Banks in Denmark


Below is a list of banks in Denmark that you can bank with as an expat. When choosing a bank, you want to take into consideration your personal needs. If you are an expat and know very little Danish and unfamiliar with Denmark, you will want to probably bank with one of the larger banks.

If you are planning on living and working in a smaller community, than one of the local banks might serve your needs better. It is always best to shop around and talk to several banks and account managers before deciding on where to bank.

The top banks in Denmark are listed below in order of their working capital and annual loan amounts. Most expats choose one of the top 4 banks since their websites can be read in English, they have internet banking in English and have lots of branches to make it convenient using an ATM without fees.

As of 2014, many banks are closing many of their satellite offices, so you are best to check that there is a physical bank in your immediate area if you wish to do a lot of your banking face to face. Banks are mostly relying on internet banking or online banking to service their customer base.  


Additional Banking Tips

Remember if you are not satisfied with your bank in Denmark, you can always switch banks. There are plenty of banks in Denmark and many are clamouring for your account.

It is quite easy and quick. Many times it can be done over the internet within a few minutes.

If you come from America or Britain,you will be surprised to find out that there are no checks / cheques written in Denmark, so you won't be ordering check books.

Everything is moving to electronic banking. You will need to get a bank card for cash, a Dankort and an internet bank account set up. Also learn how to use Giros and Betalings Service for paying bills. It can be done online.

Update: During 2010 and 2011 all banks converted to NEM ID form of banking. This is a more secure form of internet banking, where your code changes each time you access your bank account. Yikes you say!

Well it is actually okay once you get used to the system. You will have your normal sign in code and password. After you put those in you will get a 4 digit code displayed. From that code you find the corresponding 6 digit code that was sent to you. You get a list of 172 codes and each code is only used once. When you have used all the codes up, you get another code card.

Of course you have to keep your code card safe, but now a thief has to figure out your 2 passwords and also get hold of your code card in order to access your account. The only problem is you have to keep your code card safe, but also accessible!

You can go to any bank for a loan. Even if you are not a customer of that bank. So always check around for the best rates when buying cars, home, boats or need a personal or business loan.

Learn more about banking with banks in Denmark and what you need to do to open a bank account for yourself.



SBI!