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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.

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.

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 100,000 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.

Book-entry account
Terms and conditions

Charges and custody fees for book-entry accounts

Tariff for book-entry accounts
PaymentsAdditional information
Custody fees

EUR 0–2.45 per month

  • You will not be charged any custody fees on your book-entry account if you have executed at least one trade that is subject to a brokerage fee during the previous quarter. 
  • If no trades subject to a brokerage fee were executed on the book-entry account in the previous quarter, we will charge a custody fee of EUR 2.45 every month of the quarter in question.

Transfer of an account from another bank to Nordea (only applies to Finnish equities and the transfer of an entire book-entry account) 

EUR 0

Plus the transfer costs of foreign securities, if any, in accordance with our tariff.

Transfer of an account to another service provider (only applies to Finnish equities and the transfer of an entire book-entry account)

EUR 0

Plus the transfer costs of foreign securities, if any, in accordance with our tariff.

Transfer of foreign securitiesEUR 70 per security
Debit date
  • The year is divided into four quarters.
  • The custody fee will be charged for the current quarter if you did not execute any securities trades in the previous quarter.
Custody fee rules apply to all the accounts of an individual customer

If you have, for example, two book-entry accounts and an equity savings account, you will get free custody for the next quarter if you execute one trade on any of these three accounts. This means that just one trade for which you pay a brokerage fee will remove the custody fees for all three accounts.

Note. Your brokerage fees do not apply to other people’s book-entry accounts you are authorised to use (for example, your child’s). You have to execute one trade on such accounts, too, to get their custody fee removed for the next quarter. 

Example
  • A fee will be charged for July, August and September if no trades are executed on the book-entry account in April, May or June. The fee for July is debited in August, the fee for August is debited in September and the fee for September is debited in October.
  • If you execute a trade in April, May or June, you will not be charged a custody fee for July, August and September.
  • Even one transaction with a brokerage fee is enough.

Fees and charges collected by other parties

Besides the service fees payable to Nordea, you will have to pay any fees and charges that Nordea has to pay to 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 Nordea’s fee. The administration fees vary by programme and are not known in advance. We advise you to read about ADR and GDR programmes directly either on the issuer’s website or through the company’s investor relations.

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