Money, cards and MobilePay
Denmark pays in Danish kroner, not euros, and most payments are made by card or phone. Currency, cash rules, MobilePay limits and fees, Dankort, ATMs and tipping.
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What interest rate do Danes expect on their savings?
In the monthly expectations survey published on 13 November 2026 with figures for October 2026, the median Dane expected their bank to offer 1 % interest on savings equal to one month of income.
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Does the krone peg keep inflation low in Denmark?
The fixed exchange rate policy is meant to ensure low and stable prices in Denmark.
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How large is Denmark's foreign exchange reserve?
At the end of September 2026 the foreign exchange reserve of Danmarks Nationalbank was 693.2 billion kroner, after a fall of 0.4 billion kroner during September.
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How big are Denmark's gold reserves?
At the end of September 2026 the gold holdings of Danmarks Nationalbank were valued at 58.8 billion kroner, unchanged from 31 August 2026.
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Why does Denmark change its interest rate when the ECB does?
Denmark keeps the krone fixed to the euro, so Danmarks Nationalbank keeps the spread between its rates and euro area rates steady.
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What is the Danish central bank interest rate now?
As of November 2026 the current-account rate, the certificates of deposit rate and the discount rate of Danmarks Nationalbank are all 2.10 %, and the lending rate is 2.25 %.
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What does Danmarks Nationalbank do?
Danmarks Nationalbank is the central bank of Denmark and has three main objectives: stable prices, safe and efficient payments and a stable financial system.
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How much cash is in circulation in Denmark?
On 30 September 2026 Danish banknotes worth 46.3 billion kroner and coins worth 6.1 billion kroner were in circulation, about 52.4 billion kroner in total.
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What is a money mule, and why should you never let others use your bank account?
A money mule is a person who transfers money for criminals, which lets organised criminals launder money from crime.
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Can you get your money back after a bank transfer or MobilePay payment to a scammer?
It is often hard.
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What should you do if you paid a private seller online and never got the item?
If you were cheated in a trade on the internet, report it to the police.
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How can you tell if a Danish webshop is fake?
Be careful if the goods are much cheaper than elsewhere, if prices end in odd amounts such as 517,97 kr.
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What is the safest way to pay when you shop online in Denmark?
Paying with a payment card is normally the safest way to shop online, because the bank may be able to return your money if the seller does not deliver.
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Does approving an online card payment with a code or MitID protect you from fraud?
Partly.
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How long do you have to report card misuse to your bank in Denmark?
You must contact the provider of the card, usually your bank, as soon as possible after you discover the misuse.
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Will a Danish bank or the police ever come to your home to collect your payment card?
No, the bank or the police will never come to your home uninvited to pick up a payment card.