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Cross-Border Accounts
Simple banking transactions, easy handling and cost savings on financial services provide benefits to all companies which operate across borders and at the same time are customers of Nordea. For that purpose Nordea offers the Cross-Border Account, a pan-Nordic operating account with the possibility of an overdraft.
The account is ideal for
- companies requiring accounts in another Nordic country than their home country; and
- groups with subsidiaries or companies in the other Nordic countries.
The account can be used for meeting your needs for
- daily transactions in local currencies;
- collection of amounts due in the relevant country; and
- a settlement account for all other transactions in the relevant country.
With a Cross-Border Account you can
- execute your Nordic banking transactions almost like you handle domestic banking transactions;
- make fast and inexpensive cross-border payments within Nordea;
- execute local payment instructions by using Request for Transfer; and
- request Balance Reports.
With a Cross-Border Account you only need one Nordic bank, and we assign a contact person for you in each country.
Benefits
- simplified banking transactions
- economy in the administration
- clear overview of finances
- simple liquidity management
- easier cash flow control
- speed of operation
- one Nordic bank
- a personal contact in every country
For more information about our Cross-Border Account, please contact your local account manager.
