Sweden’s banking market is mature yet dynamic, blending large universal banks with nimble regional sparbanker and digital challengers. The major players—Swedbank, SEB, Nordea, Handelsbanken and Skandinaviska Enskilda Banken—dominate nationwide with integrated services in retail, corporate banking, private banking and wealth management. However, in local markets, sparbanker remain vital, offering regionally tailored services and closer customer relationships. Meanwhile, FinTechs and digital banks like Avanza and Nordnet are gaining traction, especially among millennials and tech-savvy savers.
At Damalion, we help clients negotiate this ecosystem: from selecting the optimal bank, preparing the bank-ready pack, to arranging dialogues with compliance teams and facilitating final activation. Our inbound links—such as Comprehensive guide to Swiss bank accounts and Acceptance playbook for Swiss bank accounts—showcase our approach to cross-border banking, which also applies to Swedish contexts.
While national players operate across Sweden, some trend cities stand out for corporate and financial activity:
• Stockholm – the capital and financial hub
• Gothenburg – industrial and port city
• Malmö – gateway to the Öresund region
• Uppsala – research and education magnet
• Lund – tech & innovation cluster
Opening a bank account in Sweden: practical onboarding notes
When applying for a konto in Sweden, whether at a large commercial bank or a local sparbank, the key is to present a file that is easy for the bank’s compliance and kundkännedom teams to process. Swedish banks are under Finansinspektionen supervision and must document identity, tax status, ownership and the purpose of the account before they approve anything. A well-prepared application saves both you and the bank time.
For private clients, everyday accounts usually require a valid passport or national ID, proof of address, and tax residency details. Source of funds should be clear — salary slips, company dividends, sale contracts, or inheritance papers. For companies, banks expect registration papers, bolagsverket extracts, shareholder or UBO lists, articles of association and documents showing who can legally sign on behalf of the company.
Banks in Sweden also look closely at how the konto will be used. They want to see the nature of payments: for example, salaries, supplier invoices, rent, or investment flows. If the bank understands your activity and sees documentation that matches, the onboarding goes smoother. Larger institutions like Swedbank, SEB, Nordea or Handelsbanken often ask additional questions for international clients or higher-risk sectors, while local sparbanker may be quicker when the business is clearly tied to the region.
Acceptance is never automatic — it is always a decision taken under each bank’s internal risk policy. But with transparent documents, a clear explanation of why the konto is needed, and realistic information on transactions, the chances of approval improve significantly.
Due diligence – common questions
What does due diligence mean in Sweden?
It is the process of kundkännedom and AML checks required by Finansinspektionen to verify identity, funds and purpose of the konto.
Which documents are always requested?
Passport or ID, proof of address, tax residency details, and evidence of where your money comes from.
What counts as source of funds?
Salary, company dividends, proceeds of a sale, investment gains or inheritance — supported by official papers.
How do banks confirm beneficial owners?
Through bolagsverket extracts, UBO charts and shareholder registers down to natural persons with control.
Do politically exposed persons (PEPs) get accepted?
Yes, but with enhanced checks, extra documents and stricter approval layers.
Can non-residents open a Swedish konto?
Yes, but the bank will look closely at purpose, ties to Sweden and quality of documents.
Why does a bank ask about expected payments?
To see if the activity is consistent with your profile: type of clients, suppliers, amounts, currencies and countries.
Are translations or apostilles needed?
Sometimes, especially if your documents are not in Swedish or English.
Can the bank reject without detailed reasons?
Yes. Banks apply internal risk policies and may decline if the profile does not fit.
How long does onboarding usually take?
From a few days to a few weeks, depending on completeness of the file and follow-up questions.
To open yuor bank account in Sweden, please contact your Damalion expert.
| Bank (opens in new tab) | Address | Activities |
|---|---|---|
| Bjursås Sparbank | Stationsvägen 2, 790 21 Bjursås | Local savings bank providing retail banking, payments, savings and mortgages to households and small businesses in the region. |
| Bank2 Bankaktiebolag | Råsundavägen 100, 169 57 Solna | Niche lender offering retail deposits and secured lending solutions, with a focus on consumer and specialty credit products. |
| Mjöbäcks Sparbank | Mjöbäcks Byaväg 14, 512 65 Mjöbäck | Independent local savings bank focused on retail banking, mortgages, savings and SME services in the local community. |
| Carnegie Investment Bank | Regeringsgatan 56, 111 56 Stockholm | Investment bank specializing in corporate finance, equity research, trading, wealth management and private banking. |
| EFG Investment Bank | Hovslagargatan 5B, 111 48 Stockholm | Private banking and wealth management for high-net-worth clients; investment solutions, advisory and asset management. |
| ICA Banken | Kolonnvägen 20, 169 71 Solna | Retail bank for private customers: everyday accounts, cards, savings, loans and mortgages integrated with ICA ecosystem. |
| FOREX Bank | Stora Nygatan 27, 111 27 Stockholm | Foreign exchange, travel money and retail banking services: deposits, cards, personal loans and payments. |
| Glimåkra Sparbank | Storgatan 55, 289 47 Glimåkra | Local savings bank offering retail accounts, payments, mortgages and small business services to the community. |
| GE Money Bank (now Santander Consumer Bank) | Frösundaleden 2, 169 75 Solna | Consumer finance and retail banking: auto loans, personal loans, credit cards and savings products. |
| Swedbank | Landsvägen 40, 172 63 Sundbyberg | Universal bank: retail, corporate and private banking; mortgages, payments, asset management and investment services. |
| Ikano Bank | Hyllie Boulevard 27, 215 32 Malmö | Retail bank focused on consumer finance, savings and cards, partnering with retail brands for embedded lending. |
| Länsförsäkringar Bank | Tegeluddsvägen 11–13, 115 41 Stockholm | Retail and SME banking within the Länsförsäkringar group: deposits, mortgages, payments and investment services. |
| Häradssparbanken Mönsterås | Storgatan 15, 383 30 Mönsterås | Local savings bank providing everyday banking, savings, mortgages and SME services in the Mönsterås area. |
| Nordea | Smålandsgatan 17, 111 46 Stockholm | Nordic universal bank serving retail, corporate and private banking clients; markets, payments and asset management. |
| Nordnet Bank | Alströmergatan 39, 112 47 Stockholm | Online bank and broker offering trading, savings, pensions and investment services for private customers. |
| Sparbanken Nord | Stationsgatan 6, 972 38 Luleå | Regional savings bank offering retail banking, mortgages, SME services and local advisory across Norrbotten. |
| Skandiabanken | Lindhagensgatan 86, 112 18 Stockholm | Online-oriented retail bank within Skandia: daily banking, mortgages, savings, investment and pension services. |
| Skandinaviska Enskilda Banken (SEB) | Kungsträdgårdsgatan 8, 106 40 Stockholm | Universal bank: retail, corporate and investment banking, markets, asset management and private banking. |
| Kinda-Ydre Sparbank | Torggatan 3, 590 37 Kisa | Local savings bank offering retail banking, mortgages, savings and SME lending in Kinda and Ydre. |
| Sparbanken Skaraborg | Nya Stadens Torg 3, 531 31 Lidköping | Regional savings bank providing retail, mortgage, SME and private banking services in Skaraborg. |
| Sparbanken Öresund (now Sparbanken Skåne) | Västra Storgatan 14, 291 31 Kristianstad | Regional banking under Sparbanken Skåne brand: retail, mortgages, SME and local advisory services. |
| Avanza Bank | Regeringsgatan 103, 111 39 Stockholm | Digital bank and broker for private investors: low-fee savings, funds, pensions and securities trading. |
| Swedbank Sjuhärad | Allégatan 55, 503 37 Borås | Partnered savings bank offering retail banking, mortgages, SME services and local advisory in Sjuhärad. |
| Svenska Handelsbanken | Kungsträdgårdsgatan 2, 106 70 Stockholm | Decentralized universal bank: retail, corporate and private banking, mortgages and wealth management. |
| Tjustbygdens Sparbank | Stora Torget 1, 593 30 Västervik | Regional savings bank providing retail accounts, mortgages, savings and small business services. |
| Skatelövs & Västra Torsås Sparbank | Granhultsvägen 30, 343 71 Diö | Local savings bank focused on retail banking, savings, payments, mortgages and SME services. |
| Vimmerby Sparbank | Stora Torget 1, 598 37 Vimmerby | Local bank offering retail banking, mortgages, savings and advisory for individuals and small firms. |
| Volvofinans Bank | Fabriksgatan 10, 412 50 Göteborg | Vehicle finance bank: car loans, leasing, cards and payment solutions for Volvo customers and dealers. |
| Röke Sockens Sparbank | Rökevägen 4296, 282 91 Tyringe | Independent local savings bank providing retail banking, savings, mortgages and payments to residents. |
| Ölands Bank | Storgatan 17, 386 32 Färjestaden | Regional bank within Swedbank group offering retail banking, mortgages, savings and SME services. |
| Ekobanken medlemsbank | Skäve Magasin 9, 153 31 Järna | Ethical cooperative bank: retail accounts, savings and loans with a sustainability and impact focus. |
| Sparbanken Alingsås | Nolhaga Allé 6, 441 55 Alingsås | Regional savings bank offering retail banking, mortgages, SME services and local advisory. |
| Almundsryds Sparbank | Kyrkvägen 1, 362 51 Ryd | Local savings bank providing retail banking, payments, savings and mortgages to the community. |
| Attmars Sparbank | Storgatan 21, 862 31 Kvissleby | Local savings bank focused on retail banking, savings, mortgages and services for small businesses. |
| Bergslagens Sparbank | Stora Torget 1, 711 30 Lindesberg | Regional savings bank: retail accounts, payments, mortgages, savings and SME financing. |
| Ekeby Sparbank | Köpmangatan 1, 267 76 Ekeby | Local savings bank providing retail banking, savings, mortgages and local advisory services. |
| Falkenbergs Sparbank | Nygatan 88, 311 37 Falkenberg | Regional savings bank: everyday banking, mortgages, savings, payments and SME services. |
| Långasjö Sockens Sparbank | Långasjövägen 56, 361 94 Eriksmåla | Local savings bank focusing on retail banking, mortgages, payments and savings for residents. |
| Frenninge Sparbank | Kanalgatan 2, 275 61 Vollsjö | Local savings bank offering retail accounts, payments, savings, lending and advisory for households. |
| Fryksdalens Sparbank | Köpmannagatan 3, 686 30 Sunne | Regional savings bank: retail banking, mortgages, savings, payments and services for small firms. |
| Eskilstuna Rekarne Sparbank (Sparbanken Rekarne) | Kungsgatan 5, 632 17 Eskilstuna | Regional savings bank providing retail banking, mortgages, savings and SME financing in Sörmland. |
| Göteryds Sparbank | Allbogatan 50, 342 30 Alvesta | Local savings bank focused on retail banking, deposits, mortgages and community advisory. |
| Hudiksvalls Sparbank | Köpmangatan 4, 824 30 Hudiksvall | Regional savings bank serving retail and SME clients with payments, savings and lending. |
| Resurs Bank | Ekslingan 9, 254 67 Helsingborg | Retail and consumer finance: savings, loans, credit cards, payment and checkout solutions. |
| Högsby Sparbank | Storgatan 35, 579 22 Högsby | Local savings bank offering retail accounts, payments, mortgages and SME services. |
| Ivetofta Sparbank i Bromölla | Storgatan 40, 295 31 Bromölla | Local savings bank focused on retail banking, savings, mortgages and local business services. |
| Färs & Frosta Sparbank (now Sparbanken Skåne) | Västra Storgatan 14, 291 31 Kristianstad | Integrated into Sparbanken Skåne: retail banking, mortgages, savings and SME services in Skåne. |
| Kristianstads Sparbank (now Sparbanken Skåne) | Västra Storgatan 14, 291 31 Kristianstad | Integrated into Sparbanken Skåne providing retail, mortgage and SME banking in the region. |
| Kyrkhults Sparbank | Kyrkhultsvägen 11, 293 94 Kyrkhult | Local savings bank: retail accounts, payments, savings, mortgages and community advisory. |
| Westra Wermlands Sparbank | Tingvallagatan 8, 671 31 Arvika | Regional savings bank offering retail, SME and private banking services in Värmland. |
| Lekebergs Sparbank | Bangatan 5, 716 31 Fjugesta | Local bank focusing on retail banking, mortgages, savings and local business services. |
| Leksands Sparbank | Tegelbruksvägen 1, 793 22 Leksand | Regional savings bank: retail accounts, payments, mortgages, savings and SME services. |
| MedMera Bank | Englundavägen 6, 171 41 Solna | Cooperative retail banking: cards, savings and consumer lending serving Coop customers. |
| Lönneberga-Tuna-Vena Sparbank | Storgatan 28, 577 30 Hultsfred | Local savings bank providing retail banking, mortgages, savings and advisory in the area. |
| Markaryds sparbank | Industrigatan 14, 285 36 Markaryd | Local savings bank with retail accounts, payments, savings, mortgages and SME services. |
| Varbergs Sparbank | Västra Vallgatan 2, 432 45 Varberg | Regional savings bank offering retail banking, mortgages, savings and local business support. |
| Nordals Härads Sparbank | Sundsgatan 4, 464 31 Mellerud | Local savings bank focused on retail banking, savings, mortgages and SME lending. |
| Norrbärke Sparbank | Smedjegatan 15, 777 31 Smedjebacken | Local savings bank providing retail accounts, payments, savings and lending to households. |
| Östgöta Enskilda Bank (now Danske Bank) | Norrmalmstorg 1, 103 92 Stockholm | Part of Danske Bank in Sweden: universal banking for retail, corporate and private clients. |
| Orusts Sparbank | Västra Gatan 4, 473 31 Henån | Regional savings bank: retail banking, mortgages, savings and services for local businesses. |
| Roslagens Sparbank | Stationsgatan 5, 761 30 Norrtälje | Regional savings bank offering retail, mortgages, savings and SME services in Roslagen. |
| Sparbanken Lidköping | Nya Stadens Torg 1, 531 31 Lidköping | Regional savings bank: retail banking, mortgages, savings and small business lending. |
| Sala Sparbank | Västeråsgränd 9, 733 33 Sala | Local savings bank providing retail accounts, payments, mortgages and advisory. |
| Sidensjö sparbank | Sidensjövägen 11, 891 95 Arnäsvall | Local savings bank focused on retail banking, savings, mortgages and community support. |
| Närs sparbank | Storgatan 10, 623 75 Havdhem | Local savings bank on Gotland: retail accounts, payments, savings, mortgages and SME services. |
| Skurups Sparbank | Stora Torggatan 4, 274 34 Skurup | Local savings bank offering retail banking, mortgages, savings and services for local firms. |
| Snapphanebygdens Sparbank | Torupsvägen 1, 289 41 Broby | Local savings bank: retail accounts, payments, savings, mortgages and SME support. |
| Farstorps Sparbank | Storgatan 5, 289 74 Farstorp | Local savings bank focused on retail banking, savings, mortgages and local advisory. |
| Sparbanken Boken | Storgatan 24, 312 30 Laholm | Local savings bank providing retail accounts, savings, mortgages and payments. |
| Sparbanken Gotland | Österväg 37, 621 45 Visby | Regional savings bank serving Gotland with retail banking, mortgages, savings and SME services. |
| Sparbanken Tranemo | Storgatan 28, 514 33 Tranemo | Local savings bank offering retail accounts, payments, savings, mortgages and advisory. |
| Sparbanken i Enköping | Torggatan 11, 745 31 Enköping | Regional savings bank: retail banking, mortgages, savings and services for small businesses. |
| Sparbanken i Karlshamn | Drottninggatan 69, 374 38 Karlshamn | Regional savings bank providing retail accounts, mortgages, savings and SME lending. |
| Ålandsbanken | Stureplan 19, 111 45 Stockholm | Private banking and wealth management with retail services; investment advisory and asset management. |
| Sparbanken Syd | Hamngatan 2, 271 25 Ystad | Independent savings bank: retail banking, mortgages, savings and SME services in southern Sweden. |
| Sparbanken Tanum | Norra Torget 1, 457 30 Tanumshede | Regional savings bank providing retail accounts, payments, savings, mortgages and SME services. |
| Södra Hestra Sparbank | Köpmansgatan 1, 333 72 Båraryd | Regional savings bank: retail banking, mortgages, savings and local business services. |
| Sparbanken Västra Mälardalen | Torggatan 6, 731 30 Köping | Regional savings bank offering retail banking, mortgages, savings and SME lending. |
| Södra Dalarnas Sparbank | Stora Torget 5, 772 30 Grängesberg | Regional savings bank providing retail accounts, payments, savings, mortgages and SME services. |
| JAK members bank | Vasagatan 14, 541 50 Skövde | Member-owned cooperative bank offering retail banking with interest-free philosophy and community focus. |
| Sölvesborg-Mjällby Sparbank | Stortorget 2, 294 31 Sölvesborg | Regional savings bank: retail accounts, mortgages, savings, payments and services for SMEs. |
| Sörmlands Sparbank | Köpmangatan 11, 641 30 Katrineholm | Regional savings bank providing retail banking, mortgages, savings and SME services in Sörmland. |
| Vadstena Sparbank | Storgatan 14, 592 30 Vadstena | Local savings bank: retail banking, mortgages, savings, payments and advisory services. |
| Tjörns Sparbank | Rådhusvägen 1, 471 31 Skärhamn | Regional savings bank offering retail banking, mortgages, savings and services for local businesses. |
| Ulricehamns Sparbank | Stora Torget 1, 523 30 Ulricehamn | Regional savings bank providing retail accounts, mortgages, savings and SME services. |
| Sparbanken Gute | Österväg 37, 621 45 Visby | Gotland savings bank focused on retail banking, mortgages, savings and local business services. |
| Valdemarsviks Sparbank | Storgatan 17, 615 30 Valdemarsvik | Local savings bank offering retail accounts, payments, savings and lending to residents and SMEs. |
| Ålems Sparbank | Storgatan 17, 384 30 Blomstermåla | Local savings bank providing retail banking, mortgages, savings and advisory services. |
| Vinslövs Sparbank | Storgatan 25, 288 31 Vinslöv | Local savings bank focused on retail accounts, payments, savings, mortgages and SME services. |
| Virserums Sparbank | Storgatan 30, 570 80 Virserum | Local savings bank with retail banking, mortgages, savings and community advisory. |
| Åtvidabergs Sparbank | Adelswärdsgatan 2, 597 30 Åtvidaberg | Local savings bank offering retail accounts, payments, savings, mortgages and SME services. |
| Åryds Sparbank | Hantverksgatan 2, 362 40 Ryd | Local savings bank focused on retail banking, savings, mortgages and support for local business. |
| Åse och Viste härads Sparbank | Torggatan 7, 531 30 Lidköping | Local savings bank providing retail banking, mortgages, savings and advisory services. |
| Tidaholms Sparbank | Västra Drottningvägen 11, 522 31 Tidaholm | Local savings bank: retail accounts, payments, savings, mortgages and small business services. |
| Älmeboda Sparbank | Rävemåla Centrum, 362 98 Rävemåla | Local savings bank focused on retail banking, savings, mortgages and payments for residents. |
| Laholms Sparbank | Stortorget 6, 312 30 Laholm | Regional savings bank providing retail banking, mortgages, savings and SME services. |
| Sparbanken Boken | Storgatan 24, 312 30 Laholm | Local savings bank: retail accounts, savings, payments and mortgages for local customers. |
10 Best Things to Do in Stockholm, Sweden in 24 Hours
Hit Stockholm’s essentials with easy walks and ferry hops around Gamla stan, Djurgården, and Norrmalm.
- Royal Palace (Kungliga slottet) – state rooms & changing of the guard. Jump to map
- Vasa Museum – 17th-century warship icon at Djurgården.
- Skansen – open-air museum & Nordic wildlife.
- Stockholm City Hall (Stadshuset) – Nobel banquet hall & tower views.
- Fotografiska – contemporary photography & café on Södermalm.
- ABBA The Museum – interactive pop history.
- Nationalmuseum – Swedish & European art/design.
- Gamla stan & Stortorget – medieval lanes, cafés, and color-wash facades.
- Monteliusvägen – classic skyline lookout over Riddarfjärden.
- Djurgården waterfront walk – museums, ferries, and parks.
10 Best Hotels in Stockholm, Sweden
- Grand Hôtel Stockholm – landmark luxury on Blasieholmen with spa & waterfront views.
- At Six – sleek design hotel at Brunkebergstorg; art, rooftop bar, central location.
- Bank Hotel – boutique glam in a former bank building near Nybroviken.
- Nobis Hotel Stockholm – contemporary classic on Norrmalmstorg.
- Lydmar Hotel – intimate waterfront stay beside Nationalmuseum.
- Ett Hem – discreet townhouse luxury on Östermalm (very limited rooms).
- Hotel Diplomat – art-nouveau icon on Strandvägen.
- Radisson Blu Waterfront – business-friendly next to Centralstationen.
- Haymarket by Scandic – 1920s flair right on Hötorget.
- Berns Hotel – boutique stay with historic venues at Berzelii Park.
