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.
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...
Applications for personal loans in Norway increased by 20% in 2017. Last year, residents of Norway sent more than 3.5 million applications for consumer loans, almost 700,000 more applications than the previous year, according to new...
Use this service to save thousands on bank transfer fees between Norway and the UK. Many reasons to transfer money Are you moving from the United Kingdom to Scandinavia for work and want to know if...
SPONSORED CONTENT Need cash fast? Fleksikreditt is a personal loan solution that works in a similar way to a credit card. Payday Loans in Norway Fleksikreditt is a flexible short-term loan solution of up to NOK...
SPONSORED CONTENT An ideal banking option for frequent travellers and foreigners living in Norway. Available to anyone living in Norway, Ferratum Bank is a “borderless” bank account, perfect for frequent travellers and those of us living...
Vipps, BankAxept and BankID are to merge in an effort to combat increasing global competition in the payments and digital ID space. The banks have signed a letter of intent to bring the three payment and...