Nordea Bank AB (normally referred to as “Nordea”) is a Nordic financial services group founded in 2000 as the result of a merger of various Finnish, Danish, Norwegian and Swedish banks. The company presents itself as “The Largest Financial Group in Northern Europe”, serving over 10 million private- and about 700.000 corporate account holding clients, mainly from Scandinavia, the Baltic Region, Poland and Russia. Nordea is internationally present in over 19 other countries and the company is listed on the Stock Exchange of Copenhagen, Stockholm and Helsinki. Read all details about Nordea payments on this page.
Type of payment: Online banking
Nordea is the biggest financial service provider in the Nordic countries and offers its clients a wide range of financial products under which conventional (corporate or private) bank accounts, credit / debit card accounts, investment banking, insurance products, pension management and internet- and mobile banking. The bank not only represents an impressive financial institute in its own right, but is also omnipresent as it is connected to the networks of other payment service providers such as Moneybookers, Trustly, Euteller and MasterCard.
Apart from the (MasterCard) credit and debit cards Nordea issues to its clients (and that of course can be used to make online payments) Nordea also offers an internet banking solution that allows clients to carry out financial transactions online and by telephone. This payment option is called Netbank in the various countries where it´s available and the system functions by means of “Access Codes”.
These Access Codes consist of a User ID with password, one-time security codes and confirmation codes. The User ID with the password of course identifies the account holder as the genuine account holder, the one-time security code is used to identify the specific payment and the confirmation codes are used to confirm and digitally sign all sorts of transactions.
Normally the Access Codes are generated by a card reader but apparently in some countries Nordea provides its clients with a physical card with one-time codes and confirmation codes stamped on it. On opening a Netbank account clients are provided with an 80 codes holding card and as soon as they´ve used 60 codes of that card they´ll be mailed a new card by Nordea.
The use of Access Codes makes a Netbank payment in a web shop or on another internet pay-site extremely safe as any code only can be used in combination with the User ID, its password and a PIN-code. On top of this the “One Time” codes can only be used once for a specific payment and all data concerning the transaction is SSL encrypted.
Nordea Netbank internet payments are free, easy to make and carried out instantly from the comfortable and trusted environment of your own internet banking account.
A deposit in an online casino using the Nordea Netbank internet banking solution is normally carried out by the following steps:
Nowadays Nordea provides its clients with the possibility to download a Mobile Banking application that allows Netbank clients to make payments by a mobile device.
Unfortunately it´s not possible to withdraw funds from an online casino account by using Nordea Netbank internet banking. To cash out money and have it transferred back to your Nordea bank account you should request a withdrawal by normal Bank Transfer.
The advantages of using Nordea as a banking option in online casinos are the following:
Possible disadvantages of the Nordea banking method are:
Nordea as a banking option is mainly available in online casinos that are (also) directed to players from the Northern European countries. Check out the list on this page to find out which Netent Casinos accept Nordea payments.
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