How to open a bank account in Danske Bank A/S

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Relationship was terminated

In 2007 SAMPO Bank was sold to Danske Bank. Since 15 November 2012 the name of the bank has been Danske Bank. October, 2018 Danske Bank is in dialogue with the US authorities regarding the Estonia case

Relationship was terminated

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+44 0 207 822 85 93

General information and rating

Not rated

Global rating

Not rated

Countrywide rating

1

Countrywide rating of the head bank

52

Global rating of the head bank

Year of foundation

1992

History

Founded in 1992 and initially named Estonian Forexbank. In 1998, it merged with Estonian Investment Bank. In December 1998, the bank got the name of Optiva Bank. In 2000, Sampo Finance Ltd acquired shares in Optiva Bank and from 29 December 2000 the bank is officially named Sampo Pank. From 1 February 2007, Sampo Pank has been part of Danske Bank Group. From 1 June 2008, Sampo Pank has operated as a branch of Danske Bank. The new commercial name of the bank is Estonian Branch of Danske Bank A/S. But the trademark name is still Sampo Pank

Personnel

Personnel speak Russian and English languages

Bank’s shareholders

Approximately 330 000 shareholders. AP Moller-Maersk Gruppen, Copenhagen holds more than 22,3%; Fonden Realdania (Copenhagen holds) - 11,8%;

Confidentiality

AML legislation is strictly observed; Active member of OECD, FATF, Basel Commitee, Egmont Group etc.

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Minimum requirements

—

Minimum balance, €

—

Transactions permitted per month

0

Initial deposit of funds, €

No restrictions

Deadline for the initial deposit, month

How fast payments are executed

For ordinary and urgent international payments – one banking day after the international payment instruction is accepted for execution. For urgent international payments, the value date is the banking day on which the payment instruction is accepted for execution

Tariffs and services

32

Outcoming transfer, €

6

Incoming transfer, €

360

Account maintenance, €/year

N/A

Payment limit for credit cards, €/day

Outcoming transfer, €

Outgoing transfer – from 0 to 32 EUR (ordinary payment – 6,4 EUR; urgent payment – 12,8 EUR; extra urgent payment - 32 EUR)

Incoming transfer, €

Incoming transfer – from 0 to 6,5 EUR

Account maintenance, €/year

Personal account maintenance: no charge. Resident company account maintenance: no charge. Non-resident company account maintenance: 360 EUR per year. Individuals are not charged for opening an account. Account opening for a non-resident company is 200 EUR. Cash payments: 0,4% of the total amount (a minimum of 1,9 EUR)

Distant access to the account

Sampo Internet bank, Sampo telephone bank

Financial products

Universal banking products, including documentary payments and trade financing. The bank also has developed a private banking programme under which the client is offered various instruments for investments and savings

Credit/debit cards

MasterCard; Visa; Freestyle. Debit cards: monthly charge on MasterCard - 0,32 - 2 EUR; monthly charge on Visa - 0,32 - 2 EUR. Credit cards: MasterCard annual fee - 20 - 50 EUR. Freestyle interest rate - 21% per annum from the amount of drawdown limit

Hold mail

Sending a statement by mail: 0 - 5,11 EUR. Sending a statement via Sampo internet - bank: free of charge

Account opening procedure

Days to open for incoming transfers

case by case

Days to open for outcoming transfers

case by case

References

Not necessary

Purpose of the account

Current

Visit to the bank

Before the account is opened, the bank officer needs to meet the potential client. The parties may agree to meet either in Estonia or representative office of the bank or with the bank officer travelling to the client’s country of residence

Required

Original and photocopy of constitutive documents of the company and international passport of director (or attorney)

Types of accounts

Current

Opening procedure and Due Diligence

It is possible to open an account without visiting the country where the bank is located

Chances to open an account

Predictable

Business description

Reasonably detailed: the bank would like to have the information on the sources of funds, together with the business description.

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How to open a bank account in Danske Bank A/S

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General information and rating

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Account opening procedure