Best business accounts for Freelancers and Sole Traders in Norway
Snapshot
Freelancers and sole traders in Norway usually want a simple low cost account to invoice clients, pay expenses, and separate business money. The right fit depends on whether you bill mainly in Norwegian krone or across currencies.
Suits Freelancers and Sole Traders best
Depends on whether you bill mainly in Norwegian krone or across currencies
Typical monthly fee
From no monthly fee with Wise Business to paid plans from kr 150 a month
Non resident position
Possible where the business is registered in Norway, with stricter checks for non residents. Verify with the provider.
Providers that fit
Three reviewed here
Fees and features as of 8 May 2026Last reviewed 8 May 2026
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
A freelancer or sole trader mostly needs clean invoicing, a card for expenses, and a clear split between business and personal money. As of 8 May 2026, Wise Business has no monthly fee and suits cross border billing, while Revolut Business adds cards and controls on paid plans. A local bank can suit mainly domestic work. Compare current terms before choosing.
What Freelancers and Sole Traders in Norway need from a business account
Freelancers and sole traders in Norway commonly register a sole proprietorship, an enkeltpersonforetak, with an organisation number. Most want low cost invoicing, an expense card, and a clear separation between business and personal money rather than lending or branch services. If your clients pay in foreign currency, a multi currency account can reduce conversion costs. Confirm current terms with the provider.
W
Wise Business
No monthly fee and clear conversion pricing, but no lending or branch network.
Best for
Freelancers billing foreign clients
Monthly fee
No monthly fee, one off 480 NOK to enable local account details
Compare accounts for Freelancers and Sole Traders in Norway
These providers serve business customers in Norway. Fees and eligibility shown as of 8 May 2026. Confirm current terms with the provider before applying.
Questions about banking for Freelancers and Sole Traders in Norway
Do I need a business account as a sole trader in Norway?
A sole proprietorship is not legally required to have a separate business account, but a separate account makes bookkeeping and tax reporting cleaner. This is general information, not advice, so confirm your situation with an accountant.
Can a sole proprietorship open these accounts?
Wise Business and Revolut Business can serve a registered sole proprietorship, an enkeltpersonforetak, subject to their checks. Airwallex is built for registered companies. Confirm eligibility with the provider as of 8 May 2026.
What is the cheapest account for a freelancer?
As of 8 May 2026, Wise Business charges no monthly fee, with a one off 480 NOK to enable local account details, while Revolut Business paid plans start at kr 150 a month. The cheapest option depends on your payment volume. Verify with the provider.
Can I get paid in foreign currency as a freelancer?
Yes. Wise Business and Airwallex provide account details in several currencies, which can reduce conversion costs when foreign clients pay you. Check the supported currencies and conversion margin with the provider.
Fees, features, and eligibility change and vary by region. This page was last reviewed on 8 May 2026. Confirm current terms with the provider before applying.