ICA Banken – SEK Exchange Rates

ICA Banken overseas euro money transfer alternatives

Beat ICA Banken exchange rates when making a Swedish krona (SEK) money transfer to or from an overseas bank and your account in Sweden – (Expats also use this service to send Swedish krona, euros, UK pounds and other popular currencies back to their Swedish accounts at ICA Banken).

ICA Banken – Swedish Krona (SEK) vs European Currency Exchange Rates

POPULAR SEK EXCHANGE RATES – CHF CZK DKK EUR GBP HUF NOK PLN

UK pound sterling (GBP) to Swedish krona (SEK) currency rates are updated daily at 09:00 GMT.

Exchange rates can sometimes change and sadly banks do not always inform us when they alter them (especially if they raise exchange rates, rather than lower them). A lower foreign exchange rate will typically get you a better deal when sending money to/from Swedish krona. The recommended foreign exchange companies listed on our website can save you money and time with your international currency transfer requirements.

About ICA Banken

ICA Banken is a Swedish bank established in 2002 and is owned by the retail chain ICA AB and provides financial services to Swedish customers. ICA Banken offers a complete range of bank services for Swedish private individuals, including savings accounts and mutual fund solutions. ICA Banken has no actual bank branches – instead all banking services are offered either at Swedish ICA stores or online.

UK Pound & Krona Transfer to/from ICA Banken in Sweden

Making a transfer to or from Swedish krona using a bank service could potentially lose you thousands of pounds due to the poor FX margin rate offered. Private currency brokers offer a much more competitive rate of exchange. Example: Currency broker TorFX are one of the UK’s leading and largest foreign currency exchange specialists assisting private individuals and businesses with their foreign currency transfers to and from most countries worldwide.

UK bank to ICA Banken account v Currency Brokers

1: Bank money transfer information: For overseas money transfers, you will need to be an existing bank account holder with this provider to use their services. General Guidelines – High street banks also charge a commission fee when sending money abroad into another currency – Private brokers offer commission free currency transfers typically over a value of £5000 or Swedish krona. Bank transfer commission fees range from £15 to £30 depending on the bank.

2: Unless you pay a premium, high street banks will take from 3 to 7 days for your funds to arrive at the destination bank. Private foreign exchange companies typically complete the transaction between 1 to 3 days.

Sending Money Abroad with ICA Banken

To transfer funds abroad from your ICA Banken account, you have to give the beneficiary’s IBAN and BIC to the bank. International transfer requests can be submitted by fax as long as you have signed a request at your local ICA Banken branch.