Bank Account in Denmark

It is a Central European country, member of the European Union. At the legislative level, the Danish financial institutions should correspond to the generally accepted service standards in the European Union. In such a situation, the procedure for registering a bank account almost does not differ from the requirements of credit and financial organizations located in other European countries.

Experienced specialists from consulting company Regulated United Europe will provide professional assistance with opening an account in any bank of Denmark. The Company professionals shall provide detailed information about every bank in the country and assist in choosing the type of account to be opened.

Open a Bank Account in Denmark

The banking system of this Central European state is based on developing the provision of services to residents. Via a registered personal bank account, Danish citizens can make purchases, pay for utilities, and much more.

It is worth noting that recently the local government has imposed limits on the use of cash by setting a limit on paying for purchases and services in excess of 3,000 Euros. That means—for example—you are allowed to buy a car in Denmark only by paying from a bank account.

To open a corporate account in Denmark, a non-resident will have to provide a really long list of documents. The basic criterion of eligibility to get a bank account by the Danish companies with foreign capital or offshore companies is a unique business idea. In other words, a foreign company should bring profit to the state and fill the local treasury in Denmark.

Bank Account Obtaining Procedure in Denmark

In order to open any bank account in the Danish Kingdom, a preparation and providing of documents confirming the financial stability, an extract from the previous bank is needed. It is also required to confirm the credit status (credit line).

To open a personal account, you will need the following documents:

• passport, seaman’s passport and other identity documents;
• residence permit;
• income statement;
• identification code;
• certificate from the place of work;
• notarial confirmation of the ownership of Danish and foreign real estate;
• driver’s license;
• statement of cooperation with other banks (loans, deposits).

It is worth noting that some of the local credit and financial organizations can require additional documents. The number and their set depend on the timing, the amount of deposits, as well as on the purpose of opening a bank account in Denmark.

The opening of corporate accounts requires the presence of personal documents of the founders of the company’s charter, as well as a license giving the right to operate in Denmark.

Opening a bank account by non-residents is accompanied by a preliminary payment of 2-3 thousand rubles. Euros, which will be credited to his personal account after registration, is proof of the ability to pay.

The benefits of having a bank account in Denmark include the following:

• Denmark is considered a state which has practically eradicated corruption. This undermines the stability of the economy and GDP growth during crises.
• Prices for banking services are low.
• Developed infrastructure of banking.
• A transparent tax, legal and judicial system provides the most efficient business conduct.
• Some of the financial organizations can serve clients in Russian.
• Almost every bank in Denmark provides Internet banking services.

The Most Popular Banks in Denmark

Nordea Bank Danmark is the largest Danish credit and financial institution. Almost every third resident of the country has a bank account registered here. To make an invoice, you must make an initial payment of 100 Euros.

JYSKE BANK – the second largest bank in the country. Provides services for registration of individuals and legal entities. It has an increased level of confidentiality and data storage security.

One of the most popular Danish banks among foreigners is Saxo Bank. A high level of security and preservation of personal data. Initial payment – 10 thousand Euro. A bank mainly deals with private clients. Service cost: 150 Euros/year.

Selection Criteria for Banks

The criteria for choosing a bank include, but are not limited to, the following items:

• Political and economic stability of the country where the head office of the bank is situated;
• Reliability and prestige of the bank, high position in the rating of international rating agencies;
• The insurance compensation on the bank accounts and deposits in the bank in respect to which the insured event occurred is paid with the depositor in the amount of 100% of the amount of deposits in the bank, but not more than 750,000 kronor;
• The degree to which control is exercised by the state or crown over banking activities;
• The variety of banking services provided to customers;
• The consistency of the bank profile with the details of the transactions of the account being offered;
• The minimum deposit;
• Maintenance fee;
• ContentView of remote clients;
• Territorial location of head office and branches;

Account Opening

Generally speaking, it is sufficient for the procedure of opening a bank account abroad to present the following documents and information to the bank: the documents confirming the identity of the account managers-owners, directors, other persons acting by a proxy (passport, passport, document confirming permanent residence)-are required in original.

Originals of the corporate documents of the company: Articles of Association; Memorandum; Certificate of registration; Appointment of the director – all these documents must be notarized and apostilled; A certificate of an issue of shares. In case the account is disposed by a third party, the latter must have a power of attorney notarized and apostilled, as well as a resolution on its issuance.

Recommendations from the client’s business partners, from other banks in which the client has opened accounts, business cards, names of counterparties, etc. may be also requested depending on the bank in which the account is opened. Sometimes, prior to the beginning of the account opening procedure, a personal meeting with a representative of the foreign bank is necessary.

Opening a business bank account in Denmark? We at Regulated United Europe would be more than happy to help you through the process. Over the past eight years, we have assisted our clients in setting up bank accounts across Europe. By leveraging a strong network of trusted partners in the European financial services industry, we provide the most effective and cost-effective solutions that boost the efficiency of the operations of the businesses we assist.

Business bank account in Denmark

Setting up a corporate bank account in Denmark, being one of the economically highly developed countries with an innovative environment, is of great value for the companies conducting their business therein. In fact, Denmark is considered to be a very favorable environment in which entrepreneurs can conduct their business and develop various financial connections; it therefore seems quite an attractive place to open a corporate account. Now, let’s look at some key aspects and benefits of opening a corporate bank account in Denmark.

Advantages of Opening a Corporate Bank Account in Denmark

• Stable Banking System: The Danish banking system is truly trustworthy and stable, thereby guaranteeing the security of your finances and deposits.
• Rich Choice of Financial Services: Banks in Denmark provide corporate customers with a wide spectrum of financial products and services, including loans, deposits, export accounts, and international settlements.
• Innovative Technology: Denmark is well-known for its novelty in using technology in financial field, thus allowing the access to modern and convenient means of settlement.
• High Level of Service: Banks of Denmark correspond to the highest level of customer service, including personal approaches towards each corporate client.

Steps of Opening a Corporate Bank Account in Denmark

Setting up a corporate bank account in Denmark means access to different kinds of financial services and will give you excellent opportunities for handling your money. The selection of the bank should be according to its reputation, terms of service, and financial products offered by it for your business.

Personal bank account in Denmark

Opening a personal bank account in Denmark is quite a serious step for those who live, work, or have certain financial interests in this country. With its high standard of living, stable economic environment, and leading position within financial services, Denmark remains one of the most appealing countries where personal bank accounts are opened. Now let’s look in detail at the essential questions and advantages of opening such a type of account in Denmark.

Advantages of Opening a Personal Bank Account in Denmark

• Stable Banking System: The banking system in Denmark is stable and reliable, which implies that your finance and deposits are safe with it.
• Wide Range of Banking Service Choice: Banks in Denmark offer their customers a wide range of financial products and services. These come in the form of debit and credit cards, savings accounts, deposits, and a mobile banking app.
• Innovative Technology: Denmark is a known country in innovative technology, especially relating to the financial sector. Modern and comfortable financial instruments in Denmark provide wide access to citizens.
• High Level of Service: Banks in Denmark provide a high level of customer service and a personalized approach to each customer.

Step By Step Now To Open a Personal Bank Account in Denmark

By opening a personal bank account in Denmark, one will be provided with broad access to financial services, managing one’s finances comfortably in a stable and innovative economy. Reputation, terms of service, and services offered are some of the criteria that will help make the best choice when selecting a bank that suits one’s needs.