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Banking and other financial matters

Living costs in Sweden

As a new student in Lund it can be a good idea to make your own budget to help plan your expenses. 

Sweden can be an expensive country to live in but general day-to-day living can be managed on a typical student budget of approximately SEK 7 800/month (approximately USD 1140 or EUR 866).

SEK 7 800/month is the amount a Swedish student would receive in student loans and grants from the Swedish government. As a comparison you can see what a budget of SEK 7 800/month could be composed of:

Food SEK 2 300
Accommodation SEK 2 500-3 300
Course literature SEK 400-1 000
Other: clothing, telephone, leisure, etc. SEK 1 500

More information and examples of living costs can be found on the Study in Sweden website.

Setting up a bank account

This bank information sheet provides an overview of the banks in Sweden with which you can set up an account (either with or without a Swedish personal number) and which documents each bank requires you to bring with you when you go to open a bank account.

Establishing a banking relationship in Sweden

If you are staying in Sweden for a longer period of time it will be much easier for you to manage your day-to-day financial matters, such as paying you rent and other bills, if you have a banking relationship with a Swedish bank. This information sheet provided by the Swedish Bankers´ Association, explains the services that Swedish banks can offer to international students.