Book-entry account and securities custody

Investors need to open an electronic book-entry account for the custody of equities and other securities. Opening a book-entry account is easy, and once you have it, you can start trading in Netbank.

What is a book-entry account?

When you buy equities or other securities, you don’t receive any traditional printed certificates but your holdings are recorded in the book-entry account instead. In other words, you need to open a book-entry account to store these electronic holdings and to use our trading service in Netbank.

In Finland, book-entry accounts are managed by securities brokers, which facilitate all trading in securities. Nordea is one of many securities brokers in Finland, and our customers can easily open book-entry accounts in Netbank.

Once you have opened a book-entry account to store your securities, you will find more information about your holdings, such as their amount and type, in your account. When you have a book-entry account, you can also start using our trading service in Netbank.

Please keep in mind that a book-entry account is not suitable for storing money or paying bills, for example. For these, you need a regular bank account.

All of your holdings are entered in the Finnish book-entry register, which is managed by a securities depository called Euroclear Finland Oy.

Book-entry account vs. equity savings account

Book-entry accounts and equity savings accounts have different characteristics. You may have both a book-entry account and an equity savings account at the same time.

Book-entry account

  • With a book-entry account, you can trade in Finnish and international shares, ETFs, funds, listed products and unlisted shares.
  • There is no limit to the amount of money you can transfer to your book-entry account.
  • Any realised profits and dividends from your book-entry account will be taxed annually.
  • You may have more than one book-entry account.

Equity savings account

  • You can only trade in Finnish and international shares with an equity savings account.
  • The greatest benefit of an equity savings account is that you don’t incur any direct taxes. 
  • You can deposit a maximum of 50,000 euros to your equity savings account in instalments or in one go.
  • You can only transfer money to your equity savings account, not share holdings.
  • You may only have one equity savings account at a time.

Book-entry account and securities custody: pricing

The custody for the securities is free of charge for the next quarter if you accumulate brokerage fees during the calendar quarter through securities trading. Every brokerage fee paid during the quarter will count towards the accumulated brokerage fees. The free custody concerns both Finnish and international asset classes. Custody is also free of charge if your book-entry account is empty. If you do not execute any transactions during the calendar quarter, the custody fee will be charged in accordance with the tariff.

Prices - Safe keeping

Prices for Safe keeping

  • Besides the service fees payable to the bank, the customer will pay any fees and charges charged to the bank by Euroclear Finland Oy, sub-custodians and other third parties.
    For example, the custody of depositary receipts (ADR and GDR) is subject to an administration fee in addition to the bank's fee. The administration fees vary by programme and are not known in advance. We advise investors to follow ADR/GDR programmes directly either through the issuer's website or the company's investor relations.
  • The custody for the securities is free of charge during the following quarter if you accumulate brokerage fees during the calendar quarter through securities trading. Every brokerage fee paid during the quarter will count towards the accumulated brokerage fees. The free custody concerns both Finnish and international asset classes. Custody is also free of charge if your book-entry account is empty.
  • If you do not execute any transactions during the calendar quarter, the custody fee will be charged in accordance with the tariff. See list of prices and tariffs here.

Prices for Safe keeping

  • Besides the service fees payable to the bank, the customer will pay any fees and charges charged to the bank by Euroclear Finland Oy, sub-custodians and other third parties.
    For example, the custody of depositary receipts (ADR and GDR) is subject to an administration fee in addition to the bank's fee. The administration fees vary by programme and are not known in advance. We advise investors to follow ADR/GDR programmes directly either through the issuer's website or the company's investor relations.
  • The custody for the securities is free of charge during the following quarter if you accumulate brokerage fees during the calendar quarter through securities trading. Every brokerage fee paid during the quarter will count towards the accumulated brokerage fees. The free custody concerns both Finnish and international asset classes. Custody is also free of charge if your book-entry account is empty.
  • If you do not execute any transactions during the calendar quarter, the custody fee will be charged in accordance with the tariff. See list of prices and tariffs here.

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