What is the ECB and the ECB reference rate?

The European Central Bank (ECB) is a central bank for the EU member countries that are using euro as their currency. The ECB is, among other things, responsible for price stability and to ensure the value of the euro in collaboration with the national central banks within the Euro zone. The ECB publishes reference rates for EEA currencies on a daily basis. These rates are not used for transactions, they are published only as reference currency rates to help customers comparing currency exchange fees.

What is an EEA currency?

The European Economic Area (EEA) consists of the member states of the European Union (EU), as well as Iceland, Liechtenstein and Norway. EEA currencies are the euro (EUR) and other national currencies of EEA countries. The following currencies are EEA currencies: Euro (EUR) Forint (HUF), Hungary Franc (CHF), Liechtenstein Leu (RON), Romania Leva (BNG), Bulgaria Koruna (CZK), Czech republic Krona (DDK), Denmark Krona (ISK), Iceland Krona (NOK), Norway Krona (SEK), Sweden Kuna (HRK), Croatia Zloty (PLN), Poland

Why does the Bank have a currency exchange calculator to compare currency exchange fees?

The reason is a new EU regulation for cross-border payments. The purpose is to make it easier for you, as a customer, to compare the total currency exchange surcharge when making a purchase or withdrawal in another EEA currency than Swedish kronor. You compare in relation to the ECB reference rate. The surcharge varies depending on ECB's current exchange rates.

Why do I receive a notification regarding the currency exchange surcharge?

According to a new EU regulation, the Bank is obliged to send an electronic message to you when you have made a card purchase or withdrawal in another EEA currency than Swedish kronor.

Will I receive notifications for card transactions all-over the world?

Notifications will be sent for card purchases and withdrawals in another EEA currency than Swedish kronor. Regardless of where in the world the transaction has taken place.

How do I turn on or off notifications in my mobile phone?

As a customer you can always choose to turn on or off notifications from the Bank. You do that under settings in your mobile or tablet. Just remember that if you turn off notifications, you could risk missing important information from the Bank.

Currency exchange calculator – calculate exchange fee

Card purchase or cash withdrawal within EEA? Here you can compare the currency exchange rate and surcharge compared to ECB's reference rate.

Good to know when using the currency exchange calculator

When to use the calculator?

When making purchases abroad in another currency, you may be offered to pay for your purchase in Swedish kronor. Then it may be worth comparing that amount against the Bank's amount and fees.

What is the Bank's currency exchange surcharge?

The Bank's currency exchange fee is as previously announced 1.65 percent on all personal cards and 2 percent for corporate cards. The reference surcharge may however go up or down depending on the ECB reference rates.

What is the exchange rate indicated?

The ECB publishes reference rates for EEA currencies on a daily basis. These rates are not used for transactions, they are published only as reference currency rates to help you as a customer compare currency exchange fees.

Important to know about exchange rates and our calculator

To make it easier for you to compare our currency exchange fee, we present the currency exchange fee expressed in relation to the European Central Bank's (ECB) reference rate. The exchange rate you see is not the one you get when you make your purchase.

The exchange rate used at the time of purchase is always preliminary. Keep in mind that the exchange rate is set on the day the transaction is processed and that it may be a different day than the day you make the transaction.

As the actual currency exchange surcharge – the fee – depends on the exchange rate, it may differ from what you see in the calculator.

Card purchase

Cash withdrawal

Enter amount

Select the information in the calculator to estimate the cost of your transaction in Swedish Crowns.

The European Central Bank (ECB) is a central bank for the EU member countries that are using euro as their currency. The ECB is, among other things, responsible for price stability and to ensure the value of the euro in collaboration with the national central banks within the Euro zone.

The ECB publishes reference rates for EEA currencies on a daily basis. These rates are not used for transactions, they are published only as reference currency rates to help customers comparing currency exchange fees.
The European Economic Area (EEA) consists of the member states of the European Union (EU), as well as Iceland, Liechtenstein and Norway.

EEA currencies are the euro (EUR) and other national currencies of EEA countries. The following currencies are EEA currencies:
- Euro (EUR)
- Forint (HUF), Hungary
- Franc (CHF), Liechtenstein
- Leu (RON), Romania
- Leva (BNG), Bulgaria
- Koruna (CZK), Czech republic
- Krona (DDK), Denmark
- Krona (ISK), Iceland
- Krona (NOK), Norway
- Krona (SEK), Sweden
- Kuna (HRK), Croatia
- Zloty (PLN), Poland
The reason is a new EU regulation for cross-border payments. The purpose is to make it easier for you, as a customer, to compare the total currency exchange surcharge when making a purchase or withdrawal in another EEA currency than Swedish kronor. You compare in relation to the ECB reference rate. The surcharge varies depending on ECB's current exchange rates.
According to a new EU regulation, the Bank is obliged to send an electronic message to you when you have made a card purchase or withdrawal in another EEA currency than Swedish kronor.
Notifications will be sent for card purchases and withdrawals in another EEA currency than Swedish kronor. Regardless of where in the world the transaction has taken place.
As a customer you can always choose to turn on or off notifications from the Bank. You do that under settings in your mobile or tablet. Just remember that if you turn off notifications, you could risk missing important information from the Bank.