Money & Personal Finance
Making sense of money and personal finance is a critical first step for new arrivals in Norway.
Whenever you move to a new country, admin and bureaucracy simply works a little bit differently. This is especially true in the area of personal finances.
For one thing, the country is heavily digitised. It’s rare for anyone other than tourists to pay with cash. Mobile payments are gathering pace, while online banking has almost replaced the need for branches.
Foreigners living in Norway can apply for credit cards after they have one full year of tax records. Only permanent residents and citizens will be able to successfully apply for a personal loan.
When you first move to Norway, you’ll likely need a big chunk of cash to hand for things like a housing deposit. Banks are almost never the cheapest way to transfer money across borders. Check out the opportunities provided by international money transfer services to make your money go further.
Launched this month, the new 1,000 krone note completes the series of Norway’s all-new banknotes. Cash might be on its way out, but Norway still makes an effort! Use of cash, and high value notes in...
Mobile payment solutions from Norwegian banks have consolidated around one solution, Vipps. Here’s what you need to know about the app. At a recent event at Oslo’s Intility Arena, I went to grab a coffee and...
Prices for food and non-alcoholic beverages in Norway are the highest in Europe. However, Norwegians use less of their total expenditure on groceries than most other Europeans. New European research confirms what most of us already...
Tax residents in Norway can look forward to quicker tax return processing and user-interface improvements. Following a successful test, an improved system for checking and submitting Norwegian tax returns online is on its way. In simple...
Personal financial health is an important element of a happy life in Norway. Here's how and why you should stay on top of your credit rating with a free credit report. If you've ever taken a...
Americans living in Norway are subject to additional bureaucracy from their homeland. As a general principle, once you are deemed ‘tax resident' in Norway you pay income tax on your worldwide income to Norway. ‘Tax residency'...
It's known as one of the world's most expensive countries to visit, but how much does it cost to actually live in Norway? The first questions on the lips of almost everyone considering a move to...
Mobile payments provider Vipps now has competition with the launch of Apple Pay in Norway. Apple Pay is finally available in Norway. The mobile payment service went live this week for customers of Nordea and Santander...
Sending money around the world used to be slow and expensive. Not any more! Did you know? The cheapest way to transfer money between countries is not with your bank! We get a lot of queries...
SPONSORED CONTENT Unsecured personal loans in Norway are on the increase. We take a look at what might be behind the trend. More Norwegians than ever before are applying for unsecured personal loans, but what is...