When you fund your account or withdraw from your account, the transfer normally needs to come from a bank account in your country of residence. This helps us verify the payment and keep your account secure.
Your first deposit into your Saxo account must come from a bank account in your country of residence. After a successful first funding, your bank account will be registered with Saxo for future deposits.
After initially funding from your country of residence, you can request approval to fund your Saxo account from additional countries. This process helps us verify payments into your account and keep your account secure.
Please note that your first deposit in your Saxo account must come from a bank account in your country of residence. After the first deposit, funding from approved additional countries will also be accepted.
Other countries may be approved if:
- You are a national of the additional country you're requesting.
- Your country of residence and the additional country are both within the EU or EEA (which may include Greenland, Faroe Islands, Switzerland, and United Kingdom. You can find a list of countries in platform).
- You have a business in another country.
- You support family members abroad.
- You frequently work or travel there.
- You maintain a second home.
- You hold a bank account for legitimate EU/EEA mobility reasons.
Note: Approval is not guaranteed, and requests may still be rejected based on client information, security considerations, and risk requirements.
Why is approval required?
As a regulated financial institution, Saxo Bank continuously evaluates the type of business we do and where we do it. This evaluation takes place in an ever‑changing environment, where international and local rules and regulations increase complexity. It helps us identify unusual activity, protect against fraud, detect financial crime alongside meeting our financial regulatory requirements.
To ensure the best possible client experience and an optimal level of service, Saxo Bank applies a risk‑based approach when servicing clients. This means that all requests to add an additional funding country are reviewed individually.
How do I add or change my additional funding country?
To change or add your additional funding country, you can submit a request by completing the Expected Transactions Profile (ETP) form and provide the necessary Source of Funds documentation. Please note that your request is subject to approval.
You do not need any approval to fund your account from a bank account in your country of residence. This is the default funding method for your account, so you do not need to use the form to add your country of residence.
To request another country, please complete the Expected Transactions Profile (ETP) form:
- SaxoTrader: Add another country for funding
- New SaxoInvestor: Access the My Profile menu > Settings > Account > Status and roles > Add another country for funding > Complete and submit your application
- SaxoInvestor: Add another country for funding
- SaxoTrader for desktop: Access the My Profile menu > Deposits and transfers > Add another country for funding > Complete and submit your application
How many countries can I fund or withdraw from at one time?
You can fund and withdraw from multiple countries at the same time, in addition to your country of residence.
What if I have previously funded from a country other than my country of residence?
If you have previously funded your account from a country other than your country of residence, you can continue to fund and withdraw using accounts from that country until 6 December 2026.
From 7 December 2026, you will need approval to continue funding or withdrawing using an account from any country other than your country of residence.
If you have already received approval for an additional country, that approval will remain valid unless you request a change or an expiry date has been set for your account.
If a new request is not approved, any countries that have already been approved will remain available for funding and withdrawals.
Can I request approval for more than one additional country?
Yes. You can request approval to fund and withdraw using accounts from more than one country in addition to your country of residence.
A separate request must be submitted for each additional country, and each request will be considered individually and is subject to approval.
How can I view all my approved countries?
View approved countries via:
- Deposit Funds > Bank Transfer > click the arrow under Account Country.
The countries you can select there are the countries allowed for funding and withdrawal.
What if I try to fund from a country that has not been approved?
If you attempt to fund or withdraw from a country that is not your country of residence or an approved additional country, the payment will be rejected and the money returned.
You will be informed that the country must be reviewed and approved before you can use it for funding or withdrawals.