In this article, you'll discover whether Revolut works in Norway, explore some potential drawbacks if it is available, and consider the possibilities it offers for managing your finances while traveling.
Does Revolut Work In Norway?
Revolut is available in Norway, allowing users to access a range of financial services through its app. Users in Norway can spend in different currencies, earn RevPoints, and use various card options. Additionally, they can access savings accounts with interest, send and receive money both domestically and internationally, and invest in stocks and commodities.
Functionality in Norway includes fee-free ATM withdrawals, depending on the plan, and the ability to hold and exchange multiple currencies. Users can also set spending limits, freeze their card, and manage their finances through the Revolut app. Security features such as two-factor authentication and instant notifications are also available to ensure safe transactions.
Fees and Charges for Using Revolut in Norway
Here are some general costs that users might encounter when using Revolut in Norway:
- Currency exchange fees: Subject to fair-usage limits and weekend markups.
- ATM withdrawal fees: Fee-free up to certain limits based on the plan; beyond these limits, a fee of 2% or a minimum of £1 applies.
- Transaction fees: No specific transaction fees for spending in Norwegian Kroner, but currency exchange fees may apply if the currency is not held in the wallet.
- Withdrawal limits: Fee-free ATM withdrawals up to £200 for Standard and Plus plans, up to £400 for Premium plan, and up to £800 for Metal plan. Withdrawals beyond these limits are charged at 2% of the value of the ATM withdrawal or a minimum fee of £1 (whichever is greater).
- Additional ATM fees: Some ATMs may charge an additional fee that Revolut cannot prevent.
Is Revolut the Best Option in Norway?
Even though Revolut is available in Norway, it might not be the best option for users due to certain limitations and restrictions that could affect the overall user experience.
- ATM access fees: Some ATMs may charge additional fees that Revolut cannot prevent.
- Currency exchange markups: Weekend markups and fair-usage limits can increase costs.
- Withdrawal limits: Fee-free withdrawals are capped based on the user's plan.
- Customer support: Limited customer support options may delay issue resolution.
- Service disruptions: Occasional app outages can hinder access to funds and services.
Alternatives to Revolut in Norway
1) OneSafe
OneSafe is a leading alternative payment solution in Norway, offering a seamless and user-friendly experience. With lower fees, efficient onboarding, and robust customer support, OneSafe stands out. Key features include multi-currency support, global payments, and secure financial operations, making it a superior choice for managing finances.
OneSafe Reviews
Users have praised OneSafe for its comprehensive features, including ACH, Crypto, Wire deposits, and Virtual cards. Many appreciate the bank's support for various businesses and express gratitude for its services. OneSafe is often described as the best bank users have experienced, highlighting its user-friendly and efficient financial solutions.
2) Wise
Wise is a viable alternative payment solution in Norway, offering a multi-currency account, international money transfers, and an international debit card. Users benefit from low fees, transparent exchange rates, and fast transactions. Additionally, Wise supports Norwegian krone (NOK) transactions, making it a practical choice for both personal and business use.
Wise Reviews
Wise has an overall rating of 4.7 out of 5 based on 86 reviews. Users generally mention issues with money transfers being returned without notification and challenges with the document approval process. Check out more Wise reviews here.
3) Paypal
PayPal is a reliable alternative payment solution in Norway, offering secure payments, global money transfers, and support for online shops. Key features include Buyer Protection, 24/7 fraud monitoring, and the ability to link multiple cards. These benefits make PayPal a practical choice for both personal and business transactions.
Paypal Reviews
PayPal has an overall rating of 4.4 out of 5 stars based on 2,117 reviews. Users generally mention high transaction fees and occasional delays in dispute resolution. Check out more PayPal reviews here.
Frequently Asked Questions about Revolut in Norway
Can I use Revolut to pay in Norwegian Kroner?
Yes, Revolut supports payments in Norwegian Kroner without additional transaction fees.
Are there any fees for withdrawing cash in Norway?
Fee-free withdrawals are available up to certain limits based on your Revolut plan.
Does Revolut offer customer support in Norway?
Revolut provides customer support, but response times may vary and can sometimes be delayed.
Can I hold multiple currencies in my Revolut account?
Yes, Revolut allows you to hold and exchange multiple currencies within the app.
Is Revolut safe to use in Norway?
Revolut employs security features like two-factor authentication and instant notifications to ensure safe transactions.
Begin Your Journey with OneSafe Today!
Choosing the right payment solution in Norway is crucial for managing your finances effectively. While Revolut offers various features, alternatives like OneSafe provide lower fees and robust customer support. Explore OneSafe for a seamless financial experience. Sign up today!
