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Banking in Sweden

Best banks in Sweden for expats & digital nomads

Opening a bank account is one of the first things you do after moving to Sweden. Here are the accounts that work for newcomers and non-residents, plus the fintech we would set up before you fly.

How to open a bank account in Sweden

Opening a Swedish account usually needs a personnummer (or in some cases a samordningsnummer plus residence permit), an in-person visit, ID and proof of work/address; a BankID follows and unlocks Swish and most digital services. The full process can take weeks, so Wise or Revolut are used on arrival.

Our top pick

Wise multi-currency account

Wise is the option we recommend for almost anyone moving to Sweden: hold and convert 40+ currencies, get local account details to be paid like a local, and send money at the real exchange rate with low, transparent fees. It works before you even arrive, so you can receive income and pay deposits while your local account is still being set up.

Open a free Wise account →

Affiliate link: we may earn a commission at no cost to you. Wise is a fintech, not a bank; balances are safeguarded, not covered by deposit insurance.

Top banks in Sweden

Handelsbanken

traditional
Most newcomer-friendly big bank

Decentralised branch model gives local managers discretion to open accounts for newcomers; in-person appointment required.

Swedbank

traditional
Largest ATM and branch network

Uses the Bankomat network; online onboarding needs a personnummer and Mobile BankID.

SEB

traditional
Good English support and digital banking

Runs dedicated 'New in Sweden' guides for different residency situations; viable once you have a personnummer.

Nordea

traditional
English-friendly, pan-Nordic coverage

Commonly recommended for expats; book an appointment as a 'new customer from abroad'.

Klarna

digital
Digital-first everyday account

Swedish licensed bank offering an app-based account; typically accessible once you have a personnummer and BankID.

International accounts & neobanks

Revolut

Multi-currency app account available to Swedish residents; good as an interim account while waiting for a Swedish bank.

N26

German-licensed mobile bank available in Sweden; free tier and English app.

Availability changes; confirm on each provider's site.

Next steps in Sweden

See the full Sweden tax, cost and visa profile, or compare Sweden with other destinations. Not sure where to go yet? Take the finder quiz.