< Back What is the local currency? What denominations does it come in? What is the best way to exchange currency? What are commonly-used forms of payment for everyday purchases (such as groceries)? Will I be able to use my credit card around town? If not, list when I’ll need cash. By what method are bills (such as rent and utilities) paid? What are the requirements for opening a bank account? At what stage of the settling-in process should I open it? Will foreign residents be able to find banking services in their native languages? Are there any restrictions on services for those who are new to your country? What are typical banking hours? What is the local currency? Danish Kroner (DKK) Top What denominations does it come in? Coins: DKK 0.50, DKK 1, DKK 2, DKK 5, DKK 10 and DKK 20. Banknotes: DKK 50, DKK 100, DKK 500, DKK 1000 Top What is the best way to exchange currency? At the bank or at FOREX Top What are commonly-used forms of payment for everyday purchases (such as groceries)? Cash and with a credit card. Top Will I be able to use my credit card around town? If not, list when I’ll need cash. Credit cards are accepted almost everywhere. Cash will be needed for payments of small amounts i.e. when using public transport. Top By what method are bills (such as rent and utilities) paid? Common method of payment is called "Betalingsservice", or payment via Internet banking. Top What are the requirements for opening a bank account? At what stage of the settling-in process should I open it? You would need your ID card, passport, residence permit and proof of employment. Top Will foreign residents be able to find banking services in their native languages? Danish is the general language used. In some cases, you may obtain information in English. Top Are there any restrictions on services for those who are new to your country? Generally no, but it also depends on what services you need. Top What are typical banking hours? Monday to Wednesday and Friday between 9.00am and 4.00pm. Thursdays from 9.00am to 6.00pm. Top Are automatic teller machines (ATMs) available around the clock? Yes they can be found all over Copenhagen. Top Is there any other money information that might help me? In some stores, Euro can be used as currency; however change will be made in DKK. It is always good to have some cash for urgent situations but in general, credit cards are accepted everywhere. Top Useful Links www.danskebank.dk www.forexbank.dk www.nordea.dk www.al-bank.dk www.valutakurser.dk IMPORTANT NOTE: Crown Relocations has made every effort to present accurate information. However, regulations, rates and other variables are subject to change and Crown Relocations cannot accept responsibility for the errors that might result. Please contact your closest embassy or consulate for confirmation.