Students from outside the EU (European Union) and EEA (European Economic Area) need to document a certain amount of money in a Norwegian bank account in order to be granted a student residence permit / visa to Norway. This amount is at present NOK 92 500,- for one academic year and NOK 50 000 for one semester. The Norwegian Immigration Authorities (UDI) enforce this rule strictly and will not accept other means of documentation such as a bank statement from a bank in your home country or financial guarantees from relatives or others. If the UDI does not accept your documentation it will affect your residence permit application both with regard to: A) The final result: Your residence permit / visa might be denied B) Processing time: The length of the processing time of the application is sure to be much longer than normal, which means you will not obtain your residence permit / visa in time to start your studies.
In order to open a bank account in Norway you need a Norwegian national ID number. This number is issued by the National Population Register after your arrival in Norway. Since the students must document their finances in order to obtain a residence permit, a Deposit Account has been opened at NTNU for this purpose. Please read the instructions below if you want to transfer your money to the Deposit Account.
NB! Students who already have a Norwegian bank account or who have a Norwegian National ID number which enables them to open a bank account in Norway, must transfer their money to their personal bank account instead of using the Deposit Account for International Students.
Instructions for depositing money our Deposit Account for International Students
1. Conditions for depositing money in the Deposit Account for International Students:
a. Only students from countries outside the EU/EEA accepted for studies at the Norwegian...