SPAREBANK 1 SMN – NOK vs GBP/EUR EXCHANGE RATES
Compare SpareBank 1 SMN NOK currency transfer options to/from Norway. You can beat SpareBank 1 SMN exchange rates when making a Norwegian krone international money transfer or overseas payment, save time, money and get the best deal.
| SpareBank 1 SMN | NOK to GBP | NOK to EUR | Minimum Transfer + Fee | TrustScore (Trustpilot) | More Details |
|---|---|---|---|---|---|
| Currencies Direct | £0.071 to £0.071 | €0.085 to €0.085 |  |  | |
| TorFX | £0.071 | €0.085 |  | | |
| Wise | £0.071 to £0.071 | €0.085 to €0.085 |  | | |
| SpareBank 1 SMN | £0.069 | €0.082 | |  |  |
SpareBank 1 SMN Norway International Money Transfers
International currency transfers to or from your SpareBank 1 SMN account in Norwegian krone, UK pounds, the euro and many other popular currencies will involve a margin or exchange rate of around 3.7% and additional bank transaction or commission fees may apply.
SpareBank 1 SMN international currency transfer rates are much higher than most money transfer providers (money transfer providers rates range between 0.45 to 1.0%).
Currency Transfer Alternatives – SpareBank 1 SMN
Sending foreign currency to or from your SpareBank 1 SMN 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 SpareBank 1 SMN services would have a transaction exchange rate margin of around 3.7% – or 37,000 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.
SpareBank 1 SMN – Other Useful Information
International money transfers from SpareBank 1 SMN could take longer to arrive than using a private currency exchange provider and you will also need to be an existing SpareBank 1 SMN account holder to use their services. SpareBank 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, SpareBank 1 SMN’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.
SpareBank 1 SMN, Norway – About
SpareBank was founded in 1823 and has its headquarters in Trondheim. It is the third largest bank in Norway in terms of assets. It offers banking and financial products and services to individuals and corporate customers. The bank employs around 1,100 employees and operates in 55 locations in 45 municipalities in both Trøndelag, Møre og Romsdal and Sogn og Fjordane. It is one of six owners of the SpareBank 1 Alliance.
SpareBank 1 SMN branch finder
Find SpareBank 1 SMN branch addresses near you with our geolocation map search. Simply enter the bank name (and optionally a city or country) and the map will display the closest SpareBank branches in your search area results.
Contact SpareBank 1 SMN from abroad
You can find answers to everyday banking questions at SpareBank online. If you can’t find the answer you’re looking for, you can call them from outside the Norway on +47 9150 7300
SpareBank 1 SMN Norway – Head office address
SpareBank 1 SMN – SpareBank 1 SMN, Søndre gate 4, Trondheim, Norway
Still have questions?
Doing some research and evaluating options will ultimately save you time and money: Compare money transfer providers
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