Transfer Money to Sweden

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About Money Transfers to Sweden

Since the very start, we have helped thousands of people save when sending money to Sweden. Unlike high street banks, we focus exclusively on currency exchange and therefore excel in this area with specialist financial product knowledge and offer you only the most prestigious currency brokers.

We aim to save you considerable amounts of money using our currency comparison tool, which is now faster and simpler to use than ever before. Comparing top rates within a few seconds, you can find the best deals in the comfort of your own home whether you are transferring money to relatives in picturesque Gothenburg or considering immigrating to cultural Stockholm, we will help you send Krona to Sweden.

Last updated: May 08, 2014 Our methodology

Quick Facts: Sweden

Key information for sending money to Sweden

Transfer Speed
1 working day
Local Currency
SEK
Income Tax Rate
28.89-57%
Avg. Property Price/m²
48,118.14 SEK
Avg. Monthly Rent (3 bed)
10,565.38 SEK
IBAN Required
Yes

Money Saving Tips for Sweden

Expert advice for your international transfer

EU/EEA nationals working in Sweden working in Sweden do not need to obtain a work permit prior to their move, yet still have to contact the Swedish Migration Board and register their residency.

If buying property, real estate agent´s fee, paid by the seller, is generally negotiable between 3% and 5%.

Foreigners are able to obtain a mortgage against a property in Sweden. Generally, buyers can borrow up to 75 per cent of the property's value on fixed rates over a period of approximately 20 years.

It is not contractual to have your overseas property valued but fairly common for buyers to hire independent surveyors.

What You Need to Send Money to Sweden

Checklist of recipient bank details required

IBAN e.g. SE3550000000054910000003
International Bank Account Number
SWIFT/BIC Code e.g. BANKSEXX
Bank identifier for international transfers
Account Number
Recipient's bank account number
Account Holder's Name
Full name as it appears on the bank account

Popular Banks in Sweden

Skandinaviska Enskilda Banken AB Nordea Bank AB Svenska Handelsbanken AB Swedbank AB

"When sending money to Sweden, always compare multiple providers. The exchange rate is important, but don't forget to factor in transfer fees and delivery times. For larger amounts, even small rate differences can translate to significant savings."

— MyCurrencyTransfer Editorial Team

Frequently Asked Questions

Common questions about sending money to Sweden

What is the cheapest way to send money to Sweden?

The cheapest way to send money to Sweden depends on your transfer amount. For larger transfers (over £1,000), specialist providers like Wise or OFX typically offer better rates than banks. Compare providers above to see which offers the best deal for your specific amount.

How long does it take to transfer money to Sweden?

Most transfers to Sweden are completed within 1-3 working days. Some providers offer same-day or next-day delivery for an additional fee. The exact time depends on the provider, payment method, and whether the recipient's bank processes weekend transfers.

What information do I need to send money to Sweden?

You'll typically need: the recipient's full name (as it appears on their bank account), their bank account number, the bank's SWIFT/BIC code, and for some countries an IBAN. You may also need the recipient's address and the bank's name and address.

Are money transfer services safe to use?

Yes, the providers we compare are regulated by the Financial Conduct Authority (FCA) or equivalent regulators. They must keep your money in segregated accounts and follow strict anti-money laundering procedures. Always check a provider's regulatory status before sending money.

Should I use my bank to send money to Sweden?

Banks are generally more expensive for international transfers due to higher exchange rate margins and fees. Specialist money transfer providers typically offer rates 2-4% better than banks. Use our comparison to see how much you could save.

How to Transfer Money to Sweden

  1. Compare providers

    Use the comparison table above to find the best exchange rate and lowest fees for your transfer amount.

  2. Create an account

    Click through to your chosen provider and register for a free account. You'll need your email address and basic personal details.

  3. Verify your identity

    Upload ID documents as required (passport, driving licence, or national ID). Most providers verify within 1-2 business days.

  4. Enter recipient details

    Add your recipient's bank account details including their name, account number, and SWIFT/BIC code.

  5. Fund and track your transfer

    Pay by bank transfer or debit card, then track your money until it arrives. Most transfers complete within 1-3 working days.