Other services

General terms
Financing
Payment services
Value dating
Audit reports and confirmations
Transaction details
Bank statements
Employee insurance - Nordea Liv AS

General terms

Account
Terms
Business Account
(Bedriftskonto)
  • Interest rate: 0.10 % p.a.
  • Standard prices for payment services apply to all withdrawals or debits to the account.
Withholding tax account
(Skattetrekkskonto)
  • Interest rate: 0.00 % p.a.
  • Special account for withholding tax deposits. According to Norwegian law the account is blocked for all withdrawals/debits to other than the Norwegian tax authority.
  • Standard prices for payment services apply to all withdrawals or debits to the account
Savingsaccount
(Kapitalkonto)
  • You are allowed to withdraw last year's interest in as many withdrawals as desirable. Subsequent withdrawals and/or transfers will be charged with currently NOK 250.00 per withdrawal and/or transfer that exceed the 12 free included withdrawals each year.
  • Interest and installments on loans with Nordea may be charged to the account subject to prior agreement without reducing the number of free withdrawals. 
  • Standard prices for payment services apply to all withdrawals or debits to the account
  • Interest rate 3.25% p.a. up to NOK 500,000. Interest rate 3.85% p.a. deposits between NOK 500,000-5,000,000. Further deposits over NOK 5,000,000 interest rate 4.35% p.a.
Currency account
(Valutakonto)
  • Currency account (valutakonto) is a transaction account in foreign currency
  • The interest rate for deposits in the currencies USD, EUR, SEK, DKK, GBP, CHF og JPY is based on the interest level in the relevant currency, while interest on deposits is not calculated in other currencies. Standard prices for payment services apply to all withdrawals or debits to the account.
ISG 
(Internation subsidary Group) 
  • Opening fee: NOK 15,000.00
  • Monthly fee for account services: NOK 850.00

For subsidaries where the parent company is banking with Nordea in Finland, Sweden or Denmark:

  • Opening fee: NOK 3,000.00
  • Monthly fee for account services: NOK 250.00

The fee applies per company ID and is charged in local currency

Fixed term account
(Fastrenteinnskudd)
  • A fixed interest rate for a deposit of NOK 100,000.00 and upwards.
  • Interest rates are defined by the chosen period. 3 months: 4,30% p.a. 6 months: 5,10% p.a. 12 months: 5,00% p.a.
  • The rate is fixed and the deposit tied up during the required savings period, that is withdrawals or deposits to the account cannot be made.
  • After the required savings period standard prices for payment services apply to all withdrawals or debits to the account. 
Fixed term deposit
(Termininnskudd)
  • A fixed interest rate for a deposit of NOK 500,000.00 and over may be agreed upon
  • Interest rate and required savings period have to be agreed upon for every deposit.
  • The rate is fixed and the deposit tied up during the required savings period, that is withdrawals or deposits to the account cannot be made.
  • After the required savings period standard prices for payment services apply to all withdrawals or debits to the account. 
Client account
(Klientkonto)
  • Interest rate: 3.30 % p.a.
Rent deposit account
(Depositumskonto)
  • Interest rate: 0.80 % p.a.  
  • Establishment of rent deposit account (per account) NOK 1,200.00  
  • If pledge or notice of plegde, per pledge/notice of pledge NOK 250.00 

Note! According to the Norwegian Tenancy Act section 3-5 it is the Landlord that pays the establishment fee

Unauthorized  overdrafts on all types of account, with or without approved credit, an overdraft interest of 18.00% p.a. is calculated. 

Financing

  • Operating loans and investment loans
    Please contact the bank in order to get prices and terms for loans and credits.
  • Adjustments to interest rates
    The bank may adjust the floating rates on an amortization loan upon prior written notice.

Payment services

Definistions:
  • Payment order: Order for withdrawal or transfer of funds
  • Execution time: Time from the payment order date to the date when the funds are available to the beneficiary's bank
  • Cut-off time: The latest time of receipt of a payment order for same day execution
  • Compensated value date: The day when interest calculation on an amount starts on one account and ends on another account
  • Manual payment order: International payment orders delivered to the Bank in another way than on the standard payment order form
  • Payment order date: The date when the payment order is received and accepted by the bank in another way than on the standard payment order form
  • Settlement day: The date when the settlement between the Norwegian banks takes place. Settlement day for transfers within Nordea is the day the accounts are debited and credit, respectively
  • Value date: The day when interest calculation on an amount begins or ends, respectively
  • Bank working day: Every weekday, Monday through Friday, except Norwegian bank holidays and other public holidays

Value dating

Execution of payment orders:

Cross-border outgoing payments

  • Execution time to countries within EEA: 2-5 bank working days
  • Execution time to countries outside EEA: 2-20 bank working days
Value dating:
  • Deposits: Interest is calculated as of the first calendar day after the deposit has been made. Interest on other credits to the account is calculated on the settlement day
  • Cheques: Cheques drawn on an account with Nordea is credited with value as of calendar day. Cheques drawn on an account with another Norwegian bank is credited with value on the settlement day
  • Withdrawals: Interest is calculated up to and including the calendar day before the withdrawal. For withdrawals on Saturdays, bank holidays or other public holiday interest is calculated up to and including the last calendar day before the last bank working day prior to the withdrawal
  • Cross-border outgoing payments: Value dates are stated in the relevant tables where ”D” means the payment order date and the number represents the number of days after the payment order date. Credit value date is the date on which the funds are available to Nordea’s correspondent bank
  • Cross-border incoming payments:  Value dates are stated in the relevant tables where ”D” means the date on which the funds are available to Nordea and the number represents the number of days after this date. For foreign currency cheques the days mean the number of days after the cheque has been presented to Nordea.

Audit report and confirmations

Audit report with only closed accountsFree of charge
Audit report up to 2 accountsNOK 300.00
Audit report up to 5 accountsNOK 700.00
Audit report over 5 accountsNOK 1,200.00
Inquiries from foreign institutions (banks)NOK 250.00
For large corporate customers it is possible to set price according to agreement between the advisor and Customer Data

Confirmations:

Confirmation share capitalNOK 0.00 
Confirmation share capital increaseNOK 900.00

Transaction details

Per 1 transaction details NOK 100.00 ( max up to NOK 7,500.00)

Bank statement

Per account statement for 1 yearNOK 100.00 
Per annual statement for 1 yearNOK 100.00

Employee insurance - Nordea Liv

Tjenestepensjon (Occupational pension scheme):

We offer occupational pension schemes through our life insurance company Nordea Liv. For more information, please contact your advisor in Nordea or Nordea Liv on telephone 09990

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