Wondering if you can open a bank account in Denmark? Find out in this article.
If you are planning to make a long stay in Denmark, you will probably have to open a bank account to perform your regular transactions. Foreign nationals are allowed to open a bank account provided they are in possession of a resident card. In all cases, the Danish banking system is simple and modern. You can also choose from different types of accounts according to your needs.
In general, Danish banks are open from Monday to Friday between 9 am and 5 pm. Some banks even open for extra hours on Thursday. Danske Bank, Nykredit and Nordea are some of the most popular banks in the country.
Most Danish banks offer a wide range of services and facilities at different rates. Feel free to compare rates and services on the Mybanker website (see useful links below). Note that banks are available almost everywhere, even in remote areas. Most of them have English-speaking staff to help foreign nationals in filling relating formalities.
Finally, all Danish banks provide Internet and phone banking services.
First of all, you are advised to inform the bank adviser that you wish to fill in relating formalities in English only. Otherwise, you will receive default Danish documents. You will then have to produce your identity documents such as a valid passport or identity card, your resident permit, proof of address, as well as your CPR number.
Some banks may require you to produce additional documents such as a school certificate for students and an employment contract in the case of employees. Make sure to inquire beforehand with the chosen bank.
Types of accounts
In general, you can choose between two types of accounts, namely a current account and a savings account. Most Danes prefer the Nemkonto which allows all types of payments and entitles its holders to receive tax, insurance and other social refunds.
Credit cards such as the Visa and MasterCard are accepted by most shops in Denmark. The American Express, for its part, is less popular. Note that ATMs are available at all banks.
You can also settle your bills at bank counters or at the post office. However, fees of DKK 20 apply to each transaction.
You may also request for a checkbook if you wish. However, these are less popular in the country since some time.