NorwayOverview
Folio, at a glance.
Folio is a business account app, accounts held at sparebanken norge headquartered in Norway. Business accounts cost from NOK 89 a month. Opening an account takes 3–5 days.
Folio is not a bank and holds no licence of its own. Accounts are opened at Sparebanken Norge in the company's own name and are covered by the Norwegian deposit guarantee scheme.
Why businesses pick Folio
- A 30-day free trial and no opening fee
- Expenses are booked as they happen, with links to Fiken and Tripletex
- 1,000 free domestic payments a year
- Visa Business card with Apple Pay, Google Pay and Vipps
- Folio can form an AS for you and open the share-capital account
- Trustpilot score of 4.7 from 182 reviews
Watch out for
- Only for companies with a Norwegian organisation number
- The signatory needs a Norwegian BankID
- NOK only: no currency accounts
- Foreign payments cost NOK 35 (EUR or SEK) or NOK 75, and go to 34 European countries only
- Receiving a foreign payment costs NOK 20 to NOK 100
Business fit
Will Folio accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on Folio's published rules
Likely no
Folio does not list United Kingdom among the countries where it accepts companies.
Folio does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What Folio publishes about the businesses it takes on.
Who Folio serves
- Startups and SMEs
- Freelancers
- Holding companies
- Professional services
Not supported
Industries and countries Folio does not accept, from its own published lists.
Industries
- Not published
Countries
- Not published
Coverage
Where can you use Folio?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
NOK account
Payments out in EUR, SEK and other currencies to 34 European countries.
Payment reach
Not published
Who can apply
Company incorporation countries1 countries · show list
- Norway
Owner nationality
Not publishedOwner residency
Not publishedCompany types
Private limited companies (AS), Sole traders (ENK), Holding companies, AS being formed (share-capital account)
Pricing
What does Folio cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
Free
Monthly fee
NOK 89–359
depends on plan
Mini
Lowest costNOK 89 per month
NOK 0 setup · NOK 1,068 in year one
Standard
NOK 159 per month
NOK 0 setup · NOK 1,908 in year one
Avansert
NOK 359 per month
NOK 0 setup · NOK 4,308 in year one
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Incoming | ||
| SEPA | NOK 20 | Fixed fee · EUR or SEK from the EU/EEA |
| SWIFT / international | NOK 50–100 | Fixed fee; varies by plan · NOK 50 under NOK 2,000, NOK 100 from NOK 2,000 |
| Outgoing | ||
| SEPA | NOK 35 | Fixed fee · Foreign payments in EUR or SEK |
| SWIFT / international | NOK 75 | Fixed fee · Foreign payments in other currencies |
| To another Folio account | Free | No charge · Domestic payments: 1,000 free a year, then NOK 2 each |
Ranges span the plans; higher plans pay the lower end.
Other fees
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Physical card issue | Free | No charge · First card; NOK 89 a month for each colleague card used, on Standard and Avansert |
| Card FX | 2% | Percentage of the amount |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Apply
Start the application online or through the sales team.
- 2
Company and people
Give the company's registration details, directors and owners.
- 3
Checks
Upload the documents requested and complete identity verification.
- 4
Account live
Once approved, the account is opened and you receive its details.
Documents you need
Not published
FAQ
Your questions, answered.
Is Folio a bank?
No. Folio AS holds no licence of its own. Accounts are opened at Sparebanken Norge in the company's own name and are covered by the Norwegian deposit guarantee scheme.
How much does Folio cost?
Mini costs NOK 89 a month (sole traders and holding companies only), Standard NOK 159 and Avansert NOK 359, all excluding VAT, with a 30-day free trial. Foreign payments cost NOK 35 in EUR or SEK and NOK 75 in other currencies.
Who can open a Folio account?
Companies with a Norwegian organisation number, such as an AS, an ENK or a holding company. The person signing needs a Norwegian BankID.
Can Folio pay suppliers abroad?
Yes, to 34 European countries, from a NOK account. Folio has no currency accounts.
Alternatives
How Folio compares.
If Folio is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 FolioThis pageBusiness account app, accounts held at Sparebanken Norge | Not published | NorwaySmall business |
 Lunar BusinessBank |  | Deposit protectionVisa cards |
 Revolut BusinessBank |   | Cards and spend controlsStartups and SMEs |
 Wise BusinessE-money institution |  | Low FX costsStandard businesses |
 FinomE-money institution |  | Freelancers and small companiesInvoicing |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.