Open a SEK Account - Swedish Krona

Opening an account is very simple.

1. Send us your request to open a SEK account via the form on the left or through the account opening form. We will contact you to schedule a phone call to fully understand your needs regarding SEK flows.
2. Following this discussion, we will assist you with the administrative formalities to open access to the services of one of our partners, selected according to your needs. We remain your sole point of contact for the entire client relationship.
3. Once access to the services is validated, you can request the opening of your Swedish Krona account and any other eligible currency. Your SEK account banking details are generally provided within minutes, and you can start receiving and making payments in SEK (Swedish Krona).
4. If your business evolves and you have needs in other currencies, you can request the addition of an account in another currency at any time.

The Swedish Krona (SEK) account for which we provide the details is not a bank account per se because the account-holding institution is not a bank but a partner payment institution. These accounts are labeled in your name, and the IBAN associated with the account is unique. You thus have a guarantee of segregation of your funds in the books of our partners. The security guarantees for your funds are similar to those offered by traditional banks. The account can be located in different countries according to your operational needs. Please consult the page related to opening a Swedish Krona (SEK) account for more information.

It may be useful for your SEK (Swedish Krona) account to be located in France or, conversely, in another country, depending on your operational needs and the location of your clients. This is why we allow great flexibility in the location of currency accounts. The SEK (Swedish Krona) account can be located in the following countries:

• France
• Sweden
• United Kingdom
• Belgium
• Netherlands

You can consult the updated table of possible SEK (Swedish Krona) account locations here: account locations

You can use this Swedish Krona account to receive or store SEK for as long as you wish, as long as your account is active. You are automatically notified by email each time a Swedish Krona transfer is received on your SEK account. You can then freely reuse these SEK to make payments in SEK to your suppliers or convert your Swedish Krona, benefiting from very competitive exchange rates. There is no obligation to move funds on the accounts. 

Foreign currency payment collection systems like Adyen, Stripe, Paypal, Hipay, or internal systems of marketplaces like Amazon Pay are widely used by companies conducting international transactions. These systems are efficient, but if you do not have an account in the collected foreign currency, your income in that currency is automatically converted into euros at a frequently unfavorable exchange rate, and even when you have a bank account in the collected currency, this account often needs to be located in the country where the sale takes place, which can be complicated with a traditional bank. Some of our partners offer currency accounts compatible with most marketplaces and collection systems.

You can find all eligible currencies for currency account opening by visiting this page.

It is not possible to deposit checks or cash into your SEK (Swedish Krona) account. Only bank transfers are accepted for transactions on the account. No bank card can be linked to the account at this time.

Account statements detailing all operations in Swedish Krona are downloadable at any time from the online interface. These statements include maximum information on beneficiaries, the origin of funds, related exchange operations, to facilitate the work of your accounting department.

All account statements can be automatically integrated into your treasury software or ERP via MT940 files. You will find all SEK (Swedish Krona) movements in your software, and you do not even need to connect to our online interface to obtain the updated balance of your SEK (Swedish Krona) account. Our technical teams can also automate the processing of currency payment files provided by your TMS / ERP.