Send Money to Norway

You can save money with every passing international payment from Canada to Norway. The trick is to use a currency specialist instead of your bank.

Fun fact: Norway is one of the few countries where Canadians can study for free or almost free. Living life as an international student in Norway is one of the many reasons for sending money from Canada to Norway. 

Given Norway’s thriving export and real estate economy, more reasons to send money include buying property and paying Norwegian suppliers. You could also simply wish to send money home to loved ones.

In any case, the first step is finding the right currency exchange service. This article explains how to send money to Norway in the simplest and most cost-effective way. 

Ways to transfer money internationally

The most common ways to transfer money internationally are:

• Banks/credit unions
• Cash transfer service
• International payments specialists

While it looks like you’re spoilt for choice, it’s essential to narrow down your options if you’re interested in cost-effectiveness, convenience and speedy transfers. You may be familiar with your bank, but banks are usually not the most budget-friendly or time-efficient option.

Similarly, using a cash transfer service can be a major inconvenience because the money must be deposited and collected in person. It’s also typically expensive and is better left as a method of last resort.

The best option is to use a specialist international payments provider that offers maximum value for your money with competitive exchange rates and low transfer fees. You have 24/7 access to a secure online platform, foreign exchange tools and expert help to enhance your international money transfer experience.

How much does it cost to transfer money internationally?

It’s essential to protect your pockets when sending money to Norway or internationally. That means understanding the costs involved and finding the most cost-effective way to send money abroad. Generally, the cost of sending money internationally boils down to the following:

• Exchange rates. You’ll need to convert your Canadian dollars to the Norwegian Krone. The more competitive the rate, the more you save during the conversion. By using a specialist service like MTFX that offers bank-beating rates (3-5% lower), the cost of international money transfers is significantly reduced. For example, you can save up to $1,500 when you transfer $30,000.
• Transfer fees. You can also avoid the expensive transfer fees charged by banks when you opt for the lower transfer fees offered by a specialist service.
• Hidden charges. Make sure you have total visibility over your international payments with access to a secure online platform, such as the one offered by MTFX. You can easily track your payments and know where you stand cost-wise.

If you’re sending money to Norway, the Canadian Dollar to Norwegian Krone exchange rate matters. So, before you initiate the transfer, check the CAD/NOK exchange rate in real time with MTFX’s rate calculator.

What do I need to send money?

When making an international money transfer to Norway, you need to have the following information on hand: 

• Beneficiary name
• Beneficiary account number
• Beneficiary address
• Bank name
• Bank address
• Bank Swift code
• Reason for your transfer 

How long does it take to transfer money to Norway?

Using a specialist FX service like MTFX is your best bet if you’re looking to send money overseas quickly and securely. Whenever you initiate a transfer, MTFX will tap into its network of Norwegian banking partners so your beneficiary can receive the money within 24-48 hours. 

MTFX also offers same-day and almost-instant transfers for those times when time is of the utmost essence. It also helps that setting up an MTFX account takes just a few minutes, and you can transfer money internationally by pressing a few buttons.

Can I set up a regular money transfer to Norway?

If you have a long-term financial connection to Norway, setting up regular money transfers can make life easier. Perhaps you want to transfer your pension payments to a Norwegian bank account, pay suppliers and salaries or receive money for everyday living costs abroad. 

Whatever the reason, you can log in to your MTFX account and set up automated online payments according to your schedule and preferences. It’s a hands-free and incredibly convenient way to make international payments. You can still enjoy all the benefits, such as on-time payments and reduced admin.

Send money to Norway today

Sending money internationally doesn’t have to be expensive or complicated. With MTFX, you can access competitive exchange rates, low transfer fees, FX tools and support from FX specialists. 

That means you can make the most of your money, enjoy a personalized international money transfer experience and the ease of making payments with the click of a button.

Register an account today to send currency overseas via MTFX.

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