Morrow Bank

This bank is based in: Sweden (AAA)
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About the Bank

Morrow Bank is a modern, digital consumer finance bank helping people create financial flexibility and confidence in their everyday lives. The bank offers consumer loans and credit cards to customers in Sweden, Norway, and Finland, as well as savings products to customers across Europe through trusted savings platforms. With more than a decade of experience in consumer finance, Morrow Bank combines modern technology, efficient operations, and responsible lending practices to deliver simple and flexible financial solutions. Since its foundation in 2014 and subsequent listing on the Oslo Stock Exchange in 2017, Morrow Bank has established a strong position in the Nordic consumer finance market. In 2026, the bank became a Swedish bank, relocating its headquarters to Sweden and listing its shares on Nasdaq Stockholm, supporting its continued growth and development in its core markets. Responsibility is at the core of Morrow Bank's operations. The bank is committed to delivering a responsible banking experience, maintaining strong governance, and preventing financial crime.

More information about this bank

Year Established

2014


Place of Establishment

Stockholm


Number of employees

69


Business Focus

Bank Deposits, Consumer Loans, Insurance


Market(s) in which the bank has branches

Sweden, Germany, Finland, Norway


* This information is provided by FMH-Finanzberatung e.K. FMH-Finanzberatung specialises in information on interest rates and financial products and has been collecting and processing financial data in Germany since 1986.. As of 12.06.2026.

Deposit Guarantee Scheme

In accordance with EU Directive 2014/49/EU, deposits with this Bank, inclusive of accrued interest not yet credited, are guaranteed by the Swedish statutory deposit guarantee scheme up to (the equivalent in euros of) SEK 1,150,000 per account holder, per bank. This amount also includes possible deposits and/or savings accounts ordered outside Raisin Bank. This protection covers the deposits of all natural persons, not only Swedish citizens. In the event of an intervention by the Swedish DGS, the payment shall be made in Euros to your Raisin Account, within 7 business days from the time the DGS comes into effect. In this case, the exchange rate applied will be the one valid at the time of the bank’s administrative settlement process and is thus subject to currency fluctuations. The administrator and executor of the deposit guarantee scheme is Riksgälden. For more information please visit https://www.riksgalden.se/en/)

Tax process and documentation

Swedish banks do not deduct tax on savings for Irish customers. This means your interest is paid in full (gross). For more details, please see the product information sheet. Important: Irish deposit interest tax (DIRT) is not deducted automatically. Any interest earned must be declared to Revenue in an annual tax return.

Raisin's role

With Raisin, one login gives you access to competitive savings accounts from banks across Europe, allowing your savings to work even harder. No fees, no paperwork: saving with Raisin is online and hassle-free.

All interest rates displayed are Annual Equivalent Rates (AER), unless otherwise explicitly indicated. The AER illustrates what the interest rate would be if interest was paid and compounded once a year. This allows individuals to compare more easily what return they can expect from their savings over time. Raisin Bank, trading as Raisin, is authorised/licensed or registered by BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht) in Germany and is regulated by the Central Bank of Ireland for conduct of business rules.