Instabank is a new digital bank offering savings and loans with flexible repayment individually adjusted for its customers. Instabank offers fast, intuitive and secure sales financing and payment solutions, which make sales easier, both for businesses and their customers. Instabank also provides insurance products.
Becoming a client of INSTABANK ASA can be done in a few steps:
Due to regulatory requirements INSTABANK ASA performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual INSTABANK ASA will ask him/her to provide the following documents: passport; proof of address. For corporate clients INSTABANK ASA will ask to provide corporate documentation as well as information about controlling persons. INSTABANK ASA may request additional documentation or information depending on the case. Account opening procedure is usually completed within a few minutes.
INSTABANK ASA is the 84th largest bank in Norway in terms of total assets. In 2019 its total assets were 3 540,82 mln NOK, providing the bank with the market share of 0.09%. INSTABANK ASA is the 18th largest commercial bank in Norway (out of 24 commercial banks) having market share of 0.14% amongst the banks of this category. In 2019 the bank's operating income was 54,97 mln NOK.
INSTABANK ASA participates in the deposit guarantee scheme of Norway. This deposit guarantee scheme applies to current accounts, savings accounts, time deposit accounts made by natural persons (Norwegian and foreign), legal entities (Norwegian and foreign) and covers up to up to 2,000,000 NOK per bank per depositor. INSTABANK ASA is a member of Norwegian Banks' Guarantee Fund (NBGF) and makes its contributions into it.
INSTABANK ASA is headquartered in OSLO.
INSTABANK ASA has profiles at the following social networks:
INSTABANK ASA is authorized and supervised by the Financial Supervisory Authority of Norway (reference number 816 914 582).