Northmill Bank AB

Northmill Bank AB (publ) is a Swedish digital retail bank headquartered in Stockholm and supervised by Finansinspektionen under a banking license obtained in 2019. Its offering centers on app-based savings accounts (variable and fixed-term), unsecured consumer credit (personal loans) and a credit card, alongside basic account and payment services delivered without a branch network. Deposits are covered by the Swedish deposit guarantee administered by the National Debt Office (Riksgälden) up to SEK 1,050,000 per person and institution, with statutory provisions for temporary high balances. Onboarding typically requires a Swedish personal identity number and BankID, and services are primarily marketed to residents of Sweden in SEK. Credit underwriting is data-driven and risk-based; interest rates and limits are individualized and can change in line with the customer’s agreement and the bank’s current price list. Fees, currency markups, cash withdrawal terms and installment options on the card, as well as any loan origination or late-payment charges, are set out in the prevailing tariff and product terms. Savings rates are variable and may be adjusted without notice. Customer service is provided through digital channels during specified hours; language availability and response times vary by channel. The bank does not broadly offer mortgages, investments or business banking, and cash handling is not supported. Users should confirm supported payment rails and integrations, review pre‑contract information and the general terms, and consider the impact of any credit product on their credit record. The bank publishes financial statements and capital information through its website and public registers.