Mozo guides

Send money to Sweden

Sending money to Sweden is simple and easy to do which is especially useful if you’ve got money matters to deal with in Sweden. Whether you’ve invested in a business or property in Sweden or have money to send to family or a friend, we can help you iron out a few of the creases. Just spend a moment familiarising yourself with certain terms and conditions that Mozo explains below before making an international money transfer.

But if you want to exchange dollars to krona for your next holiday to Sweden, then you need to read Mozo’s Travel Money section. That way you’ll get to know everything you need when it comes to choosing the right travel cards and cheapest exchange rates.

How do I actually transfer money to Sweden?

In order to transfer money between accounts in different countries, you need your recipient's bank ID numbers and their account details. Need more help understanding the next step? Read on to find out more about your options: 


A safe environment for our income, our savings and even our superannuation. But is it the best provider when it comes to transferring money overseas? With the high fees and rates, Mozo thinks you should look around some more.

Pros: Familiar names that you already trust and use. 

Cons: Higher transfer fees than other providers or financial providers. Not as convenient as other methods if you can’t visit a branch during business hours. 

Foreign Exchange Specialist

Specialist FX or Foreign Exchange Specialists are pretty good at scoring competitive rates when it comes to exchanging currencies around the globe. In fact they’re the experts.

Since they exchange global currency daily above everything else, they’re probably able to secure a pretty good deal when converting Aussie dollars to Sweden krona. 

Online IMT and foreign exchange providers like OFX, TorFX and Send offer expert service that’s usually less expensive than other IMT providers. Since you can use their service 24/7, it means they’re more flexible too.

Pros: Quick and safe international money transfer, usually cheaper than the banks

Cons: May have high minimum transfer limits which can range from $200 up to $10,000, so it may not cater to your needs if you're only looking to send a small amount overseas.

Can wiring money to be Sweden risky?

Oh yes. Not just because it’s Sweden. Because it’s the internet! And if your sensitive information is not protected, then it doesn’t matter what you do online, your activity can be exposed and compromised. But there is something you can do: 

Can I make a one-off transfer to Sweden?

Sure you can. One-off or regular transfers? They’re both possible. Fees and charges rarely vary, but check with your provider first! They may be able to offer you a better deal for multiple transfers, and may even give you benefits like waived transfer fees.

How do I compare IMT providers?

You probably don’t have enough hours in the day to visit every IMT provider’s websites to compare the plethora of fees and rates online. But what you can do is save time, by using Mozo’s international money transfer comparison tool to make your IMT research more easy breezy. 

After all, the rate you secure will definitely impact your overall fee when transferring large amounts. Here’s a quick reference we’ve put together below (you can thank us later) that you can look to when selecting who to go with.

What to look out for when choosing an IMT provider:

Limits Some IMT providers require you to transfer a minimum amount, and can be as high as $10,000. If you don’t intend on sending that much money over, try looking for a provider that requires a smaller amount. Or better still - no minimums! On the flipside, some banks may also have a low maximum transfer amount, capped at your daily withdrawal limit, so if you're moving a big lump sum overseas, you may instead want to look at providers that would allow you to transfer it all in one go. 
Rates Even the smallest gap in the exchange rate you secure when sending money overseas can make a difference to how much Sweden krona you get out of your Aussie dollars. 
Transfer speed From instant transfers to a week or more. You’ll hear a mixture of promises. To be on the safe side, factor in that funds may not be cleared until 3-5 business days after you've confirm your transfer. The good news is, some providers do offer live tracking of your funds, so you'll always know where your money is. 
Transfer fees The amount you pay in fees may be zero to high and anything in between. This is generally charged per transaction, so it's a cost to avoid particularly if you're looking to make regular transfers overseas. 
Online vs phone or in person Doing international money transfers online allows you to save on fees and charges while giving you the freedom to transfer money at the time that suits you, 24/7. But if you prefer face-to-face assistance, then banks will offer in-branch services as well, although this option will typically cost you more. 

How do I set up an international money transfer?

Firstly, you need to decide which direction you will take - online, in person or over the phone? Working this out first, will determine your best next steps.

  • Will you be logging on to your online bank account or app?
  • Visiting a branch?
  • Filling out a form online?

Whichever way you choose to transfer money to Sweden, some crucial bits of information you’ll need for a successful transfer include: 

1. Full name and address of the recipient’s bank

2. Recipient's name, address and account name

3. Account number or International Bank Account Number (IBAN)

4. SWIFT/BIC code of your personal account you're transferring funds from

5. Amount you would like to send.

    Ready to compare exchange rates for converting Aussie dollars to Swedish Krona? Scroll down below for a list of offers available today, or head on over to our international money transfer comparison table for even more options. 

    Personal international money transfer comparisons on Mozo

    Mozo may receive payment if you click to the website of one of the products below. Mozo does not compare the entire market.
    Last updated 23 July 2024 Important disclosures
    I want to transfer
    Today’s foreign exchange rates
    • Excellent exchange rates, no transfer fees
    • 24/7 transfers online, over the phone or through the TorFX app
    • Personal account management and expert insights

    $6,603 USD

      BY PHONE
    • $0.6603 USD

    • 1-2 days

    • $200 minimum

    • Send to 200+ countries and 100+ currencies globally
    • Dedicated Australia-based client services team with personal account management for transfers over $20,000
    • 48,000+ 5-star 'Excellent' ratings on TrustPilot

    $6,590 USD

      BY PHONE
    • $0.6590 USD

    • 1-3 days

    • none

    • Fee Free transfers
    • Talk to a human, 24/7. Sharp Rates and Fast and Secure transfers.
    • Australian owned, ASX listed and Official Foreign Exchange Provider of the NHL

    $6,588 USD

      BY PHONE
    • $0.6588 USD

    • 1-2 days

    • $250 minimum
      $500 monthly minimum for regular transfers

    • Fee free for selected countries on the first transfer
    • Transfer in minutes, 24/7 Live support
    • Wide range of options - Cards, Bank transfer, Wire, Cash pickup and E-wallet

    $6,580 USD

      BY PHONE
    • $0.6580 USD

    • Within minutes

    • $0 minimum

    Maria Gil
    Maria Gil
    Money writer

    Maria Gil writes across all of our personal finance areas here at Mozo. Her goal is to help you think smarter about money and have more in your pocket. Maria earned a journalism degree in Florida in the United States, where she has contributed to major news outlets such as The Miami Herald. She also completed a masters of digital communications at the University of Sydney. When Maria isn’t busy with all things finance, you can find her tucked away reading fantasy books. She is also ASIC RG146 (Tier 2) certified for general advice.