Instructions for funds transfer

International students must document sufficient funds when applying for the study permit. After being accepted at NMBU, new students must transfer funds to a Norwegian bank account. To facilitate the transfer of funds, the university offers a service whereby funds can be transferred to a bank account administrated by he University Foundation for Student Life (SiÅS) . More information about the study permit process can be found on the UDI pages.

This information is for funds for living costs only, payment information for tuition fees will be sent to applicants by email.

• Transfer Amount for economic funds

  For the academic year 2024/2025 the immigrations authorities require documentation of financing in the amount of NOK 151 690. Double degree students studying only one semester at NMBU, can transfer funds for the relevant semester. The financing amount is NOK 68 950 for the autumn semester in 2024 and NOK 82 740 for the spring semester in 2025. The student shall bear transaction costs charged by all banks. The university will provide confirmation once the funds are received in Norway for the study permit application.

  Each year UDI increases the amount. For the academic year 24/25 the amount is NOK 151 690. Since applicants received admission before the new amount is published, UDI accepts the amount for the previous year.

• Accepted currencies

  Transfers in other currencies is permitted, such as transfer in USD $ or EURO €.
  Upon receipt, the bank will automatically convert funds to NOK for a fee of 100 - 200 NOK. On the day of the transfer, your bank should be able to make the currency conversion, but you can also check the DNB Currency Converter.

• Deadline

  The funds must be transferred in one installment no later than 15 May to start the study permit process.  In extraordinary circumstances the deadline might be extended as noted on the admission letter. The university takes no responsibility for funds that cannot be identified or have been transferred after the deadline. If you cannot meet the deadline, the admission offer will be withdrawn and we advise you to apply again next year.

  If the student fails to obtain a residence permit, the funds will be transferred back to the student. 

• Bank Account Information

  SiÅs administers the bank account. The account holder name and address is:           
  
  STUDENTSAMSKIPNADEN I ÅS
  (Foundation for Student Life in Aas)                               
  1432 ÅS (Aas)
  Norway
  
  ACCOUNT NO: 1654 05 03420
  IBAN NR: NO1416540503420
  SWIFTCODE/BIC: DNBANOKK or DNBANOKKXXX

  Mark the payment with your “Applicant No.", your "Student No." or "Curstomer number with SiÅs" and your FULL name.
  This information is for funds for living costs only, payment information for tuition fees will be sent to applicants by email.
  
  Bank Name and Address:
  DNB NOR BANK  ASA
  STRANDEN 21, AKER BRYGGE
  NO-0021 OSLO                                              
  Tel: +47 915 04800

  Email the transfer receipt to studyfunds@sias.no clearly labeled with your applicant or student number.

• Access to Funds

  Once funds are transferred to the university account, funds can be accessed in the following ways ONLY:

  • Prepaid debit card can be requested. The cost of the card is NOK 150, and a usage fee of NOK 10/month.
  • After arrival in Norway and the student opens an account, the funds can be transferred to the student's Norwegian bank account minus any applicable bank fees.
  • Funds are returned to home bank account if study permit is not granted.
  • Student can authorize NMBU to transfer funds to SiÅs housing. See section on Housing Deposit below.
• Housing Deposit

  Housing is organized through the University Foundation for Student Life (SiÅS) and is a separate organization. You can use part of these funds towards your housing deposit. A form is provided by SiÅs Housing to authorise the housing payment from your funds. Any questions regarding payment for accommodation should be directed to the housing office at the University Foundation for Student Life: https://www.sias.no/housing/new-at-nmbu/arrival-form/