SEB review

The debit card carries a monthly fee of SEK 50. That is the running cost readers pay for the Mastercard network access and the travel feature listed for the card. Bunq and Wise both list €0 and £0 by comparison, so the fee is the clearest reason to look elsewhere for everyday spending.

Deposits are covered by deposit protection of EU DGS up to EUR 100,000, which sits under the EU deposit guarantee scheme. That protection applies to savings balances such as the easy-access account, not to borrowing. SEB is a Swedish bank run by Skandinaviska Enskilda Banken AB (publ), based in Sweden.

Yes. The easy-access savings account is an easy access product, and the terms state free withdrawals at any time with savings not tied up. The rate is variable, currently 0.1%, so balance moves with rate changes. Product pricing lists SEK 0 for this product.

The credit card works at 15.98% APR with an annual fee of SEK 295. It carries travel insurance, purchase protection and price protection, which are the listed card perks. Rewards are listed as none, so there is no cashback or points earn on spending.

Eligibility is narrow: applicants must be adults with a steady permanent income, no payment remarks, and a registration period in Sweden. Applicants also need to be existing SEB customers with internet banking, so the loan is not open to new customers. Loans run SEK 20,000 to SEK 350,000 over 24 to 120 with a hard credit check and free early repayment.

Funding usually happens on weekdays, with a decision sent by SMS shortly after the application. The setup fee is 300 SEK setup fee (uppläggningsavgift), added on top of the interest, and the stated representative example shows the cost of a loan repaid over a set number of instalments with that fee included. Repaying early costs nothing.

SEB lends directly, with an initial rate of 2.67% and an 2.98% APRC. Borrowing runs up to 90% loan to value and fixed periods last 0.25 to 10. Loans serve home purchase, remortgage and home equity purposes.

Support runs through phone, email and help centre, which lists phone, email and a help centre. That mix is worth weighing against a fee free rival such as bunq at €0. Help centre availability scores 79.6% on the site, with phone at 74.4%.