Open a NOK Account - Norwegian Krone

Opening an account is very simple.

1. Send us your request to open a NOK account via the form on the left or through the account opening form. We will contact you to schedule a phone call to fully understand your needs regarding NOK flows.
2. Following this discussion, we assist you with the administrative formalities to open access to the services of one of our partners, selected based on your needs. We remain your sole point of contact for the entire client relationship.
3. Once access to the services is validated, you can request the opening of your Norwegian Krone account and any other eligible currency. Your NOK account banking details are generally provided within minutes, and you can start receiving and making payments in NOK (Norwegian Krone).
4. If your business evolves and you have needs in other currencies, you can request the addition of an account in another currency at any time.

The Norwegian Krone (NOK) account for which we provide the details is not a bank account per se because the account-holding institution is not a bank but a partner payment institution. These accounts are registered in your name, and the IBAN associated with the account is unique. This ensures the segregation of your funds in our partners' records. The security guarantees for your funds are similar to those offered by traditional banks. The account can be located in different countries according to your operational needs. Please refer to the page on opening a Norwegian Krone (NOK) account for more information.

It may be useful for your NOK (Norwegian Krone) account to be located in France or alternatively in another country, depending on your operational needs and the location of your clients. This is why we allow great flexibility in the location of currency accounts. The NOK (Norwegian Krone) account can be located in the following countries of your choice:

• France
• Norway
• United Kingdom
• Belgium
• Netherlands

You can view the updated table of possible NOK (Norwegian Krone) account locations here: account locations

You can use this Norwegian Krone account to receive or store NOK for as long as you wish, provided your account is active. You are automatically notified by email each time a Norwegian Krone transfer is received in your NOK account. You can then freely reuse these NOK to make payments in NOK to your suppliers or convert your Norwegian Krone, benefiting from very competitive exchange rates. There is no obligation for account movements. 

Foreign currency payment collection systems like Adyen, Stripe, Paypal, Hipay, or internal marketplace systems like Amazon Pay are widely used by companies conducting international transactions. These systems are efficient, but if you do not have an account in the collected foreign currency, your income in that currency is automatically converted to euros at often very unfavorable exchange rates. Even when you have a bank account in the collected currency, this account often needs to be located in the country where the sale occurs, which can be complicated with a traditional bank. Some of our partners offer currency accounts compatible with most marketplaces and collection systems.

You can find all eligible currencies for currency account opening by visiting this page.

It is not possible to deposit checks or cash into your NOK (Norwegian Krone) account. Only bank transfers are accepted for transactions on the account. No bank card can be linked to the account at this time.

Account statements detailing all operations in Norwegian Krone are downloadable at any time from the online interface. These statements include maximum information on beneficiaries, the origin of funds, related exchange operations, to facilitate your accounting department's work.

All account statements can be automatically integrated into your treasury software or ERP via MT940 files. You can thus find all NOK (Norwegian Krone) movements in your software without even needing to connect to our online interface to obtain the up-to-date balance of your NOK (Norwegian Krone) account. Our technical teams can also automate the processing of currency payment files provided by your TMS / ERP.