Documentation of financing & deposit account

All students from outside the EU/EEA/EFTA countries need to provide documentation of sufficient funds to cover their living expenses in Norway.

Degree-seeking students

For the academic year 2026/2027, the minimum amount is:

  • NOK 166 859 for one year (2026/2027)

Students outside the EU/EEA/EFTA need to deposit the requested amount (as stated above) into a Norwegian bank account. If you do not have a bank account in Norway, you may use the Deposit Account of INN.

The Norwegian Directorate of Immigration (UDI) (external link) enforces this rule strictly. They will, in most cases, not accept other means of documentation, such as a bank statement from a bank in your home country or financial guarantees from relatives or other third parties. If the UDI does not accept the documentation, it will affect the residence permit application for both

  • the final result (the residence permit/visa application might be denied), and,
  • the processing time (the length of the processing time of the application will be much longer than average, which is two months).

As a result, you will not obtain your residence permit/visa in time to start your studies. 

Transferring and accessing deposit after arrival

Deposit account

Students without a Norwegian personal ID number cannot open a Norwegian bank account abroad and transfer the requested amount to such accounts before applying for a residence permit/visa. They must transfer the deposit to INN's Deposit Account in DnB NOR ASA. The Deposit Account is reserved for international students from visa countries outside the EU/EEA.

The deposit will be fully refunded (except for transfer fees) after you have obtained your Norwegian bank account or if your visa application is declined and you must withdraw your admission. 

Students with an existing Norwegian bank account or a Norwegian ID number, which enables them to open a bank account in Norway, must transfer their money to their bank account, not the INN Deposit Account. They must then request the confirmation of funds from one's bank.

INN will provide further information by e-mail to admitted students. 

Gaining access to the deposited money after arrival

Students can apply for an advancement of the deposit (NOK 20.000) through a reloadable debit card while waiting for their Norwegian ID number and bank account (the waiting time takes approximately two months). They must complete the police registration and appointment to be eligible for advancement.

Upon receiving a Norwegian bank account, they can apply for a transfer of the remaining funds.

Last modified Mar. 6, 2026 10:52 AM