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Notes and coins changeover

Invalid banknotes

After June 30th 2017 the old 100 and 500 kronor notes became invalid for payment. Until June 30th 2018 it is possible to visit any of our branches and deposit these notes into your bank account.

The Swedish Central Bank, Riksbanken, can redeem other invalid Swedish banknotes againts an administrative fee. Read more on Riksbankens homepage.

Invalid coins

As of August 31 2017 the old 1, 2 and 5 kronor coins became invalid. These coins has lost their value and can no longer be redeemed. You can recycle invalid coins as metal. 

Why the bank must ask questions

It’s a legal requriment that the bank has good knowledge about you as a costumer and your dealings when a business relationship is entered. The bank also needs to follow up your transactions on a continous basis. This means that you always will need to identify yourself when you want to carry our an bank errand, e.g. if you want to open an account or make a transaction. When you make a deposit the bank might ask you more questions concering the origin of the money. The anti money-laundering directive applies in Sweden since 2009.

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