Money Transfer from UK Bank Accounts to Swedbank
The best alternatives for sending UK pounds to a Swedbank bank account in Sweden, an FX currency broker will save you money on the transaction.
Swedbank is a modern bank firmly rooted in Swedish savings bank history with 8 million private customers and more than 600 000 corporate and organisational customers. The bank is Sweden’s largest bank in terms of number of customers. Swedbank has 317 branches in Sweden and more than 200 branches in the Baltic States of Estonia, Latvia and Lithuania.
Swedbank GBP and SEK Exchange Rates
|Bank Name | FX Broker Comparison||FX Rate||GBP to SEK||FREE QUOTE|
|Swedbank||*2.3%||Kr. 11.208 info||Enquire|
|TorFX||*0.7%||Kr. 11.397 info||Enquire|
UK pound sterling (GBP) to Swedish krona (SEK) currency rates are updated daily at 09:00 GMT.
*Note: A lower FX Rate will give a better exchange rate when transferring money to/from euro. The recommended foreign exchange companies listed on our website can save you money and time with your international currency transfer requirements.
UK Pound, Euro & Krona Transfer to/from Swedbank in Sweden
Making a transfer to or from Swedish krona using a bank service could potentially lose you thousands of pounds due to the poor FX margin rate offered. Private currency brokers offer a much more competitive rate of exchange. Example: Currency broker TorFX are one of the UK’s leading and largest foreign currency exchange specialists assisting private individuals and businesses with their foreign currency transfers to and from most countries worldwide.
UK bank to Swedbank account v Currency Brokers
1: Bank money transfer information: General Guidelines – High street banks also charge a commission fee when sending money abroad into another currency – Private brokers offer commission free currency transfers typically over a value of £5000 or Kr. 57371.362 Swedish krona. Bank transfer commission fees range from £15 to £30 depending on the bank.
2: Unless you pay a premium, high street banks will take from 3 to 7 days for your funds to arrive at the destination bank. Private foreign exchange companies typically complete the transaction between 1 to 3 days.
Sending Money Abroad with Swedbank
To transfer funds abroad from your Swedbank account, you have to give the beneficiary’s IBAN and BIC to the bank. International transfer requests may be submitted by fax as long as you have signed a request at your local Swedbank branch.