Opening a bank account is one of the most important things to do when you move to a different country. First, because you don't want to pay high international fees, and second because there are some places that don't take international credit cards, as it is the case of you neighborhood discount store.
Opening a bank account requires following certain steps such as:
1. Have a legal residence permit
2. Bring your passport for them to make copies
3. Provide your CPR number
4. In some cases you will be asked to provide a tenancy agreement as proof of your address
In Denmark as in many other countries is not a good idea to carry with you large amounts of money, so opening a bank account gives you a lot of benefits.
In Copenhagen, there are several bank institutions where you can open your account. Some of these are: Nordea, Danske Bank, Nykredit among others. All of these banks follow the same steps mentioned above to open an account.
When opening your account make sure to mention that you would like to have paperless or e-banking service, so you don't get charge every month for a monthly statement they send to you, because you can check your account balance online. In addition, you can also pay your bills directly via e-banking. It is worth to mention, that you will save time and money by handling your own transactions any time of the day, and finally you will help reduce paper consumption. So don't be afraid to ask, unless you don't mind paying fees every month.
Bank Hours:
Bank opening hours are usually from 9:00 to 16:00 from Monday to Friday, with a 'late' opening until 18:00 on Thursday nights. Banks do not open on Saturdays. At Copenhagen’s Central Station banking hours are from 7:00 to 21:00 - 7 days/week.
ATMs:
ATM machines are provided outside every bank in Copenhagen and in major supermarkets. Mostly all ATMS accept international credit cards.
You can use your bank's ATM for free, but if you withdraw money from another bank's machine you will be charged a fee.
Nete Schmidt
It is important to learn and understand a culture, you can start it by learning some Danish, and not only for the benefits it brings, but for the great insight you get when you start experiencing a language interchange. Don't wait the time is now!!
Knowledge is Power!!
Administrative Divisions
Five regions:
1. Northern Jutland
2. Middle Jutland
3. Southern Jutland
4. Zealand
5. Copenhagen
The regions are divided into 98 municipalities. The Faroe Islands and Greenland are part of Denmark but have separate self-government and administrative divisions.
Great Post!
ReplyDeleteWhere did you open your account? or more specifically which bank did you choose and why?
Thanks
Thanks G! I opened my bank account on Nordea. I chose it because based on my research Nordea it's a well positioned bank, offered services I needed such as e-banking, they have branches abroad, and if you withdraw money from any Nordea ATM outside Denmark you will not be charged any fee or at least same fee as if you were in Denmark.
ReplyDeleteWhat do you know about Danske Bank? Is it good? How much I pay everytime I withdraw money from Danske bansk ATM and from other Banks ATM? Thank you very much, your help is precious! :)
ReplyDeleteThank you Lucia for your post. As far as I know, you don't have to pay any fee when you withdraw money from a Danish bank ATM inside the country. However, if you are outside Denmark, you will be charged 30Kr fee which is not too high comparing with other banks. Be aware that fees change periodically, so make sure to check with your bank if you are planning to travel abroad.
ReplyDeleteMoving to CPH soon.
ReplyDeleteGreat blog.
Do you know which bank is good when it comes to the charges/fee to wire money in and out? Of course the lowest charges preferred?
Hello KC,
ReplyDeleteThank you for your comment. I will say, when it comes to charges and fees Danske bank is the best. Basically, you can see balance, pay bills, and transfer funds with no charge or with a low fee.
Good Luck!
Hello,I want to ask is it possible,to make a bank account number only with Tax card(CPR) your pasport and your adress,becauce today I went to Danske Bank and I was told that I need a yellow card and I will receive this yellow card in three months and is it possible to make the account without the card.
ReplyDelete