Information on Cut-off times

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Cut-off times for eGateway and Payment services

The cut-off time is the latest time where Nordea accepts and effects payment orders to and from customers. The cut-off time can vary depending on the payment type and the currency involved.   

Nordea always seeks to offer the best and the latest cut-off times possible in the market for its cross-border payment products to make our customers benefit from faster and efficient cross-border payments.  

As a consequence of a late cut-off for same-day-value payments in some currencies it is important to obtain information about the receiving bank's cut-off times in order to make sure that payments are credited value same day.

      

Domestic Cross-border - Outgoing Cross-border - Incoming eGateway Domestic

Domestic

Cut-off times in Nordea Nordic 1 January 2016   

(Electronically ordered) 


DENMARK

Domestic Payments
Payment typeCurrencyCut-off
time
(CET)
Debit
value
date
Available to
receiving
bank
Standard credit transfer
- between own accounts in Nordea
- to an account with another bank (2)
DKK
DKK
00:00 (1)
18:00 (1)
D
D
D
D+1
Same day credit transfer
- between own accounts in Nordea
- to an account with another bank (2)
DKK
DKK
00:00 (1)
12:00 (3)
D
D
D
D
Express credit transfer
- between own accounts in Nordea
- to an own account with another bank
DKK
DKK
00:00
00:00
D
D
D
D
Intragroup payments between own accounts with Nordea in DenmarkDKK00:00 (1)DD
Intercompany transfer via the Danish central bankDKK (min 1m)13:30DD
Payment transfer via the Danish central bankDKK (min 1m)13:30DD
Transfer form (type 01, 04, 15, 71, 73 eller 75)DKK18:00 (1)DD +1
Cheque to DenmarkDKKPrevious day at 18:00 (1)DOn encashment

(1) Please note that the cut-off time in Unitel EDI is 17:00 and Corporate eGateway has special cut-offs.
(2) For Netbank Personal and Netbank SME transfers received and approved before 12:00 will automatically be executed as a Same day credit transfer until you can select execution speed yourself in Netbank.
(3) Same day credit transfers from branches, Netbank, Mobile bank and Corporate Netbank received in Nordea before 7:00, 10:00 and 12:00 are sent to beneficiary bank at 9:00, 12:00 and 14:00 (Three clearing cycles during the day). Cut off time for Corporate eGateway is 10:30 and for Unitel EDI cut off time is 11:30.

FINLAND

Domestic Payments
Payment typeCurrencyCut-off
time
(CET)
Debit
value
date
Available to
receiving
bank
Account in Nordea Finland
- Ordinary
EURDD
Account in another Finnish bank
- Ordinary
- Urgent
EUR
EUR
18:30
15:00 (1) 
DD +1
D
Account in another bank inside the euro payments area
- Ordinary
EUR18:30DD +1
Currency account in Nordea Finland
- Ordinary
All currencies15:00 (2)DD
Intercompany payment in Nordea Finland
- Ordinary
EURDD
Intercompany payment in Nordea, Group account
- Ordinary
Nordea
currencies
DD

(1) Nordea Bank Finland has exception to the cut-off times on the following dates:
      - New Year's Eve
      - Maunday Thursday
      On these days the cut-off time for urgent payments is 11:30 CET.
 (2) Payments received between 15:00 and 18:00 (CET) will be executed on a best
      effort basis. Payments received after 18:00 will be executed on the next banking
      day.

NORWAY

Domestic Payments
Payment typeCurrencyCut-off
time
(CET)
Debit
value
date
Available to
receiving
bank
Payment with adviceNOK 14:00
Payment without adviceNOK 14:00
Giro paymentNOK 14:00
Payment with KID (OCR)NOK 14:00
Intercompany paymentsNOK 20:45
SalaryNOK 14:00

SWEDEN 

Domestic Payments
Payment typeCurrencyCut-off
time
(CET)
Debit
value
date
Available to
receiving
bank
PlusGiro
- Payments with OCR ref
- Payments without OCR ref
SEK
SEK, EUR
15:50
15:50
D
D
D (2)
D (3)
Bankgiro
- Ordinary
SEK, EUR09:45DD
Account in Nordea Sweden
- Ordinary
- Same-day-value and Intercompany
SEK, EUR
SEK, EUR
24:00
24:00
D
D
D (3) 
D (3) 
Account in another Swedish bank
- Ordinary
- Same-day-value and Intercompany

SEK
SEK (over 500,000)

13:30
15:30
D
D
D
D
Money orderSEK12:50DD + 1 (4)

(1) Cut-off times in Sweden apply only for domestic payments via Corporate Netbank. For other currencies than stated above, cut-off times for
      cross-border payments are applicable.
 (2) Available on beneficiary's account D+0 or D+1 depending on the
      agreement with the bank.
 (3) Also available on beneficiary's account.
 (4) The beneficiary will receive the money order by mail.

Cross-border - Outgoing

Nordea Intercompany Payment

Cut-off times in Nordea Nordic 1 January 2016

(Electronically ordered)

Only Nordea currencies: DKK, EUR, GBP, NOK, PLN, SEK, SGD and USD
Cut-off (CET)
CurrencyCountryDay 01 day before
DKKDenmark15:30
EUREuroland16:00
GBPGreat Britain15:30
NOKNorway15:30
PLNPoland15:30
SEKSweden15:30
SGDSingapore15:30
USDUSA16:00

Currency transfers

Cut-off times in Nordea Nordic 1 January 2016

(Electronically ordered)

Currency transfer in Nordea
CountryCurrency Cut-off (CET)Value date
Debit/Credit
Denmark
Between own accounts within
Nordea Denmark
- with currency exchange
- without currency exchange
All currencies15:00
16:00
D+2 / D+2
D+0 / D+0
Between other accounts within
Nordea Denmark
- with currency exchange
- without currency exchange
EU currencies*15:00
16:00
D+2 / D+2
D+0 / D+0 
Between other accounts within
Nordea Denmark
- with currency exchange
- without currency exchange
Other
currencies 
15:00
16:00
D+2 / D+3
D+0 / D+1
Finland
Between accounts within
Nordea Finland
All currencies15:00
D+0 / D+0
Norway
Between own accounts within
Nordea Norway
- with currency exchange
- without currency exchange
All currencies15:00
15:00
D+0 / D+0
D+0 / D+0
Between other accounts within
Nordea Norway
- with currency exchange
- without currency exchange
Nordea
currencies**
15:00
15:00
D+0 / D+1
D+1 / D+1
Between other accounts within
Nordea Norway
- with currency exchange
- without currency exchange
Other
currencies 
15:00
15:00
D+0 / D+2
D+2 / D+2
Sweden
Between accounts within Nordea Sweden
(Note: For currency exchange between own
accounts use e-Markets or contact the bank)
All currencies15:00
D+0 / D+2
* BGN, CZK, DKK, EUR, GBP, HUF, PLN, RON, SEK + national currencies in countries having made an agreement with EU (NOK, CHF and ISK) 

** DKK, EUR, GBP, NOK, PLN, SEK, SGD and USD.

Same-day-value payments

Cut-off times in Nordea Nordic 1 January 2016

 (Electronically ordered)

Relates to Intercompany Payment, Financial Payment and Express Payment (Note: Express Payment only in Denmark, Norway and Sweden).

Nordea currencies
Currency            CountryCut-off (CET)Value date
Debit / Credit
DKKDenmark13:30D / D
EUREuroland16:00D / D
GBPGreat Britain15:30D / D
NOKNorway15:00D / D
PLNPoland10:00D / D
SEKSweden15:30D / D
SGDSingapore14:00D+1 / D+1
USDUnited States16:00D / D
Other currencies
Currency   CountryCut-off (CET)
Value date 
Debit / Credit 

AEDUnited Arab 
Emirates
14:00D+1 / D+1
AUDAustralia14:00D+1 / D+1
BGNBulgaria14:00D+1 / D+1
CADCanada15:30D / D
CHFSwitzerland15:30D+1 / D+1
CNHChina - offshore15:00D+1 / D+1
CNYChina15:00D+1 / D+1
CZKCzech Republic10:00D / D
HKDHong Kong14:00D+1 / D+1
HRKCroatia14:00D+1 / D+1
HUFHungary08:00D / D
ILSIsrael14:00D+1 / D+1
ISKIceland14:00D+1 / D+1
JPYJapan15:30D+1 / D+1
KWDKuwait14:00D+1 / D+1
MXNMexico11:00D / D
NZDNew Zealand14:00D+1 / D+1
RONRomania14:00D+1 / D+1
RSDSerbia15:30D+1 / D+1
RUBRussia08:00*D / D
SARSaudi Arabia14:00D+1 / D+1
THBThailand14:00D+1 / D+1
TRYTurkey11:00D / D
ZARSouth Africa14:00D+1 / D+1
Other currenciesOther15:00D+2 / D+2
Nordea Bank Norge ASA cut-off 14:00 CET (D+1 / D+1).

Ordinary payments

Cut-off times in Nordea Nordic 1 January 2016

(Electronically ordered)

All currencies
CountryCut-off
(CET)
Value date
Debit / Credit
Denmark15:00D+0 / D+2 *
Finland15:00D+0 / D+2 *
Norway
Without currency exchange: 
EUR,GBP,NOK,USD15:00 D+1 / D+1
Other currencies15:00 D+2 / D+2
With currency exchange:
EUR15:00D+0 / D+1
Other currencies15:00D+0 / D+2
Sweden15:00D+0 / D+2 *
Nordea Payment
Only Nordea currencies: DKK, EUR, GBP, LTL, NOK, PLN, SEK, SGD and USD.
CountryCut-off
(CET)
Value date
Debit / Credit
Denmark15:00D+0 / D+1
Finland15:00
Norway
Without currency exchange 15:00D+1 / D+1
With currency exchange15:00D+0 / D+1
Sweden15:00D+0 / D+1

D = Indicates the banking day when the order is executed

Debit value dating = The number indicates the number of days after execution before the transaction is value dated

Credit value dating = The number indicates the number of days after execution before we credit receiving bank

* D+1 for EUR to European Economic Area (EEA) countries (= EU countries plus Iceland, Norway and Liechtenstein)

Cross-border - Incoming

We offer the following types of incoming payments and cut-off times:

Nordea Intercompany Payment

Cut-off times in Nordea Nordic 1 January 2016

(Electronically ordered)

Only Nordea currencies: DKK, EUR, GBP, NOK, PLN, SEK, SGD and USD
Cut-off (CET)
CurrencyCountryDay 01 day before
DKKDenmark15:30
EUREuroland16:00
GBPGreat Britain15:30
NOKNorway15:30
PLNPoland15:30
SEKSweden15:30
SGDSingapore15:30
USDUSA16:00

Currency transfers

Cut-off times in Nordea Nordic 1 January 2016

(Electronically ordered)

Currency transfer in Nordea
CountryCurrency Cut-off (CET)Value ddate
Debit/Credit
Denmark
Between own accounts within
Nordea Denmark
- with currency exchange
- without currency exchange
All currencies15:00
16:00
D+2 / D+2
D+0 / D+0
Between other accounts within
Nordea Denmark
- with currency exchange
- without currency exchange
EU currencies*15:00
16:00
D+2 / D+2
D+0 / D+0 
Between other accounts within
Nordea Denmark
- with currency exchange
- without currency exchange
Other
currencies 
15:00
16:00
D+2 / D+3
D+0 / D+1
Finland
Between accounts within
Nordea Finland
All currencies15:00
D+0 / D+0
Norway
Between own accounts within
Nordea Norway
- with currency exchange
- without currency exchange
All currencies15:00
15:00
D+0 / D+0
D+0 / D+0
Between other accounts within
Nordea Norway
- with currency exchange
- without currency exchange
Nordea
currencies**
15:00
15:00
D+0 / D+1
D+1 / D+1
Between other accounts within
Nordea Norway
- with currency exchange
- without currency exchange
Other
currencies 
15:00
15:00
D+0 / D+2
D+2 / D+2
Sweden
Between accounts within Nordea Sweden
(Note: For currency exchange between own
accounts use e-Markets or contact the bank)
All currencies15:00
D+0 / D+2
* BGN, CZK, DKK, EUR, GBP, HUF, PLN, RON, SEK + national currencies in countries having made an agreement with EU (NOK, CHF and ISK) ** DKK, EUR, GBP, NOK, PLN, SEK, SGD and USD.

Incoming payments

Cut-off times in Nordea Nordic 1 January 2016

 (Electronically ordered)

For Nordea Bank Danmark A/S: See price list International Payments for customer value dates applied to each product.

Cut-off (CET): Latest time for receipt in Nordea Nordic of payment instructions.

Nordea currencies
Currency            CountryDay 01 day before2 days before
DKKDenmark13:30*
EUREuroland16:00
GBPGreat Britain15:30
NOKNorway15:00
PLNPoland10:00
SEKSweden15:30
SGDSingapore14:00
USDUnited States16:00
* For credit of an account with Nordea Bank Danmark A/S cut-off is 14:00 CET Day 0.
Other currencies
Currency   CountryDay 01 day before2 days before
AEDUnited Arab Emirates14:00
AUDAustralia14:00
CADCanada15:30
CHFSwitzerland15:30
CNHChina - offshore15:00
CNYChina15:00
CZKCzech Republic10:00
HKDHong Kong14:00
HRKCroatia14:00
HUFHungary08:00
ILSIsrael14:00
ISKIceland14:00
JPYJapan15:30
KWDKuwait14:00
MXNMexico11:00
NZDNew Zealand14:00
RONRomania14:00
RSDSerbia15:30
RUB
Russia
08:00**
SAR
Saudi Arabia
14:00
THBThailand14:00
TRYTurkey11:00
ZARSouth Africa14:00
Other currenciesOther15:00
** Nordea Bank Norge ASA cut-off 14:00 CET 1 day before.
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