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Norwegian Krone (NOK)

Overview

Payment type SWIFT (Priority) Local (Regular)
Cutoff time (UK Time) 10:30 am 10:30 am
Delivery time frame 0 days 0 days
Maximum payment size No limit 25 million NOK
Payment Scheme SWIFT Norwegian Interbank Clearing System
Destination countries Any(excluding sanctioned) Norway
Traces Yes No
Recalls Yes No
Ultimate payer displayed? Yes No

Required details

Regular Payment

Field Individual Company Permitted Data Notes
Beneficiary Entity Type Yes Yes ‘individual’ or ‘company’ only
Beneficiary First Name Yes No 1-255 characters*
Beneficiary Last Name Yes No 1-255 characters*
Beneficiary Company Name No Yes 1-255 characters*
IBAN Yes Yes 15-34 alphanumeric characters; spaces permitted
BIC SWIFT Yes Yes Valid ISO 9362 SWIFT BIC code; 8 or 11 alphanumeric characters
Payment Currency Yes Yes 3 letter ISO currency code
Payment Amount Yes Yes Numeric amount
Payment Reference Yes Yes 1-255 characters*
Payment Reason Yes Yes 1-255 characters*
Payer Entity type Yes Yes ‘individual’ or ‘company’ only
Payer First Name Yes No 1-255 characters*
Payer Last Name Yes No 1-255 characters*
Payer Company Name No Yes 1-255 characters*
Payer Address Yes Yes 1-255 characters*
Payer City Yes Yes 1-255 characters*
Payer Country Yes Yes 2 letter ISO country code
Payer Date of Birth Yes No ISO 8601 format (YYYY-MM-DD).

Priority payment

Field Individual Company Permitted Data Notes
Beneficiary Entity Type Yes Yes ‘individual’ or ‘company’ only
Beneficiary First Name Yes No 1-255 characters*
Beneficiary Last Name Yes No 1-255 characters*
Beneficiary Company Name No Yes 1-255 characters*
Beneficiary Address Yes Yes 1-255 characters*
Beneficiary City Yes Yes 1-255 characters*
Beneficiary Postcode Yes Yes 1-12 characters* Only required when sending payments to Canada, Mexico and the USA.
Beneficiary State or Province Yes Yes 1-255 characters* Only required when sending payments to Canada, Mexico and the USA.
Beneficiary Country Yes Yes 2 letter ISO country code
IBAN Yes Yes 15-34 alphanumeric characters; spaces permitted IBAN must be used when sending payments to all IBAN countries. When sending to non-IBAN countries, account number must be used.
Account Number Yes Yes Varies per destination country When sending to non-IBAN countries, account number must be used. IBAN must be used when sending to all IBAN countries.
CLABE Yes Yes 18 digits CLABE must be used instead of account number or IBAN when sending payments in any currency to Mexico. CLABE is the banking standard for the numbering of bank accounts in Mexico (equivalent to the Account Number in other jurisdictions).
BIC SWIFT Yes Yes Valid ISO 9362 SWIFT BIC code; 8 or 11 alphanumeric characters BIC SWIFT must be used when sending payments to any country except the USA. When sending to the USA, ABA must be used.
ABA Yes Yes 9 digits American banks are identified by a 9 digit ABA number, also known as ‘Routing Number’. The ABA should be valid for FedWIRE payments. Some ABA values are only valid for FedACH payments. Payments to FedACH-only ABAs will fail. The ABA is required for all payments to the USA.
Payment Currency Yes Yes 3 letter ISO currency code
Payment Amount Yes Yes Numeric amount
Payment Reference Yes Yes 1-255 characters*
Payment Reason Yes Yes 1-255 characters*
Payer Entity type Yes Yes ‘individual’ or ‘company’ only
Payer First Name Yes No 1-255 characters*
Payer Last Name Yes No 1-255 characters*
Payer Company Name No Yes 1-255 characters*
Payer Address Yes Yes 1-255 characters*
Payer City Yes Yes 1-255 characters*
Payer Postcode Yes Yes 1-12 characters* Only required when sending payments to Canada, Mexico and the USA.
Payer State or Province Yes Yes 1-255 characters* Only required when sending payments to Canada, Mexico and the USA.
Payer Country Yes Yes 2 letter ISO country code
Payer Date of Birth Yes No ISO 8601 format (YYYY-MM-DD).
Payer Identification Type No Yes ‘incorporation_number’ only
Payer Identification Value No Yes 1-255 characters*
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Governing Bodies and Registrations

Excel Currencies are a fully Authorised Payment Institution with the UK Financial Conduct Authority. ( Ref: 911228) and HM Revenue & Customs (MSB No: 12190705) as a Money Services Business. Excel Currencies ltd are also members of the UK Money Transfers Association (MTA) and the Association of International Property Professionals (AIPP).

Security of Funds

Excel Currencies ltd operate a Safeguarding Client Account System which protects all funds in these accounts against any liabilities that Excel Currencies ltd may have.

Excel Currencies Ltd, Enterprise House, 8 Essex Road, Dartford, Kent DA1 2AU

Registered in England and Wales, No. 05171054

Copyright © Excel Currencies Ltd 2022. All Rights Reserved.

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