Sweden is a country located in northern Europe. As part of the Scandinavian peninsula, which is made up of three countries Sweden, Denmark and Norway, these European states are thought of as some of the most expensive in Europe. Unlike other EU countries, Sweden has its own currency: the Swedish krona (SEK) not to be confused with the Danish krone (DKK) or the Norwegian krone (NOK).
When considering how to send money Sweden from Canada there are some key aspects of the transfer to consider.
The cheapest provider we found is TransferWise at 0.9% Above Mid-Market Rate.
If you’re looking for the best combination of price, speed, and reliability we recommend using XE when transferring CAD to SEK.
This means that by using XE for online money transfers to Sweden from Canada, you are likely to save on transfer fees and benefit from fast speeds – so your recipient will get more money and have it delivered in less time.
Alternatively, if you are unable to access XE for any reason, our comparison engine has found Instarem and TransferWise also to be very good options when sending CAD – SEK.
This recommendation was updated one minute ago.
In order to avoid high fees, you should consider the cheapest way to send from Canada to Sweden.
TransferWise has been determined by our comparison engine to be currently offering you the cheapest rates possible.
Get the Best Rate and Sign Up for Rate Alerts Canada to Sweden
When sending money from Canada to Sweden, speed is one of the biggest factors you need to consider in terms of the service offered by different money transfer providers. Currently, XE is the fastest way to send CAD – SEK.
Most money transfer providers allow you to deposit and send money using various payment methods, but not all providers offer every option. Typically you’ll find the most common methods are bank transfers and card payments, but many providers also accept cash and some will even deliver funds straight to your recipient’s door.
To avoid high fees you can opt to use an online money transfer provider such as TransferWise to pay for your transfer to Sweden.
With XE you can send money online to Sweden using your debit card. But before making a payment, make sure you understand all the processing fees in place.
Bank and wire transfers are the most common ways of sending money Sweden as they are secure, reliable, and convenient. However, they often come with the slowest delivery times in case speed is an important factor for you. You can use XE to send money using a bank or wire transfer at a great rate as long as you’re happy for your transfer to take 1-2 days.
If you want to make an international transfer, you will need to know the SWIFT/BIC code of your recipient in Sweden. If you’re unsure about it, check out our SWIFT calculator to figure out the correct SWIFT code in Sweden.
When sending money to Sweden from Canada using bank account transfer you are paying for the outgoing fees, flat fees, currency exchange rate markup, and sometimes an additional incoming transfer fee.
On the other hand, you usually only pay a sender fee and a small exchange rate markup when using online money transfer services such as XE, Instarem and TransferWise.
Before sending money to Sweden from Canada, you should consider the following:
This one’s easy. Simply use our comparison table above to find the best provider to send CAD to SEK. After that it’s just a process of making your transfer via the following steps:
Your recipient has a few methods available to receive your money in Sweden. These will vary between providers, but it is possible to find services that will:
If your recipient is going to collect or have the money delivered to them in Sweden, then they will usually need the following:
The amount of SEK you can receive from Canada will largely depend on the money transfer service you are using. There are providers that specialise in smaller remittance payments, and providers who specialise in larger transfers.
You should also check if there are any government regulations pertaining to the amount of SEK that can be received in Sweden or sent from Canada before making your transfer.