To open a rental security deposit account, you have to open a new corporate current account. You can open one in a phone meeting. The account is pledged as security for the fulfillment of a main agreement. A security deposit account can be opened as security for a rental agreement, as well as other agreements concerning a loan, the delivery of goods or the performance of work. The pledge is based on an agreement between the account holder and the recipient of the pledge (i.e. the lessor) that includes the terms and conditions of the pledge. The account is opened in the tenant’s name. A Notification of Rental Security Deposit form is given to both the lessee and the lessor as proof of the opening of the account. On the same form the lessor renounces his or her rights to the account upon termination of the tenancy. Principles of the rental security deposit: the lessor may withdraw funds from the account without the bank’s or the lessee’s consent  if the lessor withdraws all the funds from the account, he or she is entitled to close the account at the same time  the rental security deposit can be transferred if the lessor changes  the account holder can ask Nordea to send an account statement or personally check the account’s transactions through Netbank Nordea will charge a fee in accordance with its tariff for the Notification of Rental Security Deposit form.  You must deliver the rental agreement to Nordea as the details of the agreement are needed when opening the account. You can open a rental security deposit account in a phone meeting, which you can schedule by calling Nordea Business Centre, tel. 0200 26262Opens new window (local rates apply), Mon–Fri 9.00–16.30.