Redeeming invalid banknotes
The Riksbank has the possibility to redeem all invalid Swedish banknotes, regardless if their age. The fee for redemption is SEK 200 per application.
Make an application
Conditions for redemption
The Riksbank's statutes (RBFS 2020:1) state the conditions for redemption.
What does the process look like?
1. Submit your request
The first step for those who wish to redeem banknotes is to submit your request. This is easily done via BankID, but you are also able to use our form for redemption.
2. Send the banknotes to us
Once you have completed your request, send it together with the banknotes to the Riksbank at: Sveriges riksbank, Inlösen, 103 37 Stockholm. Contact your local post office if you want to know more about the postal service’s insurance terms.
Once we have received your request, we will begin to process it. The processing time is normally 3-4 weeks. Cases that need to be supplemented with additional information will have a longer processing time.
Based on the information you have submitted, the Riksbank will form a decision. If your request is approved you will receive the value of your banknotes transferred to your bank account.
The fee of SEK 200 will be withdrawn from the total amount.
Questions & answers
Can I come to the Riksbank and submit invalid banknotes?
No, the Riksbank does not have an office where you can hand in the banknotes. Instead, you need to post them to us and choose whether you want to do so via ordinary mail, registered letter or insured parcel. For more information regarding postal items, please refer to your local post office.
How do I know that the Riksbank has received my banknotes?
Unfortunately, the Riksbank has no possibility to send confirmation that we have received your letter/parcel. If you have sent it as a registered letter or insured parcel, you can track your mail yourself on Postnord's website, www.postnord.se. If you have provided an e-mail address in your application, you will receive a confirmation as soon as your application has been registered with us. Please note that the processing time for submitted applications varies.
Does the Riksbank redeem coins?
No. The Riksbank does not redeem coins. The 1, 2 and 5-krona coins that became invalid in 2017 cannot be redeemed at ordinary banks or at the Riksbank. These coins can be regarded as scrap metal and can therefore be sent for metal recycling. For questions regarding the potential value to a collector of any coins, please refer to numismatists/coin dealers.
Contact the Riksbank, telephone 08-787 09 06. Telephone hours are non-holiday weekdays:
- Monday 9am to 11am,
- Tuesday 1pm to 3pm,
- Wednesday-Friday 9am to 11am
You can also contact us by email at firstname.lastname@example.org.
Tourists and foreign citizens
If you are a tourist and discover that you have invalid Swedish banknotes after you have left the country, you can send them to the Riksbank. The Riksbank has the possibility to redeem all invalid Swedish banknotes. If the request for redemption is approved, the Riksbank will deposit the amount in your bank account (even if it is a foreign bank account).