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Located on the Scandinavian Peninsula, Norway is quite a long way away from Australia. However, long geographical distances are no barrier when you need to conduct an international money transfer.
If you need to send money from Australia to Norway - perhaps to send money to relatives or to pay an invoice - modern technologies and banking services make it quick and easy to do so. There are multiple options to choose from when you wish to send funds to Norway, so read on to find out which option will be best for you. TorFX guarantees to match any competitor's exchange rate. Conditions apply.International Money Transfer Offer
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Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention "Finder" before you commit to a brand.
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The first option most people think of when sending money overseas is to lodge the transaction with their bank. After all, if you already have an account with a bank it's usually quick and easy to perform an international money transfer.
However, as banks charge high fees and offer relatively poor exchange rates, sending the funds via your bank can end up costing you quite a bit of money. Many people are surprised to learn that you can actually get a much better financial deal if you utilise the services of a dedicated money transfer company.
These providers specialise in conducting fast and affordable international money transfers. They usually offer much better exchange rates than Australian banks and charge lower fees, meaning that more of your money stays in your pocket.
Henry lives in Sydney and is an Australian citizen, but he wants to send a gift of $2,000 to his aunt and uncle in Norway. His bank allows him to send money to Norway, but Henry wants to find the cheapest possible way to transfer his funds. He decides to compare the features of his bank’s transfer service with those of a dedicated money transfer company.
| Bank | Money Transfer Service | |
|---|---|---|
| Exchange rate | 1 AUD = 5.835 NOK | 1 AUD = 6.058 NOK |
| Transfer fee | $25 | $4 |
| Transfer time | 2-5 days | 24-48 hours |
| Transfer options | Bank account transfer | Bank account transfer |
| Amount received (in Norwegian Krone) | 11,670 | 12,091.76 |
As the example shows, Henry can send an extra 421.76 NOK more to his relatives if he uses the money transfer company, plus he can also save $21 in fees.
There's no shortage of options to choose from when sending money to Norway. These include:
In certain circumstances, you may find yourself needing to send funds to Norway as quickly as possible. For example, you may have a relative travelling through Norway who has their wallet stolen and is in urgent need of funds to be able to pay for food and accommodation.
When this happens, make sure that you take the time to check the exchange rates that will apply to your transaction. You’ll also need to familiarise yourself with any fees that may apply so that you don’t end up getting a raw deal.
Back to topGlobal Money Transfer
Gronland Basar
Toyengata 2
Oslo, Oslo NO 0190
+47-22-175110
Open 10am to 6pm Monday to Saturday
Storgata 19
Oslo, Oslo 0184
+47-21-395076
Open 11am to 11:30pm seven days a week
Sohan
Olav Kyrres Gate 28
Bergen, Hordaland NO 5015
+47-976-68744
Open 10am to 7pm Monday to Friday, 10am to 6pm Saturday
Stromgaten 20
Bergen, Hordaland NO 5008
+47-800-00040
Open 10am to 8pm Monday to Saturday, 12pm to 8pm Sunday
MoneyGram Store
Storgata 26
Oslo, 0184
22170890
Open 8:30am to 9pm Monday to Friday, 8:30am to 6pm Saturday
Storgata 37 LOC
Oslo, 0182
45554848
Open 9am to 11:59pm seven days a week
Samuel Transfer - #LNO0026
Marken 13
Bergen, 5017
45081673
Open 10am to 10pm Monday to Friday, 11am to 7pm Saturday and Sunday
Nygardsgaten 62 LOC
Bergen, 5008
40827599
Open 9am to 11:59pm seven days a week
Norway is considered to be a safe country for Australians to visit, with the Department of Foreign Affairs and Trade simply recommending that travellers ‘exercise normal safety precautions’.
However, just because Norway is a relatively safe country doesn’t mean you shouldn’t be careful when picking up cash. Take a friend with you when you pick up funds and avoid any questionable areas of the city. Head straight to a bank to deposit your funds and make sure not to flash the cash around unnecessarily and attract any unwanted attention.
For further travel safety tips in Norway, hit up online blogs and forums and seek advice from fellow travellers.
Back to topFrom bank transfers to specialist money transfer companies and even international money orders, you can choose from a wide range of options when you want to send money to Norway. The exact process for sending a transfer will obviously vary depending on the method you choose, but you’ll typically need to open an account with a provider before you can send funds. This will usually involve providing your name, address, date of birth and driver’s licence number.
Once you’ve lodged a transaction you will receive a receipt or tracking number which can be used to monitor the progress of your transaction.
Sending money to Norway is fast, easy and entirely affordable. Just make sure to do plenty of research before you decide on the right provider to take care of your international money transfer.
