Associations and nonprofits in Norway usually want a simple low cost account with treasurer access. Many open a local bank association account, while international providers can suit organisations that handle foreign currency.
Suits Nonprofits best
Depends on whether you work 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, with local bank association accounts also common
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, plus local bank association accounts
Fees and features as of 6 May 2026Last reviewed 6 May 2026
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
A nonprofit or association in Norway needs an organisation number, signatories who can be verified, and a low cost account with treasurer access. As of 6 May 2026, many open a local bank association account such as the DNB Foreningskonto, while Wise Business and Revolut Business can suit organisations that handle foreign currency. Compare current terms before choosing.
What Nonprofits in Norway need from a business account
Associations and nonprofits in Norway usually register for an organisation number in the Brønnøysund Register Centre and need signatories who can be identified, often with a Norwegian electronic identity such as BankID. Most want low fees, simple treasurer access, and clear records rather than lending. A local bank such as DNB offers an association account, the Foreningskonto, for clubs and associations, while international providers can suit nonprofits that receive or send foreign currency. Confirm current terms with the provider.
W
Wise Business
No monthly fee and clear conversion pricing for foreign currency, but no local association account features.
Best for
Nonprofits handling foreign currency
Monthly fee
No monthly fee, one off 480 NOK to enable local account details
These providers serve registered organisations in Norway, subject to their checks. Many Norwegian nonprofits also use a local bank association account. Fees and eligibility shown as of 6 May 2026. Confirm current terms with the provider before applying.
How does an association open a bank account in Norway?
An association usually registers for an organisation number, then applies with identification for its signatories. Local banks such as DNB offer an association account, the Foreningskonto. Verify the current requirements with the bank as of 6 May 2026.
Can a nonprofit use Wise Business or Revolut Business?
A registered nonprofit can be considered by Wise Business or Revolut Business subject to their checks, which can suit organisations that handle foreign currency. A local bank association account is often simpler for purely domestic activity. Confirm eligibility with the provider.
Do nonprofits get lower fees in Norway?
Some local banks offer association accounts aimed at clubs and nonprofits, and pricing varies by bank. International providers price by plan rather than by organisation type. Compare the current fees with each provider before choosing.
Who can access a nonprofit account?
Access depends on the signatories your organisation registers and the bank rules. Many providers offer multi user access so a treasurer and board members can be added with permissions. Confirm the current access and approval options with the provider.
Fees, features, and eligibility change and vary by region. This page was last reviewed on 6 May 2026. Confirm current terms with the provider before applying.