Updated 10 months ago

The Danish banking system is safe, efficient, and modern. Having a bank account will be necessary if you plan to work in Denmark, and all expats who have received a residence permit are eligible to open a bank account.

Banking system

In general, Danish banks are open Monday to Friday from 10 a.m. to 4 p.m. Most banks are open for an extra hour on Thursdays. Danske Bank, Nykredit and Nordea are some of the larger banks in the country.

Danish banks offer a wide range of services at different rates. Feel free to compare rates and services on the Mybanker website. Banks are available almost everywhere, even in remote areas. Most of them have English-speaking staff to help foreign nationals.

Most banks also provide internet and phone-banking services. English services are not always available, so be sure to ask about this when you are choosing a bank.

How to open an account

To open an account in Denmark you need a CPR number (see the article on healthcare) and your passport or national ID. It is also a good idea to bring your employment contract or proof of student status along with proof of address. The bank advisor can help you choose what type of account is best for you.

NemKonto – Easy Account

Once you have an account, you need to link it to NemKonto. NemKonto is used for receiving payments such as child support and tax rebates from the public sector and is linked to both your bank account and your CPR number.

NemID – Easy ID

To sign up for a NemKonto, you will need a NemID. NemID—a system for making digital signatures and secure logins—is used for just about everything that happens online in the public system. Anyone 15 or older with proper identification and a CPR number can get a NemID.

You can request a NemID online, at your nearest Borgerservice, or potentially from your bank when you sign up for an account.

Credit cards and Dankort

Credit cards such as Visa and MasterCard are accepted by most shops in Denmark, but some may charge fees for the use of foreign credit cards. Finding a place to withdraw cash with a credit card is easy, as most banks have ATMs. Just make sure your card has a PIN.

When you sign up for a bank account, you can request a Visa/Dankort. This is a card with a chip that can be used locally as a debit card and internationally as a credit card.

 Useful links:

Arbejdernes Landsbank
Danske Bank
Jyske Bank
Nykredit

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