Norway remains a unitary monarchy and a sovereign state whose region
consists of the western portion of the Scandinavian Peninsula. Norway
also stretches to the archipelago of Svalbard and the remote island of
Jan Mayen. Dependent territories of the country are the sub-Antarctic
Bouvet Island and the Antarctic Peter I Island.
Best Ways To Make A Money Transfer:
Just like other European
countries, Norway also encourage spending Euro. As part of EU nations,
you can receive and send money in Euros. There are people who make like
to rely on wire transfer as the secured means of sending and receiving
money in the country.
Types of Options To Send Money:
Credit card is another amazing option to send and receive money in the country. There is the opportunity of using online money transfer such as ewallets like PayPal, Moneybookers and other options. Receiving money can as well be done through online procedures like exchanging Bitcoins for cash or other forms of resources.
Restrictions On Receiving Money:
You may not be restricted a receiver if the sender will bear the cost of sending. There is a given VAT attached to every transfer that comes into the country.
Restrictions On Sending Money:
The EU money regulations are widely accepted in the country. As an individual, you may not be expected to have over ten thousand Euros from the airport standpoint.
Process To Send Money:
Sending and receiving money in Norway is done by using a recommended government issued document like passport, national ID card or driving license. This will help the transfer to remain smooth and safe.
Brief Economic Trend:
The economy of the country is cascaded on transport, oil fields and resources. These sources have helped Norway to remain on the global map as a producing country.
Among some of the amazing banks of the country is AMFA FINANS AB NUF, ABN AMRO BANK N.V., OSLO BRANCH, AASEN SPAREBANK, eika. ANDEBU SPAREBANK and just to mention a few.
Making regular transfers to Norway or need to make a one off money transfer to Norway? It is advised that if you are sending regular payments abroad you should use a foreign exchange broker to ensure you get the most out of your exchange rate.
Currency for Norway - The Norwegian Krone (NOK) is the official currency of Norway. Symbol Kr = 100 ore
Credit Cards accepted?
The following credit cards are accepted MasterCard and Visa as well as others major credit cards including Euro cheque cards. Always check with your credit card company for details of merchant acceptability and other services which may be available before you go on holiday or travel abroad / overseas
Traveller's cheques ?
Traveller's cheques are accepted in all banks and bureaus, though to avoid any extra service charges it is recommended that the cheques are in either US Dollars, Pounds Sterling or Euros. ATMs are available in most towns.
Currency restrictions - There are no restrictions on the import and export of either local or foreign currency. Electricity - 230V, 50 Hz
Bank Opening Hours Mon to Fri 09.00- 15.30 - Thursdays: 09.00- 17.00?
In Norway, you can exchange your currency at most Banks as well as many exchange bureaus that you will find in popular areas, such as Oslo, Bergen, Trondheim, Stavanger and Kristansand. In most banks when you are exchanging currency, you will need your passport. If you do not have this with you, then the bank may refuse to exchange your currency.
Need to transfer money to Norway see foreign exchange companies offering the best currency deals.
Even if you are sending money to pay your mortgage, Importing or exporting or money to paying oversea suppliers? No matter who you intend to pay use a foreign exchange broker it is cheaper than using high street banks.