Are you a Brit thinking of emigrating to Norway, to find work and buy a property in Oslo or Bergen? Alternatively, are you a UK business owner, making international payments to Norway for your imports and exports?
If so, before you move to Norway, or for your company's currency needs, you might need to transfer money to Norway from the UK.
If this is the case, you'll want to maximise your pound to krone exchange rate, ensure you are dealing with an authorised company, and receive your funds in your Norwegian bank account as fast as possible.
With this mind, please find below our guide to transfer money to Norway from the UK:
1. Get Highly Competitive Exchange Rates with Pure FX
An outstanding way to transfer money to Norway from the UK is with foreign exchange specialist Pure FX. This is because:
You'll receive a highly competitive pounds to krone (GBP to NOK) exchange rate. This will help you increase your krone total in your Norwegian bank account.
Your money is held within segregated bank accounts. This is because we're authorised by the Financial Conduct Authority as an Electronic Money Institution (Firm Reference Number 902022), as a trading name of Foreign Currency Direct.
You'll join thousands of clients who're highly satisfied with their money transfers with Pure FX. We have over 800 five-star reviews on the independent reviews platform Feefo, and have won Feefo's 'Outstanding Service' Award in 2016, 2017 and 2018: http://ww2.feefo.com/en-gb/reviews/pure-fx
You'll enjoy dedicated, personal service from your Pure FX currency dealer. He or she will walk you through the transfer process and answer your questions, in straightforward, jargon-free English.
You'll pay no hidden fees with Pure FX. We charge just £15 for a priority international transfer below £50,000 (or currency equivalent.) For amounts above this, we allow one free transfer per transaction.
2. How to Transfer Money to Norway from the UK with Pure FX
To transfer money to Norway with Pure FX, just follow these simple steps:
Go to https://www.purefx.co.uk/register and register your account with Pure FX. This will take you two minutes, it's free, and you come under no obligation to exchange currencies with us.
Once you've registered with Pure FX, one of our currency dealers will contact you, to find out how we can best help you to send money to Norway from the UK. You'll need to provide the following details of your Norwegian bank account:
Request your exchange quote for pounds to krone. To do this, fill in the 'Get A Quote' box at the top right-hand side of this page. Simply select 'GBP to 'NOK' from the currency buttons, and enter your details.
Once you've accepted the exchange rate, Pure FX will transfer your money to Norway from the UK. You'll receive your funds within a few working days, or faster if you've chosen to make a priority international transfer.
3. Tips to Send Money to Norway from the UK
This will give you today's GBP to NOK interbank exchange rate, plus the rate for the last seven days. This way, you can see if British sterling has strengthened versus the Norwegian krone in the recent past.
However, please bear in mind that Pure FX's 'Latest Market Rates Widget' only tells you the interbank exchange rate. This is the rate at which financial institutions send money to each other, and cannot be accessed by individuals or normal businesses.
To get a Pure FX pound to krone exchange rate quote, enter your details into the 'Get A Quote' box at the top-right of this page.
Norway has no currency controls, meaning that money can freely be sent in and out of the country. This facilitates your money transfer to Norway from the UK.
If you're a non-resident in Norway, you won't be taxed on your money transfer to Norway from the UK. You'll only be taxed on income originating in Norway.
Some of Norway's biggest banks where you could open a bank account to receive your krone include Nordea, Bankplassen, Den norske Bank, The Postbank of Norway, Sparebanken NOR and Svenska Handelsbanken Norway.
I that hope you’ve found this article helpful. If you have any questions about how to send money to Norway from the UK, feel free to Contact Us. We’ll reply to you as soon as possible.