§ 4-36. The new bank must ask the old bank to start the account switching
Machine-translated from Norwegian. The Norwegian text is the one that applies. Read the original in Norwegian.Norsk English العربية Polski Українська
The text of the law (unofficial translation)
§ 4-36. Request to the transferring payment service provider
The receiving payment service provider (betalingstjenesteyter) shall request the transferring payment service provider to carry out tasks under § 4-37, provided that this follows from the consumer's (forbrukerens) authorisation. The request shall be sent no later than two business days (virkedager) after the receiving payment service provider received the authorisation from the consumer.
What does this mean?
When you switch banks, the new bank (receiving payment service provider) must ask the old bank to carry out the tasks set out in § 4-37, but only if your authorisation says that they are to be carried out. The request must go out quickly: the new bank has two business days from when the authorisation came in. This section is one step in the account switching (kontobytte) scheme and comes after the authorisation in § 4-35. The old bank's tasks are gathered in § 4-37, and the new bank's own tasks are in § 4-38.