If you have regular payments in a foreign currency, a currency account may be beneficial.
You choose yourself when you want to exchange currencies.
Payments in the same currency may be made, no need to involve NOK.
You do not have to worry about fluctuations in the exchange rate.
Terms
- It is free of charge to open an account
- You pay based on the currency exchange
- The interest rate follows the deposit rate of the currency in question
How it works
If you have regular purchases and sales in the same currency, a currency account may be beneficial. If you receive money into your account, it will remain in the actual currency, until you choose if and when to exchange it. On paying for an item in the same currency, you can make a payment directly from your currency account, no need to involve NOK.
Since you can choose when you want to exchange a currency amount, there is less risk of having to monitor the NOK rate. You may wish to sell or buy currency according to the rate of exchange against NOK.
You may have one or more foreign currency accounts and they can be opened in most currencies. An overview of all payment products can be found in Online Banking. If you wish to purchase or sell a larger amount, we advise you to contact us to fix an agreed exchange rate.
