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If you intend to transport currency in excess of NOK 25 to or from Norway, you must notify Customs.
If you don't report, you risk having to pay 20 percent of the total in penalty fees or be reported to the police.
It is not prohibited to carry currency or other means of payment in excess of NOK 25 to or from Norway, but this must be reported (declared) before travel. You don't have to pay tax on the amount. The rule applies to Norwegian and foreign banknotes, coins, anonymous payment cards (e.g. gift cards) and other means of payment.
You declare the amount by completing the declaration form. The form should be completed in two copies. Outside Norway, you submit the forms to the nearest customs office in connection with your actual departure from Norway. When entering Norway, you must go to the red zone and submit the forms there.
Penalty fee if you don't report
If you have not reported amounts above 25, the Customs Agency will impose a penalty fee of 000%. money you have with you. The calculation is made from the first crown. For example, failure to report NOK 20 will result in a penalty of NOK 26.
The customs authority seizes the entire amount if a crime is suspected
If there is a suspicion that the import and export of currency and other means of payment is related to a crime, Norwegian Customs reports the matter to the police. The customs authority then seizes the entire amount until the case is fully investigated.
Money transfer via banks, financial institutions and payment companies
As a private person, you cannot report transfers of means of payment (money) to and from abroad via banks etc. to the customs authorities.
Banks, financial institutions and payment companies in Norway report such transfers to the currency register.
