If you are bringing currency with a value corresponding to more than NOK 25,000 to or from Norway, you have to notify Norwegian Customs. If you fail to notify, you will be fined 20 per cent of the entire amount or reported to the police.
It is permitted to bring currency of a value of more than NOK 25,000 to and from Norway, but this has to be declared before travelling. There is no tax on the amount. The rule applies to Norwegian and foreign notes, coins and other means of payment (e.g. gift cards).
The amount is declared by completing a declaration form and submitting this to Norwegian Customs:
- When leaving Norway: submit the form to the nearest customs office from where you are travelling from.
- When travelling to Norway: go through the red channel upon arrival and submit the form there.
For more information, contact your nearest customs office or call our Information Centre on phone no. +47 22 86 03 12.
Penalty for failure to notify
If you have failed to report amounts above NOK 25,000, Norwegian Customs will impose a penalty of 20 per cent of the money you are carrying. This applies to the entire amount. For example, a failure to report NOK 26,000 will result in a NOK 5,200 penalty.
Norwegian Customs will confiscate the entire amount on suspicion of crime
If the import and export of currency and other means of payment is suspected to be related to criminal activity, Norwegian Customs will report to the police. Norwegian Customs will confiscate the entire amount until it's been a full investigation.
Transfer of money using banks, financial institutions and payment companies
If you as a private person want to transfer money to a foreign country using a bank, you do not need to report this to the Norwegian Customs. Banks, financial institutions and payment companies in Norway report such transfers to The Currency Register.