Personal accounts: Sweden
An honest assessment before work starts, the quote is fixed in writing.
Sweden is one of the most digital countries in the world: cash is hardly used, and salary, rent, taxes, healthcare and mobile transfers by phone number all run through a bank account and an electronic ID. Banks are supervised by Sweden's Financial Supervisory Authority, and the currency is the Swedish krona. For a foreigner the key is a Swedish number: without a personal identity number or coordination number a bank will hardly open an account.
Personal identity number or coordination number
| Number | Who gets it | What it gives at the bank |
|---|---|---|
| Personal identity number | people registered in the country who plan to live in Sweden for at least a year | full access to accounts, electronic ID and mobile transfers |
| Coordination number | people not registered in the country, for example working or owning a company from abroad; issued by the Tax Agency after an in-person ID check, valid for 5 years | some banks open an account, but with fewer services |
We will calculate online the cost of opening a personal account and maintaining it for a year.
Who can open a personal account
| Your status | Chances | What else the bank will ask |
|---|---|---|
| Resident with a personal identity number | high | ID, address, work or study |
| EU citizen who has just moved | high once the number is issued | registration in the country, employment contract |
| Foreigner with a work or study residence permit | high once the number is issued | residence permit, employment contract or enrolment |
| Owner of a Swedish company with a coordination number | medium | company documents, source of funds |
| Non-resident with no number or link to Sweden | low | an account is usually not opened |
Swedish banks must open a basic payment account for anyone legally resident in the EU. But a number and a Swedish address are still needed for salary, electronic ID and the full range of services.
Deposit protection and taxes
| Question | How it works |
|---|---|
| Deposit guarantee | since 1 January 2026, up to SEK 1,150,000 per person per bank, ~$114,600 |
| Interest for residents | taxed as capital income at 30%, reported by the bank to the Tax Agency |
| Interest for non-residents | not subject to Swedish tax |
| Currency | kronor; euro and dollar accounts are opened separately |
Dollar amounts are converted at the European Central Bank rate of 5 October 2026, about 10.04 kronor per dollar, and rounded up. The guarantee was raised from SEK 1,050,000 following the change in the euro exchange rate.
What the bank checks
- Passport or ID and a Swedish number.
- An address in Sweden and a basis for living there: work, study, a residence permit, EU citizen's rights.
- A questionnaire on the account's purpose, expected receipts and source of funds.
- Tax residence: foreigners' account details are passed to their countries.
- For Russian citizens without an EU residence permit, the EU regulation limit: the bank does not accept deposits above €100,000.
How the opening works
- Registration in the country and a personal identity number or coordination number from the Tax Agency.
- Choosing a bank, booking a meeting and completing the purpose questionnaire.
- Account opening, card, then the electronic ID and mobile transfers.
Getting a number takes from a few weeks to a few months, and an account with a number is usually opened within a few days.
Who gets refused
The bank will refuse if the client has no Swedish number or legal basis to live in the country, if the account's purpose and source of money are not documented, or if the client or their money is linked to sanctions. We check whether the bank works with Russian citizens before preparing documents.
What we do
Murblz specialists help with the basis for moving, registration and the number, choose a bank, prepare answers to the questionnaire and the explanation of the source of funds, and support the account opening. If you are opening a Swedish company, we prepare the personal account and the company account together. We fix the estimate in writing; the decision to open an account always rests with the bank.
What we do
- Personal account - opening assistance
See also
Company formation · Business account · Investment property · All country programs
FAQ
Can I open an account in Sweden without a personal identity number?
What is a coordination number?
Is money in a Swedish bank protected?
What tax applies to interest in Sweden?
Are there restrictions for Russian citizens?
How much does it cost to open an account with your help?
Want to open a personal account in Sweden?
We work out whether a Swedish bank will open an account without a local personal identity number, prepare the documents and follow the review. Every country is in the searchable catalogue.
The Murblz consultant replies straight away in the chat on this page. Describe your situation and we will work it out together.
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