Skandiabanken Aktiebolag (publ)

Skandiabanken Aktiebolag (publ) is a Swedish retail bank within the Skandia group that operates primarily through digital channels, offering current and savings accounts, mortgages, unsecured consumer lending, cards, payments, and access to investment products distributed via Skandia. The bank focuses on the Swedish market and conducts standard know-your-customer and anti–money laundering checks; new customers typically need a Swedish personal identity number and BankID to open and manage accounts. Services commonly used in Sweden, such as Swish, e-invoices (e-faktura), and direct debit (Autogiro), are supported, and the bank provides mobile and online banking with customer support via phone and digital messaging; physical branch access is limited. Mortgages follow Swedish regulatory requirements on loan-to-value limits, amortization, and affordability assessments, and interest terms vary by borrower profile and chosen fixation period. Skandiabanken is supervised by Finansinspektionen and its deposits are covered by the Swedish deposit guarantee administered by the National Debt Office (Riksgälden) up to the statutory limit per depositor; investor protection rules apply to financial instruments held in custody under applicable Swedish law. Accounts are maintained in SEK, and international payments and card usage are available subject to fees and network rules. The bank is distinct from the former Norwegian Skandiabanken, which operates separately today under a different brand. Product availability, pricing, and eligibility can change, so prospective and existing customers should review current terms, fee schedules, and risk disclosures published by the bank before applying or transacting.