Sweden Guide: Money

Our money guide provides information on bank accounts, money exchange, credit and debit cards and money transfers. If you need to open a bank account, we will explain how to do it - step by step.

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  Introduction

  Cost of living and currency in Sweden

  The cost of living in Sweden is relatively high and the country has one of the highest rates of VAT in the European Union. The Swedish currency is the Swedish Krona.

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  Swedish Banks

  Opening hours and how to open a bank account

  Banking is a straightforward process in Sweden, although to open a Swedish bank account you will need to be registered at a Swedish tax office and have a personnummer.

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  Accessing money

  Credit cards, ATMs and cheques

  Make sure you organise different ways to access your money in your home country before you arrive in Sweden. This can be in the form of credit and debit cards, cash or travellers’ cheques.

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  Money transfers

  Transferring money to and from Sweden

  Transferring money to and from Sweden is not particularly different to transferring money in any other country. There are a range of transfer agencies available.

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