Notice of pledge of funds

Pledging of funds

The pledgee must be a Finnish party. For the pledge of funds, we will need from you a signed agreement between the pledger and the pledgee. 

We will open a new corporate payment account for you in which the funds specified in the agreement will be pledged. We undertake to waive our right of set-off with regard to the funds in the account during the validity of the pledge. Once we have receive the form you submitted, we will open the account for you and send the account agreements for signing in our Company documentsOpens new window service.

After we have been notified that the account agreement has been signed, we will send a digital notice of the pledge to the pledgee with a time stamp. When it’s time to release the pledged funds, the pledgee must provide us with this digital notice of pledge.

The pledge of funds is subject to a fee set in our tariff. The fee is between 100 and 300 euros, depending on the amount pledged.

Release of pledged funds

A pledge can only be released by the pledgee.

Release of pledge with a digital notice

To release a pledge for which a digital notice of pledge was issued, send an email from your company’s email address to tilivarojenpanttaukset@nordea.comOpens new window. Write ”Release of pledged funds” in the subject field and include your phone number in the email. We will contact you through an encrypted email service and send you further instructions on how to release the pledge.

Release of pledged funds with a physical notice

When a pledge undertaking for the pledging of the funds in an account has been made on paper, it is always drawn up in three copies: one for Nordea, one for the account holder (the customer) and one for the pledgee (the beneficiary). You can see in the lower right-hand corner of the document to whom it is addressed (the customer, Nordea or the pledgee). 

When the pledging of funds in an account expires and it’s time to release the pledged funds, the original signed pledgee’s copy must be sent to Nordea:

• The pledgee’s copy must be the original one; we can’t release the pledged funds if, for instance, we receive a scanned copy.
• The pledgee’s copy must be sent by post to the address below. We can’t release the pledged funds if the copy is sent by email, via Nordea Omaposti or by other similar means.
  
  Nordea Bank Oyj
  1823 BBD Support
  5001230-1823
  00006 VASTAUSLÄHETYS
  
• The signature in the pledgee’s copy must be original and handwritten. We can’t release the pledged funds if the pledgee’s copy has been signed digitally. 
• If the pledgee is a company, the person signing the pledgee’s copy must be officially authorised (i.e. recorded in the Trade Register) to sign for the beneficiary company. 

If the original pledgee’s copy is lost or the pledgee wants to redeem a part or all of the pledged funds or the pledged funds are transferred to another beneficiary, please call Nordea Business Centre on 0200 26262Opens new window (local rates apply).