Security deposit account

Q: How long does it take from the account being closed until I have the money in the account?

If the landlord does not have a claim on the deposit, the money will be paid to the tenant as soon as the landlord has requested release.

Q: The landlord and tenant disagree on the allocation of the security deposit. What now?

For landlords: An online form must be submitted from the online bank with the following information: Security deposit account number Date tenancy ended Outstanding amount, outstanding overdue rent and periods it applies to Landlord’s account number to receive payment of rent Account number for disbursement of claims to landlord For tenant: An online form must be submitted from the online bank with the following information: Security deposit account number Date tenancy ended Distribution of the deposit amount Account number for any disbursement of the deposit amount to the tenant The bank will send written notice to the other party with a deadline.

Q: You disagree and wish to take legal action. Where should the case be reported to?

From September 2021, the Norwegian Rent Disputes Tribunal will settle conflicts about renting a home across Norway. You can find more detailed information at htu.no

Setting up a security deposit account is common for a rental property. The deposit can cover unpaid rent or damage to the home.

Security for landlord of home
Security for residential tenants

How to open a Security deposit account

Useful information

What you should know:

Tenants must be over 18 years old and registered as customers in DNB
The tenant owns the account
The account is blocked so neither the landlord nor the tenant can withdraw money alone
The amount cannot be greater than six months’ rent
The landlord pays the cost of opening the account
The landlord can demand that the amount due be deducted from the deposit if there is a written tenancy agreement that the tenant shall pay the rent into the landlord’s account at DNB
Is everything OK? Start the preparations for opening an account.

Not a DNB customer? Become a customer

Preparation

Open an account

Open in online bank

Price 500 NOK

If the account is not opened in the online bank, a different price will apply. See price list.

Open security deposit account for businesses

Close a security deposit account

When the lease is over, you can report the closure of the security deposit account in the online bank.