Denmark Guide: Money

Our money guide provides information on bank accounts, money exchange, credit and debit cards and money transfers. If you need to open a bank account, we will explain how to do it - step by step.

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  Introduction

  Danish currency & cost of living

  Denmark's currency is called the Danish Krone (DKK). Despite being a member of the European Union, the Danish government ratified the Maastricht Treaty in 1993 on the condition that they keep their own currency, thus being exempt from using the Euro.

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  Banking

  Danish banks and bank accounts

  The banking system in Denmark is extremely efficient. Expatriates can open a Danish bank account as long as they have a residence permit. Denmark is considered one of the safest countries in the world for banking and fees tend to be fairly low.

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  Accessing your money

  Credit cards, cash and travellers’ cheques

  Make sure you have organised a number of different ways to access your money before you arrive in Denmark. This can be in the form of credit and debit card, cash or travellers’ cheques.

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  Money transfers

  Transferring money to and from Denmark

  Transferring money to and from Denmark is not particularly different to transferring money in any other country. There are a range of transfer agencies available for transferring money abroad.

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  Credit

  Bank loans and credit facilities in Denmark

  You do not need to be a Danish citizen in order to obtain a loan or other credit facilities from a Danish bank. Most banks offer a consultation service regarding your finances, although there is likely to be a cost for their advice.

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  NemKonto

  An account for receiving public money

  A NemKonto (EasyAccount) is a bank account through which you receive any public payments; state benefits, refunded tax, public salary etc. The law requires everyone in Denmark to assign one bank account as their NemKonto. It is easy to assign one and even foreign accounts are accepted.

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