Avanza Bank AB is a digital bank that operates in Sweden and serves primarily private customers. Avanza Bank AB offers deposits, loans and securities trading.
Becoming a client of Avanza Bank AB can be done in a few steps:
Due to regulatory requirements Avanza Bank AB performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Avanza Bank AB will ask him/her to provide the following documents: passport; proof of address. For corporate clients Avanza Bank AB will ask to provide corporate documentation as well as information about controlling persons. Avanza Bank AB may request additional documentation or information depending on the case. Account opening procedure is usually completed within a few minutes.
Avanza Bank AB is the 17th largest bank in Sweden in terms of total assets. In 2019 its total assets were 39 298,00 mln SEK. Avanza Bank AB had 340 employees in 2019.
Avanza Bank AB participates in the deposit guarantee scheme of Sweden. This deposit guarantee scheme applies to deposits in all types of accounts made by private individuals, legal entities and covers up to up to 950,000 SEK per bank per depositor. Avanza Bank AB is a member of Swedish National Debt Office (SNDO) and makes its contributions into it.
Avanza Bank AB is headquartered in Stockholm.
Avanza Bank AB is authorized and supervised by the Financial Supervisory Authority.