Klarna Bank products, services and reviews
Rating, reviews, address, contact info, branches, phone numbers, fixed deposits, savings and card accounts offered by Klarna Bank
3.80%
Annual fee
Free
Cashback
No
Annual fee
Free
Cashback
No
Interest rates up to 3.80%
Open and manage directly on PickTheBank Platform
Terms from 3 months to 5 years
Annual interest payments
Protected by Deposit Guarantee System up to 100.000 EUR
Klarna Bank
4.1
Sweden
Credit ratings
Deposit Guarantee Scheme (DGS)
Deposit Guarantee Scheme (DGS) member. Deposits up to €100k per person are covered
S&P
BBB-/A-3
Moody’s
-
Fitch
-
About Klarna Bank
Klarna Bank AB (publ) is a Swedish-licensed bank and payments provider headquartered in Stockholm, supervised by the Swedish Financial Supervisory Authority (Finansinspektionen). It offers checkout financing and buy now, pay later options alongside traditional card and bank-based payments across multiple countries, with product names and terms that vary by market. Core consumer products include short-term deferred payment plans and interest-bearing financing of longer durations; some offers are interest-free if paid on time, while late fees, interest, and other charges may apply depending on local rules and the specific product. Credit assessment is automated and ongoing, typically involving soft credit checks for short-term plans and, in some cases, hard inquiries for longer-term credit; reporting to credit bureaus and the impact on credit files differ by jurisdiction. Customers manage payments through Klarna’s app or website, can generate one-time virtual cards for merchants without direct integrations, and may access shopping-related features such as order tracking and returns assistance, subject to availability. On the merchant side, Klarna provides payment acceptance and consumer financing, settles with merchants, and charges fees based on agreed pricing; integration options include APIs and plug-ins for common commerce platforms. Klarna also offers savings products in select markets; eligible deposits held with Klarna Bank AB in the EU/EEA fall under the Swedish deposit guarantee scheme up to statutory limits, while deposits offered via partners or in non-EEA markets may have different protections. The company is subject to PSD2 strong customer authentication rules in the EEA and to local consumer credit and payments regulations elsewhere; oversight of buy now, pay later is evolving in several jurisdictions and can affect disclosures, affordability checks, and fee structures. Klarna processes identity, device, transactional, and behavioral data for underwriting, fraud prevention, and marketing consistent with its privacy notices, and users in applicable regions (such as the EU/EEA) have rights under laws including GDPR. Key consumer risks include accumulating debt across multiple purchases, incurring fees or interest for missed or late payments, and potential effects on credit standing; merchants face operational risk tied to dispute handling and reliance on a third-party provider. Support is primarily app- or web-based, and dispute resolution typically requires coordination among the customer, the merchant, and Klarna under defined timelines. Prospective users should review local product terms, fee schedules, and applicable consumer and deposit protections before using Klarna’s services.
Klarna Bank Deposit guarantee scheme participation
Klarna Bank participates in the deposit guarantee scheme of Sweden which applies to all deposit accounts made by natural persons, legal entities and covers up to up to 100,000 EUR (or equivalent in local currency) per bank per depositor.
Klarna Bank Countries of operations
Klarna Bank offers their savings products in Germany, France, Netherlands, Sweden
Products offered by Klarna Bank and interest rates
Klarna Bank offers 34 deposits and 14 savings accounts in EUR, SEK.
Klarna Bank offers the following fixed deposits in EUR in Sweden, Finland, Germany, Netherlands, France: 0 months deposit - 1.8%; 3 months deposit - 1.8%; 6 months deposit - 2%; 9 months deposit - 2.18%; 12 months deposit - 2.38%; 18 months deposit - 2.38%; 24 months deposit - 2.58%; 36 months deposit - 2.64%; 48 months deposit - 2.64%.
Klarna Bank offers the following fixed deposits in SEK in Sweden: 3 months deposit - 2%; 6 months deposit - 2.13%; 12 months deposit - 2.4%; 24 months deposit - 2.53%; 36 months deposit - 2.58%.
Best interest rates in Sweden
Fixed deposits offered by Klarna Bank
Loans offered by Klarna Bank
There are no products yet
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Branches
Klarna Bank, filial af Klarna Bank AB (publ), Sverige
klarna.comVestergade 29, 1456, København K, Denmark
Klarna bank credit rating
In april 2023 S&P Global assigned Klarna a credit rating of BBB-/A-3 with a stable outlook.
Klarna bank geography of operations
Klarna works in the following european countries
- Sweden (Headquarters),
- Norway,
- Finland,
- Denmark,
- Germany,
- Austria,
- Switzerland,
- Netherlands,
- Belgium,
- Ireland,
- France,
- Spain,
- Italy,
- Poland,
- Greece,
- Czech Republic.
Klarna as well works in United Kingdom, the United States, Canada, Australia, and New Zealand.
Klarna bank customer reviews
Klarna bank customers rate Klarna bank services at 4.2 out of 5 at Trustpilot. Usually, Klarna bank customers highlight
- Convenience of BNPL shopping enabling customers to buy more;
- Modern and intuitive app;
- Sometimes customers complain about their credit limits changes, their Klarna cards not working properly and complications in case of product return.
Klarna bank products
Buy Now, Pay Later Services
Klarna's flagship product is its BNPL service, which allows consumers to split their purchases from clothing to consumer electronics into multiple interest-free payments. This service is available through various retailers, both online and in-store, making it a convenient option for shoppers.
Klarna offers interest-free installment plans, typically over four payments, which is attractive to consumers looking to manage their cash flow without incurring additional costs.
Customers can choose from paying immediately, within 30 days, or through longer-term financing plans (with interest).
Please note, If you miss a payment, Klarna charges late fees, which can accumulate and become burdensome. Late or missed payments can negatively impact a user’s credit score.
Klarna Card
Klarna Bank offers two primary types of cards: the Klarna Bank Card and the Klarna Card. Both cards provide unique features and cater to different needs of Klarna's customers. Here's a detailed look at each.
- Klarna bank Card
Type: Visa Debit Card
Usage: Online and in-store payments
Issuance: Automatically issued as a virtual card upon opening a Klarna bank account; optional physical card available for a one-off fee.
The Klarna Bank Card is directly linked to the customer's Klarna bank account, facilitating seamless management of finances through the Klarna app.
- Klarna Card
Type: Visa Card
Usage: Online and in-store payments
Issuance: Independent of a Klarna bank account; can be linked to any bank account.
Customers must apply for the Klarna Card separately from a Klarna bank account. It can be linked to any existing bank account, providing flexibility.
Klarna bank account
In recent years, Klarna has broadened its operations by venturing into more traditional banking services, including savings accounts. Although Klarna is actively expanding, its range of banking products remains more limited compared to those offered by traditional banks.
Klarna Bank offers fixed deposits with competitive interest rates, which can be opened conveniently online. To open a fixed deposit with Klarna, customers are required to have a Klarna bank account as a reference account. While Klarna's interest rates are attractive, the range of deposit terms and options may still be more limited compared to those available at traditional banks.
Contacts
Address
Sveavagen 46. SE-111 34 Stockholm Sweden
Phone number
+46 8 120 120 00Website
klarna.comBank identifiers
BIC number
KLRNSESS
Name
Klarna Bank
Country
Sweden