An electronic device is provided. The electronic device includes a memory and at least one processor operatively connected to the memory, and the at least one processor is configured to, based on a subscriber identity module (SIM) change event, in which at least one SIM is inserted, occurring, identify whether SIM-related information related to the at least one SIM exists in a database which is stored in the memory and includes SIM setting information for services provided by the electronic device, and in case of being identified that the SIM-related information exists in the database, select a SIM for each of the services based on the SIM setting information.