How to send money to Norway
Discover how to transfer money to Norway with the lowest fees and best rates in 4 easy steps
1. See if the Norwegian krone exchange rate is at your advantage
Although the evolution of the exchange rate is uncertain, it never hurts to monitor it to maximize how much your will get against your own currency. You should set-up smart alerts to check the NOK mid-market rate against your currency.
2. Find the best deal by comparing all the available services.
Monito lists quite a few money transfer companies to send money to Norway, such as TransferGo, TransferWise, Western Union, MoneyGram, Currencies Direct. Selecting the most competitive company from the more than 34 available options is the best way to save on costs.
3. Choose the best service with your own criteria
What do you value the most? Fees and exchange rate, time for the money to arrive, number of positive evaluations? Balance the pros and cons of the different options before making your choice.
It is also important to consider the pay-in and pay-out options. Local bank transfer, debit and/or credit cards are the most common pay-in options to send money to Norway online. On the other side of the transfer, look at different options if you need the amount in NOK to be deposited on a local bank account or available for pick-up in cash at an agent location.
4. Sign up and start your money transfer to Norway with the provider you selected
Now, simply sign up on the money transfer provider's online portal - be aware you will often need to provide an ID and/or a proof of adress - and configure your transfer.