Denmark · Business Banking
Opening business and personal bank accounts, remote options, required documents, and fees.
AI-drafted, editorially reviewed. Confirm specifics with the official authority.
Danish banking is highly digital and built around the CPR number and MitID digital ID. Foreigners need a CPR number, a valid ID and address registration to open an account, then set up a NemKonto for salary and public payments. Finanstilsynet supervises banks.
Banks are supervised by the Danish Financial Supervisory Authority (Finanstilsynet); deposits are protected by the Danish guarantee fund. A company needs its CVR number to open an account.
- Deposits are protected by the guarantee fund up to the standard EU limit (EUR 100,000 per depositor per bank, the EU-harmonised level).
- Opening a business account generally requires the CVR number and owner ID.
- Denmark is part of the SEPA area; the currency is the Danish krone.
- 1
Get your CPR number
The CPR (civil registration) number, obtained from your municipality after registering your address, is required to open an account.
- 2
Set up MitID
With a CPR number and a valid ID you get MitID, the national digital ID used for banking and public services.
- 3
Choose a bank
A major bank (Danske Bank, Nordea, Nykredit, Jyske Bank) or a Nordic digital option; you generally verify your identity in person for the first account.
- 4
Gather your documents
CPR number, a valid passport or ID, proof of address and (for non-EU nationals) a residence permit.
- 5
Open the account and assign a NemKonto
Activate the account, then assign it as your NemKonto (the public "Easy Account") for salary, tax refunds and public payments; set up SEPA and MobilePay.
- CPR (civil registration) number
- Valid passport or ID
- Proof of address (address registration)
- Residence permit (non-EU nationals)
- CVR number + owner ID — business accounts
- Danish FSA (Finanstilsynet)
Financial supervisory authority.
Frequently asked questions
Do I need a CPR number to open a Danish bank account?
Yes — a CPR number (from registering your address with your municipality) is required, along with a valid ID; you then set up MitID for digital banking.
What is a NemKonto?
Your designated "Easy Account" that public authorities use for salary, tax refunds and benefits; you assign an ordinary Danish account as your NemKonto, usually via MitID.
Government portals
- Life in Denmark — The state's English-language guide to moving to, living and working in Denmark.
- Skattestyrelsen — Danish Tax Agency — Tax card, preliminary and annual tax assessment, and deductions.
- New to Denmark (SIRI) — Residence and work permits, the Positive List, and family reunification.