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expert 6.9
Denis Anipchenko
Expert opinion

In this review, I will discuss a popular method for making deposits at online casinos in Sweden. Of course, it is not only used by gamblers, but for the purposes of this article, I will focus on this area.

Swish is Sweden's leading mobile payment system, launched in 2012 as a collaboration between six major Swedish banks, Bankgirot, and the Swedish central bank. The service was created to provide instant money transfers between individuals, but quickly expanded to business payments, online sales, and charity fundraisers.

As of the second half of 2025, Swish is used by nearly 9 million people —the vast majority of Sweden's population —making it a near-monopoly in the country's instant mobile payments segment. Swish works in real time: transferring money in just a few seconds.

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Swish is focused exclusively on the Swedish domestic market and requires a Swedish bank account and a national ID number. Because of this strict localization, Swish is not widely available as an international payment system. Nevertheless, it is the preferred payment method at all online venues, including licensed casinos that specifically target Swedish players.

When choosing a casino that accepts Swish, Swedish gamblers can expect high transaction speeds and maximum security integrated with their banking system.

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Log in and register with Swish

Registration and use of Swish are closely linked to the Swedish banking system:

  • Application: The user must download the Swish app for their smartphone.
  • Linking: You must link your phone number to your bank account at one of the participating banks.
  • The phone number can also be from another country.
  • Identification (BankID): A second mobile application, the Mobilt BankID Säkerhetsapp, is required for full use and confirmation of transactions. This is an electronic identifier issued by Swedish banks and is a key security element of Swish.
  • Requirements: To use the system, you must have a bank account with a Swedish member bank and a Swedish national identification number.

Users who have an account but do not have a suitable smartphone can only register to accept payments.

Swish Wallet

Swish is not a traditional electronic wallet (e-wallet) in the usual sense. It does not maintain a separate balance for funds. Instead, Swish acts as an instant intermediary, directly linking a user's phone number to their current bank account. The actual transfer of funds is done through the Bankgirot clearing system, which developed the instant payment technology for Swish.

Reliability and security

The reliability and security of Swish are at a very high level due to its close integration with the Swedish banking sector:

  • Banking support: The system is supported by the six largest banks and the Swedish central bank.
  • Two-factor authentication: Every transaction is confirmed with Mobilt BankID, a secure electronic identity verification service. This provides a high degree of protection against fraud and unauthorized transactions.
  • Real-time: Instantaneous nature of transfers reduces the risk of canceled or frozen transactions.

All this makes this system very reliable.

Customer service

Because Swish is a product co-created by and closely integrated with Swedish banks, basic customer support for accounts, registration, limits, and disputed transactions is usually provided by the bank where the user has an account.

Swish does not issue its own payment or credit cards. It is a direct bank transfer system that uses a phone number as an "address" to access a user's existing bank account, bypassing the need to use cards for instant online payments.

Swish in casinos Popular?

In Sweden, Swish has become a popular payment method for a wide range of transactions, displacing cash in areas such as flea markets, church gatherings, and small events. Since 2017, it has also become widespread in online sales.

For licensed online casinos targeting the Swedish market (where Swedish gambling law applies), Swish is one of the most popular and expected deposit methods due to its speed and high level of security based on BankID.

How to Deposit in Swish Casinos Canada

The process for depositing with Swish is usually as follows:

  1. The player selects Swish as the deposit method at the casino cashier.
  2. The gambler then enters the desired deposit amount and his phone number linked to Swish.
  3. The smartphone automatically opens the Swish app (or displays a notification), where he can see the payment details.
  4. The customer confirms the transaction using his Mobilt BankID (usually with a PIN or biometrics).

The money is instantly deposited into the casino account, and the user can start playing immediately.

How to Withdraw Funds from Swish Casinos?

Since Swish works as a direct bank transfer system, the withdrawal process is also as simple as possible:

  1. The user requests a withdrawal to their Swish-linked account.
  2. The casino initiates a transfer to the phone number that is linked to the user's bank account.
  3. The funds are deposited into the user's bank account in real time once the casino approves and sends the payment.

In honest online casinos, payouts by this method are speedy.

Conclusion

I think Swish is the perfect choice for Swedish casino players, as it provides instant deposits and withdrawals directly to your bank account. The system guarantees the highest level of security through mandatory authentication with Mobilt BankID.

Frequently asked Questions

👛 What fees are charged for using Swish?

For private users, Swish transfers are free. Companies and registered organizations pay a fee per payment received (usually 1-3 SEK) plus a small annual fee. However, they are not allowed to charge the customer for the transfer.

❔ Can a non-resident of Sweden use Swish?

Full use of Swish requires a bank account at a participating Swedish bank and a Swedish national identification number. The system is therefore primarily intended for residents.

💳 Do I need a credit card to use Swish?

No, Swish is a direct bank transfer system that ties your phone number directly to your bank account, bypassing the need for payment cards.

🤚 What are the restrictions on transfers through Swish?

There are limits for users under 16 years of age, e.g., a maximum of 2000 CZK per day. For adult users, the limits are set by the participating bank.

Pros
  • Instant transactions (a few seconds)
  • High security (integration with Mobilt BankID)
  • Widespread use in Sweden
  • Easy to use on your phone
  • No transfer fees for private users
Cons
  • Geographical limitation
  • Swedish bank account required
  • Commissions for business
Denis Anipchenko
Denis Anipchenko
Editor-in-chief and online gambling expert

Denis is a true professional with many years of experience in the gambling industry. His career started back in the late nineties when he worked as a croupier, pit boss, manager and casino manager. This unique experience allowed him to deeply understand the world of gambling from the inside. Since the late noughties Denis has dedicated himself to writing articles and analyses about gambling, and since the early tens he has become a key figure in the Casinoz team. Here he not only writes and edits content, but also creates reviews, shares his expertise and helps readers understand the intricacies of gambling. Denis combines practical experience and in-depth knowledge, making him one of the most respected experts in the industry. His writings are always up-to-date, proven and useful information for anyone interested in the casino world.

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Facts checked Alex Vasilev Scientific editor and fact checker
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Info
Foundation date 2012
Website swish.nu
Site languages English, Svenska
Contacts
Post address Getswish AB Vattugatan 2 111 52 Stockholm