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Currency and Banking

Currency
The Danish currency is the "krone" (crown). The official abbreviation used by the financial sector is DKK, but in Danish daily life, the krone is abbreviated "kr." 

1 Danish Krone (DKK) equals 100 øre. Notes are in denominations of 1000 kr., 500 kr., 100 kr. and 50 kr. Coins are in denominations of 20 kr., 10 kr., 5 kr., 2 kr., 1 kr., 50 øre and 25 øre.

1 Euro equals about 7.45 DKK (2008). To see other conversion rates click here.

Banks
Although Denmark is a very safe country, it is never a good idea to carry or keep large sums of money. Therefore, we recommend strongly that you open a bank account. When you go to a Danish bank to open an account, you should bring your passport and your Danish CPR-number. You also need to have an address in Denmark where the bank can reach you.

Please note: Though it is possible to open a bank account immediately upon arrival in Denmark, money cannot be withdrawn from the account until you have received your official CPR-number and given it to the bank.

On this interactive Randers map you can click your way to the banks available in Randers.

For advice on money transfers from your home country to Denmark, please check with your bank at home.

Banking hours are usually:
Monday, Tuesday, Wednesday and Friday: 9:30/10:00 -16:00
Thursday: 9:30/10:00 - 18:00
Weekends: Closed

Credit and payment cards
Foreign credit cards like Visa, MasterCard, Euro-card and American Express, are widely accepted in Denmark. Likewise credit cards can be used in the many cash machines, set up around in the Danish cities. Foreign credit cards are generally not accepted in the Danish supermarkets and grocery stores. You might consider getting a Dankort, a payment card that can be used in almost every shop in Denmark. To get a Dankort, you must open a bank account in Denmark.

Cheques
Another option is to use traveller cheques or Euro cheques that can be cashed in banks. Please note: Personal cheques made out by students on a foreign bank account cannot be cashed in Denmark.

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