- Use promo code 3FREE to get three free transfers
- Easy to use with round-the-clock help
- Get cash to family and friends in minutes
Transferring money to Sweden doesn’t need to be overwhelming and costly, and you don’t need a bank to complete the process. International money transfer services are a better option than banks because of their competitive rates and fees. When it’s time to send money to Sweden, compare the transfer fees and exchange rates of the options available to you to get the best deal with the least amount of hassle.
Despite only being used in Sweden, the krona is one of the top traded currencies in the world. This means your bank will likely be able to make a money transfer to Sweden, but at what cost? Banks are known for their high fees, slow processing times and poor exchange rates. If you want to get a good deal, a bank might not be your best choice.
Instead, a money transfer company may prove to be a better option. With a number of companies offering low fees, quick transfers and good exchange rates, you have a lot to choose from. If you aren’t familiar with them, it’s certainly an option you should look into.
Sven has relocated to the UK but still sends money home to his parents in Malmo. He wants to send them £1,000 as a gift for their 30th wedding anniversary. The problem is his bank offers a paltry exchange rate. Because of this, 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 1||Money transfer company 2|
|Exchange rate||1 GBP = 10.87 SEK||1 GBP = 11.07 SEK|
|Transfer method||Bank account deposit||Bank account deposit|
|Processing time||3 business days||1 to 3 business days|
|Amount received in SEK for £1,000||10,870 SEK||11,070 SEK|
Sven’s parents will receive 200 krona extra if he uses the second transfer company. Even though it has a slightly higher transfer fee, Sven is more than happy to pay it if it means his parents are able to celebrate in style.
Exchange rate is used to determine how much one currency is worth when traded for another currency. A strong currency will yield more when it’s exchanged for a weak currency, which gives the pound an edge. But since most exchange rates are flexible, the exact number can change from moment to moment.
Every money transfer service will be different, but in general, you can follow these steps to keep the process quick and easy.
There are a few services that offer same-day transfers to Sweden. Some even keep fees low and exchange rates near market value, which saves you money and gets your recipient more cash. However, you’ll need to keep an eye out — not every service comes cheap, so compare your options carefully and choose one that won’t break the bank.
If you or a recipient is picking up cash, follow these steps to help minimise the risk of theft.
Money transfers to Sweden are common. This means you have plenty of options, and since you have plenty of options, you’ll need to be on the lookout for a good deal. Carefully consider each money transfer service and read our guide on the process to keep your research quick so you can get your recipient the money they need.Back to top
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.