Send Money to Sweden Securely

Information verified correct on February 22nd, 2017

sweden

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

When you need to get money to a loved one overseas, the last thing you want to have to deal with is navigating a potentially complicated and expensive process. Sending money from the United States to Sweden doesn’t have to be expensive. Compare the transfer fees and exchange rates of the many options available to you to get the most Swedish kronas for your dollar.

From bank transfers and online transactions to options that allow recipients to collect your funds within minutes, sending an international money transfer to Sweden is easy. However, do your research and shop around for the best available deal.

Compare International Money Transfers

Rates last updated February 22nd, 2017

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Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options.

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
  • Emigrating
  • Regular overseas payments
  • Risk management
  • Forecasting

Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
WorldRemit International Money Transfers
Use promo code FREE to ... Use promo code FREE to send your first transfer for no fee, to over 110 countries for bank-to-bank deposit, cash pickup or mobile top-up.
USD 1 Within an hour
OnlineCash Transfer
Rates are always
changing, click to check
your price today
Go to site More
OFX International Money Transfers
Send safe... Send safe, no-limit transfers with no fees and competitive exchange rates.
USD 150 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
TransferWise International Money Transfers
Enjoy high maximum transfers into ... Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.
USD 1 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More

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Banks versus money transfer companies

When faced with the prospect of sending money overseas, most of us immediately think of our banks. While any major bank can send an international wire transfer, they also charge high fees for doing so and offer exchange rates that are less than impressive.

You can actually save a substantial amount of money if you look around for a better deal from a money transfer service. These companies, some of which are based online and others which offer agent networks around the world, can offer better exchange rates and lower fees than you’ll likely get from your bank. The end result is more money staying in your pocket and a larger amount arriving into your beneficiary’s hands.

Case Study: Sven Sends Money to Sweden

Sven has relocated to the United States and become a citizen, but he still stays in regular contact with his parents back home in Malmo. He wants to send them $1,000 as a gift for their 30th wedding anniversary but is unwilling to accept the low exchange rate he is offered by his bank. He decides to check out the fees and features of two money transfer services to see if there’s a better deal available.

Money transfer company 1Money transfer company 2
Exchange rate$1 USD = $8.288 SEK$1 USD = $8.383 SEK
Transfer fee$5$4
Transfer methodBank account depositBank account deposit
Processing time3 business days1-3 business days
Amount received (in SEK)$8,288 SEK$8,383 SEK

As you can see, Sven’s parents will receive almost $100 SEK extra if he uses the second transfer company.

How to compare transfer companies when sending money to Sweden

  • Exchange rates. How do each company’s exchange rates compare to the competition?
  • Fees. How much will you have to pay to send the transfer? Can you avoid a transfer fee if you send a larger amount?
  • Transfer methods. Companies offer one or more of the following methods: online transfers, phone transfers, in-branch transfers and smartphone/tablet app transfers.
  • Transfer options. Can you lock in an ideal exchange rate now and transfer the money later, known as a forward contract? Does the institution offer limit orders, which allows you to take advantage of changing market conditions by executing the money transfer when a certain exchange rate is met? Can you schedule recurring payments, or does the company only provide one-off spot orders?
  • Turnaround time. Compare transaction processing times and see if one company can send quicker transfers without charging higher fees than others.
  • Minimum transfers. Check the fine print to see if any minimum or maximum transfer limits apply.
  • Pickup methods. Will your beneficiary be able to visit a transfer branch and collect the cash you send, or will the money be sent straight to their bank account?
  • Customer service. Is reliable customer support offered whenever you need it?
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Foreign exchange rates explained
The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it will yield more money when exchanging it in a country with a weak currency. For example, in December 2016, the U.S dollar was worth approximately 19 Mexican pesos. However, most countries’ exchange rates are flexible, which means it can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.

Options for sending money to Sweden from America

  • Bank transfers. A bank-to-bank transfer is an easy but expensive option.
  • Online money transfer providers. Companies such as OFX and WorldRemit can save you money compared to a bank.
  • Money transfer companies with cash pickup options. Check out the transfer options available from companies like Western Union and MoneyGram.
  • PayPal. Use your PayPal account to send money overseas.
  • Checks. An international check can be obtained from your bank and cashed by your recipient in Sweden.
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Emergency cash transfers in Sweden

If you ever need to send an emergency transferm it’s important that you make sure you’re fully aware of the total cost of your transaction. High fees and low exchange rates usually apply to rapid transfers, so don’t be rushed into handing over your money before you know all the details. Once you know exactly how much a transaction costs you can then decide whether you are getting a good deal.

Back to topFind a money transfer location near you

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Tips for picking up cash in Sweden

  • Do not pick up cash if you don’t feel safe or if you are not at an authorized agent location.
  • Don’t let any strangers see that you have just collected a large sum of money.
  • Avoid high-crime areas.
  • Don’t carry the cash on your person for any longer than you need to.
  • Deposit the money with your bank or in a secure hotel safe as soon as possible.
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How to send money to Sweden

Before you can send an overseas money transfer you’ll need to provide some information about yourself. Along with your name, address and contact details you will also need to present a photo ID.

The money transfer company will then need to know more about your recipient, including their name and contact information, as well as the details of how much money you wish to send and in what currency.

Once you’ve provided all the necessary information and handed over your cash, most companies will give you a reference number that you can use when you want to track your transfer.

If you are not using cash for this transaction, you will need to provide your banking info in order to have funds drafted from your account.

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US International Money Transfers Offers

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HiFX International Money Transfers

Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.

WorldRemit International Money Transfers

Use promo code FREE to send your first transfer for no fee, to over 110 countries for bank-to-bank deposit, cash pickup or mobile top-up.

World First Foreign Exchange

Exclusive offer: $0 transfer fee
No-limit transfers with competitive exchange rates for more than 100 currencies.

TransferWise International Money Transfers

Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.

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