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Cross-border payments

FAQ: Can customers keep doing payments to and from Russia?

Nordea complies with all applicable sanctions, laws and regulations. We want to ensure that our customers do the same. Due to the current sanctions regime and the restrictions in force, Nordea has stopped processing of payments to and from Russia and Belarus.

More available information about sanctions in relation to Russia here.


Nordea Intercompany Payment

The Nordea Intercompany Payment is a cross-border payment between companies belonging to the same group and holding accounts with Nordea. The payment is unique as it enables you to move funds in Nordea currencies between your own accounts across borders with same day value. Funds in Nordea currencies are transferred with same day value if the payment order is received by the account-holding Nordea unit not later than at 15.30 CET. Benefits include improved liquidity management, fund transfers without loss of value days, convenient delivery times and funds available on the same business day. 

Nordea Payment

The Nordea Payment is a fast cross-border payment between two companies holding accounts with Nordea. The Nordea Payment is unique as it enables you to transfer funds in Nordea currencies and make them available to the beneficiary's account the next business day, that is two, three or even more days earlier than an ordinary cross-border payment. You can make transfers with or without currency conversion. In order to secure correct value dating the local reporting time for making the Nordea payment should be observed. Benefits of Nordea Payment include improved liquidity management, funds are available on the next business day and fast payment for the price of an ordinary payment.

Request for Transfer

Request for Transfer is an instruction sent via the electronic banking system of the domestic bank to debit an account held with another bank. The request may include payment instructions, such as Intercompany payments, third party domestic or cross-border payments.

With Request for Transfer you can control your payments centrally. Via your own electronic banking system the solution offers one point of contact and simple access to all your accounts held abroad. Benefits include efficient liquidity management, a single delivery system, improved operating efficiency, cost-effective payment structure, optimised payment administration and  late cut-off times and same day value.

Related documents

Payment Guide

Country and currency list

Bahrain BHD Purpose of Payment codes

China CNH and CNY Purpose of Payment Codes

China Payments in Chinese Currency

India INR Purpose of Payment Codes

Indonesia IDR Purpose of Payment Codes

Jordan JOD Purpose of Payment Codes

Kazakhstan KZT Purpose of Payment Codes

Malaysia MYR purpose of payment codes

Morocco MAD purpose of payment codes

Norway tax authority payment reporting codes

Sweden tax authority payment reporting codes

Thailand THB Purpose of Payment Codes

United Arab Emirates AED Purpose of Payment Codes

Get in touch 

For more information about how we can support your business contact your Nordea adviser.