A multi currency account lets a Swedish business hold, receive and convert several currencies from one account, often with local account details to get paid like a local. The Swedish krona is the home currency, and many local businesses also handle the euro, US dollar and British pound. As of 21 January 2026, Wise Business and Revolut Business are built around this, while some Swedish banks hold foreign currency on a business account.
- Currencies held
- Wise Business holds and receives many currencies, Revolut Business holds several on its plans, alongside the Swedish krona
- Conversion margin
- Mid market rate plus a fee on Wise Business, a monthly allowance then a fee on Revolut Business, as of 21 January 2026
- Can a non resident open
- Possible where the business is registered in Sweden. Verify with the provider.
- Most providers
- Several business accounts
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
How multi currency accounts work in Sweden
A multi currency account gives a Swedish business one place to hold balances in several currencies, receive payments through local account details, and convert when the rate suits rather than on every incoming payment. This helps businesses that earn or spend outside the krona avoid converting twice and avoid surprise conversion at a default rate. Sweden sits inside the European Economic Area but keeps its own currency, so a typical local business holds kronor for home costs and the euro, US dollar or British pound for trade. The currencies supported and the conversion margin vary by provider.
Holding and receiving currencies
As of 21 January 2026, Wise Business holds and receives many currencies and provides local account details across several of them after a one time fee to open. Revolut Business holds several currencies on its plans and offers local details depending on the plan and country. Airwallex also serves businesses across the European Economic Area with multi currency collection. Some traditional Swedish banks let a business hold foreign currency on an account but with fewer local details. Verify the current currency list with the provider.
Conversion costs
Conversion is where multi currency accounts differ most. As of 21 January 2026, Wise Business converts at the mid market rate plus a fee that varies by currency, and Revolut Business gives a monthly exchange allowance then a fee above it. Traditional banks usually apply their own spread on the krona conversion. Confirm the current margin and any allowance with the provider.
What to check on a multi currency account
When comparing multi currency accounts in Sweden, check these points, as of 21 January 2026. Verify with the provider
- Which currencies you can hold and receive, and whether you get local account details for them.
- The conversion margin on the currencies you actually use, often the euro, US dollar or British pound against the krona, and any minimum or fixed fee.
- Any setup fee or monthly fee, and the conditions that waive it.
How to compare multi currency accounts
- List the currencies you receive and pay in, and your monthly conversion volume in and out of the krona.
- Compare the conversion margin and any setup or monthly fee on those specific currencies.
- Confirm the current supported currencies and rate card with the provider before you apply.
Compare business accounts available in Sweden
These providers offer multi currency business accounts to customers in Sweden. Fees and eligibility shown as of 21 January 2026. Confirm current terms with the provider before applying.
Compare business accounts →Questions about business banking in Sweden
What is a multi currency business account in Sweden?
Which providers offer multi currency accounts in Sweden?
How much does currency conversion cost?
Do I get local account details in other currencies?
Fees, features, and eligibility change and vary by region. This page was last reviewed on 21 January 2026. Confirm current terms with the provider before applying.