Nearer to home, Norway is also making waves in the financial industry. Unlike the other two countries, they have one national bank; but this bank is worth viewing. Norway has a strong and stable economy and with its soaring oil and gas prices it will only increase the Norwegian economy. The future of SpareBank1 SR-Bank looks very bright and promising.
SpareBank 1 SR-Bank has been recognized by many as one of the safest banks in not only Norway, but the world. This is because it has continuously worked to maintain a solid reputation through their conservative lending practices and prudent management. Sparebanken 1 SR-Bank has avoided the pitfalls that plagued other European banks after the financial crisis of 2008.
Debit Card Facilities
Do you avoid going to the ATM because of a fear of getting mugged? Do you find yourself looking for an ATM with a security guard? If so, then it’s time to reconsider. In Norway, banks have been using “spare” bank cards from SpareBank 1 SR-Bank as a type of security card for their customers. The card has no value and is only used as a way for customers to identify themselves at the ATM.
SpareBank 1 SR-Bank is Norway’s largest savings bank and the second largest in Scandinavia. The majority of their customers are private individuals, with business customers making up less than 10% of their customer base. They offer banking services that range from checking and savings accounts to mortgages, loans, insurance and credit cards. They also offer a variety of smart services such as internet banking and ATMs.
SpareBank 1 SR-Bank is Norway’s largest commercial bank with over 2 million customers. They employ plenty of workers, or employees, to help them do their work. One of these employees is a salary sorter. This person sorts all the salaries that are paid by the bank to make sure they are paid out to the right people. He or she does this by assigning each employee a number and entering their salary into a computer database system.
SpareBank 1 SR-Bank cash withdrawals are being made easier for our customers starting today. This change is in response to customer feedback, and it includes the following benefits:
We will continue to offer free cash withdrawals at any branch, but now you can also withdraw up to 10,000 NOK per day from any of our ATMs without a charge.
Tracking Your Spending
SpareBank 1 SR-Bank offers online banking with features tailored to the needs of the modern, on-the-go consumer. Online banking users can view their account balances, pay bills, transfer money, and purchase goods directly from their computer or smartphone. That’s just some of the ways that this company is “keeping track of your spending”–their tagline for this innovative service.
Cash Withdrawal Fees
The SpareBank 1 SR-Bank Cash Withdrawal Fees are consistent with the Norwegian Law on Banking Services that states that bank customers are not to be charged for withdrawals from their own account. These fees are discouraging for customers to withdraw cash from their account, which is what the bank wants. The fee is just one of many tools used by banks to combat money laundering.
Card Replacement Fees
With SpareBank 1’s new card replacement fee of $2.00, it has become the most expensive bank to replace a card in the US. With this increase, people are starting to realize that they need to be more diligent about how their cards are being used. They are realizing that they should use their cards when they can, but make sure to take them out if they are leaving the store.