Send money to Sweden

Find the lowest fees and best exchange rates so you can send money to Sweden without breaking the bank.

Updated . What changed?

Fact checked

If you need to send money to Sweden, you don’t need a bank to do it. International money transfer services are a better option than banks because of their competitive rates and fees. When it’s time, compare the transfer fees and exchange rates of the options available to you to get the best deal with the least amount of hassle.

Compare options for sending money to Sweden

Data indicated here is updated regularly
Name Product Minimum Transfer Transfer Time Transfer Fee
TransferWise - Ireland
EUR 1
1-2 days
Varies
Azimo - Ireland
GBP 10
Instant
Varies
Remitly - Ireland
EUR 0
1-5 days
EUR 2.99
Skrill - Ireland
EUR 50
1 day
None
XE Money Transfers - Ireland
EUR 1
Same day
EUR 0
WorldRemit - Ireland
EUR 1
Same day
Varies
CurrencyFair - Ireland
EUR 5
1-2 days
Varies
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Compare up to 4 providers

What’s the best way to send money to Sweden?

Online money transfer providers typically offer the strongest exchange rates and lowest fees on money transfers to Sweden. Some offer cash pickup in as little as a few minutes, while others seamlessly transfer to bank accounts. Sending money through PayPal or your bank is also an option, but you’ll typically face higher fees and weaker exchange rates when going that route.

Digital money transfer services

Companies like WorldRemit and OFX specialise in foreign currencies, making them some of the most cost-effective transfers. Most offer transfers directly to your recipient’s Swedish bank account, often in as little as a day or two.

Cash transfers

Services like MoneyGram, WorldRemit and Western Union allow you to transfer cash for pickup at a local branch in Sweden – often in 15 minutes. While it’s a fast way to send money, you’ll pay for the convenience in weak exchange rates and high fees.

Banks

The Swedish krona is a popular currency, so your local bank should be able to exchange it. But beware of high fees and wide margins on the exchange rate compared to digital and other options when sending a wire transfer to Sweden.

How to send money to Sweden online

Sign up and send money with a digital money transfer specialist in four steps:

  1. Sign up for a free account. Pick a provider and sign up for a free online account using your contact information, proof of ID and preferred payment method.
  2. Provide transfer details. Submit your recipient’s contact information and pick a delivery method. If transferring to a bank, you’ll need their Swedish bank account information.
  3. Confirm transfer details. Double check your payment method, expected fees and destination.
  4. Save your receipt. Record your receipt’s confirmation number to track the progress of your transfer to Sweden. Some money transfer providers send a text or email when your transfer is complete.

What are the ways that I can send money to Sweden

  • Bank transfers. Many major Irish banks will allow you to send money to Sweden.
  • Money transfer providers. Providers like TransferWise and OFX can help you quickly and easily transfer your money online.
  • Providers with cash pickup. Western Union, WorldRemit and MoneyGram allow you to send funds for cash pickup at agent locations.
  • PayPal. Electronic payment giant PayPal allows you to send money from Ireland to Sweden.
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Let’s crunch the numbers: Sending €2,000 to Sweden

Let’s say you need to send €2,000 to family in Sweden. Here’s what you might face as far as fees and exchange rates as of 23 November 2020.

Digital money transfer service Cash transfer Bank transfer
Fee €0 €2.99 €20 + additional correspondent bank fees
Exchange rate 1 EUR = 10.17 SEK 1 EUR = 10.11 SEK 1 EUR = 9.68 SEK
Transfer speed 1-2 days Minutes 2-5 days
Amount received SEK 20,340 SEK 20,213 SEK 19,362
Verdict
  • Best value
  • Fastest
  • Slowest and most expensive

The bank option ends up being both the slowest and gets the smallest amount of money to your recipient in Sweden. If you avoid the bank you can save SEK 978, and a cash transfer can typically have your transfer to Sweden in as little as 15 minutes. Just make sure there is a cash pickup location near your recipient before sending.

How to get the most out of your money transfer to Sweden

Weigh costs and fees against convenience to learn how to compare money transfer providers that send to Sweden to best meet your needs:

  • Exchange rates. The EUR-SEK relationship fluctuates occasionally, so using a service that allows you to lock in exchange prices may help you save money down the line if the Swedish krona rises against the euro.
  • Transfer fees. Transferring money overseas nearly always requires fees, but they might be hidden in the exchange rate. When sending large amounts, it may be cheaper to pay a flat fee to secure a stronger EUR-SEK exchange rate.
  • Transfer limits. How much you can send varies by company, and different amounts can attract higher or lower fees. Shop around for the best deal on the amount of krona you’re sending to Sweden.
  • Turnaround. Transferring money through a local bank can take a business week or longer. If you need the funds delivered quickly, look for a digital specialist that offers instant transfers to Sweden.
  • Sending limits. Comparing prices for one large transfer instead of many small transfers is typically easier, so picking the service you use based on how much you’re sending is a valid strategy for saving money.
  • Transfer methods. Whether you want money sent to a Swedish bank account or picked up as cash at a local agent, narrow down a company that matches your preferred delivery method.

How to send an emergency cash transfer to Sweden

When urgency trumps cost to get your money to Sweden quickly, look for money transfer companies that support cash pickup in minutes. You can pay with a credit or debit card for fast pickup, but fees are higher than other methods.

How to send money to Sweden without a bank account

If you don’t have a bank account, you can still use cash transfer services to send money to Sweden. Similarly, a recipient can get the money with a cash transfer if they don’t have a bank account. These services are widely available around the world and although they’ll typically not be the cheapest available, they can be fast and convenient.

Sweden’s exchange rates explained

The exchange rate determines how much one country’s currency is worth in another country’s currency. When a country’s currency is strong, it yields more money when exchanging it in a country with a weaker currency. Factors that may influence the exchange rate include interest rates, economic stability and inflation.

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Updated: 23 Nov 2020 16:19:26 UTC

Documents needed for sending to and receiving money in Sweden

To send money to Sweden from Ireland, you’ll need government-issued ID and other documents, while documents needed to pick up money in Sweden may differ by company.

Documents to send money from Ireland

To send money from Ireland to Sweden, you’ll need documentation and details that include:

  • Identification. Most services require a driver’s licence, passport or other government-issued ID.
  • Payment method. Your service may accept credit or debit cards, cash, bank accounts or cheques.
  • Recipient information. Submit your recipient’s name as it appears on their ID, along with their phone number and Swedish bank account information.

Documents to receive money in Sweden

To pick up money in person, documentation can include:

  • Transfer number. The person sending you money can forward the transfer’s confirmation details – called a PIN, an MTCN, a reference number or a tracking number, depending on the company.
  • Government-issued ID. A Swedish passport, Swedish ID or similar official ID may be required to pick up your transfer.
  • Amount sent. You may need to know how much was sent, usually within 10% of the total.
  • Sender’s information. Take along your sender’s full name, the sending country and their address, if known.

Bottom line

Sending your hard-earned money to Sweden shouldn’t cost a fortune. Compare money transfer companies that specialise in foreign transactions for the strongest rates, lowest fees and flexible delivery. For transfers to other countries, rely on our country-specific guides the next time you need to make a transfer.

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