Wise Sverige Review, Offers, Rates & Alternatives
Wise (formerly TransferWise) is an international money transfer and multi-currency account provider used in Sweden to send money abroad at the mid-market exchange rate. Instead of hiding a margin in the exchange rate, Wise shows a separate conversion fee before you send. Swedish customers can also hold 40+ currencies, spend with the Wise card and earn interest on balances.
Live offers
- Wise Räntekonto SE
- Wise Card Sweden
- Wise Invest SE
- Wise Utlandsbetalning SE
- Wise Betalkort SE
| Products | International transfers, multi-currency account, debit card, interest, investing |
|---|---|
| Exchange rate | Mid-market rate with a separate conversion fee from 0.35% |
| Transfer fee | From SEK 5 per transfer |
| Wise card | 0 kr monthly fee; 2,000 kr/month free ATM withdrawals, then 1.75% |
| Interest | Wise Räntekonto 3.00% p.a. (variable), from SEK 1,000 |
| Alternatives | Revolut, Remitly, Nordea, Swedbank |
Best for
- Swedish residents sending money abroad who want the mid-market rate and upfront fees
- Freelancers, expats and travellers who hold or spend several currencies
Not ideal for
- Anyone wanting a full Swedish bank account with loans, mortgages or BankID-linked services — use Nordea, Swedbank or SEB
Wise money transfers from Sweden
Wise is the money transfer service Giraffy tracks most closely in Sweden.
- Converts at the mid-market rate — the rate you see on Google — with a conversion fee from 0.35%
- Transfer fees from SEK 5, shown upfront before you pay
- Many transfers arrive instantly; others take 1–2 working days depending on the currency
Best for: People sending SEK abroad who want to see the full cost before paying.
Wise card
The Wise debit card spends from your Wise multi-currency balance.
- 0 kr monthly fee
- Hold and spend in 40+ currencies at the mid-market rate
- 2,000 kr a month of free ATM withdrawals, then 1.75%
Best for: Travellers and anyone paid or paying in more than one currency.
Wise interest and investing
Wise also lists products for money you leave in your account.
- Wise Räntekonto: 3.00% p.a., minimum SEK 1,000, instant withdrawals
- Wise Fastränta: 3.0% p.a. with a flexible term
- Wise Invest: funds with a 0.35% fee, from SEK 500
Wise Sverige vs alternatives
Wise Sverige vs Revolut
Small weekday transfers within a monthly fee-free allowance. Wise vs Revolut: Revolut lists 0% exchange markup on weekdays up to SEK 10,000 a month (0.5% at weekends). Wise uses the mid-market rate every day with a conversion fee from 0.35%.
Wise Sverige vs Remitly
Cash pickup or mobile wallet delivery. Wise vs Remitly: Remitly focuses on remittances with cash pickup options. Wise is better for bank-to-bank transfers and holding foreign currency.
Wise Sverige in Sweden — FAQ
What is Wise money transfer?
Wise is an online service for sending money abroad. It converts your SEK at the mid-market exchange rate and charges a separate, visible fee — from SEK 5 per transfer plus a conversion fee from 0.35% on Giraffy's listing — so you see the total cost before you send.
Is Wise a bank in Sweden?
No. Wise is a licensed payment and e-money provider, not a bank, so it does not offer loans or mortgages. It does offer a multi-currency account, a debit card with 0 kr monthly fee and an interest feature listed at 3.00% p.a.
Is Wise or Revolut cheaper for sending money from Sweden?
It depends on the amount and day. Revolut lists 0% exchange markup on weekdays up to SEK 10,000 a month and 0.5% at weekends. Wise uses the mid-market rate every day with a conversion fee from 0.35% and transfer fees from SEK 5, which often works out better for larger or weekend transfers. Compare both on Giraffy.