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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
Cut-off times for eGateway, Corporate Access 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
Cut-off times in Nordea Nordic 29 October 2018
(Electronically ordered)
DENMARK
| Domestic Payments | ||||
|---|---|---|---|---|
| Payment type | Currency | Cut-off
time (CET) | Debit
value date | Available to
receiving bank |
Standard credit transfer
- NemAccountPayment via Nordea | DKK
DKK | 00:00 (1)
12.00 (4) | D D
D | D D+1
D+1 |
Same day credit transfer
- NemAccountPayment via Nordea | DKK
DKK DKK | 00:00 (1) 00:00 (1)
09:00 (5) | D D
D | D D
D |
| Express credit transfer
- between accounts in Nordea - to an account with another bank | DKK
DKK | 00:00
00:00 | D
D | D
D |
| Intragroup payments between own accounts with Nordea in Denmark | DKK | 00:00 (1) | D | D |
| Intercompany transfer via the Danish central bank | DKK (min 1m) | 15:00 | D | D |
| Payment transfer via the Danish central bank | DKK (min 1m) | 15:00 | D | D |
| Transfer form (type 01, 04, 15, 71, 73 eller 75) | DKK | 18:00 (1) | D | D +1 |
(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.
(4) Please note that the cut-off time for Corporate eGateway is 11:00 and Corporate Access is 11:30 CET.
(5) Please not that the cut-off time for Corporate eGateway is 08:00 and Corporate Access is 08:30 CET.
FINLAND
| Domestic Payments | ||||
|---|---|---|---|---|
| Payment type | Currency | Cut-off
time (CET) | Debit
value date | Available to
receiving bank |
| Account in Nordea, Finland
- Ordinary | EUR | D | D | |
| Account in another Finnish bank
- Ordinary - Urgent | EUR
EUR | 17:30
15:00 (1) | D | D +1
D |
| Account in another bank inside the euro payments area
- Ordinary | EUR | 17:30 | D | D +1 |
| Currency account in Nordea, Finland
- Ordinary | All currencies | 15:00 (2) | D | D |
| Intercompany payment in Nordea, Finland
- Ordinary | EUR | D | D | |
| Intercompany payment in Nordea, Group account
- Ordinary | Nordea
currencies | D | D | |
(1) Nordea, Finland has exception to the cut-off times on the following dates:
- New Year's Eve
- Maundy 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 type | Currency | Cut-off
time (CET) | Debit
value date | Available to
receiving bank |
| Payment with advice | NOK | 14:30 (1) | D | D |
| Payment without advice | NOK | 14:30 (1) | D | D |
| Giro payment | NOK | 14:30 (1) | D | |
| Payment with KID (OCR) | NOK | 14:30 (1) | D | D |
| Intercompany payments | NOK | 20:45 | D | D |
| Salary | NOK | 14:30 (1) | D | D |
SWEDEN
| Domestic Payments | ||||
|---|---|---|---|---|
| Payment type | Currency | Cut-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, EUR | 09:45 | D | D |
| 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
| 13:30
15:30 | D
D | D
D |
| Money order | SEK | 12:50 | D | D + 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.
We offer the following types of incoming payments and cut-off times:
Corporate Access
- Service description: Corporate Access Payables – Appendix Sweden (pdf, 880 KB)
- Service description: Corporate Access Payables – Appendix Denmark
(pdf, 528 KB) - Service description: Corporate Access Payables – Appendix Norway (pdf, 539 KB)
- Service description: Corporate Access Payables – Appendix Finland (pdf, 541 KB)