Nordea Banking

Nordea Bank AB is a Swedish financial service group with over 1,400 branches all over Northern Europe. Nordea is headquartered in Stockholm and is listed on the local stock exchange. For the time being, this review will cover Nordea's services that might come in handy when visiting an online casino, such as credit cards as well as their instant banking options. T&C's apply to all bonus offers on this site. Click for a list of all banking methods.


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Nordea

How It Works?

First of all, it's important to note that some facts may change depending on your country of residence. That said, probably the easiest way to pay with Nordea is their instant banking option. Of course, the merchant site has to make it available for you to do so, so your options are a bit limited there. That said, if you do manage to find an online casino that has Nordea's instant banking available, know that this is the fastest way to pay and withdraw, granted that you're already a Nordea member. Making payments is easy – from the merchant site, you're redirected to Nordea, where you have to enter your user details and confirm the payment.

Your second best option to pay using Nordea's services are credit cards. Both Visa and MasterCard are represented and unlike the above service, you don't have to check whether the merchant offers Nordea Bank as a payment option.

That said, Nordea isn't a good alternative if time is an important factor. That's because it is a bank and you do have to open a checking account to use its services.

Security

Nordea is as secure as any other bank in the business. They are compliant with the Payment Card Industry (PCI) standards, meaning they have and maintain a secure network, protect cardholder data and implement strong access control measures. So, as with other banks, the weakest link is the end user’s computer. For example, in 2007, hackers managed to get away with over 1 million dollars’ worth of Nordea clients’ money by planting phishing software on their personal desktops. Therefore regular malware scans and up to date software are recommended.

Banking

Nordea's rates vary depending on your location. That said, probably your best bet is still the instant banking, which comes with minor fees or even free of charge in some cases, such as for customers who are under 20 years old.

Nordea's credit cards come with annual or monthly fees, and a small fee for issuing a card for the first time. That said, credit cards may have additional 2.5% commission in some casinos.

Summary

Nordea is one of the largest banks in Europe, especially the Northern region. They do personal banking, with over 10.5 million customers in 8 main markets, commercial and business banking, and offer wholesale and wealth management services.

Click to visit Nordea website.

Posted by CCJ Team