Transfer with market-leading exchange rates and low fees when you send money to Sweden
If you’re sending money to Sweden you might already be aware of the big differences between transfer services, especially if you’re sending a large amount of money to buy a property or pay off a debt.
Luckily, we’ve written a short guide on how to compare services when sending money to Sweden, as well as some tips for comparing them. You can also use our table below to compare services based on their fees, transfer times and more.
Send more money to Sweden with the table below
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With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:
- Buying property abroad
- Regular overseas payments
- Risk management
Compare banks and money transfer services to send more to Sweden
If you want to convert your Australian Dollars to Swedish Krona and send money to Sweden, your bank can help, but unfortunately, banks offer quite poor foreign exchange rates for international money transfers and are also known to slug you with high fees (there are exceptions to this as always).
A more affordable option is to consider using the services of a specialist international money transfer company. You can see a list of the companies which allow transfers to Sweden in the table above. These companies, such as CurrencyFair and OFX, can offer much better exchange rates and lower fees than banks. This allows you to get much better value for money when transferring funds overseas, as you’ll see in the example below.
Case study: Matthias Sends Money to Sweden
Swedish-born Matthias is spending two years working and studying in Australia. He needs to send $2,000 back to his parents in Sweden to pay for some damage his car caused to his neighbours home before he left. In order to find the best possible deal, he compares the cost of lodging the transaction with his bank with the cost of using a money transfer service.
|Bank||Money Transfer Service|
|Exchange rate||1 AUD = 6.19 SEK||1 AUD = 6.476 SEK|
|Transfer time||2-5 days||24-48 hours|
|Transfer options||Bank account transfer||Bank account transfer|
|Amount received (in Swedish Krona)||12,380||12,926.09|
The results speak for themselves. Not only can Matthias send almost 550 SEK more using a money transfer service, but he can also save more than $20 in fees. The money transfer service will also get his funds to Sweden quicker than the bank can.Back to top
Compare transfer services to Sweden with our checklist
- Exchange rates. Look for the best rate available to make sure that as much of your money as possible makes it to your recipient. Also remember that some companies may offer a slightly lower rate in return for waiving their fees.
- Fees. The majority of money transfer providers will charge a fee for their services, but you may want to look for companies who waive their fees when you transfer more than a certain amount.
- Transfer method. Compare the options available for lodging your transfer: online, over the phone and/or in person at a branch.
- Transfer options. Does your provider allow you to schedule regular payments in advance for extra convenience? Does it offer flexible options like forward contracts and market orders so that you can take advantage of changing market exchange rates?
- Minimum transfer amounts. If you only need to transfer a small amount, you’ll want to avoid companies that impose a minimum transfer limit.
- Turnaround time. The importance of the speed of the transfer will depend on how urgently you need to send your funds. While some companies allow cash pickups within minutes, others require you to wait days for the transaction to be completed.
- Pickup options. Can your cash be picked up in person or are the funds sent straight to a bank account?
- Customer service. Look to see if your chosen provider offers phone, email and live chat support. This will be essential if you need assistance with an urgent transfer.
Send money to Sweden from Australia with these options
Consider the following options when you need to send money to Sweden:
- Bank transfers. The majority of Australian banks will make it easy for you to send money to Sweden, but they will offer poorer exchange rates and higher fees than some of your other transfer options.
- Money transfer companies. There are plenty of specialist money transfer providers who offer better exchange rates and lower fees than banks.
- Cash pickup money transfer providers. Other companies allow you to quickly transfer funds which can be picked up in person within minutes from agent locations in Sweden. Western Union and MoneyGram are two companies that offer this service.
- PayPal. If you and your recipient both have PayPal accounts, you can use this online payment service to transfer your funds to Sweden.
- International money order. If you don’t mind your transfer taking a little longer, you can obtain an international guaranteed cheque from your bank or local post office.
Send emergency cash to Sweden
In some cases you may need to transfer funds to Sweden as quickly as possible. This may be because you have a friend or relative travelling through Sweden who has lost their wallet and needs some emergency cash, or perhaps you simply need to make a purchase from a Swedish retailer as quickly as possible.
Whatever the case may be, remember to double check what exchange rate you will be receiving before you lodge your transfer. Though time is of the essence, make sure you’re fully aware of the exchange rates and fees that will apply to your transaction. This will ensure that you don’t end up any more out of pocket than you need to be.Back to top
Cash pickup locations in Sweden
C O Zagrosjet Airline
Arlanda Airport Skycity
Arlandalm, Stockholm 190 46
Open 9am to 6pm Monday to Friday, open 10am to 3pm Saturday
Open 6am to 9pm seven days a week
Goteborg, Vastra Gotaland 41103
Open 7am to 9pm Monday to Friday, 9am to 7pm Saturday and Sunday
Goteborg, 411 04
Open 8am to 8pm 7 days
Tavex – City
Stockholm, 111 46
Open Monday to Friday 8:50am to 6:05pm, open Saturday 10:50am to 4:05pm
Stockholm, 111 29
Open 9am to 7:30pm Monday to Friday, 10:30am to 6:30pm Saturday, 12pm to 6pm Sunday
Kopmansgatan 27 LOC
Goteborg, 411 06
Open 9am to 11:59pm 7 days
Redbergsvagen 17 LOC
Goteborg, 416 59
Open 9am to 10:30pm 7 days
Pick up cash the right way in Sweden
According to the Department of Foreign Affairs and Trade, Sweden is a safe country to visit and travellers are only advised to ‘exercise normal safety precautions’. However, this doesn’t mean you should be completely lax with your safety standards when picking up money in Sweden.
Take a friend with you when you go to pick up funds and make sure not to flash the cash around in front of strangers. Avoiding any high crime areas, head straight to your bank to deposit the funds – the last thing you want to do is carry them on your person for an extended period of time.
For more travel safety tips, read blogs and forums for advice from fellow travellers.Back to top
Be prepared before you send money to Sweden
As you can see from the list above, there are plenty of options to choose from when you want to send money to Sweden. The exact process for sending funds varies depending on the method and provider you choose, but you’ll usually have to open an account before you can send your funds.
To do this, you’ll need to provide your name, address, date of birth and photo identification. Once you’ve lodged a transfer, keep your receipt or tracking number so that you can monitor the progress of your funds.
It doesn’t matter why you need to send money to Sweden; all that matters is that it’s quick, easy and affordable to do so. Just make sure to do your research and find the money transfer provider that offers you the best deal.Back to top