Close

Banking in Denmark

Recommend

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

Recommend
expat.com Your favourite team
Member since 01 June 2008
Small earth, Mauritius
Write a comment

See also

Denmark offers expats a high quality of life. However, this comes at a cost, and accommodation will be more expensive in Denmark's city centres.
Finding accommodation in Copenhagen can be a difficult task given a higher demand than supply. Rent prices are also some of the highest in Denmark.
Aarhus is Denmark's second largest city with over 250,000 inhabitants. While the city centre has mainly apartments, more options can be found further out.
Located in Funen, Odense has a population of some 180,000 inhabitants. Expats will find affordable accommodation in the city.
Compared to Odense, Aalborg is a medium-sized city in the Jutland region. Accommodation for expats can be competitive due to the large student population.

Expatriate health insurance in Denmark

Free advice and quotation service to choose an expat health insurance in Denmark

Moving to Denmark

Find tips from professionals about moving to Denmark

Travel insurance in Denmark

Enjoy stress-free travel to Denmark

Flights to Denmark

Find the best prices for your flight tickets to Denmark