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setting up savings account in norway?

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  • 14-12-2010 12:21am
    #1
    bob5666
    Registered Users Posts: 202 ✭✭


    just wondering is it hard to setup a savings account in norway? and if not how would you go about it?


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  • Options
    #2
    Atlantic Dawn
    Registered Users Posts: 82,570 ✭✭✭✭Atlantic Dawn
    M


    I'd imagine you would have to be in Norway in person with photo ID to satisfy money laundering legislation when opening the account, after that it should be simple enough transfering money in to the account.


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    #3
    BlackEdelweiss
    Registered Users Posts: 1,535 ✭✭✭BlackEdelweiss


    I was just coming on here to ask about opening one in Sweeden, I am sure there cant be too much difference between the 2.


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    #4
    JTMan
    Registered Users Posts: 5,540 ✭✭✭JTMan


    There are 100's of stories about people opening up bank accounts outside Ireland on the AM deposit forum here: http://www.askaboutmoney.com/forumdisplay.php?f=69

    98% likely you will need to travel to Sweden. Then you will need to find a bank that allows non resident accounts.

    There are other options like KeyTrade in Belgium where you don't have to go to Belgium in person.


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    #5
    BlackEdelweiss
    Registered Users Posts: 1,535 ✭✭✭BlackEdelweiss


    Can you open a foreign currency account with one of the Irish banks, I heard that somewhere aswell. At least then your money is not in euros.


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    #6
    JTMan
    Registered Users Posts: 5,540 ✭✭✭JTMan


    BlackEdelweiss wrote: »
    Can you open a foreign currency account with one of the Irish banks, I heard that somewhere aswell. At least then your money is not in euros.

    Yeah, PTSB allow retail savers to open GBP, USD, AUD and JPY accounts.


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    #7
    Toots
    Administrators, Business & Finance Moderators, Society & Culture Moderators Posts: 16,920 Admin ✭✭✭✭✭Toots


    Most banks will do this, but it's worth bearing in mind that there's usually a minimum amount required to open them and the money usually isn't instantly accessible. It'll also still be on the books of the bank where you opened the account.


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    #8
    bob5666
    Registered Users Posts: 202 ✭✭bob5666


    what sort of interest would they pay and would they hold norwegian krone do you think?


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