Instructions for Funds Transfer
For the study year 2020-2021 the immigrations authorities require documentation of financing in the amount of NOK 123 519. Double degree students studying only one semester at NMBU, can transfer funds for the relevant semester. The financing amount is NOK 56 145 for the autumn semester in 2020 and NOK 67 374 for the spring semester in 2021. 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 20/21 the amount was NOK 123 519 and for 21/22 the amount is NOK 126 357. Since applicants received admission before the new amount was published, UDI accepts the amount for the previous year.
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.
The funds must be transferred in one installment no later than 15 May to start the study permit process. In special circumstances the deadline might be extended as noted on the admission letter.j The university takes no responsibility for funds that cannot be identified or have been transferred after the deadline. If you cannot meet the deadline, 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.
NMBU administrates the bank account, however, the account holder name and address is:
STUDENTSAMSKIPNADEN I ÅS
(Foundation for Student Life in Aas)
1432 ÅS (Aas)
ACCOUNT NO: 5081 07 19181
IBAN NR: NO9850810719181
SWIFTCODE/BIC: DNBANOKK or DNBANOKKXXX
Mark the payment with your “Applicant No." or your "Student No." and your FULL name.
Bank Name and Address:
DNB NOR BANK ASA
STRANDEN 21, AKER BRYGGE
Tel: +47 915 04800
Email the transfer receipt to email@example.com clearly labeled with your applicant or student number.
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 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: firstname.lastname@example.org.