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Deposit account

  • Security for yout tenancy
  • Quick and easy set up
  • Full transparency for both parties

Get financial security with our deposit account. 

Our deposit account provides security for both tenants and landlords in rental agreements. The funds are locked in the account and can only be released upon mutual agreement or by court order.

The account is easily created electronically and signed by both parties via online banking. Both the landlord and tenant have full oversight of the deposit throughout the entire rental period.

 

Why choose our deposit account?

Our deposit account provides security for both parties by ensuring that the money is safely held throughout the entire rental period. Setting up the account is easy, with the option for digital signing by both the landlord and tenant. This makes the process quick and efficient. Both the landlord and tenant have access to the account information at any time, allowing them to keep track of the deposit.

How to create a deposit account

  1. Register the tenant: Tenants who are not customers must register digitally to create a deposit account.
  2. Create deposit account: The tenant creates a deposit account and deposits the required amount.
  3. Submit rental agreement: One of the parties submits the signed rental agreement via online banking.
  4. Signing and blocking: A deposit agreement is sent out for signing with BankID by both parties. Once the agreement is signed, the account is blocked for both parties.
  5. Completion notification: We will notify both parties by SMS when the account is ready.

Closing the deposit account

When the tenancy ends and the landlord and tenant agree on the distribution of the deposit, they can close the deposit account. To close the account, both the landlord and tenant must send a message from their online or mobile banking confirming that the amount should be paid out. The money will then be paid out in accordance with the agreement between the parties.

Did you know? 

Deposit accounts are required by law to protect both landlords and tenants.The fee for setting up a deposit account must be covered by the landlord, according to the rental act.

Our prices 

  Overview of prices, interest rates, and fees.  

Deposit Account

Deposit Account*
Effective interest rate  0,50 %
Establishment fee (paid by owner) 500 NOK