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How to send money to Sweden

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

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Search out the best exchange rates and lowest fees when you need to get money to Sweden. By doing this, you could get more krona to your recipient while saving some money for yourself. By exploring your many options you can find the best deal for your transfer to Sweden from the USA.

Send money to Sweden with OFX

No-maximum limit transfers with competitive exchange rates for 100+ currencies.

  • Support for 55+ major and exotic currencies
  • Competitive rates and no transfer fees
  • Multiple transfer options include forward contracts and limit orders
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Compare international money transfers to Sweden

Use our comparison table by entering the amount you want to send and clicking Calculate to see what your transfer to Sweden could cost.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 1 Same day USD 0.00 9.219 SEK 46,097 Offering no maximum and no minimum limit transfers with $0 fees. Go to site Show details
USD 1 Within an hour USD 3.99 9.222 SEK 46,074 Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
USD 1,000 1 day USD 0.00 9.168 SEK 45,842 No-maximum limit transfers with competitive exchange rates for 100+ currencies. Go to site Show details
USD 1 1 - 2 days USD 40.00 9.261 SEK
45,935
Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

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 US 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 the US to Sweden.
  • Checks and money orders. Although not a quick option, you could send an international check overseas, obtained from your bank or US Postal Service.
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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.

Blue icon representing money transfers Image: Infogram

Digital money transfer services

Companies like WorldRemit and OFX specialize 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.

Picture not described: BlueCoinsCashIcon_Infogram_94x62.png Image: Infogram

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.

Picture not described: BlueBankIcon_Infogram_62x56.png Image: Infogram

Banks

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

Let’s crunch the numbers: Sending $1,000 to Sweden

Let’s say you need to send $1,000 to family in Sweden. Here’s what you might face as far as fees and exchange rates as of June 19, 2020.

Digital money transfer serviceCash transferBank transfer
Fee$0$3.99$25 + additional correspondent bank fees
Exchange rate1 USD = 9.379 SEK1 USD = 9.455 SEK1 USD = 8.915 SEK
Transfer speed1-2 dayMinutes2-5 days
Amount receivedSEK 9,379SEK 9,379SEK 8,692
Verdict
  • Better than the bank
  • Fastest and better than the bank
  • 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 687, 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 USD-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 US dollar.
  • 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 USD-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, seek out 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.

Emergency cash transfer

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

Cash transfer services can help you if you’re unbanked or marginally banked. If you don’t have a bank account, look for a local company that supports storefronts for cash payments. These services include agent locations in other countries that allow your recipient to pick up cash without a bank account.

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. Sweden’s exchange rate is relatively stable compared to the US dollar, and the USD-SEK relationship typically doesn’t change often. Factors that may influence the exchange rate include interest rates, economic stability and inflation.

Track how the Swedish krona trades against the US dollar in our historical rate chart.

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Updated: 08 Jul 2020 01:05:29 UTC

Can you use Venmo in Sweden?

No. Venmo, Cash App, Zelle and similar services are all restricted mostly to the US. Cash App and Venmo do not work between Sweden and the US. You’ll need to use a dedicated money transfer service, a bank transfer, a PayPal transfer or something similar to send money to Sweden. Use our comparison table above to see what your transfer to Sweden could cost.

Documents needed for sending to and receiving money in Sweden

To send money to Sweden from the US, 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 the US

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

  • Identification. Most services require a driver’s license, passport or other government-issued ID. Some services allow you to send transfers without ID, but they may require your SSN.
  • Payment method. Your service may accept credit or debit cards, cash, bank accounts or personal checks.
  • 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.

What to watch out for

Sending money to Sweden may be subject to taxes on the money transfer, but it depends on a lot of variables. In general, any large transfers being sent from the US to Sweden should be filed with the IRS to avoid any penalties. To learn more about what penalties you may face by failing to file your transfer, read our guide on IRS taxes for large money transfers.

Bottom line

Sending your hard-earned money to Sweden shouldn’t cost a fortune. Compare money transfer companies that specialize 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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2 Responses

  1. Default Gravatar
    sheemaJune 9, 2018

    Hello there

    I need to know what’s the best way to send the money to someone in Sweden from the United States. the person doesn’t have any bank account back there because he is waiting for the immigration response. however, he needs money and as a friend, I would like to help him.

    Thank s

    • Avatarfinder Customer Care
      JeniJune 9, 2018Staff

      Hi Sheema,

      Thank you for getting in touch with finder.

      There are many money transfer companies with cash pickup options since your friend has no bank account. You can ask him/her to check out the transfer options available from companies like Western Union and MoneyGram near your friend.

      I hope this helps.

      Have a great day!

      Cheers,
      Jeni

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