Opening your first Norwegian bank account is an important step. For a first account, you should expect up to four weeks of processing time. When choosing a bank, the bank will guide you through:
- Opening an account
- Getting access to online banking
- Ordering a PIN code generator
Once you have access to online banking, you can usually order BankID, which is a secure digital ID widely used in Norway.
Norway is largely a cashless society. Most bank cards allow contactless payment, and for small purchases you usually do not need to enter a PIN code.
Vipps is the most commonly used mobile payment service in Norway. To use Vipps, you need a Norwegian bank account and a Norwegian phone number.
Tips for choosing a bank:
- Check if online banking and apps are in English
- Compare fees and processing times
- Ask if documents can be submitted in person
- Consider additional services like insurance, investments, or pensions
Finansportalen compares prices for banks, insurance, and investment services.
After opening a bank account:
- Set up BankID and BankID on mobile
- Share your account number with your employer and the tax authorities
- Use digital payment services for subscriptions, public transport, and automatic bill payments
- Set up automatic payments (eGiro, eFaktura) for services like electricity, insurance, and other recurring expenses.
You can go to Nordic.org for an introduction to bank services and opening an account in Norway.