Nordnet launches currency accounts for endowment insurance

Today, Nordnet introduces currency accounts for endowment insurance (kapitalförsäkring) in Sweden. This gives Nordnet’s Swedish customers the ability to manage cash in six different currencies directly within their endowment insurance. This means that customers will no longer need to make a currency exchange for every trade in foreign securities.

Nordnet continues to improve its offering for more active and stock-focused customers. With one or more currency accounts linked to an endowment insurance, private savers can now manage their foreign stock transactions more cost-effectively than before. By taking control of the exchange timing and managing their currency exposure independently, customers avoid automatic exchanges and associated fees with each transaction. This is particularly beneficial for investors who frequently trade foreign securities.

"Currency accounts for endowment insurance give our customers increased control and flexibility, as well as significantly lower transaction costs when trading foreign stocks. This launch is an important part of our continued commitment to offering the best tools for active savers, and it concludes a very productive first half of the year in terms of presenting new functions and features to our customers," says Gabrielle Hagman, Country Manager Sweden at Nordnet.

In addition to SEK, Nordnet's customers will be able to hold cash balances in EUR, NOK, DKK, USD, and CAD within their endowment insurance. Opening and holding currency accounts is free of charge. A currency exchange fee of 0.075 percent will be charged upon exchange. The service is offered to customers who are part of either the Private Banking or Active Trader segment. Currency accounts are already available on the ISK (investment savings account) in Sweden and regular trading accounts across all Nordnet’s markets.

Nordnet is a pan-Nordic leading digital platform for savings and investments. Through innovation, simplicity and transparency, we challenge traditional structures, and give private savers access to the same information, tools and services as professionals. Visit us at www.nordnetab.com, www.nordnet.se, www.nordnet.no, www.nordnet.dk or www.nordnet.fi.

For more information, please contact:

Johan Tidestad, Chief Communications Officer
johan.tidestad@nordnet.se, +46 708 875 775

Marcus Lindberg, Head of Investor Relations
marcus.lindberg@nordnet.se, +46 764 923 128

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