No BankID? How to Make Transactions in Sweden with Wise

If you’re new to Sweden, you’ll quickly notice how essential BankID is for everyday life. From opening local bank accounts to signing digital contracts, BankID is the default authentication tool. But what if you don’t have a Swedish personal number yet and can’t get BankID?

Don’t worry, you can still make secure, convenient transactions in Sweden using alternative services like Wise (formerly TransferWise). This guide shows you how to spend like a local without needing the national e-ID system.

Quick Facts

  • Best for: Newcomers, tourists, international students, and expats awaiting their personal number
  • Primary solution: Wise Multi-Currency Account and Debit Card
  • Key advantage: Hold and spend Swedish Krona (SEK) directly with mid-market exchange rates
  • Mobile compatibility: Works seamlessly with Google Pay and Apple Pay for contactless payments

1. Why Wise Works Without BankID

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Wise is a global financial service that allows you to open a multi-currency account using your foreign passport. Unlike Swedish banks (SEB, Swedbank, etc.), they do not require a Swedish “personnummer” or BankID to get started.

The Strategy:

  • You can open a “SEK Balance” within your Wise account.
  • You can top up this balance with your home currency (USD, EUR, etc.).
  • When you pay in a Swedish store, Wise uses your SEK balance first, avoiding the 1-3% foreign transaction fees charged by traditional banks.

2. Step-by-Step Guide: Spending in Sweden

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Step 1: Open a Wise Account

Sign up on the Wise website or mobile app. You will need to verify your identity with a photo of your passport or national ID card from your home country.

Step 2: Order a Physical or Virtual Card

Request the Wise Debit Card. While you wait for the physical card to arrive by mail, you can often generate a Virtual Card immediately in the app.

Add your Wise card to your phone’s digital wallet. In Sweden, almost 99% of terminals are contactless. You can pay for groceries, SL tickets, and restaurants by simply tapping your phone.

Step 4: Convert your money to SEK

Inside the Wise app, convert some of your funds into Swedish Krona (SEK). By “holding” SEK, you ensure you aren’t surprised by fluctuating exchange rates at the register.

3. Other Alternatives for Newcomers

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If Wise isn’t an option for you, consider these other BankID-free solutions:

  • Revolut: Similar to Wise, Revolut offers great exchange rates and works well in Sweden.
  • Cash (Limited): While Sweden is famously “cashless,” some larger supermarkets still accept cash. However, be aware that many cafes and small shops are “Kontantfri” (no cash).
  • Prepaid SL Cards: You can buy a physical SL card with cash or a foreign card and load it with travel time, so you don’t need to use an app for every trip.

Frequently Asked Questions

Is it possible to pay for rent without BankID?
This is more difficult as most landlords use “Plusgiro” or “Bankgiro”. However, services like Wise allow you to make local bank transfers to Swedish accounts using the recipient’s IBAN.

Can I use Swish without BankID?
No. Swish is strictly tied to a Swedish bank account and BankID. You cannot use it without them.

Does the Wise card work at the supermarket?
Yes, Wise works at all major retailers like ICA, Willys, and Hemköp, as well as on all public transport.

Final Thoughts

While BankID is deeply embedded in Swedish society, it is not a barrier to enjoying the city. With Wise and a smartphone, you can handle almost all your daily financial needs from day one. By the time you get your personal number and BankID, you’ll already be navigating the city like a pro.

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