Norwegian Kroner (NOK) is the only currency accepted in Norway.
Money can be exchanged at Oslo Airport Gardermoen. There is an automatic teller machine (ATM) at all airports. You need approximately NOK 500 to pay for your taxi from the airport and food for the first few days. You should bring this amount in cash or the equivalent in Euro from your home country in case your credit card does not work. All banks (except those at airports) are closed during weekends.
Please note that owing to bank fees it may be cheaper to use your credit card instead of exchanging money. Major credit and debit cards, such as Visa, MasterCard, American Express and Diners, are widely accepted throughout Norway. Please be advised that Eurocard is not as widely accepted in Norway.
Campus Tromsø: There is now virtually only one place in Tromsø to exchange foreign currency (including euros) and that is the Chief Post office. The Post Office charges an exchange fee of NOK 75 (as of 2015). The Tromsø Tourist Information Office can exchange small amounts (maximum NOK 1000) free of charge, but offers a less favorable exchange rate.
How to open a bank account
1- You will receive a confirmation when we have registered your immigration to Norway at the local police, together with your Norwegian Identification Number by letter. A letter will be sent to your new address as registered with the National Registry. Please remember to mark your post box with your name.
You will have to show up in person to sign the account agreement. Bring your passport, a passport photo and your Norwegian ID-/D-number. For some countries additional documentation may be required.
2- After receiving the account number, please give The Arctic Student Welfare Organization of Norway a written confirmation from your Norwegian bank as soon as possible. Read more here
There are a number of banks to choose from. Banks have different policies and the conditions for opening an account, and the cost, vary:
Banks with comprehensive, nationwide services:
Sparebank1 - local savings bank
Skandiabanken - offers online services only (Norwegian)