SpareBank 1 SMN – NOK Exchange Rates

SpareBank 1 SMN overseas euro money transfer alternatives

Beat SpareBank 1 SMN exchange rates when making a krone (NOK) money transfer to or from an overseas bank and your account in Norway – (Expats also use this service to send Norwegian krone, euro, UK pounds and other popular currencies back to their Norwegian accounts at SpareBank 1 SMN).

SpareBank 1 SMN – Norwegian Krone (NOK) vs European Currency Exchange Rates

POPULAR NORWEGIAN KRONE (NOK) EXCHANGE RATES – CHF CZK DKK EUR GBP HUF PLN SEK

UK pound sterling (GBP) to Norwegian krone (NOK) currency rates are updated daily at 09:00 GMT.

Exchange rates can sometimes change and sadly banks do not always inform us when they alter them (especially if they raise exchange rates, rather than lower them). A lower foreign exchange rate will typically get you a better deal when sending money to/from Norwegian krone. Specialist foreign exchange companies including can save you money and time on the transaction.

About SpareBank 1 SMN

SpareBank was founded in 1823 and has its headquarters in Trondheim. It is the third largest bank in Norway in terms of assets. It offers banking and financial products and services to individuals and corporate customers. The bank employs around 1,100 employees and operates in 55 locations in 45 municipalities in both Trøndelag, Møre og Romsdal and Sogn og Fjordane. It is one of six owners of the SpareBank 1 Alliance.

Pound & Krone Transfer to/from SpareBank 1 SMN in Norway

Making a transfer to or from the Norwegian krone using a bank service could potentially lose you thousands of pounds due to the poor FX margin rate offered. Private currency brokers offer a much more competitive rate of exchange.

Example: Currency broker TorFX are one of the UK’s leading and largest foreign currency exchange specialists assisting private individuals and businesses with their foreign currency transfers to and from most countries worldwide including a money transfer service to Norwegian high street banks.

UK bank to SpareBank 1 SMN account v Currency Brokers

1: Bank money transfer information: For overseas money transfers, you will need to be an existing bank account holder with this provider to use their services. General Guidelines – High street banks also charge a commission fee when sending money abroad into another currency – Private brokers offer commission free currency transfers typically over a value of £5000 or Norwegian krone. Bank transfer commission fees range from £15 to £30 depending on the bank.

2: Unless you pay a premium, high street banks will take from 5 to 7 days for your funds to arrive at the destination bank. Private foreign exchange companies typically complete the transaction between 1 to 3 days.

Sending Money Abroad with SpareBank 1 SMN

To transfer funds abroad from your SpareBank 1 SMN account, you have to visit a SpareBank 1 SMN office. You will need to present/submit:

1: Identity document (e.g., passport);
2: Recipient’s account number (20 digits), last name and first name (patronymic, if any) in Latin alphabetic characters;
3: Recipient bank details (SWIFT, name, city and country of the bank).
4: Tell the bank officer the transfer details.
5: Submit the transfer amount to the SpareBank 1 SMN cashier along with the transfer fee.