Accounts and opening requirements
Sections ↑For a Finnish Nordea investor, the first choice is the account structure rather than a spread-based trading tier. The book-entry and equity savings accounts have different investment, transfer and withdrawal rules. The pricing schedule then adds an activity-based brokerage classification; a low commission does not change the account’s product restrictions.[1][2][4]
Reference table01
Two account structures
| Attribute | Book-entry account | Equity savings account |
|---|---|---|
| Investments | Shares, ETFs and other supported securities | Eligible listed shares; no ETFs or ordinary fundsSource 1Source 2 |
| Contributions | No equity-savings-account contribution cap | EUR 100,000 cash contribution limit; investment growth is separateSource 3Source 2 |
| Existing shares | Transfer supported holdings into custody | Existing ordinary-account shares cannot be contributed in kindSource 1Source 2 |
| Tax timing | Transactions and income follow ordinary Finnish investment taxation | Tax deferral inside the account; withdrawal includes a taxable-profit componentSource 3 |
| Number of accounts | Not subject to the single equity-savings-account restriction | Only one equity savings account at a time across providersSource 2 |
| Transfer away | Domestic/foreign custody routes differ | Transfer the account as a whole rather than recreating it through a cash withdrawalSource 2Source 10 |
Reference table02
Opening and access
| Item | Published terms and practical effect |
|---|---|
| Existing customers | Open the relevant investment service in Nordea Mobile or Netbank; custody, cash and digital-service agreements work together.Source 1Source 2 |
| Online banking application | The standard online joining route requires Finnish residence, adulthood, accepted identity documentation, Finnish contact details and supported identification from another Finnish bank. Other applicants need a separate service route.Source 5 |
| Documents and approval | Identity and customer-information checks precede access; acceptance remains subject to approval.Source 5Source 10 |
| Children | The equity-savings-account instructions provide a guardian application route; required consents are separate from an adult’s own trading permissions.Source 2 |
| First account | Published custody relief covers the first year for a first book-entry/equity-savings account; brokerage and product expenses are not all waived.Source 1 |
Products and platforms
Sections ↑Reference table03
Products, markets and devices
| Item | Published terms and practical effect |
|---|---|
| Exchange access | Nordic and other European markets plus North American venues are listed. Product availability is checked in the order screen rather than inferred from a country list.Source 8 |
| Funds and ETFs | The service offers both; an equity savings account cannot hold them merely because the wider Nordea service supports them.Source 6Source 2 |
| Core execution | Nordea Mobile and Netbank are the documented retail channels.Source 6 |
| Streamer | The separate browser-based Streamer is an English-language market-data and monitoring service; subscribing is not a new trading account.Source 9 |
| Quote depth | The equity-account page describes Nordic snapshot quotations and separately activated depth; some markets and data services carry additional charges.Source 2Source 8 |
| Advice versus self-direction | Nora and other planning/advice services have a different purpose from placing a self-directed securities order. Their availability is not evidence of autonomous trading authority.Source 7 |
Trading fees and ongoing costs
Sections ↑Reference table04
Online brokerage tiers
Reference table05
Additional costs and conditional relief
| Item | Published terms and practical effect |
|---|---|
| Assisted orders | Telephone brokerage is 0.5%, minimum EUR 40; branch brokerage is 1%, minimum EUR 60.Source 8 |
| Foreign exchange | The tariff lists 0.3% currency conversion for non-euro transactions. A security quoted in another currency is not itself a funded currency subaccount.Source 4 |
| Personal custody | Normally EUR 2.45 monthly without the qualifying previous-quarter trade; the schedule lists Private Banking separately at zero.Source 4 |
| Age condition | Use under 28, as stated in the product tariff. An under-30 marketing panel conflicts, so relief for ages 28–29 is not assumed.Source 1Source 4 |
| Ordinary foreign transfer | EUR 70 per security under the published schedule.Source 4 |
| Equity-account transfer | EUR 100 to another provider, plus applicable foreign-security transfer charges. Opening, ordinary deposits/withdrawals and closure are listed at zero.Source 2 |
Orders, execution and risk controls
Sections ↑Reference table06
Execution and control points
| Item | Published terms and practical effect |
|---|---|
| Trading conduct | Non-genuine orders and arrangements intended to create misleading market activity are prohibited.Source 11 |
| Venue and product rules | Exchange, clearing and product rules govern execution. The custody agreement is not a complete inventory of available stop, linked or automated orders.Source 10 |
| Corporate actions | Meet the bank’s deadline, which can precede the issuer’s; foreign options may be restricted.Source 10 |
| Cancellation of corporate instructions | Foreign corporate-action instructions remain binding unless the subcustodian accepts cancellation.Source 10 |
| Position transfers | Pledges/restrictions can prevent transfer; incoming holdings are unavailable until received.Source 10 |
| Market data | Data activation and trading authority are separate controls. A deeper quote subscription does not change the account’s permitted investments.Source 8Source 9 |
Deposits, withdrawals and transfers
Sections ↑Reference table07
Cash, withdrawals and transfers
| Item | Published terms and practical effect |
|---|---|
| Cash account | An associated cash account handles debits and credits.Source 10 |
| Equity-account deposits | Cash deposits build the contribution balance; holdings already outside the wrapper cannot simply be moved in.Source 2 |
| Withdrawing profits | An equity-account withdrawal contains capital and profit proportionately. Do not interpret all cash on the account as tax-free returned capital.Source 3 |
| Loss recognition | The comparison explains that an equity-account loss is deductible only on closure, after disposal and withdrawal.Source 3 |
| Transfer authority | Use the receiving provider’s whole-account transfer procedure. An ordinary withdrawal and repurchase is not equivalent.Source 2 |
| Conversion on distributions | Foreign distributions convert to the cash-account currency unless otherwise agreed.Source 10 |
Regulation, custody and protection
Sections ↑Reference table08
Entity and protection boundaries
| Item | Published terms and practical effect |
|---|---|
| Bank identity | Nordea Bank Abp is listed among ECB-supervised entities; the reviewed PDF has a 1 May 2026 cut-off. Finnish terms identify the same bank.Source 17Source 10 |
| Domestic custody | Finnish book-entry holdings use the domestic system; foreign holdings use subcustodians.Source 10 |
| Foreign custody | Foreign law and omnibus custody affect ownership enforcement, segregation and corporate actions.Source 10 |
| Deposit guarantee | Eligible cash deposits are subject to the EUR 100,000 per-depositor/per-bank limit and statutory aggregation rules.Source 15 |
| Investor compensation | Covered non-professional claims for assets the provider cannot return may receive 90%, capped at EUR 20,000. Eligibility and the failure trigger matter.Source 16 |
| Not a performance guarantee | Neither deposit protection nor investor compensation reimburses ordinary falls in securities prices.Source 15Source 16 |
Support and account administration
Sections ↑Reference table09
Help, records and closure
| Item | Published terms and practical effect |
|---|---|
| Customer service | Finnish/English weekday service is published for 08:00–18:00. Saturday daily-banking support is not a full securities dealing session.Source 13 |
| Authenticated contact | Calling from the bank app provides an authenticated contact route. Use official service details rather than unsolicited account-recovery messages.Source 13 |
| Assisted dealing | The telephone dealing tariff supplies an alternative channel, but a blanket outage fee waiver was not established.Source 8 |
| Closing notice | Custody notice: customer five banking days; bank thirty calendar days. Immediate-termination exceptions apply.Source 10 |
| Empty-account inactivity | Closure is permitted after one year without assets or entries; this differs from trading-based fee relief.Source 10 |
| Disputes | Escalate internally first. The bank identifies its Ombudsman and FINE as relevant routes; consumer-dispute routes have product limitations.Source 14 |
Research, reporting and additional services
Sections ↑Reference table10
Reporting and supplementary tools
| Item | Published terms and practical effect |
|---|---|
| Annual cost report | The previous year’s costs report is available in Documents in Mobile/Netbank. It is not a substitute for the investor’s tax return.Source 12 |
| Order communications | Relevant communication recordings are available on request for five years, or seven if the authority requires.Source 10 |
| Research | The documented service includes market reports, news and separately ordered analytical/data services.Source 2Source 8 |
| Public retail API | A general programmable retail trading API was not established in the reviewed Mobile, Netbank and Streamer materials.Source 6Source 9 |
| Copying | No trader-following service was established for this account scope. A fund purchase or advisory tool is not treated as copying.Source 7Source 6 |
Company identity and evidence
Sections ↑Reference table11
Identity and document interpretation
| Item | Published terms and practical effect |
|---|---|
| Provider | Nordea Bank Abp, Finland; Business ID 2858394-9 in the contract. That business identifier is not a brokerage licence number.Source 10 |
| Geographic scope | This profile is limited to Finnish retail custody and trading. Other Nordea jurisdictions have their own charges and account wrappers.Source 1Source 4 |
| Document dates | The linked custody contract is dated January 2022; current review does not reset its document date.Source 4Source 10Source 17 |
| Unresolved publication discrepancy | The narrower under-28 custody rule is used; the conflicting under-30 panel is retained in the research notes.Source 1Source 4 |
For an eligible non-professional investor, the investor-compensation formula is 90% of a covered receivable, capped at EUR 20,000. Thus a fully covered EUR 20,000 receivable produces EUR 18,000 before any other relevant conditions or adjustments. This is distinct from deposit protection and from compensation for normal market losses.[18]
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Nordea Bank Abp
No separate licence entry is recorded in this panel.
Sources & further reading
- Book-entry account and custody Nordea — Finland securities trading · Accessed 13 Oct 2026
- Equity savings account Nordea — Finland securities trading · Accessed 13 Oct 2026
- Equity savings versus book-entry account Nordea — Finland securities trading · Accessed 13 Oct 2026
- Trading and custody tariff Nordea — Finland securities trading · Accessed 13 Oct 2026
- Joining Nordea online Nordea — Finland securities trading · Accessed 13 Oct 2026
- Investing services and supported products Nordea — Finland securities trading · Accessed 13 Oct 2026
- How to start investing Nordea — Finland securities trading · Accessed 13 Oct 2026
- Marketplaces and additional services Nordea — Finland securities trading · Accessed 13 Oct 2026
- Nordea Streamer Nordea — Finland securities trading · Accessed 13 Oct 2026
- Book-entry and custody terms, January 2022 Nordea — Finland securities trading · Accessed 13 Oct 2026
- Securities trading conduct rules Nordea — Finland securities trading · Accessed 13 Oct 2026
- Annual costs report Nordea — Finland securities trading · Accessed 13 Oct 2026
- Customer service Nordea — Finland securities trading · Accessed 13 Oct 2026
- Independent complaint and dispute routes Nordea — Finland securities trading · Accessed 13 Oct 2026
- Deposit guarantee information Nordea — Finland securities trading · Accessed 13 Oct 2026
- Investor Compensation Fund Nordea — Finland securities trading · Accessed 13 Oct 2026
- ECB supervised entities: 1 May 2026 cut-off European Central Bank · Accessed 13 Oct 2026
- Investors’ Compensation Fund: non-professional clients and compensation formula Nordea Finland · Accessed 13 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.