The best banks in Denmark for expats

Have you recently moved to Denmark, the country with beautiful forests, stunning coastline, best education and healthcare system? To enjoy all the impressive facilities of the country and to lead a stable life here, having a bank account is necessary. The banking sector is relatively large in Denmark. As you are new to the country, selecting the best bank in Denmark can become a complicated task for you. Several small institutions and a few international organizations comprise Denmark’s banking industry.

If you don’t know how to speak Danish, the simple way to get access to a bank is to head to your local bank. They will guide you well about their different banking options and help you choose the best one. However, this will take a lot of time. It is nowadays easy to arrange a bank account online. We have selected the best banks in Denmark for you with the use of the following criteria:

✓ English speaking customer service
✓ Free creditcard
✓ Clear Savings account
✓ Flexible contracts
✓ Clear contracts (no hidden costs)
✓ Fair credit rate
✓ Low withdrawal fees

Company	Pro’s /Con’s	Rating
#1 -The best Danish bank   ★★★★★ Rating This mobile bank is a great option of expats as it helps you in managing your bank account anytime anywhere.	This mobile bank is a great option of expats as it helps you in managing your bank account anytime anywhere. ✓ Access to a free bank account without any processing fees ✓ All the transactions are secured with 3D technology ✓ You can keep track of your transactions ✓ The customer support service is available in different languages ✓ The app allows you to easily organize your finances	9.0	Visit n26.dk
#2   ★★★★★ Rating Revolut is a unique, easy-to-use, fast, and of course, reliable banking method.	Revolut is a unique, easy-to-use, fast, and of course, reliable banking method. ✓ International money exchange without any hidden fees ✓ Contactless card payments via Apple Pay and Google Pay ✓ You can keep track of your transactions ✓ View your spending habits with spending analytics ✓ Set your budget and attain your money goal fast ✓ Educate children with finance with Revolut junior account	8.4	Visit Revolut.dk
#3   ★★★★☆ Rating A great bank if you already have a Danish CPR number – Great customer service, however website only in Danish available.	A great bank if you already have a Danish CPR number – Great customer service, however website only in Danish available. ✓ You can gain access to your account immediately after you set it ✓ Delivers excellent customer service ✓ Save money on regular transfers ✓ Clear digital overview of your finances	8.0	Visit Danskebank.dk
#4   ★★★★☆ Rating Relatively low fees and easy to lend – however slower customer service response and the bank process is not streamlined	Relatively low fees and easy to lend – however slower customer service response and the bank process is not streamlined ✓ The bank offers multiple digital banking solutions ✓ You can get mortgage-free loans here ✓ Get an overview of your finances easily and quickly ✓ Trade securities with a standard bank account ✘ Some customers reported a delay in customer service ✘  Users complain that bank processing is not streamlined	7.1	Visit Nykredit.dk
#5   ★★★☆☆ Rating Great customer service, but if you don’t have permanent residency in Denmark for some years it’s not possible to get an account.	Great customer service, but if you don’t have permanent residency in Denmark for some years it’s not possible to get an account. ✓ The bank offers the best customer service to its account holders ✓ Full support in English ✓ Great staff provides professionalized services ✘  Difficult to get loan if you don’t have a permanent residency ✘  Customer’s experience hidden charges	7.0	Visit Arbejdernes Landesbank.dk

Banking options in Denmark

Being a non-Dane, are you thinking that opening a bank account in a Danish bank is tough? You can relax, as finding the best bank for expats in Denmark and opening the best Danish bank account is much easier than what you are thinking. To make it easier for you, we are listing here the different types of accounts that you can open in Denmark.

Different bank accounts that help you receive several benefits are:

• Savings account – After making Danish banks comparison, if you are thinking of opening a savings account, it lets you enjoy several benefits. These include the availability of funds always, keeping your money safe, processing automated bill payments, etc. 
• Easy account / Designated bank account – All the people who work or live in Denmark require an easy account. It is a current account to which payments like tax refunds are done. These are payments done by the state. This account makes transactions easier and faster to make it cost-effective.
• Current account – It is the best choice for most of the users because it allows prompt business transactions. There are no limitations on the withdrawals and deposits in the home branch. It allows businesses to make direct payment using pay orders, demand drafts, and cheques. You also get mobile banking, internet banking, and overdraft facilities in this account.
  

Along with the accounts mentioned above, loan account, credit account and some other type of bank accounts are also available.

For opening an account in the banks in Denmark you require:

• Photo ID – proof like a passport. Some banks can even ask you to get a notarized copy of this.
• CPR number – all Denmark residents have this unique 10 digit identity number.
• Address Proof – rental contract or utility bill is the valid proof that banks accept.
• Employment contract or your proof of being a student in the university is also required.