Documenting your finances

When applying for a student residence permit, applicants who have received an offer of admission must document their financial ability to cover living expenses in Norway.

Why and how much to deposit

In order to be granted a residence permit to Norway as a non EU/EEA citizen, the UDI requires that you show documentation that you have enough money to live on while studying in Norway.

This comes in addition to the tuition fees full degree students must pay. Please refer to our web page for further information about tuition fees. 

The required amount varies depending on how long and when you are staying. For the academic year 2024/2025 the amount is: 

  • Two semesters or more: NOK 151 690
  • Autumn 2024: NOK 68 950
  • Spring 2025: 82 740

*For master's degree students that applied by 15 November 2023, the UDI will accept the amount for the previous academic year. For the academic year 2023/2024 the amount was NOK NOK 137 907.

Deadline for transfer of funds to the SiO deposit account

  • 15 June for the autumn semester 
  • 1 November for the spring semester

Important: It is possible to make a transfer of funds to the deposit account after the deadline, but please note that UDI require all documents to be handed in by 1 July/1 December in order for the application of residence permit to be processed in time for the semester start.

Tuition fees for full degree students

Please note that full degree students admitted to studies, will receive a separate invoice for the tuition fees. The deadline to pay the tuition fees is two weeks after you receive the invoice. You cannot pay the invoice through the UDI deposit account. 

Master's degree students starting their studies autumn 2024

If you are planning to arrive in August  2024 you should start the application process and transfer the funds, as soon as you receive an offer of admission to UiO. We recommend submitting the application to the relevant Embassy/consulate/VFS by 1 June. UDI require all documents to be handed in by 1 July.

From a country with visa exemption?

If you are an exchange student from a country that Norway has a visa exemption agreement with, you should not deposit money into the SiO deposit account.  If you are uncertain, please see: Do I need a visa to enter Norway?

How to deposit money at SiO deposit account

  • Register a new user at SiO, and apply for UDI Deposit Account via MyPage.
  • Guide on how to apply for a residence permit deposit account on MyPage
  • Remember to write all your first names (prénom) and family/surnames (nom de famille) exactly as in your Letter of admission in the "Personalia" section. 
  • When the application has been approved, an invoice will be generated.
  • Transfer the money as soon as possible. Make sure to include the full name of the student, date of birth and customer number  (as written in the invoice) in the message/comments field.

Please note

  • Make the transfer in Norwegian kroner (NOK), if possible.
  • You can make the transfer in any currency, but please be aware of the exchange rates.
  • Due to the banking fees we advise you to transfer the money in as few transactions as possible.
  • You must also pay the recipient banking fees in addition to banking fees charged by your own bank.
  • Norway is more or less a cashless society and it might take some time to open a Norwegian bank account.

Confirmation letter

  • Once your payment has been received and registered by SiO, a confirmation letter will be generated. 
  • It may take 5-8 days from when you made your payment until you receive the confirmation letter. You will find your confirmation letter in your application on MyPage.
  • Use the confirmation letter and your own receipt from the transfer when applying for a residence permit at the Norwegian embassy/consulate.

How to access your money

  • You can use your money to pay the housing rent if you are living in SiO Housing. Send an e-mail to udideposit@sio.no and they can make the transfer between the accounts for you.
  • Students staying for two semesters or more can open a bank account in Norway and get the money transferred to their Norwegian bank account.
  • When you have a Norwegian bank account you can apply for a refund on My Page, to get the money transferred.
  • When leaving Norway you can get remaining funds transferred back to the bank account it was originally transferred from.

Collection of reloadable debit card

You can access your money through a reloadable debit card issued by the SiO Accounting Office.

In order to receive your reloadable debit card you must send an e-mail to udideposit@sio.no and book an appointment. You must send a request no later than 12.00 on Thursdays, and SiO will hand out the card on Fridays between 13.00 - 15.00.

The cards must be picked up in person at Domus Atheltica. When you first receive the card it will be loaded with 20.000 NOK.

Please remember to bring your passport. You need to have a valid ID to be able to collect the card. 

Semester fee

Please note that it is not possible to pay the semester fee to UiO directly from the SiO residence permit deposit account, or by using a bank/deposit card. For information about the semester fee, please see the following web page.

Students usually pay the semester fee invoice online using internet banking, but if you do not have a bank account yet in Norway, the alternative is to pay using a bank transfer from your home bank. For more information about paying from a bank abroad, please refer to our web page.

Questions

Contact Knutepunktet - International Student Reception

Published Nov. 27, 2019 6:18 PM - Last modified Mar. 18, 2024 12:37 PM