Visa, Cash & MobilePay
We are often asked if opening a bank account to study and live in Denmark is necessary. In most cases, the answer is no. Most shops accept Visa cards, Master cards, and cash. Bank automats are (still) available in all towns, and cash is therefore always reachable.
In which cases do you need to open a Danish account?
Part-time job: If you have found a part-time job and your employer only pays your salary to a Danish bank account, you must open a bank account. Some employers can transfer to your Nemkonto (your bank account registration to the Danish authorities - click here for more info), and in that case a Danish account is not required.
MobilePay: The Danish version of “Apple Pay”, Swipe etc. is called MobilePay. It is a popular way to transfer money among friends, to use as payment in smaller shops, in the school canteen, and on more and more webshops. It is free but requires a Danish account + a Danish mobile no ( min. a prepaid sim card with internet access).
How to open a Danish bank account as a foreigner:
Minors: As a minor, you need a Dane to recommend you and sign for your credibility in his/ her bank. It can be a friend or relative with a solid relationship with his/ her bank who offers to confirm your identity. It will take responsibility on your behalf that you will not make any illegal transfers or in any other way misuse the trust of opening a bank account in his name.
Do you need adult support to open a bank account? In GKX, we can make the documents for you on behalf of you and your parents. Feel free to contact us for more info.
Guidance for adult students
Choose a bank: Research different banks in Denmark to find one that suits your needs. Look for banks that offer services in English and have branches or online banking options accessible to non-residents.
We recommend you pay attention to the following:
-
Most banks offer particular youth accounts with no or limited fees for opening a bank account with a debit card.
-
General fees for the debit card, online banking, transfers
-
Interest etc.
Gather required documents: Prepare the necessary documents, which typically include:
-
Valid passport or national ID card
-
Proof of address (such as a rental agreement or utility bill)
-
Proof of income (such as employment contract or bank statements)
-
Danish CPR number and MitID app
-
Visit the bank: Once you have chosen a bank, visit one of their branches or contact them online to inquire about the account opening process. Some banks may allow you to start the process online or via email.
Provide documentation: Present the required documents to the bank. If any documents are not in Danish or English, you may need to have them translated by an authorized translator.
Complete application forms: Fill out the necessary application forms provided by the bank. These forms typically include personal information, such as your name, address, and contact details.
Verify your identity: The bank may require an identity verification process. Depending on the bank's policies, this can be done in person at a branch or via video call.
Deposit funds: Some banks may require an initial deposit to open the account. Check with your chosen bank regarding their specific requirements.
Wait for approval: Once you have submitted all the necessary documents and completed the application process, the bank will review your application. They may take time to verify the information provided and conduct a background check.
Receive account details: If your application is approved, the bank will provide your account details, including your account number and any associated cards or login information.
Start using your account: You can now start using your Danish bank account for various financial transactions, such as deposits, withdrawals, transfers, and payments.
Remember that the specific requirements and procedures may vary slightly between different banks. It's advisable to contact the bank of your choice directly to get accurate and up-to-date information on their account opening process for foreigners.