Bank Norwegian review

No to both. The monthly fee is NOK 0 and the minimum deposit is NOK 0, so an account can be opened and kept with no cost. That matches the no monthly fee model shared by most savings accounts on the site.

The account pays a variable rate of 3.5%, which sits above the site median of 3%. Because the rate is variable it can change, so the return on savings is not fixed for a term.

Yes. Withdrawals are unlimited and free of charge over a calendar year, and the same account takes direct debit and AvtaleGiro. That means everyday bills and savings can be held together rather than split across separate accounts.

ATM withdrawals carry a charge of NOK 0, so taking out cash adds nothing to what you pay for the account. The monthly fee is NOK 0 and the minimum deposit is NOK 0, so keeping the account costs nothing.

Currency conversion is charged at 1.75%, which is well above the site median of 0.5% and near the upper end of the site range. Frequent foreign spending therefore erodes the interest, which is 3.5%.

The account is run by NOBA Bank Group AB (publ) NUF, with a head office in no. It was founded in 2007 and the stated audience is travelers. The monthly fee is NOK 0, so running the account adds no cost to what you save.

It is an easy access account, meaning money can be taken out on demand rather than locked until a term ends. Interest accrues while the balance sits there, and the same account handles payments.

Support runs through phone, email and help centre, which covers phone, email and a help centre. The monthly fee is NOK 0, so none of those routes adds an account charge, and the same terms apply to the savings side.