Open a Danish bank account – when working in Denmark
Your bank account must be a Nemkonto
Make sure that the account you open in Denmark is a so-called NemKonto. NemKonto is a public payment system that enables authorities to pay you. Examples of payments are tax refunds, salary from public authorities, holiday pay or various types of social benefits. Tell your bank that the account you are opening is for your salary and will be a NemKonto.
Digital login to netbank and Danish authorities – NemID
When you open an account in a Danish bank you normally also get access to their netbank. Denmark uses a common login system called NemID for most services offered by banks, the Danish Tax Agency and other public authorities. Normally you will get a NemID that you can only use for your bank, but ask the bank if they can give you a NemID with “public digital signature” so you can use it to log in on all public authority websites.
If your bank cannot organise a NemID with public digital signature, you can order it by visiting a citizen service centre. Make sure you bring your passport, driving licence or other national ID card with a photo and a witness who can confirm your identity. The witness must be more than 18 years old, have a Danish civil registration number and be able to show valid photo documentation.
Bank account for Øresund commuters
Certain Swedish banks offer special solutions for people who commute across the Sound and need to have bank accounts in both Sweden and Denmark. As always, it is a good idea to compare the terms of the various banks before deciding where to open your Danish account. When comparing various banks, it is worth looking at how many business days a transfer takes and what it costs to transfer money from the Danish account to a Swedish account.
The list below is not complete but contains examples of some of the banks that offer special solutions for Øresund commuters. Read more about specific types of accounts, fees and terms for the various banks.
Swedbank offers two different solutions called Sundspendlarpaket. They vary in scope and annual fees. You must be a customer of Swedbank or a savings bank with which Swedbank collaborates to open an account. You get at least one free transfer per month between your Danish and Swedish accounts, and Swedbank offers transfers from one day to the next, if you transfer the money before 15.00 on weekdays.
Danske Bank offers an account called Danske Basis +. It is free to open an account with Danske Bank in Denmark, but you have to be a customer of Danske Bank in Sweden. There is no fee for transfers between your Danish and Swedish accounts.
SEB offers a so-called Brokonto, which costs DKK 600 per year. The account gives you one fixed transfer per month between your Danish and Swedish SEB accounts. If you want to make additional transfers, it will take 1-3 days and cost DKK 100-300, depending on the type of transfer you choose.
Nordea has no special offer for Øresund commuters, but it doesn't cost anything to open an account with Nordea Denmark. If you are a private customer of Nordea, you can transfer amounts between your Danish and Swedish accounts either via the Netbank or a branch. Nordea Denmark charges DKK 50 for a transfer to a Swedish Nordea account. Contact your personal bank adviser and find out what options you have as a customer. Nordea customers can also draw cash free of charge from Nordea ATMs in Denmark, Sweden, Norway and Finland.
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Social security if you work in Denmark
Being affiliated with the social security system of a country means that you are eligible for benefits such as parental allowance, sickness benefit and other benefits in that country. If you work full-time in Denmark and live in Sweden, you follow the general rule that you are affiliated with the system in Denmark, the country in which you work.