How does a Swedish bank see your company?
12 questions · 5 minutes · clear answer
Every year thousands of companies in Sweden are denied bank accounts without explanation. Banks' AML systems score your company automatically – but the criteria are never made public. This quiz is built from Finansinspektionen's supervisory requirements, banks' own due diligence routines and FATF guidelines. Answer honestly and see where you stand.
Why is it important to know your risk profile?
Finansinspektionen requires all banks to risk-classify every corporate customer – algorithmically, before the account is even opened.
A high risk score can lead to rejection, demands for extra documentation, or sudden closure of an existing account.
Banks share information about declined accounts. One rejection increases the risk of rejection at the next bank.
Knowing your risk profile in advance allows you to choose the right bank and prepare the correct documentation.
1In which jurisdiction is the company registered?
2Who is the beneficial owner (UBO)?
3Where are your main counterparties located?
4How long has the company existed?
5Which industry?
6Is there a PEP or sanctioned person in the company?
7Can you deliver a complete KYC package within 24 hours?
8How many Swedish companies is the director or UBO registered as board member or owner in?
9Does the company have a clear and consistent digital presence (website, LinkedIn, industry directories)?
10Has another credit institution previously rejected an account application for this company?
11Does the number of employees (registered with Skatteverket for F-skatt / employer contributions) match the expected revenue?
12Can you show contracts, invoices or other documentation supporting the expected incoming payments?
Want to understand in depth why Swedish banks close business accounts?
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