If you’re relocating to Denmark for work, study, or a long-term stay, one of your first practical steps will be to open a local bank account. It’s essential for receiving your salary, paying rent, managing daily expenses, and using Denmark’s cashless digital payment system.

While the process is generally straightforward, Denmark’s banking system has a few unique requirements that are important to understand before you start.

Currency in Denmark

Denmark’s official currency is the Danish Krone (DKK), symbolized as “kr.”

Although Denmark is a member of the EU, it has not adopted the Euro. Most transactions, from groceries to rent, are done in Kroner. Having a local account allows you to manage your finances in DKK, avoid conversion fees, and use popular local payment tools like MobilePay.

Denmark’s banking sector is highly digital. Almost all payments are electronic, and cash is rarely used. A local account is also needed to get a NemKonto, a government-linked account for receiving public payments such as tax refunds, benefits, or student allowances.

Best Banks in Denmark for Newcomers

Denmark’s banking system is efficient, secure, and largely digitized. Here are some of the best options for expats, students, and newcomers in 2026:

Danske Bank

Denmark’s largest and most well-known bank with an extensive branch and ATM network.

• Perk for newcomers: English-speaking customer service and clear guidance for expats.

• Why choose it? Ideal for professionals or families looking for full-service banking and easy access to international transfers.

Nordea

A leading Nordic bank with strong digital services and multi-currency options.

• Perk for newcomers: Simple account opening for EU and non-EU residents, plus English-language apps.

• Why choose it? Great for expats who might work across multiple Nordic countries or want seamless online banking.

Jyske Bank

Known for its personal service and local community focus.

• Perk for newcomers: Helpful staff and flexible approach for newcomers who are still settling paperwork.

• Why choose it? A solid choice for long-term residents or anyone looking for face-to-face banking.

Nykredit Bank

A smaller but modern Danish bank that combines traditional banking with efficient online tools.

• Perk for newcomers: Straightforward setup and good English documentation.

• Why choose it? Perfect if you prefer clear, simple banking without unnecessary extras.

Lunar (Digital Bank)

A fast-growing digital-only bank based in Denmark.

• Perk for newcomers: Quick online registration, low fees, and a great mobile app experience.

• Why choose it? Ideal for students, freelancers, and digital nomads who want instant access and easy budgeting tools.

Documentation Needed

To open a bank account in Denmark, you’ll need to provide a few essential documents. Requirements differ slightly depending on your residence status and the bank, but generally include:

1. Valid Passport or National ID – Proof of identity.

2. CPR Number (Civil Personal Registration Number) – This is crucial for most banking and public services in Denmark.

3. Proof of Address in Denmark – A rental contract, utility bill, or your official residence registration (folkeregisteradresse).

4. Employment Contract or Student Enrollment Letter – Used to confirm your source of income or study status.

5. Residence Permit (for non-EU citizens) – Verifies your legal stay in the country.

 Without a CPR number, most Danish banks will not open a full account. However, some digital banks like Lunar may allow limited functionality until you receive your CPR.

Tips for Opening a Bank Account in Denmark as a Foreigner

• Get your CPR number first: You can apply for it at your local Borgerservice office after registering your Danish address.

• Set up a NemKonto: Once your account is active, designate it as your NemKonto to receive payments from the Danish government (tax refunds, healthcare reimbursements, etc.).

• Bring physical documents: Banks often require printed copies of your ID, CPR registration, and residence proof.

• Expect digital-first service: Most Danish banks offer top-tier online banking, so you’ll rarely need to visit a branch after setup.

• Enable MobilePay: This mobile payment app is used everywhere in Denmark, from cafés to rent payments. It links directly to your local account.

• Compare account fees: Many banks charge a small monthly maintenance fee (typically 20–40 DKK). Student accounts are often free.

• Bank hours: Branches are usually open Monday–Friday, 9 AM to 4 PM. Many services are handled online outside these hours.

Final Thoughts

Opening a bank account in Denmark is a key step in establishing your life in one of Europe’s most digital-friendly countries. Once you’ve obtained your CPR number and selected a bank, the process is efficient and straightforward.

Traditional banks like Danske Bank, Nordea, and Jyske Bank provide strong local and international support, while digital options like Lunar offer speed and flexibility.

With your documents ready and a little preparation, you’ll be fully integrated into Denmark’s cashless society, making smooth payments, receiving salaries, and managing your finances like a local.