Information on Cut-off times

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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 Cross-border - Outgoing Cross-border - Incoming eGateway Corporate Access Domestic

Domestic

Cut-off times in Nordea Nordic 29 October 2018     

(Electronically ordered) 


DENMARK

Domestic Payments
Payment typeCurrencyCut-off
time
(CET)
Debit
value
date
Available to
receiving
bank
  • Standard credit transfer between accounts in Nordea
DKK 

00:00 (1)

D
D
  • between accounts in Nordea (with salary code)  
DKK 

00:00 (1)  

D
D+1
  • to an account with another bank (2)
DKK
18:00 (1)
D
D+1
  • NemAccountPayment via Nordea
DKK
12.00 (4)
D
D+1

Same day credit transfer 

  • between accounts in Nordea

DKK

00:00 (1)

D

D

  • between accounts in Nordea (with salary code)
DKK 
00:00 (1)
D

  • to an account with another bank (2)
DKK
12:00 (3)
D
D
  • NemAccountPayment via Nordea
DKK
09:00 (5)
D
D

Express credit transfer 

  • between accounts in Nordea 

DKK

00:00

D

D

  • to an account with another bank
DKK
00:00
D
D
  • Intragroup payments between own accounts with Nordea in Denmark
DKK00:00 (1)DD
  • Intercompany transfer via the Danish central bank
DKK (min 1m)15:00DD
  • Payment transfer via the Danish central bank
DKK (min 1m)15:00DD
  • Transfer form (type 01, 04, 15, 71, 73 eller 75)
DKK18:00 (1)DD +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 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
17:30
15:00 (1) 
DD +1
D

Account in another bank inside the euro payments area

  • Ordinary
EUR17:30DD +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, 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 typeCurrencyCut-off
time
(CET)
Debit
value
date
Available to
receiving
bank
Payment with adviceNOK 14:30 (1)
Payment without adviceNOK 14:30 (1)
Giro paymentNOK 14:30 (1)
Payment with KID (OCR)NOK 14:30 (1)
Intercompany paymentsNOK 20:45
SalaryNOK 14:30 (1)
(1) Please note that the cut-off time applies to single payments via Corporate Netbank. Corporate eGateway and Corporate Access has special cut-offs.

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 14 October 2019

(Electronically ordered)

Only Nordea currencies: DKK, EUR, GBP, NOK, SEK, SGD and USD
Cut-off (CET)
CurrencyCountryDay 01 day before
DKKDenmark15:30
EUREuroland16:00
GBPGreat Britain15:30
NOKNorway15:30
SEKSweden16:15*
SGDSingapore15:30
USDUSA16:00
*Nordea Bank Norway Cut-off 15:30 CET Day 0.

Currency transfers

Cut-off times in Nordea Nordic 1 January 2019

(Electronically ordered)

Currency transfer in Nordea
CountryCurrencyCut-off (CET)Value date
Debit/Credit 
Denmark

Between own accounts within
Nordea Denmark

  • with currency exchange 
  • without currency exchange
EU currencies*
15:00
16:00
D+0 / D+0
D+0 / D+0

Between own accounts within
Nordea Denmark

  • with currency exchange 
  • without currency exchange
Other
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
EU currencies*
15:00
16:00
D+0 / D+0
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+0
Finland
Between accounts within
Nordea Finland
All currencies15:00
Norway

Between own accounts within
Nordea Norway 

  • with currency exchange 
  • without currency exchange
All currencies15:00
15:00

Between other accounts within
Nordea Norway 

  • with currency exchange 
  • without currency exchange
Nordea
currencies**
15:00
15:00

Between other accounts within
Nordea Norway

  • with currency exchange 
  • without currency exchange
Other
currencies 
15:00
15:00
Sweden
Between accounts within Nordea Sweden
(Note: For currency exchange between own
accounts use e-Markets or contact the bank)
All currencies15:00
* 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.
*** Entry-into-force date for the new value date is 1 January 2018 for DK.

Same-day-value payments

Cut-off times in Nordea Nordic 14 October 2019

 (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
DKKDenmark15:00D / D
EUREuroland16:00D / D
GBPGreat Britain15:30D / D
NOKNorway15:00D / D
SEKSweden16:15*D / D
SGDSingapore14:00D+1 / D+1
USDUnited States16:00

D / D

*Nordea Bank Norway Cut-off 15:30 CET Day 0.

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

ZAR

South Africa14:00D+1 / D+1
PLN
Poland
10:00
D / D
Other currenciesOther15:00D+2 / D+2

**  Nordea Bank Norway 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, NOK, 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+0/D+0 for EU-payments/SEPA credit transfers (in EUR)  within European Economic Area (EEA) countries (= EU countries plus Iceland, Norway and Liechtenstein) received before 14:00 CET. 

Cross-border - Incoming

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

Nordea Intercompany Payment

Cut-off times in Nordea Nordic 14 October 2019

(Electronically ordered)

Only Nordea currencies: DKK, EUR, GBP, NOK, SEK, SGD and USD
Cut-off (CET)
CurrencyCountryDay 01 day before
DKKDenmark15:30
EUREuroland16:00
GBPGreat Britain15:30
NOKNorway15:30
SEKSweden16:15*
SGDSingapore15:30
USDUSA16:00
*Nordea Bank Norway Cut-off 15:30 Day 0.

Currency transfers

Cut-off times in Nordea Nordic 2019

(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
EU currencies*
15:00
16:00

D+0 / D+0
D+0 / D+0

Between own accounts within
Nordea Denmark 

  • with currency exchange 
  • without currency exchange
Other
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
EU currencies*15:00
16:00

D+0 / D+0
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+0
Finland
Between accounts within
Nordea Finland
All currencies15:00
Norway

Between own accounts within
Nordea Norway 

  • with currency exchange 
  • without currency exchange
All currencies15:00
15:00

Between other accounts within
Nordea Norway 

  • with currency exchange 
  • without currency exchange
Nordea
currencies**
15:00
15:00

Between other accounts within
Nordea Norway 

  • with currency exchange 
  • without currency exchange
Other
currencies 
15:00
15:00
Sweden
Between accounts within Nordea Sweden
(Note: For currency exchange between own
accounts use e-Markets or contact the bank)
All currencies15:00
* BGN, CZK, DKK, EUR, GBP, HUF, RON, SEK + national currencies in countries having made an agreement with EU (NOK, CHF and ISK) 
** DKK, EUR, GBP, NOK, SEK, SGD and USD.

*** Entry-into-force date for the new value date is 1 January 2018 for DK

Incoming payments

Cut-off times in Nordea Nordic 14 October 2019

 (Electronically ordered)

For Nordea Bank Denmark: 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
DKKDenmark15:00*
EUREuroland16:00
GBPGreat Britain15:30
NOKNorway15:00
SEKSweden16:15**
SGDSingapore14:00
USDUnited States16:00
* For credit to an account with Nordea Bank Denmark cut-off is 15:30 CET Day 0.

** For credit to an account with Nordea Bank Norway cut-off 15:30 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
PLN
Poland10:0014:00
Other currenciesOther15:00
** Nordea Bank Norge ASA cut-off 14:00 CET 1 day before.
eGateway Corporate Access