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.
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.
Registration and use of Swish are closely linked to the Swedish banking system:
Users who have an account but do not have a suitable smartphone can only register to accept payments.
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.
The reliability and security of Swish are at a very high level due to its close integration with the Swedish banking sector:
All this makes this system very reliable.
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.
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.
The process for depositing with Swish is usually as follows:
The money is instantly deposited into the casino account, and the user can start playing immediately.
Since Swish works as a direct bank transfer system, the withdrawal process is also as simple as possible:
In honest online casinos, payouts by this method are speedy.
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.
For private users, Swish transfers are available free of charge. 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.
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.
No, Swish is a direct bank transfer system that ties your phone number directly to your bank account, bypassing the need for payment cards.
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.
| Info | |
| 🗓️ Foundation date | 2012 |
| Website | swish.nu |
| Site languages | English, Svenska |
| Contacts | |
| 🏠 Post address | Getswish AB Vattugatan 2 111 52 Stockholm |