Handelsbanken International Money Transfer: If you need to send money abroad, Handelsbanken provides a secure and efficient international money transfer service. Whether you are making a personal transfer or handling business transactions, Handelsbanken allows you to send money in various currencies through its online banking platform.
Here’s everything you need to know about Handelsbanken international money transfers, including exchange fees, benefits, and transfer fees.
Table of contents
- Overview of Handelsbanken International Monet Transfers
- Benefits of Using Handelsbanken for International Transfers
- How to Send Money Internationally with Handelsbanken?
- How Quickly Can You Send Money with Handelsbanken?
- Processing Time for Handelsbanken International Money Transfer?
- Fees for Handelsbanken International Transfers
- Key Regulations for Cross-Border Payments
- How to Use Svenska Handelsbanken to Send Money to Norway?
- Type of Cross-Border Payment
- Important Considerations to Complete the Transfer
- FAQs
Overview of Handelsbanken International Monet Transfers
Handelsbanken offers a secure and efficient way to send money abroad, allowing users to transfer funds in multiple currencies with different speed options. Below is a quick overview of its international money transfer service:
| Feature | Details |
| Supported Currencies | Multiple currencies including SEK, EUR, NOK, and others. |
| Time to Complete Transfers | SEPA & EUR Payments: Same day or next day; Normal Transfers: 2-3 days; Express Transfers: 1 day. |
| Fees and Charges | SEPA & EUR Payments: Free online; Normal Transfers: SEK 60 (online), SEK 300 (branch); Express Transfers: SEK 350 (online), SEK 550 (branch). |
| Restricted Countries | Some countries may be restricted due to banking regulations; check with Handelsbanken for details. |
| Transfer Limit | Charges |
Benefits of Using Handelsbanken for International Transfers
Using Handelsbanken for international money transfers comes with multiple advantages that make cross-border transactions smooth and hassle-free. Whether you need to send money quickly or at the lowest cost, Handelsbanken provides flexible options to suit your needs.
- Flexible Payment Options: Choose between Normal, Express, SEPA, and other payment types.
- Secure & Reliable: Handelsbanken ensures safe and compliant cross-border transactions.
- Multiple Currency Options: You can send money in various currencies through online banking.
- Real-Time Tracking: Thanks to SWIFT GPI, you can monitor the status of your transfer.
How to Send Money Internationally with Handelsbanken?
Handelsbanken offers a simple process to send money abroad through online banking. Here’s what you need to do:
- Receive Confirmation: Once the payment is processed, you will receive a confirmation receipt in your online banking mailbox.
- Gather Required Information: Before making a transfer, ensure you have the beneficiary’s name, address, IBAN (International Bank Account Number), and either their BIC (SWIFT code) or national bank ID.
- Log in to Online Banking: Access your Handelsbanken online banking account and create the international payment.
- Choose the Payment Type: Depending on how quickly you want the funds to arrive, you can select standard, express, or SEPA payment options.
Also Read: Bank of Baroda International Transfer
How Quickly Can You Send Money with Handelsbanken?
With Handelsbanken International Transfer, sending money will take a certain amount of time depending on:
Where you are transferring the funds
Some currencies may require more time to receive money than others. For a rough estimate for the majority of world currencies, see our comparison table above.
Your chosen mode of payment
The fastest method of funding your transfers is typically using a debit or credit card, albeit this can result in additional fees.
When you transfer funds
If you miss a bank’s cut-off time, your money transfer may take longer. Cut-off times vary among banks. The length of your money transfer may also be impacted by weekends and bank holidays.
Processing Time for Handelsbanken International Money Transfer?
The time taken for the funds to reach the beneficiary depends on the payment type selected:
| Payment Type | Processing Time | Online Fee (SEK) | Branch Fee (SEK) |
|---|---|---|---|
| SEPA Payment | Same day (before 15:00) or next day | 0 | 150 |
| EUR Payment in EUR | Within 1 banking day | 0 | 150 |
| EU Payment in SEK | Within 2 banking days | 0 | 150 |
| Normal Payment | 2-3 banking days | 60 | 300 |
| Express Payment | 1 banking day | 350 | 550 |
| Nordic Customer Payment | Same day/next day | 0 | 40 |
If you need an urgent transfer, the Express option ensures faster delivery, but it comes with higher fees.
Fees for Handelsbanken International Transfers
Depending on where you are sending money from and to, Handelsbanken’s international money transfer fees will vary. Here are the fees and charges for Handelsbanken money transfers abroad.
Incoming Payments – EU/SEPA and Nordic transfers are free, while Normal and Express payments incur a SEK 60 charge.
SEPA, EUR, and Nordic Payments – Free for online transactions.
Normal Transfers – SEK 60 online, SEK 300 at a branch.
Express Transfers – SEK 350 online, SEK 550 at a branch.
Paying Beneficiary Fees (OUR Charges) – An Additional SEK 250 if you choose to cover the recipient’s bank fees.
Additional fees may apply depending on the payment option you choose. The most affordable choice is typically a bank transfer, especially when compared to using a credit or debit card. In this comparison, we use the bank transfer technique to compare the costs.
Also Read: KeyBank International Wire Transfer
Key Regulations for Cross-Border Payments
Handelsbanken follows the Swedish Payment Services Act, which regulates transaction costs, processing times, and customer rights in case of delays or errors.
Additionally, the bank is a part of the SWIFT Global Payment Initiative (GPI), allowing customers to track payments in real time and receive confirmation upon successful transfer.
How to Use Svenska Handelsbanken to Send Money to Norway?
Below are the steps for Handelsbanken International Transfer to send money to Norway:
- You may quickly create a free account and a private Wallet.
- Complete the information on your profile, including your name, address, and line of work.
- Give the name, address, and account number of your recipient’s bank account.
- Verify the exchange rate between CAD and NOK, then input the transfer amount, pick a payment method, and complete the transaction. Payment method fees are unaffected by the conversion rate.
- Now you can relax. You’ll get an email notification when the transfer is finished.
Type of Cross-Border Payment
Below mentioned is the type of cross-border payment for Handelsbanken International Transfer:
| Type of cross-border payment | At Beneficiary Bank | Cost |
| Express | Within 1 banking day | Online SEK 350 (INR 2,788)Branch SEK 450 (INR 3,585) |
| EU Payment/ SEPA payment in EUR | Within 2 banking days | Online SEK 0Branch SEK 75 (INR 597) |
| Nordic Customer Payment | Same day or at least 1 banking day | Online SEK 0Branch SEK 40 (INR 318) |
| Normal | Within 2-3 banking days | Online SEK 60 (INR 478)Branch SEK 150 ( INR 1,195) |
| EU Payment in SEK | Within 2 banking days | Online SEK 0Branch SEK 75 (INR 597) |
Must Check Out: Union Bank International Wire Transfer
Important Considerations to Complete the Transfer
Follow these steps to finish Handelsbanken International Transfer of money from one bank account to another:
- Name of the recipient – Confirm that the name on the account and the name on the bank statement match. completing this step will prevent transfer delays.
- We can identify the sender thanks to the recipient’s address.
- Direct deposits call for a routing number.
- The right bank account can be found using the account number.
FAQs
Handelsbanken supports multiple currencies, including SEK, EUR, NOK, and others.
The transfer time depends on the payment type:
SEPA & EUR Payments – Same day or next day
Normal Transfers – 2-3 banking days
Express Transfers – 1 banking day
SEPA & EUR Payments – Free (online), SEK 150 (branch)
Normal Transfers – SEK 60 (online), SEK 300 (branch)
Express Transfers – SEK 350 (online), SEK 550 (branch)
Yes, Handelsbanken is a part of the SWIFT Global Payment Initiative (GPI), allowing customers to track transfers in real time.
For same-day processing, SEPA payments should be made before 15:00 (3:00 PM) local banking time.
Yes, some countries may have restrictions due to banking regulations. It is advisable to check with Handelsbanken before making a transfer.
The SEPA & EUR payments are free for online transfers, making them the most cost-effective option.
Yes, but branch transactions incur higher fees compared to online transfers.
Paying Beneficiary Fees (OUR Charges) – SEK 250 if you choose to cover the recipient’s bank fees.
Additional fees may apply based on the payment method used (e.g., credit/debit card).
To send money to Norway, follow these steps:
– Log in to Handelsbanken online banking.
– Enter the recipient’s details (name, address, IBAN, and SWIFT/BIC).
– Select the transfer type (SEPA, Normal, or Express).
– Confirm the exchange rate and fees.
– Complete the payment and receive a confirmation receipt.
To learn more about bank accounts for students, the best education loans, forex, banking experience for global students, or international money transfers, reach out to our experts at 1800572126 to help ease your experience with studying abroad.
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