How to send money to Sweden
Discover how to send money to Sweden at the most competitive cost in four easy steps
1. Make sure the Swedish krona mid-market rate is favorable
Even though the evolution of the currency market is unforseeable, it can help you save money to stay on top of it to optimize how much you (or your recipient) receives after the currency exchange. We advise our users to set-up our smart alerts to monitor the evolution of the SEK exchange rate.
2. Compare the more than thirty companies sending money to Sweden in order to select the best one.
There are 35 services to transfer money to Sweden, such as TransferGo, TransferWise, Western Union, MoneyGram, Currencies Direct. You can save a lot of money by comparing all these providers and go with the most competitive option for your money transfer.
3. Pick the best service based on your criteria
What is the most important for you? Total cost, time for the money to arrive, customer reviews? Examine the pros and cons before selecting the provider.
In addition, you may want to take into account the pay-in/out methods. Customers often have the possibility to pay by bank wire or by cards (credit or debit). In Sweden, select the right option, whether you need the amount in SEK to be deposited on a local bank account or available for pick-up in cash at an agent location.
4. Sign up and start your transfer with the provider of your choice
The last step is to register on the provider's online portal (you usually have to give some documents to confirm your identity), and configure your transfer.