New National Private bank knows treasuries. 140 years of working with some of the very best treasuries in the world has given us a solid knowledge and understanding of advanced treasury solutions. This knowledge we want to share with you.

New National Private bank offers full-scale cash management services and tailored solutions to match our clients’ complex requirements. Our “One bank, one system” concept, a single technology banking platform, allows you to view and manage financial positions – across international borders, in real time.

At New National Private bank, we work with a client centric approach and engage in long-term strategic partnerships with clients. We use an advisory methodology to run through the different processes of your treasury organisation. We work with you to establish the key aspects of your financial value chain, evaluating how they work today and looking at how they will work in the future. As a result, our advisory concept provides you with the implications and return on investments of strategic initiatives. We support you in making the right decisions, and enable you to benchmark your financial processes against the best-in-class.

Offshore Personal Account

Offshore current account offers a quick and easy management of your cash

The bank accounts will have online banking including the ability to send outgoing wire transfers. You will be able to get a Visa card and an ATM card as well.

The jurisdictions and banks we use all have bank secrecy with serious penalties for any violations. The jurisdictions we use do not impose any taxation on offshore-derived income (offshore to the country where the bank is).

There is not even a need to file any tax returns if all the income is offshore to the jurisdiction where the bank is located.

What is the current account?

An account for your operations:

  • Salary domiciliation
  • Receive your commissions
  • Transfers
  • Withdrawals
  • Standing orders
  • Multiple currencies

To make your life easier, your current account offshore is available in multiple currencies

  1. Euro (EUR)
  2. British pound (GBP)
  3. U.S. Dollar (USD)
  4. Swiss Franc (CHF)

Offshore Merchant Account

If you run an offshore business or are simply having difficulty finding merchant facilities locally, an offshore merchant account is something that you should consider.

Sourcing and maintaining merchant facilities at your local bank can sometimes seem almost unfeasible due to the rigorous conditions always implemented.

We are very pragmatic, and are keen to earn your business and create a long term relationship.

Group Cash Pool

Reduce your Inheritance Tax in using offshore structures

Inheritance Tax can cost loved ones hundreds of thousands in the event of your death, yet it’s possible to legally avoid huge swathes of it, or possibly pay none at all.
The most important thing to do is examine whether you’ll pay and what to do about it. You can enjoy a tax free account with us.

Non-Resident Account

Who can open a non-resident account?

A non resident account is an account open in your country of residency.

Any Holder of current account anywhere in the world can open a bank account abroad to enjoy the flexibility, tranquility and reduced management costs of an offshore banks.

It might be necessary to declare it to the tax authorities of your country of residence but the it is not mandatory for the banks to make such reports. Contact us for more details.

Multicurrency Solutions

New National Private bank offers you full visibility and control of liquidity across companies, borders and currencies with only one multicurrency account.

  • Only one account
  • Full visibility and control
  • Across companies, borders and currencies
  • Optimising short-term credit facilities
  • Real-time updating
  • Flexible and efficient solution

Multicurrency Cash Pool
With the Multicurrency Cash Pool structure, you simply add a multicurrency account on top of your current account structure tailored to your needs.
You optimise liquidity management across the group, while still allowing subsidiaries full access to their accounts for the handling of their day-to-day business.
You can also use this solution as an overlay bank structure by adding accounts held with other banks to the Multicurrency Cash Pool with Danske Bank.

Visibility
The Multicurrency Cash Pool provides you with an online real-time updated view of the overall liquidity position of your group on only one screen in our web-based Business-system. We can also provide flexible reporting to update your TMS or ERP system.

Control
With liquidity automatically pooled into a single account, you gain full control over liquidity flows in each of the currencies used.

Efficiency
Our flexible liquidity solutions enable us to tailor the account structure to meet your requirements for efficient and smooth handling of day-to-day business.

Optimising short-term credit facilities
By pooling liquidity into the Multicurrency Cash Pool account, you can reduce your need for short-term credit facilities – you need only one facility on the multicurrency account to cover the net funding need of your entire group – and you will improve your balance sheet.

Subsidiaries
This solution helps you optimise liquidity management without influencing the day-to-day business of subsidiaries. They will have their own accounts and tailor-made reporting for the ERP system.

Multicurrency Interest Netting
New National Private bank also offers interest netting across national borders and currencies – a valuable supplement to the cash pool solutions. With our Multicurrency Interest Netting solution, you can optimise the interest positions on the credit and debit balances of all operating accounts with New National Private bank branches in Denmark, Sweden, Norway, Finland, Germany, Poland, the UK, and Ireland.