BRABANK ASA

Business Summary

Services
retail banking
Clients
natural persons
Products
current accounts
savings accounts
time deposit accounts (0.25 - 0.25 %)
debit cards
credit cards
consumer loans
Area Served
NONorway
SESweden
FIFinland
ATAustria
DEGermany
ESSpain
FRFrance

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.

Account Opening

Account Opening Procedure
completely online
performed within a few minutes

Opening an account with BRABANK ASA can be done by performing the following steps: completely online. It usually requires about a few minutes.

Required Documents
passport
proof of address
application form

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.

Identity Verification
passport
any one of the documents above
Address Confirmation
proof of address
any one of the documents above
Current Occupation
Income Source
Forms
application form
all the forms from above

BRABANK ASA may require additional documentation or information depending on the case.

Ways to Bank

Business Channels
online banking online banking
mobile app mobile app

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.

Mobile Application: BRA kreditkort

BRA kreditkort
BRA kreditkort
BRA kreditkort
BRA kreditkort
BRA kreditkort Supported Languages
NONorwegian

Products

Time Deposit Accounts

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 However the money deposited to such account cannot be withdrawn for a specified period of time (term).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

BRAbank
Sales Region
ESSpain
Investment Amount
5,000 - 100,000 EUR
Interest Rate (p.a.)
0.25 %
Deposit Term
12 months
Time Deposit Account Details
Product Name
BRAbank
Account Currency
EUR
Min. Interest Rate (p.a.)
0.25 %
Max. Interest Rate (p.a.)
0.25 %
Min. Deposit Term
12 months
Max. Deposit Term
12 months
Min. Investment Amount
5,000 EUR
Max. Investment Amount
100,000 EUR
Interest Frequency
12 times a year

ESSpain: 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.

See Also

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