12.28.2022

Extra, extra! Read all about it!

It felt like a no-brainer that Avanza would respond to Nordnet's new function with fast refund of foreign tax. They offer 100% refund of the foreign tax the following year unlike Nordnet which will give around 85% as they use a standard calculation to be able to pay back the money within 4 weeks.

Despite Nordea's shortcomings such as delays on the transaction page and the absence of notifications, we still think their site is the best for us. Given the improvements they've made so far, I suspect it's only a matter of time before they fix this as well. Although they took their time, I have to commend both Avanza and Nordnet for acting and responding to Nordea's service regarding the tax refund.

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