FAQ - Banking services

  1. Can I open a bank account at Norges Bank?
    No, Norges Bank is the national bank of Norway and does not service the general public.
  2. Can I borrow money from Norges Bank?
    No, Norges Bank is the national bank of Norway and does not service the general public.
  3. Can I open a bank account in Norway?
    Foreigners can open a bank account in Norway, but In order to open a bank account in a Norwegian bank you will need a Norwegian identity number.
  4. Where can I find a list of Norwegian banks?
    Finance Norway (FNO) keeps a list of the ten largest banks in Norway.
  5. Is there any regulation on the amount of money an individual can bring into Norway?
    When entering Norway you are allowed to bring with you Norwegian and foreign bank notes and coins at a total value of NOK 25000. If the currency you are carrying exceeds this amount it has to be declared on a form available from the customs authorities.
    The Norwegian Customs Service (Tollvesenet) is responsible for the rules and regulations, and can provide more information.
  6. I think that my bank has made a mistake. May I file a complaint with Norges Bank?
    No, you should contact the Complaints Board for Consumers in Banking and Finance Matters. The Complaints Board handles complaints concerning guarantees, loans, checking and wage accounts, ATM cards or other agreements. You must try to resolve the issue with the bank or financial institution before you can file a complaint with the Complaints Board.
  7. Are deposits in Norwegian banks guaranteed?
    The law states that deposits in a bank are absolutely guaranteed up to a total amount of 2 million NOK. See The Norwegian Banks' Guarantee Fund
  8. On what days are Norwegian banks closed?
    See our list of bank holidays.
Published 15 November 2007 12:22
Edited 1 March 2010 09:48