International payments - personal customers

Payments from other countries

*) Up to SEK 500 000.

Value dating rules for payments from other countries

See information on Cut-off times and value dates (in Norwegian)

Buy foreign currency

Sell back unused foreign currency

Traveller's cheques

Definitions

• Payment order
  Instruction to withdraw or transfer funds.
• Transfer time
  The time from the payment order date until the funds are made available to the beneficiary's bank.
• Cut-off time
  The time by which Nordea must have received a payment instruction in order for the payment to be executed on the same day.
• Compensated value date
  The calculation of interest on an amount on an account starts on the same date as the calculation of interest stops on another account.
• Manual payment order
  Instruction for an international payment for which Nordea's standard order form cannot be used.
• Payment order date
  The execution date/calendar date on which Nordea accepts the payment order. The payment order date follows the payment until it reaches the beneficiary.
• Settlement day
  The date of the interbank settlement in Norges Bank. In case of transfers of funds between accounts in Nordea, the settlement day is the day on which the accounts are credited and debited.
• Value date
  The date on which the calculation of interest on an amount starts or ends.
• Business day
  All weekdays from and including Monday to and including Friday with the exception of public holidays.

Value date rules

• Payments to other countries
  Value dates are stated for each service under "Payments to other countries", with D=payment order date and number=number of days after payment order date.
  
  Credit value date is for Nordea's correspondent bank abroad.
• Payments from other countries
  Value dates are stated for each service under "Payments from other countries", with D=the date when the funds are made available to Nordea and number =number of days after this date.  For cheques in foreign currencies one states the number of days after the cheque has been received by Nordea.