SEB

Universal bank · Stockholm, Sweden

SEB is Sweden's largest bank by assets and market value, controlled by the Wallenberg family through Investor AB. It is a full-service bank in Sweden and the three Baltic states, where it serves about 130,000 small and medium-sized companies, and a corporate and investment bank in Denmark, Finland, Norway, Germany and the United Kingdom. A Swedish business account costs 60 kronor per month with a free bankgiro number. Finansinspektionen fined SEB 1 billion kronor in 2020 for anti-money-laundering deficiencies in the Baltics. The bank reported a CET1 ratio of 17.2 percent in Q2 2026.

Legal name: Skandinaviska Enskilda Banken AB (publ)
Regulated by: Finansinspektionen (Sweden), European Central Bank (SSM) for German and Baltic subsidiaries, Finantsinspektsioon (Estonia), Bank of Lithuania, Latvijas Banka
Licence confirmed: yes, on a regulator's own list
Established: 1972
Website: sebgroup.com

Scores, 0 to 10

9.0Financial strength & stability

Aa3, AA- and AA+ ratings with CET1 of 17.2 percent and ROE 15.7 percent. · source

7.5Europe (EU, EEA, Switzerland)

Universal bank in Sweden plus full licences in Estonia, Latvia and Lithuania and a corporate franchise in Germany, Denmark, Finland and Norway. · source

7.0Cross-border payments, FX and multi-currency accounts

Clears Nordic currencies, euro and major currencies through branches in London, New York, Singapore and Shanghai; margins not published. Corporate and investment bank for Nordic large corporates with branches in the main financial centres. · source

6.5Lowest fees

Business account 60 kronor per month, bankgiro free; Baltic fee schedules are published per country. · source

6.5Trade, manufacturing & import-export

Trade finance for Nordic and Baltic exporters supported by branches in Asia and the US. · source

6.0Business cards (Visa, Mastercard)

The business account package at 60 kronor a month comes with the SEB Commercial Debit card; credit cards are handled by SEB Kort and no virtual card programme is published on the account page. · source

5.5Fast digital onboarding

Swedish and Baltic companies open accounts online with local e-ID; no non-resident path is offered. · source

5.5Fintech companies that need a partner bank

Serves Nordic fintechs as corporates; no published safeguarding or agency banking programme. · source

5.0Online businesses: e-commerce and SaaS

Business accounts include bankgiro collection; acquiring is via third parties. Automatic bookkeeping connections, 60 kronor currency accounts and an SEB developer portal exist, but there is no USD receiving account for non-Swedish firms and no revenue-based financing. · source

5.0On-ramp: buy crypto with fiat

An April 2026 hands-on guide reports a SEPA transfer from an SEB personal account to Kraken cleared in one business day with no flags and no public blocklist, but large or frequent transfers can trigger review, the evidence is retail, and SEB keeps a restrictive stance on crypto. · source

4.5Startups & VC-backed companies

Startups use the standard 60 kronor per month business account with no venture-specific products. · source

4.5Off-ramp: crypto to fiat in a business account

The same 2026 guide says euro withdrawals from Kraken to SEB arrive by SEPA, but SEB publishes no source-of-funds process for business crypto proceeds, so evidence is thin. · source

4.0United Kingdom

London branch serves corporate and institutional clients; no UK business current accounts. · source

4.0United States

New York branch serves corporates with international operations only. · source

4.0Asia-Pacific (SG, HK, AU, JP, KR)

Branches in Singapore and Shanghai and a Hong Kong licence since 2011, all corporate-only. · source

4.0Foreign-owned & non-resident companies

Online opening is for Swedish-registered companies that submit beneficial owner details; the page gives no route for companies incorporated abroad or owners without Swedish registration. · source

3.5Crypto-friendly bank

No crypto trading or custody; the bank publishes guidance on transferring to regulated exchanges rather than banking crypto firms. · source

3.5Best interest on business balances

The business account page refers to a price list for interest but shows no yield on the standard account. · source

3.0Customer satisfaction

Trustpilot score is 1.4 out of 5. · source

2.5Stablecoins (USDC, USDT and others)

SEB is a member of Qivalis, the 37-bank consortium that plans a MiCA euro stablecoin once the Dutch central bank grants its licence, and says the work is driven by institutional clients; nothing is live yet. · source

2.0High-risk verticals (iGaming, cannabis, adult, forex)

SEB's sector policy on gambling calls the sector controversial for its societal impact and excludes companies that derive more than five percent of revenue from commercial gambling from lending and investment. · source

1.0Crypto wallet and custody for a business

SEB holds no crypto for clients: its investor services digital assets page describes custody of stablecoins and tokenised securities as something it is exploring, and no live crypto custody for companies was found, checked September 2026. · source

1.0Accept crypto payments

No crypto or stablecoin acceptance for merchants was found in SEB's business pages or releases, checked September 2026. · source

1.0Bitcoin

SEB's division head confirmed in September 2025 that the bank has long barred private customers from trading regulated crypto assets and crypto derivatives, and no bitcoin product or change of policy was found by September 2026. · source

1.0Ethereum

The same restrictive policy covers ether: no ether trading, ETPs or custody at SEB were found, checked September 2026. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.