Handelsbanken in the United States

We provide financial solutions for corporate banking clients and institutions.
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Global presence – local knowledge

Long-term relationships in the US

Handelsbanken has been present in New York since the early 1960s. Since then, we have supported corporate customers doing business in the US. We are proud of the long-term relationships we have built and look forward to further partnerships in the years ahead.

With a range of financial solutions such as corporate banking including cash management, international trade and capital markets, we help corporate customers create a strategy that addresses their goals. We also support home market customers with investor relations, arranging roadshows and connecting them with investors in the US market.

In addition, the New York Treasury team manages the Bank's USD short term funding, thus serves as an important function for the Bank's central liquidity management.

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Products and services in the United States

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Corporate accounts

Our corporate account is designed to support your day-to-day banking needs. You can manage your bank accounts wherever you are, at any time of the day, using our online banking service GlobalOn-Line. It's easy and safe and offers access to your accounts 24 hours a day. You will also get a direct number so that you can speak straight to your account manager about your banking needs.

Legal information for opening a new account
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Cash management

We have the solutions to help your business, whether you're making or receiving payments, or if you simply want full control over your working capital. Our secure online banking service, GlobalOn-Line, is just one example. And with a CashPool you can link together individual accounts or account structures to utilise intragroup liquidity. Whether you're making regular cross-border payments or a one-off transfer, there are many elements that need to be considered, such as fluctuating exchange rates. We can help you.

Automated Clearing House (ACH) is an electronic network for financial transactions in the United States. ACH processes large volumes of credit and debit transactions in batches. ACH credit transfers include direct deposit, payroll and vendor payments. A wire transfer is an electronic transfer of funds across a network administered by hundreds of banks around the world. Wire transfers allow for the individualised sending of funds from entities to other individuals or entities.
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Check services 

In the United States, the most common payment method is still the check. Efficient handling of checks is essential to maximise cash flows and gain control over corporate payments. In order to help speed up the process of clearing checks we provide Automated Wholesale Lockbox and Remote Check Deposit. We also provide Controlled Disbursement services through a relationship with Bank of New York Mellon.
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Financing

We concentrate on developing the most appropriate financing solutions to give you the financial freedom to expand your business. If you need help to cover temporary shortage of cash, an overdraft facility may be the answer. It is easy to arrange and you only pay interest on what you use. If you’re looking to invest in your business, we may be able to help. We offer a wide range of loan products to help you meet both your short term and long term financial obligations. 
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Trade finance

For international and domestic transactions, we can provide you with a standby letter of credit (SBLC). It is a guarantee with the format of a letter of credit (L/C) and is governed by the agreement you and your business partner enter into. There are different types of standby letter of credit to choose from depending on the needs of your company, for example insurance-related, performance bond, bid bond, guarantee of industrial revenue bond, reinsurance related, substitute for collateral and rental guarantee.
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Treasury services

Our experienced team of professionals will work closely with you to ensure that you get the best possible solution to meet your specific needs. We offer a full range of services including: money market, deposits and loans, CDs, reverse repos, foreign exchange spot, forwards, options and emerging markets, swaps and other derivatives as well as Nordic fixed income instruments. Our broad range of treasury services are backed by our highly rated market research. Research encompasses traditional credit research as well as macroeconomic research and quantitative analysis.

GlobalOn-Line

People in an office

Present in more than one country? With GlobalOn-Line you will have direct access to summarised account information for all your international accounts. You will be able to execute payments and transfers, no matter where you are. The service is available 24 hours a day, seven days a week. 

Features include:

  • summarised account information 
  • intra-group transfers
  • local and cross-border payments
  • services in co-operation with other banks.

Contact us

Address

Handelsbanken New York Branch 
900 Third Avenue, 17th floor
NEW YORK, NY 10022-4792
USA 

SWIFT/BIC code: HANDUS33

E-mail

newyork@handelsbanken.se

Telephone

Tel: +1 (212) 326 5100
Martin Blåvarg, General Manager
Tel: +1 (212) 326 5178
Tamara Hunter, Head of Risk and Regulatory Management

Tel: +1 (212) 326 5150
Jonathan Howard, Head of HR

Tel: +1 (212) 326 5109
Beatrice Wassing, Head Corporate Banking

Tel: +1 (212) 326 5187
Ken Murakami, Head of Treasury

Tel: +1 (212) 326 5153
Micaela Grimm, Head of Handelsbanken Markets Securities

GlobalOn-Line support 24/7  

Tel: +46 (0)771 519 700 

Complaints

We take complaints very seriously as they offer us the opportunity to improve our services. Do you have a complaint regarding a specific matter? Here you will find more information about complaints handling in Handelsbanken.

Complaints in the United States

Important notices

Bail-in Powers

By entering into transactions, with Svenska Handelsbanken AB (publ), New York Branch, you  acknowledge, and consent to the following terms regarding contractual provisions:

Svenska Handelsbanken AB (publ) is subject to the exercise of Swedish Statutory Loss Absorption Powers by the Swedish National Debt Office (“SNDO”).   By entering into covered transactions with us, the New York Branch of Svenska Handelsbanken AB (publ), you, including any of your beneficial owners acknowledge, agree to be bound by, and consent to the exercise of bail-in powers by the SNDO accordingly. 

Deposit Insurance

Deposits made with us are not insured or guaranteed by the Federal Deposit Insurance Corporation, the US Deposit Insurance Fund, the Swedish Deposit Guarantee Scheme or any other US or Swedish governmental or deposit insurance agency or entity.  In making investment decisions, prospective purchasers must rely on their own examination of the issuer and terms, including the merits and risks involved.

FATCA requires all US taxpayers to report their foreign assets

Since 1 July 2014, all the world's financial institutions must ask their clients about their US tax residency, for instance: those who are US citizens, US tax residents, persons with a residence permit, etc. The same must be asked of the beneficial owners of legal entities.