Nordea

Nordea is one of the oldest banking institutions in the world and also among the largest in Europe. That’s why many online casino players use it as their preferred banking method.

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These Casinos Accept Nordea Payments

Nordea is one of the most reputable banking institutions, boasting more than 300 branches worldwide. It’s also one of the oldest financial services in the business, with over 200 years of experience. That’s why it comes as no surprise that many online casino players choose Nordea as their preferred banking method.

Our experts at OnlineGambling24 joined forces to bring you this detailed review of Nordea and its services. Below you can find everything you need to know about this payment method, from deposits to timeframes and fees, how to use it, and many more. We’ll also cover the company’s history. The famous writer Hans Christian Andersen was one of Nordea’s customers, and although he didn’t use it for online gambling, he made millions by saving his money in this bank.

What is Nordea?

Nordea is a banking method popular with players from Scandinavia. It’s a reputable and secure financial service, enabling its customers to enjoy their gambling online seamlessly. Established in 2000, Nordea today boasts over 11 million customers worldwide. The service is among the best banking institutions on the continent, processing payments in many currencies, including EUR, GBP, USD, DKK, NOK, SEK, PLN, and SGD.

Nordea is a very popular online payment method in Finland
Nordea is a very popular online payment method in Finland

Account

You can open a Nordea account online. Visit the bank‘s website, and click the “Become a customer” section. Before the process starts, you‘ll have to agree to the terms and conditions. After clicking the “Proceed to identification” button, a new page will take you to the bank‘s authentication service. Be sure to have online banking codes from one of the cooperating banks from your country. Submit them to complete the authentication procedure successfully. Once everything is done, you‘ll be directed back to the service you wish to use.

You‘ll then have to confirm the country of your residence. We must point out that a good credit history is necessary to approve your request. It may take a couple of days for it to be completed, but once you receive the approval, you‘ll get an SMS telling you to log into the service. As a new customer, you‘ll get an account, the corresponding access codes, and the bank‘s credit/debit card. Online banking codes will come in handy to access Netbanks and mobile payment services.

Netbank is Nordea‘s most popular service for online casino players. To access it, you‘ll need to choose an identification method. After completing the verification process, you‘ll be able to use Netbank. You‘ll also need the Nordea Code app, which is required to authenticate your identity and greenlight your online transactions. The activation code is sent via SMS, along with an OTP. Enter both of them, then pick your username and PIN. That‘s it! Trust us; the process is not as complicated as it seems.

You can now download the app. After choosing your country and preferred language, select the “Activation code” option. Define your PIN, which is used for logging into the bank‘s services.

Company

The origins of Nordea can be traced back to the nineteenth century. The first bank in Denmark was founded in 1820, followed by Sweden, Norway, and Finland. However, the latter was the first to introduce a saving box in the early 1900s. In the 1950s, In places where there were no branches, so-called “bank buses” were used to serve customers. The 1960s saw the introduction of drive-in banks, while ATMs soon replaced them.

Mobile banking was introduced in Nordic countries during the 1980s. The bank’s first office outside Europe was opened in China in the mid-1980s. In 1995, Nordea opened its office in Estonia, and by the end of the twentieth century, it expanded to Poland, Latvia, and Lithuania.

The modern Nordea was established in 2001 after the four remaining banks merged into a single business entity. That same year, the company opened a new office in China, and by 2004, it had become the most prominent internet bank. On May 1, 2020, Nordea celebrated an important milestone: 200 years from the foundation of its Danish predecessor.

Facts

Nordea logo small og24

Payment TypeBank payment
HeadquartersHelsinki, Finland
Launched2001

Pros

  • Excellent option for Nordic online casino players
  • Highly secure and reputable banking method
  • Very easy to use

Cons

  • Customers must open a bank account
  • Doesn’t support online casino withdrawals

How to Deposit?

You can use this payment service to fund your online gambling balance easily. However, you must open an account at Nordea first. To deposit at your online casino, visit the cashier page, where you‘ll find this payment method. Keep in mind that the service can be displayed as Nordea or Netbank.

After choosing it as your preferred payment method, you‘ll be redirected to the bank‘s login page. Enter Netbank Access Codes to log into your account. All you need to do is enter the amount you wish to deposit and verify the transaction.

You can also use Nordea mobile app to make online casino deposits via your smartphone or any portable device.

How to Withdraw?

Unfortunately, you can‘t use Nordea to make online casino withdrawals. That‘s why we suggest checking other withdrawal methods offered by your online casino.

FAQ

Currently, Nordea is available in 20 countries: Denmark, Norway, Sweden, Finland, the United Kingdom, Spain, France, Portugal, Germany, Austria, Italy, Luxembourg, Switzerland, Estonia, Russia, the United States, Chile, Singapore, and China.

You can use Nordea for depositing at online casinos. However, you have to choose another banking method to withdraw your money.

All deposits made through Nordea are processed instantly or within a few minutes.

Transfer Time and Fees

When depositing with Nordea, the funds will appear in your balance immediately. However, it may take up to 10 minutes at some casinos to complete the process. In most cases, they will be processed instantly. One of the main benefits of using Nordea as a preferred payment method is that the service comes with no fees for topping up your account. Nordea imposes a small fee for using the access codes for other services, such as Netbank. A one-time access code payment is €50 and a €3 monthly fee.

Using your current account costs €2 every month. Nordea Mastercard monthly fees vary from €2.5 to €7.5. There are no charges for the bank’s debit card, although Electron costs €2.5 per month. Nordea also charges exchange rates for international bank transfers. Currently, the conversion charge for transactions in a currency other than the euro is set at 2.25%.

Security

Nordea pays particular attention to the security of the services it offers. Netbank is regarded as one of the most reliable methods for depositing at online casinos. The bank uses the latest security system, utilizing multi-factor authentication. Each transaction is verified through one-time access codes, while payments are authenticated using a unique Nordea ID, and a PIN users define when setting up the app.

The mobile app offers additional protection by using fingerprint login (for devices running iOS) and Face ID. Web Netbank features SSL encryption, meaning all transactions and personal and banking details are protected.

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