Euro into a Swedish account, not krona
Sweden kept the krona, and Grey does not convert to it. What reaches your recipient's Swedish IBAN is a euro credit sent through SEPA, and their own bank decides whether to hold that euro or change it into krona. This works cleanly for some people on this route and badly for others, so it is worth being clear about which you are before you send anything.
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The Ireland to Sweden route, described honestly
Sweden is in the European Union and in SEPA, but not in the euro. That combination is what makes this corridor unusual. The payment itself is straightforward, a euro credit landing at Swedbank, Handelsbanken or SEB Sweden like any other European transfer. What Grey does not do is turn your euro into krona first.
The people moving money along this route from Ireland are mostly two groups. Irish professionals who went to Stockholm, Gothenburg or Malmo for work in tech, engineering or life sciences and still have euro income or euro obligations. And Irish companies paying Swedish suppliers, consultants and agencies, where the invoice has very often been raised in euro in the first place because the Swedish side sells across Europe.
For those cases the euro credit is not a compromise, it is exactly what is wanted. An invoice denominated in euro is settled in euro, with no conversion for anyone to argue about and no rate to reconcile at either end.
It is the wrong tool if a person in Sweden needs a known number of krona on a known day. Rent, a bill, a nursery fee: those are krona amounts, and converting the euro to krona is something the receiving Swedish bank does at its own rate, after the money lands. Ask before you send whether the account you are paying holds euro, or whether everything gets converted the moment it arrives.
Sending to Sweden from an Irish account
Set up Grey
A free account, roughly five minutes on your phone, and one valid identity document. Nothing Swedish is needed at this stage.
Hold euro
Fund your euro balance by SEPA transfer from AIB, Bank of Ireland, Permanent TSB, An Post Money, your credit union or Revolut.
Pay the Swedish IBAN
Ask for the IBAN, which begins with SE, rather than the domestic clearing and account numbers. Confirm the euro figure and the fee, then send.
What sending euro to Sweden costs
The cost that is out of everyone's hands sits at the Swedish end. If the receiving account converts the euro into krona, that conversion belongs to the Swedish bank and is priced by the Swedish bank. Nobody sending euro into a Swedish IBAN, Grey included, can tell you in advance what rate will be applied.
Which is why the first question on this corridor is about the account rather than about the price. A Swedish business invoicing in euro and holding a euro account pays nothing extra at all. A household converting everything to krona on arrival is paying a second, invisible cost, and should weigh that before setting up a monthly routine.
Fixing the figure before it leaves Ireland
If you hold sterling or dollars on Grey and want euro to go to Sweden, the rate for that conversion is shown before confirmation and fixed at that point. The euro amount that leaves the balance is the euro amount credited to the Swedish account.
What cannot be fixed from Ireland is any krona figure, because Grey never touches krona on this route. If you have agreed an amount in krona with someone in Sweden, the safer arrangement is to agree it in euro instead, so that both of you are talking about the number that actually moves.
Grey next to a euro payment from your Irish bank
An Irish bank can also send euro to a Swedish IBAN over SEPA, and on a single payment it is doing the same thing Grey does. Where the two diverge is around the payment rather than in it. Grey holds the euro between invoices, keeps sterling and dollars in the same place for anyone billing customers in more than one currency, saves the Swedish recipient so a repeat payment is short work, tracks each transfer from confirmation to settlement, and moves money free and instantly by GreyTag if the Swedish side is on Grey too. There is also a virtual Mastercard for the online purchases that tend to come with doing business in Sweden. If one euro payment a year to Stockholm is the whole of it, your bank will cover you.
What the Swedish account shows
A euro credit arriving through SEPA, treated as an ordinary incoming European payment. Nothing is collected, claimed or converted by Grey on that side.
Swedish banks
Handelsbanken, Swedbank, SEB Sweden and others are reached with the IBAN alone. The credit shows in euro, not in krona.
Speed
Typically minutes from a funded balance, and under 10 seconds where SEPA Instant is supported at the receiving Swedish bank.
Whether they convert
That is entirely the Swedish bank's business. Some accounts are set up to hold euro, others convert to krona automatically on arrival.
Keeping the Irish side ready
Swedish invoices tend to come with firm payment terms, so the practical advice is to fund before the deadline rather than on it.
Save Grey as a payee
Add your Grey euro details to your Irish banking app once, and every later top up is a routine domestic payment.
Fund against the due date
If a Swedish supplier invoices monthly, move the euro onto Grey when the invoice lands rather than on the day it falls due.
From another Grey user
A colleague or partner on Grey can send you euro by GreyTag, free and instant, before the payment to Sweden goes out.
Save the Swedish IBAN the first time it works, along with a note of whether that account holds euro. The next payment is then a confirmation.
What moves between Ireland and Sweden
Invoices in euro
Irish businesses paying Swedish consultants, agencies and suppliers who already bill in euro because they sell across Europe. The credit matches the invoice exactly.
Working in Sweden
An Irish professional in Stockholm, Gothenburg or Malmo moving euro income across, and keeping it in euro until they decide to convert.
Commitments back and forth
A Swede living in Dublin sending money to an account at home, or an Irish person in Sweden covering something that is still priced in euro.
Deposits and one off payments
A course, a piece of equipment, a booking with a Swedish company that quoted in euro. One payment, one figure, no conversion to argue over.
The four common cases on this corridor, all of which work best when the amount is agreed in euro rather than in krona.
Reasons to use Grey on the Sweden route
Ask the person or the company in Sweden whether the account you are paying holds euro, or converts everything to krona on arrival.
If they hold euro, this is one of the tidiest routes on the network: an invoice in euro settled in euro, landing in minutes, with the fee on screen before you commit. If they convert, nothing breaks, but a second cost you cannot see is being applied by their bank, and you should both know that before it becomes a monthly habit. Either way, no one in Sweden needs a Grey account to receive the money.
FAQs
Will my transfer arrive in Swedish krona or in euro?
In euro. Grey does not convert to krona, so the Swedish IBAN receives a euro credit and the recipient's own bank decides what happens next.
Why does Grey not convert euro into krona for Sweden?
Sweden is in SEPA but outside the euro, so Grey delivers euro into the Swedish account rather than handling the krona conversion itself.
Who does this Ireland to Sweden route suit best?
Swedish suppliers and consultants who already invoice in euro, and anyone whose Swedish account is set up to hold euro rather than convert immediately.
Who should avoid sending euro to a Swedish account?
Anyone who needs an exact krona figure on a set day, since the receiving Swedish bank sets that conversion rate after the money lands.
Which Swedish banks can Grey reach from Ireland?
Handelsbanken, Swedbank, SEB Sweden and others, all reached with the IBAN alone. Your recipient needs no Grey account to be paid.
Do I need the Swedish clearing number and account number?
No. A SEPA payment needs the IBAN, which begins with SE, rather than the domestic clearing and account number pair used inside Sweden.
How long does a transfer from Ireland to Sweden take?
Typically minutes from a funded euro balance, and under 10 seconds where the receiving Swedish bank supports SEPA Instant.
Can an Irish company pay a Swedish invoice through Grey?
Yes. Where the Swedish supplier has invoiced in euro, the euro credited matches the invoice exactly with no conversion for either side to reconcile.
How do I fund the euro balance I send to Sweden from?
Move euro onto Grey by SEPA transfer from an Irish bank, a credit union or Revolut, then pay the Swedish IBAN from that balance.
Can I agree a krona amount with my recipient in Stockholm?
Better to agree in euro. Grey never fixes a krona figure on this route, so a euro amount is the only number both sides control.
Is a second fee taken when the euro reaches the Swedish bank?
Grey takes nothing further, but if the Swedish bank converts to krona it applies its own rate and may charge for doing so.
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