Send Money To Sweden

Updated on September 13, 2020
Personal
Business
From
United States Flag
United States
USD
To
Sweden Flag
Sweden
SEK
1 USD equals
8.774 SEK
09/13/2020 5:19 PM UTC
 
How much to transfer?
$1-1k
$1k-10k
$10k +
Provider
Features
Fees
Score
Speed
Transfer Now
OFX Logo
  • Check Icon
    0.4% margin for new customers referred by iCompareFX
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Online and phone transfers
$
$
$

low

Fees
87
Speed Icon

medium

2-3 days

Less Information
-

Transfer Options

  • Bank transfer
  • Debit card (UK only)
  • BPAY (Australia only)
  • Direct debit (U.S. only)

Features

  • Check Icon
    0.4% margin for new customers referred by iCompareFX
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Online and phone transfers

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    Pay no fees for personal transfers
  • Circle Check Icon
    Get competitive exchange rates
  • Circle Check Icon
    Lets you schedule transfers with ease
  • Circle Check Icon
    Trading in some currencies possible only over the phone
  • Circle Check Icon
    Website access only in English

TorFX Logo
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Forward contracts
  • Check Icon
    Limit and stop loss orders
  • Check Icon
    Travel money solutions for UK residents
$
$
$

low

Fees
72
Speed Icon

medium

2-3 days

Less Information
-

Transfer Options

  • Bank transfer
  • CHAPS (UK only)
  • BACS (UK only)
  • Visa debit card (UK only)

Features

  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Forward contracts
  • Check Icon
    Limit and stop loss orders
  • Check Icon
    Travel money solutions for UK residents

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    Pay no fees for one-off transfers
  • Circle Check Icon
    Schedule transfers between £500 and £10,000 per month
  • Circle Check Icon
    Use hedging tools to protect yourself against FX fluctuations
  • Circle Check Icon
    No multilingual website

XE Money Transfer Logo
  • Check Icon
    Fee-free transfers
  • Check Icon
    Competitive exchanges rates
  • Check Icon
    Limit orders
  • Check Icon
    Multilingual website and customer service
$
$
$

low

Fees
74
Speed Icon

medium

2-3 days

Less Information
-

Transfer Options

  • Bank Transfer
  • BPAY (Australia)

Features

  • Check Icon
    Fee-free transfers
  • Check Icon
    Competitive exchanges rates
  • Check Icon
    Limit orders
  • Check Icon
    Multilingual website and customer service

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    No fees for personal transfers
  • Circle Check Icon
    Accepts payments in several currencies
  • Circle Check Icon
    Target specific rates using limit orders
  • Circle Check Icon
    No debit or credit card payments
  • Circle Check Icon
    No scheduled transfers

WorldRemit Logo
  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website
$
$
$

medium

Fees
63
Speed Icon

fast

1-2 days

Less Information
-

Transfer Options

  • Bank Transfer
  • Debit / Credit card
  • Google / Apply Pay
  • POLi (Australia)

Features

  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

medium

Fees
Speed Icon

fast

1-2 days

Best For

  • Circle Check Icon
    Transfers to cash pickup locations
  • Circle Check Icon
    Transparent rates and fees
  • Circle Check Icon
    Low minimum transfer amount
  • Circle Check Icon
    No hedging tools
  • Circle Check Icon
    No scheduled transfers

Payoneer Logo
    $
    $
    $

    high

    Fees
    71
    Speed Icon

    medium

    2-3 days

    Less Information
    -

    Transfer Options

    • Bank transfer
    • Debit card
    • Credit card
    • Bank debit

    Features

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      high

      Fees
      Speed Icon

      medium

      2-3 days

      Best For


      Currencies Direct Logo
      • Check Icon
        Forward contracts and limit orders
      • Check Icon
        Scheduled transfers
      • Check Icon
        Travel money solutions for residents of the UK
      • Check Icon
        Multilingual website
      $
      $
      $

      low

      Fees
      84
      Speed Icon

      medium

      2-3 days

      Less Information
      -

      Transfer Options

      • Bank transfer
      • Debit card

      Features

      • Check Icon
        Forward contracts and limit orders
      • Check Icon
        Scheduled transfers
      • Check Icon
        Travel money solutions for residents of the UK
      • Check Icon
        Multilingual website

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      low

      Fees
      Speed Icon

      medium

      2-3 days

      Best For

      • Circle Check Icon
        Schedule transfers easily
      • Circle Check Icon
        Make use of hedging tools
      • Circle Check Icon
        Accepts customers from most countries
      • Circle Check Icon
        Cannot sign up from all states in the U.S.

      TransferWise Logo
      • Check Icon
        Transparent fee structure
      • Check Icon
        Send money to email addresses
      • Check Icon
        Multicurrency account with debit card
      • Check Icon
        Multilingual website & app
      $
      $
      $

      low

      Fees
      75
      Speed Icon

      fast

      1-2 days

      Less Information
      -

      Transfer Options

      • Bank Transfer
      • Credit Card
      • Debit Card
      • Country specific alternatives

      Features

      • Check Icon
        Transparent fee structure
      • Check Icon
        Send money to email addresses
      • Check Icon
        Multicurrency account with debit card
      • Check Icon
        Multilingual website & app

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      low

      Fees
      Speed Icon

      fast

      1-2 days

      Best For

      • Circle Check Icon
        User friendly mobile app
      • Circle Check Icon
        Multi-currency account
      • Circle Check Icon
        Travel debit card
      • Circle Check Icon
        No scheduled transfers
      • Circle Check Icon
        No dedicated account manager

      How to send money to Sweden

      How To Step Icon
      Step 1
      Compare, select, create a new account
      Compare, select, create a new account
      Go through the offerings of the top companies that let their customers send money to Sweden.
      Consider your requirements carefully and select a service provider that you feel might work best for you.
      Sign up by providing the required information, and create a new personal or business account.
      You might need to provide details from a valid identity document, which could be your driver's license or passport.
      How To Step Icon
      Step 2
      Look at exchange rates, finalize transfer
      Look at exchange rates, finalize transfer
      Examining historical SEK exchange rates gives you means to determine if it is a good time to send money to Sweden.
      To set up your transfer, visit your service provider's website, enter the amount you wish to send, and get a rate quote.
      Lock the offered rate by accepting the quote. Find out how much time the transfer might take to complete.
      Give your service provider the recipient's Swedish bank account details.
      How To Step Icon
      Step 3
      Pay for your transfer, check updates
      Pay for your transfer, check updates
      Just about all companies accept payments via bank account transfers, and some accept card payments too.
      The actual process of transferring money to Sweden begins once you make your payment.
      Updates on your service provider's website and app give you an easy way to track the progress of your transfer. You may also receive notifications via text messages or emails.

      Currency Symbol and Swift Codes

      What currency do they use in Sweden? The Swedish krona (SEK) is official currency of Sweden, and it has been in use since 1873. One krona is subdivided into 100 öre. In April 2016, the krona was the ninth most traded currency in the world. There is currently no indication of when Sweden might adopt the euro.

      If you plan to send money to a Swedish bank account, you will need the bank’s SWIFT code. The corresponding table lists SWIFT codes of some popular banks in Sweden.

      BANKBRANCHSWIFT CODE
      Nordea BankStockholmNDEASESSNCL
      Svenska HandelsbankenStockholmHANDSESSCLS
      Skandinaviska Enskilda BankenStockholmESSESSCLS
      SwedbankStockholmSWEDSESSCLS

       

      Case Study

      Oscar and his family moved from Sweden to the UK because he found a new job there. However, they did not want to sell their home in Sweden because they planned to return some time in the future. This meant Oscar had to keep making repayments from the UK toward his existing home loan in Sweden. While he could use a bank in the UK to make the monthly transfers, he felt he might get a better deal by comparing his options. The table below shows you the results of his comparison.

       BANKMONEY TRANSFER SERVICE
      Exchange rateGBP 1 = SEK 10.9130GBP 1 = SEK 11.7455
      Transfer feeGBP 15GBP 0
      Amount received for GBP 1,000SEK 10,746.31SEK 11,745.50
      Transfer time2 to 5 days2 to 3 days
      Transfer optionsBank accountBank account
      Difference of SEK 996.19

      Using the services of the money transfer company as opposed to the bank benefited Oscar in different ways. Since he got better value for money, he was able to make larger than expected payments toward his loan. He was able to schedule his transfers so he did not have to remember making a repayment every month. In addition, he could also lock in exchange rates for up to six months.

       

      Cash Pickup Locations in Sweden

      If you want to send money to Sweden in a hurry or if the recipient does not have a bank account, you may use the services of companies that have cash pickup locations in the country. Some of the prominent companies with agent networks in Sweden include Western Union, MoneyGram, and Ria.

      WESTERN UNION IN SWEDEN 
      Stockholm Dream Bow Travel Vattugatan 7 StockholmForex Bank Hamngatan 37 Stockholm
      Gothenburg Forex Bank Centralstation GoteborgLilians Guld and Smycken Sodra Hamngatan 61 Goteborg
      MONEYGRAM 
      Stockholm Folk Kiosk Malarhojdens T-Bana StockholmNybohov Livs Nybohovsbacken 45 Stockholm
      Gothenburg Anadolu Resor Kopmansgatan 27 Loc GoteborgDiamex 1 Goteborg AB Odinsgatan 24 B Goteborg

       

      Safety Tips for Picking Up Cash in Sweden

      Crime levels in Sweden are lower than most other European countries. However, instances of petty crime such as bag snatching and pickpocketing take place around tourist areas such as Stockholm’s Central Station and Old Town, on public transportation, and in restaurants. Criminals may work in teams, where while one distracts you the other relieves you of your valuables. Some well-dressed thieves are known to operate out of breakfast rooms and hotel lobbies.

       

      What Information Do I Need to Transfer Money to Sweden?

      When you send money to Sweden, the transfer method you choose has a bearing on the information you need to provide.

      • Bank account. The service provider will need the recipient’s name, a bank account number, the receiving bank’s name, and the bank’s SWIFT code.
      • Cash pickup location. You will need to identify a cash pickup location and also provide the recipient’s complete name. The recipient may collect the transferred money by presenting an acceptable form of identification document along with a transaction or reference number.

       

      Regulations When Transferring Money To and From Sweden

      After Sweden joined the European Union it has allowed free flow of money in and out of the country. Sveriges Riksbank (the Central Bank of Sweden)  sets the country’s monetary policy and tries to maintain inflation levels. The Finansinspektionen regulates and monitors the country’s financial systems.

      You may freely exchange the Swedish krona with any other currency.  There are no restrictions on transfers and they do not need to be declared, unless they exceed EUR 10,000 per person.

      Convert USD to SEK

      Check out the historical exchange rates for the last thirty days. Learn how much you can save by using a global money transfer company instead of the big banks.
      USD
      SEK
      Sending money online through specialist money transfer companies.

      Expect to receive between Skr868.67 and Skr873.93 when sending money from USD to SEK at today's exchange rate.

      Compare that to sending money overseas through retail banks. Expect to receive approximately Skr833.57, not including additional banking fees. That is an average saving of Skr37.73.
      Currency exchange rate in the last 30 days

      Need more information?

      Read useful guides on international remittance and more detailed reviews on the best money transfer services.

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