Send Money To Sweden

If you need to send money to Sweden but you are frightened by the big fees charged by banks, be sure to read this Sweden Money Transfer Guide.

We will show you how the Top Foreign Exchange companies reward their customers with zero fee transfers, great currency exchanges, quick delivery and awesome customer support. Embrace the technology and forget about your local banks by making cheap and easy money transfers from the comfort of your own home.

Best to Send Money From Sweden:

MoneyCorp logo

No Swedish website

No fees for our readers

No maximum amount limit to be tranferred

Awesome reviews from customers with 4.6/5 rating on

Mobile apps for both Android and iOS

Min Transfer Amount is £50

Visit MoneyCorp  –  Free Quote

Best to Send Money to Sweden:

currencies-direct logo

Website in Swedish available

No fees for our readers

No limit on the amount transferred

Great feedback from customers with 4.8/5 score on

Easy transfers made online with their apps

Min Transfer Amount is £100

Visit Curencies Direct For Quote

The Guide’s Topics:

Best Company To Transfer Money To Sweden

Payment Facility



worldfirst-logoMin. Transfer: £ / €1,000.
Transfer: Online or by Phone.
Wire Fees: None.
Best Rates for £50,000+
Expected Rates* - £50,000+ :
- GBP: 12.3629 SEK to 12.4064 SEK
- EUR: 10.6874 SEK to 10.7250 SEK
- USD: 9.6054 SEK to 9.6392 SEK
WorldFirst Review
TorFX logoMin. Transfer: £ / €100.
Transfer: Online or by Phone.
Wire Fees: None.
Best Rates for £5,000+
Expected Rates* for £5,000+:
- GBP: 12.3380 SEK to 12.3753 SEK
- EUR: 10.6659 SEK to 10.6982 SEK
- USD: 9.5861 SEK to 9.6150 SEK

transferwise logoMin. Transfer: None!
Transfer: Online only.
Wire Fees: Based on amount.
Best Rates for £100-5,000
Expected Rates* - Any Amount:
- GBP: 12.3629 SEK
- EUR: 10.6874 SEK
- USD: 9.6054 SEK
Transferwise Review
Sweden BankBig International Transfer Fee + Currency Exchange Fee. Double The Cost Of Commercial FX.

Exchange rate would be approximately *:
- GBP: 12.1765 SEK to 12.3008 SEK
- EUR: 10.5263 SEK to 10.6337 SEK
- USD: 9.4606 SEK to 9.5571 SEK
paypal logo2.9%+ Transfer Fees, and 2.5% more for Currency Exchanges. Quick but expensive.

Exchange rate would be approximately *:
- GBP: 1.8295 AUD or worse
- EUR: 1.5897 AUD or worse
- USD: 1.4287 AUD or worse

* Expected Rates reflect our rate expectations based on our research. We do not guarantee accuracy. For some companies we used a range of rates because they offer wholesale rates for large trades and higher rates for small trades.

Supported Countries & Payment methods

Currencies Direct helps customers make cheap money transfers to Sweden by providing a great exchange rate for any currency you may have. More than that, they have a very low minimum of only 100 euros and have no restrictions as far as the maximum amount to be transferred goes.

WorldFirst is a company that has been focusing a lot on creating the best and easiest to use service by its clients. There are a few FX companies that tapped into the mobile app sector but none comes close to the WorldFirst mobile app. It is very intuitive and easy to use and at the same time, provides all that is necessary in order to make international money transfers with just a few taps.

Best Company to Transfer Money from Sweden

Service Provider



MoneyCorp logoMin. Transfer: £ / € 50.
Transfer: Online or by Phone.
Why Them? 2 Year Forward Contracts. Operating since 1979. £11Bn in Annual Turnover
MoneyCorp Review

Supported Regions & Currencies

There are no restrictions on inbound or outbound money transfers in Sweden and this means that any company that provides money transfer services can do so in every region of the country.

Currencies: MoneyCorp works with international clients every day so having a big number of currencies is a must. Because they trade between many currencies, you can easily make transfers to European countries that are using Euro as their main currency like FranceSpain, Germany, Cyprus, Austria, Belgium and many more.

But they can also reach more exotic destinations like Brazil, New Zealand, Morocco, UAE, Hong Kong, China or Nigeria.

Today’s Foreign Exchange Rates for SEK

GBP to SEK – Pounds to Swedish krona; 10,000 GBP is 124,250.0000 SEK

SEK to GBP – Swedish krona to Pounds; 10,000 SEK is 804.8290 GBP

EUR to SEK – Euro to Swedish krona; 10,000 EUR is 107,411.1535 SEK

SEK to EUR – Swedish krona to Euro; 10,000 SEK is 931.0020 EUR

NOK to SEK – Norwegian krone to Swedish krona; 10,000 NOK is 10,549.9563 SEK

SEK to NOK – Swedish krona to Norwegian krone; 10,000 SEK is 9,478.7123 NOK

SEK to USD – Swedish krona to US Dollars; 10,000 SEK is 1,035.8793 USD

USD to SEK – US Dollars to Swedish krona; 10,000 USD is 96,536.3458 SEK

SEK to CHF – Swedish krona to Swiss Franc; 10,000 SEK is 1,025.0946 CHF

CHF to SEK – Swiss Francs to Swedish krona; 10,000 CHF is 97,551.9754 SEK

DKK to SEK – Danish krone to Swedish krona; 10,000 DKK is 14,377.3092 SEK

SEK to DKK – Swedish krona to Danish krone; 10,000 SEK is 6,955.4044 DKK

Swedish krona behaviour

sweden-currencyThe primary currency influence is the domestic economic cycle. Given high exports and strong international trade links, global economic swings are also important for short-term krona trends.

Prior to 1993, the central bank was not independent and the government struggled to maintain financial stability with a severe banking crisis. There was a move to inflation targeting in 1993 and the Riksbank, granted independence in 1999, now has a mandate from the government to maintain price stability with an inflation target of around 2%. This is a similar target to most OECD central banks and provides underlying currency support and should underpin long-term stability.

The krona will tend to strengthen when the Riksbank is tightening policy to keep inflation low and tend to weaken when the central bank is cutting rates.

Although there is a floating exchange rate regime, the Riksbank does act to influence the exchange rate if currency trends are having a major impact on inflation through excessive weakness or strength.

The Swedish current account has been in surplus since 1993 which provides underlying currency support.

Sweden has a high ratio of exports to GDP with exports concentrated in the primary and engineering sectors. The economic performance and currency trends are, therefore, correlated strongly with overall trends in the global economy. Given close links to Norway, there is also some sensitivity to oil prices.

Sending Money To A Swedish Bank Account

Sweden is the seventh-richest country in the world in terms of GDP and offers a high standard of living for its citizens. The country has an export-oriented economy with the engineering sector accounting for 50% of output and exports.

Real Estate: In 2016 Sweden has seen an economic boom as a result of a cocktail of record central bank stimulus and unprecedented immigration. Low-interest rates have boosted consumer spending and borrowing, with house prices rising to new all-time highs. Combined with the fact that the country is battling a severe housing shortage, Sweden is seen as one of the go-to countries for real estate investors in 2016 and beyond.

Startup Hub: The Telegraph named Sweden in 2015 as the “Startup Capital of Europe” because of the fact that it is the world’s second most prolific tech hub on a per capita basis, behind Silicon Valley. And with the like of Skype, Spotify, Candy Crush and Minecraft being started in this country, you might start to understand why it got this name.

This entrepreneurial medium is fueled in part by the government who provides free academic studies and keep the young people away from life-crippling debts as we see in the US. As Mattias Ward said for TechRadar:

Sweden has a lot of safety nets from an income perspective, which reduces the risk of starting your own company.

Relocating To Sweden?

Pay attention to the stats we provided below if you’re thinking to relocate to Sweden:

Advantages Of Moving To Sweden:

  • Free education: Even university studies are government subsidized.
  • Work benefits: Five weeks paid vacation to start and 480 days of paid parental leave.
  • Go green: Sweden is a very environmentally conscious country and so are the people.

Disadvantages Of Moving To Sweden:

  • Big taxes: Sweden has some of the biggest taxes on revenue.
  • Climate: Most people are a little reluctant about the wintertime in Sweden as the temperatures can get pretty low in the northern part of the country.
  • Immigration: Immigration can be quite hard and many boxes have to be checked before applying for a visa.

Popular Destinations in Sweden:

Popular cities for business and real estate transactions in Sweden are: Stockholm, Gothenburg, Malmo, Uppsala, Västerås, Örebro, Linköping, Helsingborg, Huddinge and Jönköping.

Best Way To Make A Cheap Transfer To Sweden

There are two primary reasons why using Foreign Exchange companies costs less than banks and even remittance companies. The first is that they don’t make their money through fees. Instead, they use their refined insight and knowledge of foreign currency exchange markets to make smart trades. The model is simple yet very effective – buying huge quantities of currency at a wholesale price and re-selling them for a profit margin.

Next, most foreign exchange companies do a large portion of their business online, which results in much lower overhead compared to banks and remittance companies that must maintain multiple branches.

The savings that foreign exchange companies enjoy is passed along to the customer. As a matter of fact, if you make international transfers that meet a certain threshold, you may even be able to send your money to The Netherlands for free.

What you need to send money to Sweden

  • Account Holder’s Full Name
  • IBAN
  • Swift Code
  • Your identity card

After you provide the details listed above the process is pretty straightforward:

  • Create an account with one of the listed companies.
  • Get a quote from one of the dealers.
  • Add money to your account so you can fund the transfer.
  • Get the confirmation from the company that the transaction is successfully completed.

Our Company Recommendation:

Regulations and taxes when transferring money to and from Sweden

After joining the European Union (EU) in the early 1990s, Sweden has allowed for free movement of capital to and from the country. The only industries that are somewhat protected from foreign investments are fishing, insurance and air transport.

The Swedish krona is freely exchanged with any other currency, with the most often exchanged being the US dollar and the Euro.

Sveriges Riksbank

The Central Bank of Sweden (Sveriges Riksbank) is the one who sets Sweden’s monetary policy and tries to keep inflation around 2% per year

The Finansinspektionen, maintains direct oversight and regulation of the financial system, including banks, insurance companies, payment institutions, and other financial service providers.

Transfer regulations

Sweden is very open to foreign investments and that’s why it is a popular location for investment.

No transfer restrictions are in place, nor do transfers need to be officially declared. Only transfers over EUR10,000 per person must be declared.

Taxation on foreign income

Swedish residents are taxed on any foreign income. Non-residents are taxed on any income originating in Sweden.

Biggest banks in Sweden

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