SWIFT/BIC codes in Norway: banks starting with I

Norway: banks and their SWIFT/BIC codes

This directory covers 306 banks and other institutions in Norway, with 731 SWIFT/BIC codes in total. Every code identifies a bank or a specific branch or department, so a payment from abroad reaches the right place.

Search for the bank you need below and click through to see all codes we have. The rest of this page explain the structure of the codes, what transfers cost and the checks worth doing before you send money.

Check the code before you pay

The safest source for a SWIFT code is the recipient’s own bank details: an invoice, a statement or their online banking. When the code you were given does not match the code listed here, do not guess.

This list is based on publicly available sources. Even so, banks merge, rename themselves or retire codes. Before a payment of any size, confirm the BIC with the recipient. GoldexPay is not a bank.

Watch out for payment requests containing changed bank details – a common fraud method. Always verify changed details by phone on a number you know.

Banks in Norway starting with :letter

Here you see a selection: only banks in Norway with a name starting with :letter. The totals on this page cover all 306 banks.

Bank not listed? Its official name may start with a different letter. The full overview for Norway is one click away if you cannot find the bank here.

SEPA transfers to Norway

Inside SEPA, euro transfers to Norway use the same rules, so the IBAN does the job in most cases. A field for the BIC is often optional in that case.

You will still need a SWIFT code when sending payments in other currencies or transfers from countries outside SEPA. Euro payments within SEPA usually arrive within one business day, and instant transfers in seconds where both banks support them. Fees are generally low provided everything stays in euros.

Recognising a SWIFT code from Norway

A BIC is 8 or 11 characters long and the parts always come in the same order. Characters one to four stand for the bank, the fifth and sixth characters are the country code and characters seven and eight give the location.

Whatever the bank, every code from Norway have the same fifth and sixth letters. A code with other letters in that position come from another country.

If the last three are XXX, it refers to the main office. Use a branch code only if the recipient explicitly gives you one – otherwise stick with the head office.

When does money sent to Norway arrive?

There is no fixed answer for payments to Norway: many land within a day, others take several business days. Public holidays in Norway or in the sending country add a day or more.

Many banks use SWIFT gpi. Each gpi transfer carries a unique reference, the UETR, which the sending bank can use to trace it. Money transfer services usually show tracking online so you can follow the payment.

The largest SWIFT network in Norway: Storebrand Kapitalforvaltning

Storebrand Kapitalforvaltning leads the list for Norway in SWIFT/BIC codes. The head office uses STKTNOK1000 – the code most transfers need.

How many codes a bank has says more about how it registers branches and services than about how big it is. Making a payment to Storebrand Kapitalforvaltning? Use STKTNOK1000 except when a specific branch code is requested.

What a sender needs to pay you in Norway

Someone abroad who wants to pay you will ask for a few details about your account – incomplete details often cause delays. Share your name as registered with the bank, the IBAN or account number, your bank’s SWIFT code and your address.

The code of your bank appears in the list on this page, yet the version on your own statement or in your banking app is leading. You can add your bank’s name and city as well because some forms have separate fields for it.

Do not be surprised if the incoming amount is below what the sender paid. Correspondent banks can take a fee, your bank may charge for incoming payments, and if the money is converted, an exchange rate margin comes on top. On invoices, state who bears the costs, so nobody is left short.

Bank or transfer service for Norway?

The price of a payment to Norway is made up of several parts – not only the fee you see. Besides a fixed fee, intermediary banks can deduct a charge, and when the money is converted the bank often applies a rate below the actual market rate.

Most of the cost usually sits in the exchange rate, rather than in the fee. Compare the bank’s rate against the mid-market rate, the midpoint you see on financial news sites; the gap is what conversion costs you.

For many currency pairs, a transfer service turns out to be less expensive than a bank – mostly thanks to the exchange rate. On GoldexPay we compare the amount that arrives in Norway with different providers, which makes the cheapest option easy to spot.

Paying in NOK: what conversion costs you

Norway pays in the Norwegian Krone, with the currency code NOK. When you pay money in a different currency, the amount has to be converted somewhere along the way.

Which bank converts the money matters, because each party uses its own rate. In many cases it is cheaper to send NOK directly via a transfer service with a good rate rather than letting the receiving bank convert. With bigger transfers, even a small gap in the rate can be worth more than the fee.