How to send money to Sweden from Canada with the best CAD-SEK rate

A comparison of providers offering services between Canada and Sweden is the easiest way to ensure the best deal.

Here are your top options for sending money from Canada to Sweden

• Wise is our recommended company for CAD to SEK transfers. For example, sending 1,000 CAD to SEK will cost you $7.35 in fees, and you will receive 6,810.51 SEK. The delivery time usually is next day, but it depends on the day you make the transfer.

• Paysend offers a combination of the lowest fees and best exchange rates - making it the cheapest transfer service for sending Canadian Dollar to Sweden. It is 0.19% cheaper than the second-best option. The is cost is made up of CAD-SEK exchange rate that is 0.31% different to the mid-market rate and the a of 0 CAD.

• Fastest way to transfer money to Sweden from Canada is with Paysend. For sending $1,000 with Paysend to Sweden now, the transfer time is 6-12 hours.

We've compared 10 providers that offer services for sending Canadian Dollar to Sweden.

This ensures you will get the best options for your transfer to Sweden from Canada.

An exchange rate determines the price you will pay when buying Swedish Krona. A better exchange rate means more money reaching the recipient in Sweden.

The current rate between the Canadian Dollar and Swedish Krona is 6.8692. With the CAD-SEK exchange rate changing almost constantly, it pays to know the averages to get a better deal.

The total cost of sending money to Sweden from Canada, is made-up of a combination of fees and exchange rates. Sending with a company that can offer a good deal on both ensures a good deal on your transfer.

• The Mid-Market and Exchange Rates: Currently, the mid-market for CAD-SEK is 6.8692 SEK per Canadian Dollar.

• Fees: Transfer fees may have to be paid alongside the transfer, either as a set fee or a percentage of the transfer. Paysend, cahrges 0 CAD per transfer, which is currently the cheapest option. Although you should search for your send amount for actual fees.

• Amount Received: Money transfer companies will show you the amount of Swedish Krona eventually received in Sweden.

A better option is to use a forward contract can also allows you to lock in an agreed exchange rate between Canada and Sweden.

Paying via bank transfer is the payment method that will get you the best price with a money transfer company. When sending money from Canada to Sweden.

Here are all the ways to send money from Canada to Sweden:

Bank transfers

A bank transfer is often the default option for money transfers from Canada to Sweden.

By using a money transfer company such as Koho to send money from Canada to Sweden, you can while benefit from lower fees and more favorable exchange rates than a bank would offer. 


Debit and prepaid cards

Sending money from Canada to Sweden with a prepaid or debit card is very easy with Wise.


Wise is a great choice for sending money with a debit card from Canada to Sweden. This is from the 10 money transfer companies compared.

Credit cards

When it comes to credit card money transfers from Canada to Sweden there aren't that many options, mainly because it's more expensive.

If you have to, we recommend running a quick comparison to get the best deal on SEK

Companies offering money transfers between Canada and Sweden have minimum or maximum thresholds on how much money you can send.

Rates and fees for different transfer amounts could change if you pass a threshold - that’s why it’s best to compare CAD-SEK rates for your specific transfer amount.

For regular transfers from Canada to Sweden, shopping around each time can make a huge difference.

We’ve recommended Wise for sending CAD to Sweden, because of their combination of rates and fees when sending from Canada to Sweden that is the most competitive, even at larger amounts.

Check with the recipient and understand any declarations needed on large amounts of money entering Sweden from Canada.

There are different ways to receive Swedish Krona in Sweden. The most popular options are direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account.

All providers work differently and not all offering transfers from Canada to Sweden support every method for receiving Swedish Krona so it’s best to check ahead of time.

Sending directly to a bank account in Sweden is one of the most common ways to receive money from Canada. For most part, this is convenient but does have receiving fees to potentially be aware of.

Wise is the best company for bank transfers between Canada and Sweden.

Cash pickup is popular in Sweden, but not always supported and can be costly compared to cheaper options.

Mobile wallet or P2P services and payment apps like PayPal, Zelle, and CashApp are popular because of convenience. They come with more limitations and higher costs compared to money transfer providers like Paysend, and are recommended for domestic payments only.

When sending Swedish Krona to Sweden, you will need to verify your ID with your chosen money transfer company.

The documents you need will vary and in some cases you might need more than one.

For the most part, accepted IDs in Canada include government issued IDs such as passports or driver's licenses. If the recipient needs an ID to collect money in Sweden, the options are similar.

Large transactions between Canada and Sweden can be subject to additional checks such as proof of funds for anti-money laundering purposes. These won’t be needing when signing up, but will be need ahead of any transfer.

One of the reasons Wise has scored so highly for transfers to Sweden is their easy sign up process in Canada.

When sending money between Canada and Sweden there will be tax declarations to consider.

Some transfers into Swedish Krona may need to be reported to tax authorities in Sweden and Canada, depending on size and particularly where inheritance or property purchases are involved.

Tax limits and personal allowances will change in Sweden based on age, income and a few other elements - such as whether the funds are a gift. Tax law can be confusing, when in doubt, please contact a tax professional in Canada or Sweden to discuss your personal circumstances to ensure you are not missing any specific tax declarations associated with your international money transfer.