Student deposit account for international degree students

Please note that the following conditions are legally binding. We kindly ask you to read them carefully:

• Only students who have been admitted to studies at UiT The Arctic University of Norway are allowed to deposit money in this account. The deposit must be made in the student’s own name.
• No interest will be paid on the deposited amount.
• Please be aware that bank fees or commissions may be deducted by your bank when transferring money from your home country.
• The student must notify The Arctic Student Welfare Organization of Norway (Samskipnaden) of their address in Norway and Norwegian bank account number as soon as possible after arrival.

Students already living in Norway (NON EU / EFTA citizens)

If you already live in Norway and have a Norwegian bank account, you normally do not need to use the student deposit account. If you do not yet have a Norwegian bank account, you may use the deposit account when applying to renew or extend your residence permit.

The required amount is set by UDI and may change from year to year.

IMPORTANT! Please make sure to check the latest financial requirements on UDI’s official website: Want to apply: Study permit - UDI

Required deposit amounts:

• NOK 170 368 – for two semesters (Autumn and Spring; full academic year)
• NOK 77 440 – for Autumn semester 2026 (one semester)
• NOK 92 928 – for Spring semester 2027 (one semester)

Guidelines and conditions

• You must be formally admitted to UiT.
• Transfer must be made in your name, exactly as it appears in your passport.
• No interest is earned on the deposit.
• Your bank may charge fees—make sure the full required amount reaches Norway.

Bank transfer detailss

Please use the banking details provided below to transfer your funds.

⚠️ Important:

• Make sure to provide your bank with the correct SWIFT and IBAN codes for electronic transfers.
• if your bank requires the transfer to be made in USD or EUR, you must ensure that the final amount received in the deposit account matches the required amount in NOK.
• Deadline for transferring the deposit: 1 JUNE

Bank transfer timeline and confirmation

Depending on the banking system in your country, the transfer of funds to Norway may take several days to a few weeks. Please stay in regular contact with your bank to monitor the progress of your transfer.

Once your funds have arrived in Norway, the Arctic Student Welfare Organisation of Norway will issue a confirmation of deposit, which will be sent to you by email.

You must include this confirmation along with your supporting documents when submitting your student visa application.

If you are confident that your funds have arrived in Norway but have not yet received the confirmation, please contact:
📧 okonomi@samskipnaden.no

Bring Cash with You

Make sure to exchange your foreign currency to Norwegian Kroner (NOK) during your transit at Oslo Gardermoen Airport.
⚠️ Do not bring Euros or US Dollars to your final destination, as it can be very difficult to find places that exchange these currencies.

You will need Norwegian cash to pay for taxis and buy food during your first few days in Norway, until you gain access to your deposit.

Bring Credit/Debit Cards

We strongly advise you to bring your credit or debit card and check with your bank to ensure that your cards are valid for use in Norway.
You can use your cards to withdraw cash from ATM machines at the airport.

Accessing Your Deposit After Arrival

To access the funds in your deposit account after arriving in Norway:

Cash Card

You can order a Danske Bank Prepaid Card from the Arctic Student Welfare Organisation of Norway to withdraw money from your deposit.

• The card costs NOK 200 (one-time fee).
• It can be used free of charge in shops, at ATMs, and at terminals labelled BankAxept.
• Please note: The Arctic Student Welfare Organisation does not accept cash or cheques.

More information about the cash card will be provided during the orientation programme.

📧 For inquiries, email: prepaid.card@samskipnaden.no
🏢 Or visit the nearest Samskipnaden office on your campus.

🔗 Contact the Housing Office: Samskipnaden | Contact the Housing Office

Refund of Deposit – Important Information

If, for any reason, you are unable to begin your studies at UiT, please note the following:

• The final amount refunded may vary due to exchange rate fluctuations before or during the transfer, or fees charged by foreign banks (your home bank).
• A service fee of NOK 350 will be deducted for processing the refund.

How to Request a Refund

Please send an email to 📧 okonomi@samskipnaden.no and include all relevant banking and transfer details, such as:

For Norwegian Bank Accounts:

• Bank account number only

For Foreign Bank Accounts:

• IBAN
• SWIFT/BIC codes

For Russian, American, Canadian, and other accounts without IBAN:

• Name and address of the beneficiary bank
• Your name and address (account holder)
• Account number
• SWIFT code
• ROUTING number (required for American and Canadian transfers)
• Specify the currency: EURO, US Dollar, or Canadian Dollar
  (Note: Rubles are not accepted)