Swedish bank ‘bumps’ Norwegian customers / News / The Foreigner

Swedish bank ‘bumps’ Norwegian customers. Nordic corporate bank SEB is telling thousands of its Norwegian accountholders that their balance will no longer meet certain financial threshold requirements in the near future. The financial institution says the move is sparked by them wishing to focus more on investments rather than regular banking services. 7,000 affected customers with a balance of less than NOK 1 million (some USD 172k/EUR 131.6k/GBP 112.4k) should think about their holdings, according to the bank.

norwaymoney, wealthynorwegians



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Swedish bank ‘bumps’ Norwegian customers

Published on Friday, 19th April, 2013 at 09:28 under the news category, by Michael Sandelson   .
Last Updated on 19th April 2013 at 10:28.

Nordic corporate bank SEB is telling thousands of its Norwegian accountholders that their balance will no longer meet certain financial threshold requirements in the near future.

Thousand-kroner notes
Thousand-kroner notes
Photo: Norges Bank


The financial institution says the move is sparked by them wishing to focus more on investments rather than regular banking services.

7,000 affected customers with a balance of less than NOK 1 million (some USD 172k/EUR 131.6k/GBP 112.4k) should think about their holdings, according to the bank.

“Those with under this sum may get a higher rate of interest at other financial institutions,” Paul Bergskaug, SEB Head of Marketing & Communications tells The Foreigner.

SEB’s rates on these accounts will decrease to 0.1 per cent, and fees for holding them will begin to accrue from the autumn.

Moreover, 500 customers with little in their accounts might wish to close these before 1 May 2013 if they wish to avoid charges to do this. The bank informed them in an email sent out earlier this week.

“We’re advising those with so-called passive accounts with a balance lower than NOK 6,400 (about USD 1,100/EUR 843/GBP 720) consider taking their business elsewhere,” says Mr Bergskaug.

Wealth-festooned customers with at least NOK 25 million (some USD 4.3 million/EUR 3.2 million/GBP 2.8 million) will receive service with a smile.

SEB is particularly interested in being best at tending to Norway's 500 richest persons, who they say have an average wealth of several million kroner, reports business daily Dagens Næringsliv.



Published on Friday, 19th April, 2013 at 09:28 under the news category, by Michael Sandelson   .
Last updated on 19th April 2013 at 10:28.

This post has the following tags: norwaymoney, wealthynorwegians.





  
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