Student deposit for visa-seeking students

Proof of financial ability is a formal admission requirements at UiT, for non-EU/EEA applicants. The Norwegian Directorate of Immigration (UDI) requires that you must have access to enough funds to pay for own living expenses for at least one academic year, to be granted a study permit.

The Arctic Student Welfare Organization of Norway (Studentsamskipnaden) have a deposit account in Danske Bank for foreign students, where they can deposit the required amount of money. You will have access to your money after arriving in Norway through a prepaid card (cash card) until you receive a national ID number to open your own bank account. The deposit will only be transferred to your bank account or to your cash card (se below for detailed information).

Self-funded students must transfer their funds to the deposit account to be able to apply for a student visa (Study Permit). The deadline for transfer is June 1st.

If you live in Norway and have your own Norwegian bank account, you do not need to transfer any fund to the deposit account.

If you live in Norway but do not have your own Norwegian bank account, you may use the student deposit account arrangement to renew or extend your Student Residence Card in Norway. The deadine for transfer is June 1st.

You must deposit NOK 170 368* (for admission autumn 2027) or its equivalent in foreign currency as proof of financial ability for at least one academic year (2 academic semesters). If you are going to be a student for only one semester in Norway, you must deposit NOK 77 440 for the autumn semester and NOK 92 928 for the spring semester.

*The required amount is subject to change by April each year.

Read the conditions of deposit (below) carefully before transferring your money to the deposit account of The Arctic Student Welfare Organization of Norway.  

• The Swift and IBAN codes are used for electronic payments. Contact your local bank for details.

• Make sure to transfer the money exactly in your own name as in your official ID document to the following account in Danske Bank. Please ask your bank clerics if you do not know how to do it.

Deposit bank account details:

Please be advised that these conditions are legally binding so read them carefully:

• Only students accepted to studies at UiT can deposit money in this account. 

• There is no interest gained on money deposited in the deposit account.

• A banking fee/commission may be deducted from the money deposited in your home country.

• You must tell The Arctic Student Welfare Organization your Norwegian address and bank account number as soon as possible.

• The Arctic Student Welfare Organization of Norway charges a service fee of NOK 350 which is withdrawn from the deposit.

It may take a few days before you get access to your money after arrival. We therefore recommend that you bring along a debit card or credit card with enough cash for at least two weeks. Visa and Mastercard are accepted at most terminals and ATMs, other banking providers may not be accepted. There is an ATM at most airports, but note that cash is rarely used in Norway. Euro is not an accepted currency in Norway. 

Accessing your deposit:

• To access your money in the deposit account, while waiting for your Norwegian bank account, you may receive a prepaid card.
• The issuing of a prepaid card costs NOK 200. It can be used (at no cost) in any store, at ATMs and terminals labelled Bank Axept. 
• For inquiries regarding the prepaid card: send an e-mail to prepaid.card@samskipnaden.no or visit the nearest office of the Arctic Student Welfare Organization of Norway at your campus.
  
  

Opening a Norwegian bank account:
Information on how to open a Norwegian bank account after receiving a Norwegain ID number can be found here.

How to transfer your deposit to your own bank account:

• After you have set up a Norwegian bank account, e-mail The Arctic Student Welfare Organization of Norway (deposit@samskipnaden.no), and send them a confirmation from the bank that includes your name and account number, as well as a copy of your passport.
• All of your money will then be transferred to your new account, except for the service fee of NOK 350, and the money already withdrawn by you, if any. 

In case you cannot start your studies at UiT, your deposit will be refunded.

Please be aware that the final sum returned to you may vary as a result of changes in the exchange rates before or during transfer, or fees charged by your bank. A service fee of NOK 350 will be charged for the return of your deposit.

Send an e-mail to deposit@samskipnaden.no with the following information:

• Bank account number
• IBAN or SWIFT/BIC codes (if to a foreign bank)

For Russian/American/Canadian and other accounts without IBAN you must send the following information:

• Name and address of beneficial bank
• Your name and address of account holder
• Account number
• SWIFT
• ROUTE number (only for American/Canadian transferring)
• Inform us either EURO, US dollars or Canadian dollar (Rubles not accepted)