Transaction Account

Nordea transaction account guarantees additional safety for all parties involved in transa54347ctions with real estate, cars, shares or any other goods or properties.

The transaction account is a service that reduces the risks for buying and selling transactions.

The amount of money transferred by the buyer for goods or property is paid to the seller only after both sides have submitted all the contractual documents of the transaction account to Nordea Bank.


  • There is no limit on the transaction amount.
  • In order to purchase goods or property, the buyer has the possibility of getting a bank loan. See the Loans and leasing section.
  • None of the counterparties can access the funds until all documents have been prepared and submitted to the bank.
  • If during the duration of the agreement the transaction is not concluded, for instance, all the required documents are not submitted to the bank, the amount paid to the transaction account is refunded to the buyer.

General Terms and Conditions for Current Accounts (valid until 01.04.2014)Opens new window

General Terms and Conditions for Current Accounts (valid from 01.04.2014)Opens new window

A transaction account can be opened at any Nordea Customer Service Unit.

To open a transaction  account:

  • One of the parties involved in the transaction should have an open account at Nordea Bank or should open a current account at Nordea Bank.
  • Should present a passport or identity card.

Before a transaction account is opened, the buyer and the seller mutually agree on:

  • Supporting documents for the fulfillment of the transaction.
  • Document submission dates.
  • Transaction amount and payment procedure.
  • Commission payment procedure (to be paid by one of the parties involved in the transaction or jointly, with each party paying half).

Before opening a transaction account, we offer a consulatation with a Nordea bank expert on the procurement of the necessary documents to facilitate the transaction execution process.

  • An agreement on the transaction account opening is signed by the buyer, the seller and Nordea Bank.
  • An account is opened at Nordea Bank where the buyer deposits the appropriate amount of money for the goods/property.
  • The seller prepares the documents in accordance with the signed transaction account agreement and submits them to Nordea Bank.
  • When all necessary contractual documents of the transaction account are submitted, the seller receives the money and the buyer receives the originals of the documents, such as the land register certificate attesting the buyerʼs property rights.