|BANK NORWEGIAN||MIN. TRANSFER||SPEED||FX MARGIN RATE||*GUIDE RATES||MORE DETAILS|
|GBP £ - to NOK||NO MINIMUM||5/7 DAYS||4.0%||10.827|
|EUR € - to NOK||NO MINIMUM||5/7 DAYS||4.0%||9.537|
|BROKER RATES||MIN. TRANSFER||SPEED||FX MARGIN RATE||*GUIDE RATES||MORE DETAILS|
|GBP £ - to NOK||From £100||From 1 DAY||From 0.7%||11.2|
|EUR € - to NOK||From £100||From 1 DAY||From 0.7%||9.865|
Table *GUIDE RATES are updated daily (Monday to Friday) at 09:00 GMT.
Answer: Using Bank Norwegian services, the exchange rates shown are typical. All banks have individual rates and commission structures for international currency transfers. Find the latest exchange rates for an overseas bank using our Bank Rate Comparison below:
Save on exchange rate conversions when transferring money or making payments overseas from your Bank Norwegian account in Norwegian krone, euros, the UK pound & other currencies. Bank Norwegian international money transfers to or from Norway have higher transaction charges, due to a less competitive exchange rate offered by Bank Norwegian. Skip to: Norway Money Transfer Specialists
Typically, sending funds to or from your Bank Norwegian account in Norwegian krone (NOK), the UK pound or US dollar overseas bank account will involve a margin rate of 4.0% – much higher than most currency broker rates (typically 0.7 to 1.0%).
Sending foreign currency to or from your Bank Norwegian account in Norway needn’t be a complex matter, moreover, you can save time and money when you use a specialist currency broker instead.
Specialist foreign exchange companies including our recommended providers here can save you money and time on the transaction. Our recommendations are based on international coverage and office locations together with the lowest foreign exchange margin rates offered.
Example: A typical overseas currency transfer of 1,000,000 Norwegian krone (NOK) using Bank Norwegian services would have a transaction exchange rate margin of around 4.0% – or 40,000 NOK. Using a specialist broker, in this example TorFX – the exchange rate margin would work out at 0.7% – or only 7,000 NOK in total, which is a large saving over the bank service.
International money transfers from Bank Norwegian could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Bank Norwegian account holder to use their services. Bank Norwegian may additionally charge a flat rate commission fee when sending money abroad into another currency and bank transfer commission fees vary depending on the amount you need to transfer. Private brokers offer commission free currency transfers, typically over a value of £5000 (or 50,000 NOK).
Unless you pay a premium, Bank Norwegian’s service will take from 5 to 7 days for your funds to arrive at the destination bank. Private foreign exchange companies typically complete the transaction either same day, or next day.
Bank Norwegian AS is a Norwegian internet bank that offers loans, credit cards and savings accounts to consumers. The company was founded in November 2007.
Following a rapid growth in Norway, Bank Norwegian launched Sweden in 2013, and in 2015 BankNow opened in Denmark and Finland. In total, more than 1.3 million people have chosen Bank Norwegian as their secondary bank through services that include savings deposits, loans and credit cards with the Norwegian Reward program.