Where should I setup a bank account in Denmark?
We asked expats in Denmark what banks they use and there advice about banking. They advised...
"Expats considering retiring in Denmark should be aware that the cost of living is relatively high, and that the climate can be cold and wet. It is important to research the healthcare system and the availability of medical services in the area. Expats should also be aware of the language barrier, as Danish is the official language of the country. Additionally, it is important to research the tax system and the regulations for pensioners in Denmark. Finally, expats should be aware of the cultural differences between their home country and Denmark, and be prepared to adapt to the local customs," remarked another expat in Denmark.
"No. Went entirely local (Nordea) for primary accounts. Keep separate Citibank account, as well as separate Lloyds TSB account in the UK, from whence we moved. Move money around between these accounts and a SunTrust account in the US," said a member in Aalborg, Denmark.
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Other Questions:
- What do I need to know before retiring in Denmark?
- How do I meet people in Denmark?
- What is life like in Denmark?
- Is there a lot of crime in Denmark?
- Is there a lot of diversity? Are people in Denmark accepting of differences?
- What are the schools in Denmark like?
- Is the cost of living in Denmark high?
- What advice do you have for expats having a baby in Denmark?
- What are healthcare services like in Denmark?
- Is the cost of living in Denmark high?
- What type of recreational facilities are in Denmark?
- What is the weather like in Denmark?
- Are there good restaurants in Denmark?
- Where will I buy groceries and do other shopping in Denmark?
- What are the visa & residency requirements in Denmark?
- Are healthcare and health insurance expensive in Denmark?
- What do I need to know when buying property in Denmark?
- Are foreigners allowed to own property in Denmark?
- What appliances are typically included in a rental?
Where should I setup a bank account in Denmark?
If you live in Denmark, newcomers to Denmark would love to hear your answer to this question.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.