Use this FAQ to find out more about our real-time payment routes for local DKK, SEK and NOK.
What information do I need to provide?
To send local NOK, SEK and DKK payments we need you to provide the locally formatted bank code and account number for all three currencies. Table 1 below shows you the format required.
You should be aware that it is not possible to break down the beneficiary account IBAN into the locally formatted details for SEK. This will create delays in your transition so please make the changes as detailed.
| Currency | Bank number | Account number |
|---|---|---|
| DKK | 4 digits | 4-10 digits |
| NOK | 4 digits | 7 digits |
| SEK | 4-5 digits | 1-15 digits |
Table 1
I make payments using Currencycloud Direct, how do I provide this information?
If you’re using Currencycloud Direct, you’ll see fields on the ‘create beneficiary’ screen prompting you to provide the information listed in Table 2 below.
I make payments using the APIs, how do I provide this information ?
If you’re using our Create Beneficiary API endpoint, the fields listed in Table 2 below are mandatory.
What are the fields that I need to provide?
| Fields required | Notes |
|---|---|
| routing_code_type_1 | You will need to populate this with 'bank_code'. |
| routing_code_value_1 | You will need to enter the local bank code formatted as shown in the table above. |
| account_number | You will need to enter the local account number formatted as shown in the table above. |
Table 2
What are the payment limits and delivery time frames?
When making a payment in DKK, NOK or SEK, you should be aware of the following payment limits and delivery time frames:
| Currency | Maximum payment size | Payment scheme | Delivery time frame |
|---|---|---|---|
| DKK | Up to 500,000 | Straksclearing Instant | Instant |
| Over 500,000 | Intradagclearing | Same day | |
| NOK | 25,000,000 | Norwegian Interbank Clearing System | Same day |
| SEK | No limit | Internal transfers where our partner holds an account (90% coverage), all other payments will go via RIX | Instant (internal transfers) or Same day (RIX) |