Instructions for funds transfer

Transfer Amount

For the study year 2021-2022 the immigrations authorities require documentation of financing in the amount of NOK 126 357. Double degree students studying only one semester at NMBU, can transfer funds for the relevant semester. The financing amount is NOK 57 434 for the autumn semester in 2021 and NOK 68 923 for the spring semester in 2022. 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 for 21/22 the amount is NOK 126 357. Since applicants received admission before the new amount is published, UDI accepts the amount for the previous year.

Currencies Accepted

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 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 If you cannot meet the deadline, the admission offer will be withdrawn and we advise you to apply again next year.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

NMBU administrates the bank account, however, the account holder name and address is:            

(Foundation for Student Life in Aas)                               
1432 ÅS (Aas)

ACCOUNT NO: 5081 07 19181
IBAN NR: NO9850810719181

Mark the payment with your “Applicant No." or your "Student No." and your FULL name.

Bank Name and Address:
NO-0021 OSLO                                              
Tel: +47 915 04800

Email the transfer receipt to 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:

Published 25. February 2019 - 9:39 - Updated 18. May 2022 - 11:17