The Best Multi-Currency Accounts in Sweden in 2026

Compare multi-currency accounts in Sweden

Check the receiving route and card access alongside the account costs for the currencies you expect to use.

Foreign income and matching-balance spending

9.2

Wise

Fees

0.1% - 2.6%

Exchange Rate Markup

0%

Transfer Speed

Minutes - 24 hours

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"Over 15 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."

Smaller weekday exchanges and travel spending

8.8

Revolut

Fees

0.3% - 1%

Exchange Rate Markup

0.1% - 0.6%

Transfer Speed

Minutes - 5 days

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"Revolut has 70+ million customers globally. You can hold up to 25+ currencies in the app and send money quickly in 25+ currencies to 140+ countries."

US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details.

Separate foreign bank-payment accounts

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SEB

Fees

Exchange Rate Markup

Transfer Speed

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Foreign income alongside existing banking

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Swedbank

Fees

Exchange Rate Markup

Transfer Speed

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Euro receiving and bank payments

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Handelsbanken

Fees

Exchange Rate Markup

Transfer Speed

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My reviews of the accounts

Wise

Foreign income and matching-balance spending

Wise lets Swedish residents keep more than forty currencies and receive supported foreign payments through the appropriate local or SWIFT account details.

Its card can spend directly from an adequately funded matching balance, which connects foreign income with purchases abroad without converting through SEK first.

I think Wise is a good fit for several foreign income sources when you also want to spend those currencies during travel.

The currency balance and receiving instructions are separate features, so holding a currency does not guarantee domestic bank details in its home country.

For example, receiving euros through SEPA differs from accepting a dollar wire, with selected wire and SWIFT payments carrying receiving charges.

If you fund the account in kronor, SEK payments must come from a bank within Sweden rather than through an incoming SEK SWIFT transfer.

Eligible customers can authorise personal bank funding through Trustly, although the bank’s limits and processing still affect when the funds become available.

Converting money uses the mid-market exchange rate plus a variable fee, while card withdrawals have separate charges that the exchange comparison does not include.

Wise Europe safeguards customer funds, so its protection differs from the deposit guarantee covering eligible balances at a Swedish bank.

Revolut

Foreign balances with a weekday exchange allowance

Revolut gives Swedish residents thirty-eight held currencies and a linked card, with banking details for receiving supported currency payments.

Standard includes SEK 10,000 of monthly exchange without an extra weekday exchange fee, which can cover modest foreign spending alongside an existing Swedish account.

I think Revolut is worth considering for occasional foreign purchases when the allowance fits your spending and you can exchange the required currency during the week.

Previous relevant exchanges reduce the allowance, and its reset follows your account’s monthly cycle rather than automatically starting again each calendar month.

Holding enough of the purchase currency lets the card use that balance, while an automatic conversion can attract the applicable exchange charges.

The Standard weekend fee makes that distinction particularly relevant for a weekend trip when your matching foreign balance runs out.

Revolut sets its own rate, and international bank payments can bring separate fees even if the conversion stays inside the exchange allowance.

Receiving also requires the correct details for the selected currency, rather than treating every held balance as a separate domestic foreign bank account.

Its Lithuanian deposit guarantee applies to eligible bank deposits, so Swedish residency does not place those funds under Sweden’s own guarantee scheme.

SEB Valutakonto

A Swedish bank account for recurring foreign receipts and payments

SEB Valutakonto keeps incoming and outgoing payments in the account’s chosen foreign currency, avoiding conversion into kronor whenever the money moves.

You can open separate accounts for different supported currencies, which suits someone receiving foreign income and paying bills in those same currencies.

In my opinion, SEB is worth considering when maintaining a foreign balance with a Swedish bank is more important than having several currencies behind one travel card.

A euro salary could remain in the euro account until an overseas bill needs paying, rather than being converted upon receipt and bought again later.

That avoids unnecessary currency exchanges, but it does not remove the exchange-rate risk against kronor while you keep the foreign balance.

The setup fee is substantial for an account used occasionally, so I suggest it for recurring receipts or payments rather than one holiday.

There is no annual account charge afterwards, although incoming payments, outgoing transfers and any currency exchange follow their own prices.

The account does not support depositing or withdrawing foreign banknotes, so it cannot replace a foreign cash service merely because it holds that currency.

Deposit protection aggregates eligible balances across SEB, which means another currency account does not create another separate guarantee allowance for the same customer.

Swedbank Valutakonto

Foreign salary or pension balances without an annual account fee

Swedbank’s personal Valutakonto lets existing customers receive foreign salary or pension payments and retain the money in its original supported currency.

The account has no annual fee, and you can open separate currency accounts when recurring payments involve more than one currency.

My suggestion is to add it to an existing Swedbank relationship when foreign income needs a separate home without paying an annual charge for that account.

The branch checks why you need it and how you plan to use it, so opening requires more than selecting another balance inside an app.

Once available, the account’s transactions and balance appear in internet banking, alongside the rest of your banking relationship.

For an outgoing foreign payment, the currency account must match the payment currency, rather than supplying another foreign balance and expecting conversion between them.

That can suit someone receiving euros and paying euro expenses, although the transfer itself still follows the applicable payment tariff.

I suggest using this account primarily for receipts and bank payments, while a linked multi-currency card account suits spending foreign balances during travel.

Foreign banknotes cannot be deposited or withdrawn through this account, and deposit insurance applies to your combined eligible Swedbank balances rather than each currency separately.

Handelsbanken Euro Privat

A euro account for regular bills and direct debits

Handelsbanken Euro Privat receives and holds euros, with internet banking payments and the option to connect SEPA direct debits.

That suits someone living in Sweden who receives euro income or pays recurring expenses for a home in a eurozone country.

I suggest using it for ongoing euro bills when you already bank with Handelsbanken and want receipts and payments kept in the same currency.

SEPA direct debit adds a role beyond simply storing euros, because an eligible biller can collect a recurring euro payment from the account.

The current tariff charges SEK 1,500 to set up Euro Privat, even though the account itself carries no annual maintenance fee afterwards.

Your wider banking relationship can have separate costs, so the zero annual account fee should not be read as free banking overall.

Eligible online EUR SEPA payments have no bank transfer fee, while arranging the same payment through a branch can cost more.

The account supports neither a linked debit card nor foreign cash handling, which makes its value strongest for bank payments rather than travel spending.

It also requires the bank to review your need and your other banking business, so I do not see it as an unrestricted standalone euro wallet.

Choose around foreign income, spending or keeping euros

If you receive euro income while living in Sweden, keeping it in euros avoids converting to SEK and back for later euro expenses.

I think Wise is a good fit when you want foreign receiving details and a card in the same service, provided you check each currency's available receiving route.

Revolut can suit someone who combines foreign balances with smaller weekday exchanges, provided its allowance fits their spending and transfer activity.

A Swedish bank currency account can suit an existing customer who needs to receive and pay a particular currency through their bank.

That account can still serve a narrower purpose than an app account, especially when an ordinary bank card continues to debit your SEK account.

Check the receiving details before changing salary instructions

Holding a currency does not guarantee local receiving details for it, and international bank receipts can carry different fees from domestic payments.

Use the details for the chosen currency and check that the employer or sender can use that payment route before changing regular instructions.

SEK income needs its own receiving check, since having a Wise krona balance does not automatically give you a Swedish domestic salary account.

My suggestion is to keep a Swedish everyday account for local bills and banking access unless the alternative covers the payment services you need.

For a one-off payment rather than ongoing currency holding, our best money transfer services in Sweden guide covers more sending options.

Include account opening and conversion costs

SEB's setup fee can outweigh the benefit of opening an account for a small one-off receipt, even when ongoing account maintenance is free.

For repeated foreign income, the bank's conversion rate can make a larger difference than the annual account fee over the course of a year.

A free currency balance also leaves you paying any applicable outgoing bank payment fees, which vary by destination and payment route.

Revolut's Standard allowance depends on your earlier exchanges, while Wise charges for conversion rather than requiring a subscription to hold ordinary balances.

I suggest comparing the total cost for your expected receipts, conversions and payments, rather than choosing around the account's opening price alone.

Check card settlement and the protection scheme

A currency account should not be treated as a matching-balance spending account unless its card terms confirm which balance pays for the purchase.

Wise and Revolut provide card-linked currency balances, while the Swedish bank accounts are primarily for holding and making bank payments.

For eligible Swedish bank deposits, the current guarantee covers up to SEK 1,150,000 per person and institution, combining accounts at the same bank.

Revolut's eligible deposits use the Lithuanian deposit guarantee, while Wise safeguards customer money under its payment institution arrangements rather than bank deposit insurance.

Those differences are worth checking before keeping substantial savings, alongside the institution's account eligibility and any applicable restrictions on the money held.

How to choose a multi-currency account in Sweden

Compare a SEK-funded overseas payment

Compare the cost of converting and sending money before moving a balance between currencies or paying another account abroad.