Payment rail · Norway
Payment rail · NorwayWhat is NICS?
NICS — the Norwegian Interbank Clearing System — is the clearing system for the Norwegian krone, used by all banks operating in Norway, managed by Bits under Norges Bank’s authorisation and settled in Norges Bank’s settlement system. Poplin pays out to Norway over NICS, settling the same business day at the latest.
Source: Bits (opens in a new tab)
Updated · Reviewed by Joyce Chin, Chief Operating Officer & Compliance Officer
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A payout to Norway clears fastest over
NICS
settles the same business day · 0.75% + $1.00 on a business account
Also reaches EUR accounts over
Also reaches USD accounts over
Set from your location — change it above.The recipient’s account details decide the rail — the fee is always shown before you send.
// at a glance
What the rail sets for a payout over NICS — and what Poplin charges to send.
Settlement
Same day
a ceiling, not the typical time
Reaches
1
country — Norway
Paid out in
NOK
Norwegian krone
Business fee
0.75%
plus a $1.00 fixed fee
Clearing
Local
domestic clearing
Days are business days — a Saturday delays a same-day or next-day payout. These are ceilings, not typical times: within the window, how fast the money lands depends on the receiving bank.
// how it moves
How NICS payouts move.
From your US-dollar balance to an account in Norway — four steps.
You send from USD
Enter an amount in your Poplin US-dollar account and confirm the payout — the full fee shows before you send.
Converted at mid-market
Dollars become Norwegian kroner at the mid-market rate — no markup added.
Cleared over NICS
Poplin clears the payout over NICS, Norway’s interbank clearing system.
Arrives inside the window
NICS settles the same business day — a ceiling, not the typical time; how fast it lands depends on the receiving bank.
// coverage
Where NICS reaches.
Sending somewhere else?
Each destination clears over its own set of rails. See the rail, speed, and fee for any destination — or the fee for every rail on one page.
NICS — FAQ
Basics
What is NICS?
NICS — the Norwegian Interbank Clearing System — is the clearing system for the Norwegian krone, used by all banks operating in Norway, managed by Bits under Norges Bank’s authorisation and settled in Norges Bank’s settlement system. Poplin pays out to Norway over NICS, settling the same business day at the latest.
Speed
How long do NICS payouts take?
Over NICS, Poplin payouts settle the same business day. Payments leave your account in seconds; NICS then clears the payout to the recipient’s bank.
Cost
How much does it cost to send money over NICS with Poplin?
A percentage of the amount plus a $1.00 fixed fee — 0.75% on a business account and 1% on a personal account, shown in full before you send. Conversion, where the payout currency isn’t US dollars, is at the mid-market rate with no markup.
Coverage
Which countries does Poplin reach over NICS?
NICS is how Poplin pays out to Norway, in NOK. Poplin also reaches Norway over SEPA (EUR) and SWIFT (USD) — which one a payout uses depends on the bank details your recipient has.
Send US dollars to Norway over NICS.
Open a US-dollar account in minutes. No monthly fees.