Compare the best Norwegian bank accounts for expats. From local institutions to international digital banks. Updated March 2026.
Tax note for Norway: Norway taxes interest income at 22%. The Norwegian deposit guarantee covers up to NOK 2,000,000 per person per institution through Bankenes Sikringsfond. Norway is not in the EU but is part of the EEA.
Our pick for Norway
Wise — Real exchange rate, no hidden fees
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We evaluated banks available to expats in Norway based on monthly fees, card costs, ATM networks, foreign exchange markups, ease of account opening, and app quality. Note that N26 is not available in Norway as it is outside the EU. Norwegian banks require a D-number or fodselsnummer for account opening.
What to look for as an expat in Norway
D-number or fodselsnummer -- You need a D-number (temporary) or fodselsnummer (permanent) to open a Norwegian bank account. Apply through your employer or the police when registering. Processing takes 2-6 weeks.
BankID -- Norway's digital identity system is essential for online banking, tax filing, and accessing government services. You get BankID through your Norwegian bank.
Vipps -- Norway's dominant mobile payment app, used everywhere from supermarkets to street markets. Requires a Norwegian bank account and phone number.
High cost of living -- Norway is one of the most expensive countries in Europe. Free ATM access and low FX fees matter more here than in most countries.
N26 not available -- Unlike most EU countries, N26 is not available in Norway (EEA but not EU). DNB and Nordea are the main alternatives for a local account.
Calculate your Norway salary first
Know exactly how much you take home after Norwegian income tax and trygdeavgift before deciding how to manage your money.