๐ณ Banking & Finance
Before You Start
Banking in Stockholm is reliable and modern, with a range of traditional banks and digital fintechs available to residents and newcomers. To open a bank account, you'll generally need a Swedish personal identity number (personnummer), a valid passport, and sometimes proof of address. Accounts can be opened in person at branches, and in some cases, online or via mobile apps.
Blocked Accounts for Students
Sweden does not require a blocked (Sperrkonto) account for student visa applicants. Students are generally expected to show proof of funds in other forms, rather than through a special blocked account at a Swedish bank.
Which Bank Should I Choose?
When choosing a bank in Stockholm, consider whether you need English support, digital banking features, and low fees. International expats often find starting with a digital bank easiest, then switching to a major Swedish bank once you have a personnummer.
Banking Options
Expat-Friendly Banks
Expats often choose banks with English-speaking services and digital options. Several banks are accustomed to helping newcomers, though having a personnummer will speed up the process. Some digital banks and fintechs also allow account opening before you receive your personal identity number.
English-Speaking Banks
Most major Swedish banks provide online banking and customer service in English. Some banks offer contracts and smartphone apps fully in English, making life easier for non-Swedish speakers.
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