Using a small truck, the robbers smashed their way in to a Swedbank office in the town’s Skiljebo Centre shortly after 9am.
Staff at the bank were ordered to lie on the floor as the two masked men, believed to have been carrying a shotgun, quickly emptied a number of tills before leaving the premises.
Two men thought to have been the robbers were seen riding a moped along Årbylundsgatan in the central Swedish town shortly before 9.30am. Minutes earlier a car exploded at the same spot.
“We don’t know if the explosion was connected with the robbery and the men fleeing,” said police spokesman Börje Strömberg.
A large number of police units have been deployed to search for the robbers.