ICA BANKEN – SEK vs GBP/EUR EXCHANGE RATES
Compare ICA Banken SEK currency transfer options to/from Sweden. You can beat ICA Banken exchange rates when making a Swedish krona international money transfer or overseas payment, save time, money and get the best deal.
| ICA banken | SEK to GBP | SEK to EUR | Minimum Transfer + Fee | TrustScore (Trustpilot) | More Details |
|---|---|---|---|---|---|
| Currencies Direct | £0.077 to £0.077 | €0.089 to €0.09 |  |  | |
| TorFX | £0.077 | €0.09 |  | | |
| Wise | £0.077 to £0.077 | €0.09 to €0.09 |  | | |
| ICA banken | £0.074 | €0.086 | |  |  |
ICA Banken International Money Transfers
International currency transfers to or from your ICA Banken account in Swedish krona, UK pounds, the euro and many other popular currencies will involve a margin or exchange rate of around 5.0% and additional bank transaction or commission fees may apply.
ICA Banken international currency transfer rates are much higher than most money transfer providers (money transfer providers rates range between 0.45 to 1.0%).
Currency Transfer Alternatives – ICA Banken
Sending foreign currency to or from your ICA Banken account in Sweden needn’t be a complex matter, moreover, you can save time and money when you use a specialist currency broker instead.
Specialist foreign exchange companies including our recommended providers here can save you money and time on the transaction. Our recommendations are based on international coverage and office locations together with the lowest foreign exchange margin rates offered.
Example: A typical overseas currency transfer of 1,000,000 Swedish krona (SEK) using ICA Banken services would have a transaction exchange rate margin of around 5.0% – or 50,000 SEK. Using a specialist broker, in this example TorFX – the exchange rate margin would work out at 0.7% – or only 7,000 SEK in total, which is a large saving over the bank service.
ICA Banken – Other Useful Information
International money transfers from ICA Banken could take longer to arrive than using a private currency exchange provider and you will also need to be an existing ICA Banken account holder to use their services. ICA Banken may additionally charge a flat rate commission fee when sending money abroad into another currency and bank transfer commission fees vary depending on the amount you need to transfer. Private brokers offer commission free currency transfers, typically over a value of £5000 (or 50,000 SEK).
Unless you pay a premium, ICA Banken’s service will take from 5 to 7 days for your funds to arrive at the destination bank. Private foreign exchange companies typically complete the transaction either same day, or next day.
ICA Banken, Sweden – About
ICA Banken is a Swedish bank created in 2002 and is owned by the retail chain ICA AB. The bank has over 500,000 customers in Sweden. ICA Banken makes it easier for local customers of ICA’s Swedish stores to manage their finances and in the process strengthens their ties to ICA.
ICA Banken branch finder
Find ICA Banken branch addresses near you with our geolocation map search. Simply enter the bank name (and optionally a city or country) and the map will display the closest ICA branches in your search area results.
Contact ICA Banken from abroad
You can find answers to everyday banking questions at ICA online. If you can’t find the answer you’re looking for, you can call them from outside Sweden on +46 033 47 47 90
ICA Banken – Head office address
ICA Banken AB – Svetsarvägen 16, 171 41 Solna, Sweden
Still have questions?
Doing some research and evaluating options will ultimately save you time and money: Compare money transfer providers
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