Sweden · Freelancers and Sole Traders

Best business accounts for Freelancers and Sole Traders in Sweden

Snapshot

Freelancers and sole traders in Sweden, often running an enskild firma, can pick between low cost online accounts and a traditional Swedish bank. Revolut and Wise Business suit those who invoice or pay across currencies, while a Swedish bank such as SEB, Swedbank or Handelsbanken gives a local account with Bankgiro and Swish for business. Many freelancers keep business money separate even when the law does not require a dedicated account.

Suits Freelancers and Sole Traders best
Depends on how you work. Online providers suit cross border invoicing and low fixed costs, while a Swedish bank suits those who want a local account with Bankgiro and Swish for business.
Typical monthly fee
From zero on a free or basic plan up to a few hundred kronor a month at a traditional bank, depending on the package, as of 10 March 2026.
Non resident position
Possible with full identity checks. Swedish banks usually ask for BankID and may want a branch visit, while electronic money providers may accept European Economic Area registered businesses. Unclear cases, verify with the provider.
Providers that fit
Several. At least three providers fit this profile in Sweden.
Fees and features as of 10 March 2026Last reviewed 10 March 2026

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

As a freelancer or sole trader in Sweden you do not always need a separate business account by law, but keeping business money apart makes bookkeeping and value added tax records cleaner. Revolut offers a simple account for solo ventures and a fuller Revolut Business for registered firms, Wise Business helps you invoice and get paid in several currencies at the mid market rate, and a traditional Swedish bank gives a local account with Bankgiro and Swish for business. Fees and features below are shown as of 10 March 2026, so confirm current terms with the provider.

What Freelancers and Sole Traders in Sweden need from a business account

A freelancer or sole trader usually wants low fixed costs, simple invoicing, clean records for income tax and value added tax, and a card for business spend. Cash handling rarely matters, which is why online accounts fit many solo businesses. A traditional Swedish bank still helps where local payment services such as Bankgiro and Swish for business, lending, or branch support are needed. Confirm the current terms and any eligibility limits with each provider before you apply.

Revolut Business
A simple account for solo ventures plus a fuller Revolut Business for registered firms, opened online with cards and budgeting tools. Support is mainly in app.
Best for
Low cost solo use
Monthly fee
Free basic plan, paid plans from a monthly fee
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Wise Business
Holds and converts many currencies at the mid market rate, useful for invoicing clients abroad. Not a full local Swedish bank account.
Best for
Cross border invoicing
Monthly fee
No monthly fee, a one time setup fee about 50 euros
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Airwallex
Swedish krona account with local details plus other currencies, useful for collecting from clients abroad.
Best for
Collecting in several currencies
Monthly fee
Plan based pricing, a foreign exchange spread above the interbank rate
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Compare accounts for Freelancers and Sole Traders in Sweden

These providers accept freelancers and sole traders in Sweden, subject to their own checks. Fees and eligibility shown as of 10 March 2026. Confirm current terms with the provider before applying.

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Questions about banking for Freelancers and Sole Traders in Sweden

Do freelancers in Sweden need a separate business account?
Not always. A sole trader running an enskild firma can in principle use a personal account, but a dedicated business account keeps income, value added tax and expenses separate and makes bookkeeping easier. Some banks require a business account for business use. Confirm the current rules with your bank and your accountant. This is general information, not advice.
What does a freelancer business account cost in Sweden?
It varies. Online providers offer free or low cost plans with usage based charges, while a traditional Swedish bank may charge a monthly or annual package fee from zero up to a few hundred kronor, as of 10 March 2026. Verify current pricing with the provider.
Can I get paid in foreign currency as a Swedish freelancer?
Yes. Wise Business, Revolut and Airwallex let you hold and convert several currencies, which helps if you invoice clients abroad. Conversion costs and allowances differ by provider and plan. Verify the current foreign exchange terms with the provider before applying.
Does the account support Swish for business and Bankgiro?
A local account at a Swedish bank such as SEB or Swedbank can support Swish for business and Bankgiro. Electronic money providers are limited for these local Swedish services. Confirm local payment support with the provider, since policies change.

Fees, features, and eligibility change and vary by region. This page was last reviewed on 10 March 2026. Confirm current terms with the provider before applying.

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