How to Send Money to Sweden from Canada?

Last Updated: 27 Jul 2024

Sending money abroad comes with expenses. When sending money to Sweden, opting for a currency specialist like MTFX is the most effective way to minimize these costs and avoid the fees charged by banks.

With its unrestricted property purchases for foreigners, an ideal destination for studying or travelling, Sweden has numerous opportunities. Canadian businesses further contribute to Sweden's thriving economy by importing significant quantities of machinery, pharmaceuticals, electricals, and other goods from Swedish suppliers, amounting to billions of dollars.

Whether you dream of owning a charming Swedish Falu-red cottage nestled amidst picturesque landscapes or envision a romantic Scandinavian destination wedding under the ethereal Northern Lights, the journey begins with sending money to Sweden from Canada.

To ensure seamless international money transfers, the wisest and most optimal approach lies in utilizing a reputable transfer service that offers competitive exchange rates, low transfer fees, and overall convenience.

How to transfer money from Canada to Sweden?

Sending money from Canada to Sweden typically involves choosing between an online money transfer service or relying on a traditional bank. Here's a simple guide to walk you through the process:

Select your method: If you prioritize speed and convenience, opt for an online money transfer service. However, using your bank or a pre-paid card may be suitable if you prefer a conventional approach and don't require immediate funds.

Collect necessary information: Depending on your chosen method, gather the required details to complete the transaction. For instance, you'll need the recipient’s bank details and contact information for online transfers or bank transactions.

Initiate the transfer: Once you have all the necessary information, proceed to initiate the transfer. Depending on your chosen method, transfer times vary from one day to one week.

Track your transfer: After initiating the transfer, monitor its progress to ensure it reaches its destination. Most online services offer tracking options; your bank may also provide tracking assistance.

What is the best way to send money to Sweden?

There are numerous ways to send money, and the costs are often substantial, diminishing the value of your money. Besides uncompetitive exchange rates, you'll typically encounter expensive transfer fees and less-than-optimal transfer speeds.

A superior alternative is opting for a specialist foreign exchange service like MTFX, which offers numerous benefits. This cost-effective option grants access to competitive exchange rates and low transfer fees.

This service ensures faster deliveries, with transfers reaching their destination within 24-48 hours. Additionally, your secure online account is the perfect gateway to convenient, safe, and efficient overseas foreign exchange payments, available anytime and anywhere.

What is a reasonable SEK/CAD exchange rate?

Securing a favourable exchange rate becomes crucial when transferring money to Sweden to maximize savings. MTFX is an excellent option as it consistently offers exchange rates 3-5% lower than banks. By choosing MTFX, you could save up to $1,500 on every $30,000 transferred. To take things up a notch, you can also use MTFX's range of foreign exchange tools to streamline the process and enhance your overall experience.

Start using the live rate currency calculator to match the Canadian dollar to the Swedish Krona. Discover how your dollars convert before initiating your transfer.

Who can use MTFX to transfer money to Sweden?

As a Canadian, you can open a personal or business account with MTFX to transfer money to Sweden.

Individuals

Your account enables you to send money to family and friends abroad. You can also transfer money to your Swedish bank account to cover the cost of living, tuition, or investments in Sweden.

Companies

Your business account lets you send payments to suppliers, pay salaries, or make various business investments by depositing money in a Swedish bank account.

What bank details are needed to transfer money to Sweden?

You need the following details to transfer money to Sweden from Canada:

Beneficiary's name
Beneficiary's account number
Beneficiary's contact details
Bank's name
Bank's Swift code
Bank's address
Reason(s) for transfer

Make sure to provide all the necessary information to ensure a smooth transaction.

Can I set up a regular money transfer to Sweden?

Once your business account is established with MTFX, scheduling money transfers to Sweden becomes effortless. Our platform harnesses state-of-the-art automation technology, simplifying your payment process. Enjoy the convenience of accessibility from anywhere, at any time, while our secure and efficient transaction processing ensures swift transfers.

How to send money to Sweden from Canada with MTFX?

You can easily send money to Sweden from Canada by following the steps below:

Visit our website.
Register with the necessary information.
Specify the amount you wish to send and review the fees and exchange rates (CAD/SEK).
Entrust the task to MTFX, and they will take care of the rest.

Send money to Sweden today

Transferring via MTFX is a package deal with competitive exchange rates, low transfer fees, foreign exchange tools, and expert guidance. That means more savings in your wallet and less hassle with every overseas payment.

Ready to start making the most of your money? Register an account today with MTFX to send money to Sweden conveniently and efficiently.

FAQs

1. How to send money online to Sweden?

Here are a few steps to follow when you want to transfer money to Sweden:

Open a free online account with MTFX, which takes less than five minutes. If you haven't already, add funds to your account by making a bank transfer or using a bill payment option.
Set up your transfer by inputting the recipient's details and the amount you wish to transfer and selecting the currency pair (CAD/SEK).
Initiate and track your transfer online. Your transfer should arrive within 24-48 hours, making it a quick and efficient way to send payment to Sweden.

2. How long does sending money from Canada to Sweden take?

When using MTFX for money transfers from Canada to Sweden, your beneficiary typically receives the funds within 24-48 hours. Same-day options are available for instant transfers, while for less urgent transfers, MTFX offers low-cost in-country payment services.

3. How much does it cost to transfer money to Sweden?

With MTFX, you can send money abroad for as little as $15 in transfer fees. Plus, transactions over $10,000 incur no additional costs, making MTFX significantly more affordable than banks, which may charge up to $50 for the same service.

4. Is it safe to send money to Sweden from Canada online?

MTFX is officially registered and regulated by FINTRAC, guaranteeing the highest levels of safety and security when sending funds abroad.