BRABANK ASA provides services in the area of retail banking. BRABANK ASA offers a range of products including current accounts, savings accounts, time deposit accounts (0.25 - 0.25 %), debit cards, credit cards, consumer loans. BRABANK ASA makes its solutions available to natural persons.
Opening an account with BRABANK ASA can be done by performing the following steps: completely online. It usually requires about a few minutes.
BRABANK ASA requires the following documents to open a personal bank account: passport; proof of address; application form.
While opening a bank account BRABANK ASA has to perform KYC procedure and comply with AML requirements. KYC procedure usually includes obtaining the information about customer identity, residential address, current occupation and source of income. KYC checks performed by BRABANK ASA and the documents used are outlined below.
BRABANK ASA may require additional documentation or information depending on the case.
BRABANK ASA operates as a direct bank without a branch network. Products and services offered by BRABANK ASA are available via online banking, mobile application.
Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).
BRABANK ASA offers the following time deposit accounts.
Updated on 27 October 2020
Spain: This product is offered to Spanish residents only. When clicking on the product link you will be redirected to the product page in Spanish.
Deposit Guarantee. Time deposit accounts made with BRABANK ASA are covered by deposit guarantee scheme of Norway up to 2,000,000 NOK per depositor.
Withholding Tax. Interest income gained on time deposit accounts is not taxed in Norway for both residents and non-residents.