Living in Europe | Banking | Sweden


Bank offices are generally open Monday–Friday, 10 am–4 pm.
Sweden’s four main banks are Swedbank, SEB, Nordea and Handelsbanken.

Once in Sweden, you will be able to use your international pay card in any store, bank and cash machines/ATM’s. Banks, in general, won't take cash anymore and even some stores and restaurants. It surprises many people that cash doesn't work everywhere, as it does in some other places.

Open a bank account

Residing for a year or longer
When you open a bank account in Sweden, you may receive an ATM card and link internet and telephone banking services to your account. Under anti-money laundering legislation, banks are required to stringently verify customer identity.

We suggest that you contact the bank and make an appointment first if you want to open a bank account, since the matter takes some time. Generally you need to bring the following to the bank:

  • Valid passport
  • Letter of acceptance including the duration of your studies or employment contract.
  • Details of address in Sweden
  • Document proving that you have a personal number or coordination number. Some banks also require a Swedish ID-card
  • Residence permit/Work permit

Staying in Sweden for only a short time (less than six months)
If you will reside in Sweden for only a short time, it is normally easier to use your bank account and bank card from your home country, even if this means that your transactions will result in currency exchanges. Via the Internet, you can continue to use your Internet bank which you are familiar with and is in your own language. We strongly recommend that you bring a Visa or MasterCard to Sweden, as cards are widely used all over the country.

Please note that opening a bank account may only be possible if you will be staying for longer than one year. This is an unfortunate side-effect of recent policy changes aimed at combating money laundry.

Currency converter

With a currency converter you can convert most common currencies to and from Swedish crowns, SEK.

Bank holidays

Here you can find information on current Swedish bank holidays.