA transfers are free, but SWIFT transfers are not. And not all SEPA transfers are instant, only if both banks use the same Instant Payments network. Otherwise they take 1-2 business days.