When the amount exceeds NOK 100 000 (amount in NOK or equivalent in another currency), purpose of payment must be reported. This is made by means of a
payment type code and a short description of the purpose of the payment. In the internet bank you can choose the relevant code in the payment screen.
When sending a payment file you must ensure that it contains the information required for regulatory reporting.
The following transactions are reported to the Currency Register:
- All payments to and from another country
- Use of Norwegian cards abroad and the use of foreign cards in Norway (transactions above 25 000 NOK are reported individually)
- Exchange of bank notes above 5 000 NOK