Bank accounts and loans in Sweden

Bank solutions for commuters

If you work in Sweden, it is a good idea to open a Swedish bank account as soon as possible so your salary can be paid into a Swedish account.

Some banks offer special banking solutions for commuters between Denmark and Sweden. This may include having one bank account in Sweden and one in Denmark, with automatic monthly transfers between the accounts. Some banks also allow you to transfer money between your Danish and Swedish accounts through online banking without additional fees.

Before choosing a bank, it can therefore be a good idea to compare the different terms and services available.

Examples of banks offering solutions in both Denmark and Sweden include Danske Bank and Nordea.

Read about Nordic banking services at Danske Bank

Read about banking services for customers living outside Denmark at Nordea

Documents needed to open a bank account

If you want to open a Swedish bank account, you should normally bring:

• Your employment contract
• A certificate of residence from Denmark or Sweden, depending on where you live
• Valid ID, such as a passport or driving licence
• A work permit, if you are a non-EU citizen

If you do not have a Swedish ID document, you can instead use a passport, driving license or other public ID document that proves your identity and citizenship.

You can open a Swedish bank account even if you do not have a Swedish personal identity number or a Swedish address. However, a bank may refuse to open an account if there are specific reasons for doing so, e.g., suspected financial crime or fraud.

Electronic identification in Sweden

Sweden does not have a system equivalent to the Danish MitID. Instead, you can obtain electronic identification through many Swedish banks or through FrejaID.

Electronic identification is personal and allows you to access online services provided by banks, authorities, municipalities and companies in Sweden.

Read about electronic identification through your Swedish bank

Loans and credit assessments in Sweden

Before granting a loan, a Swedish bank will assess your creditworthiness. You must therefore be able to document your employment and income.

If you work and receive your salary in Sweden, the bank can usually obtain a Swedish credit report. However, credit information is generally not shared across Nordic borders.

If you live in Sweden and work in Denmark, you may therefore need to provide additional documentation to prove your creditworthiness, such as recent payslips, your employment contract or similar documents.