Opening a bank account in Denmark can be challenging. There are multiple options available. This makes the selection process difficult. Moreover, there are several formalities to be completed. You will need a CPR number, residence permit and much more.
A newcomer finds it a bit daunting. There are different transaction fees. In a nutshell, the process requires some time. Nevertheless, choosing the right bank in Denmark is equally difficult. In order to ease the process, here are some of the best banks that you can find in the country:
This is one of the largest financial services you will find in the Northern side of Europe. You will also find a number of branches across Denmark. There are many surveys conducted amongst potential customers of the banks. These surveys indicate that Nordea remains one of the most popular choices. However, this bank does not offer private online banking in English. This is one of the drawbacks you may want to take into account if you are not a Danish national.
This bank has been established since 1871. It has been hosting different branches around Denmark. One of the best things about this bank is that it provides 24 hour contract services. There are services offered in English as well when it comes to online banking. Moreover, this bank is particularly recommendable for students in Denmark. There are several student packages being offered which makes this a desirable option. Most of the banking services like withdrawing cash and exchanging foreign currency are available for free.
Ikano Bank is one of the most popular banking services in Denmark. The main reason why this bank has become so popular in recent times is the quality of services it tends to provide. It has one of the largest market shares in Denmark. Most of the banking services offered by this bank are free. If you want to set up a bank in this account, there are very few formalities that needs to be complied with.
As the name speaks for itself, this bank is operated mainly in the southern part of Jutland. However, there are a number of other companies as well run all over Denmark. This bank is also popular amongst students for the different offers being provided. The bank normally requires an annual tax statement, three recent payslips and a valid ID. However, when it comes to students, the requirements are normally put at ease.
This is a smaller bank compared to the other options that are mentioned above. It has one of the largest market shares in Denmark. It is operating successfully. Various fees are being charged by the bank. Moreover, this bank also has an English homepage which makes it easier to navigate through. There are some legal formalities that you need to go through when setting up an account with this bank. However, similar to other banks, there are some discounts given to the students.