SpareBank 1 alliance review

The alliance charges a conversion fee of 2% on the cards it lists, which sits above the site median of 1%. That makes it a poor pick for anyone who spends heavily outside Norway and wants the card to handle the currency change.

Free ATM withdrawals amount to NOK 0, so there is no included allowance in the listed pricing. Anyone who relies on cash machines pays per withdrawal, and the brand ranks at 38 in this comparison of free withdrawals.

It is a debit card (debit) on the Visa network (visa), so it draws on the money in your bank account rather than a prepaid balance. Debit is also the most common card type in this category, at 73.4%.

The alliance names kids and students as its audiences (kids and student), so the card is pitched at younger customers and accounts in Norway. The card type is debit (debit), which suits everyday spending from a current account rather than short term travel money.

The group behind the alliance is SpareBank 1 Gruppen AS, a Norwegian banking group based in no and founded in 1996. Cards come from member banks, so this is a standard bank product from a long established group rather than a crypto platform.

Wise converts at 0.1% and Monzo Flex at 0%, both below the 2% charged by the SpareBank 1 alliance. Bitpanda also lists 0%, so travellers who change currency often are better served elsewhere.

No. It is an ordinary bank debit card (debit) on Visa (visa), offered by a Norwegian banking group (no) whose published price list sets the costs. The card is built for day to day spending from a current account.

The cost score of 3.2 matches its overall score of 3.2. The weak mark comes from the conversion fee of 2% and the free ATM allowance of NOK 0, against a site median conversion fee of 1% and a site median free ATM allowance of €0.