• Sweden edition
Business & Money

Bank staff under threat due to cash shortage

Published: 2 Sep 11 14:56 CET | Double click on a word to get a translation
Online: http://www.thelocal.se/35922/20110902/

Swedish banking giant Nordea’s decision to stop all cash handling at certain offices is exposing staff to threats and offensive behaviour, according to the Financial Sector Union of Sweden (Finansförbundet).

“It is the people who greet our customers face to face that are forced to meet all the complaints,“ said Jessica Johansson of the union to Sveriges Radio (SR).

She said that the threats are often verbal, customers complaining about the drop in service.

“It can be anything from personal slurs to more concrete criticism,“ she said to SR.

In many instances guards have been called to solve threatening situations and the union now urges all its members to report any threat they feel directed at them.

But according to the head of information at Nordea, Helena Östman, the threats that have been reported have nothing to do with queues or waiting times.

“The small number of threats that staff have received is about other things. Some customers can get very irate with the personal questions that we are obliged to ask due to money laundering laws,” she said to TT.

Today Nordea has 200 offices that handle cash.

It is, among other things, the risk of robbery that has made the bank actively work to decrease the cash handling in many offices.

Customers are also increasingly doing their banking online, according to the bank.

“We have great understanding for customers getting irritated by the long waits, but in general queuing times haven’t increased,” said Östman to news agency TT.

But Gunilla Klingberg, a Nordea customer, turned around when she realized how long she was going to have to wait to cash a cheque.

“It is remarkable. I think that there are 40 numbers before me. They’ve just closed down the service at my local office so I cycled over here to get cash. So, this is very bad service,” she said to SR.

TT/Rebecca Martin (news@thelocal.se)

What do you think? Leave your comment below.

Fark It! Digg This  Share everywhere
Send to a friend Printable version Twitter This

Your comments about this article:

The comments below have not been moderated in advance and are not produced by The Local unless clearly stated. Readers are responsible for the content of their own comments. Comments that breach our terms and conditions will be removed.

16:20 September 2, 2011 by Stickeroo
It's crazy, a bank not having cash? Why are they even open then? The only reason I ever go there is either to have a meeting with my banker (for which I don't stand in a line) or to deposit/withdraw cash. They should just close the branch.
16:36 September 2, 2011 by hipersons1
I never know what I can or can't do at a Nordea branch. Literally every time I go to a new branch I wait forever only to be told, "Oh I'm sorry, we can't do that here." For gods sake, YOU'RE A BANK. Let me take care of my BANKING. (I'm a little bitter, this happened to me today).
17:29 September 2, 2011 by cattie
I guess they WILL do anything to chase away customers. You see, customers are a bother since then there is more work.

Let a bank who wants the business take over.
20:44 September 2, 2011 by heavenblues
i had account in Nordea and i can easily say they are the worst. After i open account in Handelsbank peace comes in my life plus it provides me all services free of cost and i feel privileged whenever i go there and not cursed as in Nordea...!!
23:05 September 2, 2011 by StockholmSam
Ridiculous. A bank that does not handle cash. Say, anyone want to open a pizzeria that does not sell pizzas?

In general, I have found service in Sweden to be overwhelmingly lousy. The Swedbank nearest me closes its doors at 4pm (1600) on weekdays. I don't know about you, but I don't leave work until 4pm. Or later. Either they want me to use my lunch hour to do my banking, which is bad because every other working stiff has to do that, too (imagine the lunch-time queues); or they want me to use my work time to do my banking, which lowers my salary or my productivity/efficiency or both (thus slowing the economy); or they only want to serve retired people and the homeless. Genius. Pure genius.
03:07 September 3, 2011 by texaslass
All I can say is that if you don't like a bank's policies, then stop banking with them. Nordea will get the message when they start losing customers.
11:53 September 4, 2011 by hjoian
this is a step towards a cashless society. But for the people who take cash payments in their course of work and wish to deposit it into an account,then this move by Nordea will no doubt cost them more loss in the future.....if they are too blind to see that,they dont deserve to be in buisness. All banks take risk handling cash. What a bunch of bankers!
19:31 September 5, 2011 by waffen
Simple.

Keep what cash that you need for your monthly expenses, and make one trip every month to deposit money in an account in Luxembourg.

The banking there has superior advantages to most banks, and when enough Swedes began to bank out of the country, the banking in Sweden will improve over night.

Luxembourg would be glad to have your banking, and perhaps devise a method whereby you could wire funds to your account as well.

The banks in Sweden are not doing anything for you, so go elsewhere.
ADD YOUR COMMENT   (YOU MUST LOG IN OR REGISTER TO MAKE A COMMENT)
Business & Money headlines
Saab CEO 'spied upon' during Swiss Gripen talks

Saab CEO 'spied upon' during Swiss Gripen talks

The CEO of Swedish defence contractor Saab claimed on Friday his phone had been bugged during talks with Switzerland about Saab's sale of 22 Gripen fighter jets. READ (1 COMMENT) »

Three Swedish banks downgraded by Moody's

Three Swedish banks downgraded by Moody's

Moody's Investors Service on Thursday downgraded its long-term ratings on three Swedish banks, believed to be at risk if the European financial crisis deepens. READ (9 COMMENTS) »

Police suspect theft after surprise cash 'windfall'

Police suspect theft after surprise cash 'windfall'

A woman is suspected of theft after she dropped a stash of 1,000 kronor ($140) banknotes in southern Sweden and then fled the scene, while local residents rushed in to gather the loot that was blowing in the wind. READ (3 COMMENTS) »

Cheap Norway nappies smuggled via Sweden

Cheap Norway nappies smuggled via Sweden

A gang of Lithuanian diaper smugglers is using Sweden as a transit country to ferry cheap nappies bought in Norway for resale at a stiff markup in eastern Europe. READ (17 COMMENTS) »

Nine of ten tourists 'happy' with Sweden

Nine of ten tourists 'happy' with Sweden

Nearly 17 million foreign tourists visited Sweden in 2011, and almost all of them enjoyed their stay, according to a new report. READ (1 COMMENT) »

Armed thieves escape after highway chaos

Armed thieves escape after highway chaos

Police are searching for the men involved in a dramatic highway robbery in Stockholm on Tuesday night, in which one car was stolen at gunpoint and an armoured transport vehicle was rammed. READ (9 COMMENTS) »

Arla looks to milk UK, German dairy mergers

Arla looks to milk UK, German dairy mergers

Swedish-Danish dairy giant Arla plans to merge with both a German and a British dairy cooperative in a bid to become the largest dairy company in the UK. READ (4 COMMENTS) »

Swedish airline Skyways files for bankruptcy

Swedish airline Skyways files for bankruptcy

Swedish budget airline Skyways Express has cancelled all flights after it and its City Airline subsidiary filed for bankruptcy on Tuesday morning. READ (3 COMMENTS) »

Sweden drifting from 'Swedish model': report

Sweden drifting from 'Swedish model': report

Sweden's historically generous social safety net isn't as robust as it once was, according to a new report, which reveals Sweden has fallen below the average for many other developed countries when it comes to various types of social insurance. READ (41 COMMENTS) »

Swedish printer in South Africa banknote fiasco

An error involving a Swedish printing press has turned into a very expensive headache for South African central bank officials who have been forced to destroy millions of dollars' worth of faulty banknotes. READ (4 COMMENTS) »

More Business & Money

Highlights from Follow Sweden

Meet Sanna, 9 years old

Sanna is one of 2 million people in Sweden under the age of 18. Sweden is seen as a good place to grow up. The law makes sure children are well-protected and defends their rights and any organizations work with children's well-being. Read more »

Strindberg, king of drama

August Strindberg's plays shocked society, dazzled audiences and revolutionized drama. A century after his death, Strindberg, with his powerful, timeless themes, is celebrated around the world. Read more »


Find a new job in Sweden now
26/05 Data architecture and delivery manager
Klarna
Stockholm
26/05 Experienced SAP Consultant
IBM
Göteborg
26/05 Healthcare & Life Sciences
IBM
Göteborg
26/05 Manager, SMB Sales (Nordics)
Google
Stockholm
26/05 Nordic Inside Sales Specialist
IBM
Göteborg
26/05 SAP Consultants
IBM
Göteborg
26/05 Web developer
Klarna
Stockholm
25/05 Ansvarig Säljare för Utomhusbelysning
GE Home & Business Solutions
Danderyd
25/05 Ansvarig Säljare för Utomhusbelysning
GE Home & Business Solutions
Stockholm
25/05 Automation Engineer
Bombardier Transportation
Västmanland

ALL JOBS »


 
Latest Business & Money news from Germany
The Local's new Marketplace
Find products and services that are specifically focused on English speakers living in Sweden!
FULL DETAILS
English Speaking Therapist Stockholm
British-Australian Male Counsellor. Counselling Therapy for Depression, Mental Health, Sex, Relationship & Expat Issues
08-559 22 636 or CLICK HERE
Doctor of Psychology
Therapy in English in Stockholm Trained in California Individuals & Couples (08) 93 81 48 FREE phone consultation
Visit anxiousorblue.se
Turning Point Counseling
Turning Point Counselling centre offers the international community of Stockholm a safe space for personal development, counselling and coaching.
http://www.turning-point.se/show.asp
Swedish Down Town
Swedish Down Town PR Consulting and Productions is an innovative business company which provides valuable assistance with Public Relations and Communications in the Swedish and the international market.
www.swedishdowntown.com
QUALITY ACCOMMODATION ON SWEDISH HIGH COAST
Comfortable Fully Serviced Apartments for Leisure or Business Travel Beautiful surroundings. Internet & Sat TV
www.oldriverhouse.se
Volunteer Venture
Volunteer Venture is dedicated to promoting community tourism by welcoming volunteers and travelers to discover the cultural differences in Nepal as English teaching volunteers, orphanage volunteers, Monk teachers and many more
www.volunteerventure.org/