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Do Danish banks charge fees on current accounts?

How to see what an account costs.

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Short answer

Each bank sets its own fees, so the price of an account and a card is not the same everywhere. No later than when you sign the account agreement, the bank must give you a fee information document listing the main services and their fees, on paper or another durable medium. The document must also be available in branches and on the bank's website. At least once a year the bank must send you a statement of the fees charged on the account, with the interest rates applied.

Practical info

Why

  1. The fee document makes it possible to compare accounts.
  2. Package deals must show the price of each part.
  3. The yearly statement shows what you actually paid.

Details

On a basic payment account, the bank may charge only a reasonable fee for the core services, however many payments you make.

Tip

Ask for a free paper copy of the fee information document if you want to read it at home.

What may differ

Banks change their fees from time to time and must tell customers in advance.

Common misconception

Many think there is one fixed price for a bank account in Denmark.

What actually happens

There is no set price: each bank decides its fees, but must show them in writing.

People also ask

  • What is included in a basic payment account?
  • How do I switch banks in Denmark?
  • Do I pay to withdraw cash in another EU country?

Sources

This answer is for reference only. Payment rules, limits and fees change, so check the official sources or your bank before you pay.

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