SWIFT/BIC codes in Denmark: banks starting with I

Finding a SWIFT code in Denmark

Here you will find codes for 322 institutions in Denmark. A SWIFT code tells the banks handling a transfer exactly which bank should receive an international payment.

Look for the bank you need below and click through to see all codes we have. The rest of this page explain how the codes work, the cost of transfers and the checks worth doing.

How reliable is this list?

Have the recipient send you their bank details directly from a recent statement. When the code you were given does not match the code listed here, do not guess.

This list is compiled from public sources and is updated regularly. Still, banks merge or change codes. Treat this list as a starting point rather than the last word. GoldexPay is a comparison service.

Fraudsters often send payment requests carrying changed bank details. A real SWIFT code tells you nothing about who owns the account: criminals use real codes too.

Banks in Denmark beginning with the letter :letter

This list only shows the banks in Denmark whose name starts with :letter. The counts in the introduction always cover the whole country and not only this selection.

If the bank you need is missing here, try the full list. Use the full list for Denmark if you do not know the exact name.

What the letters in a Denmark BIC mean

Each SWIFT/BIC code consists of 8 or 11 characters in a fixed order. First comes four letters for the bank, followed by two letters for the country and two characters for the location.

You can spot a bank code from Denmark by letters five and six: they always show the ISO country code of Denmark. A code with other letters in that position belong to another country.

The optional last three characters stand for a branch or department; XXX means the head office. In most cases the head office code is what you need, unless the recipient gives you a branch code.

What a sender needs to pay you in Denmark

When you expect money from abroad in Denmark, send the payer everything they need in one go. Give them your name as registered with the bank, the IBAN or account number, your bank’s SWIFT code and your address, which some banks require.

Your bank’s code is in our list but always compare it with your own bank details. It helps to add the name and city of your bank.

What lands in your account can be less than the amount sent. Correspondent banks can take a fee and your own bank may charge for processing, and when currencies differ, an exchange rate margin comes on top. Make clear with the sender who covers the fees, especially for larger amounts.

Denmark and the Danish Krone

Denmark uses the Danish Krone (DKK). Money sent in a different currency is exchanged into DKK, and whoever converts it chooses the rate.

Which bank converts the money matters. Often it is cheaper to send DKK straight away through a transfer service that converts near the mid-market rate. Exchange rates move during the day.

What a transfer to Denmark really costs

A bank transfer to Denmark can cost rather more than the fee suggests. You pay the transfer fee, sometimes charges from intermediary banks and, above all, the margin on the exchange rate when currencies differ.

The real cost is often in the rate. A simple test: put the offered rate against the mid-market rate and work out the difference on your amount.

For many routes, a specialist provider turns out to be cheaper than a bank – mostly thanks to the exchange rate. GoldexPay compares these providers next to each other so you can see the amount that reaches the recipient before you commit.

The largest SWIFT network in Denmark: Vp Securities A/S

Vp Securities A/S leads our list of Denmark banks in the number of SWIFT/BIC codes. The head office uses VPDKDKKKXXX.

The number of codes tells you more about how it organises its payments than about its size. Unless a branch code is given, the head office code VPDKDKKKXXX works for transfers to this bank.

When does money sent to Denmark arrive?

An international transfer to Denmark usually takes anywhere from one to several business days, depending on the currency, the route and the banks involved. Payments made late in the day or just before weekends and holidays often start the next business day.

If the money is late, ask the sender to contact their own bank. Keep your transfer receipt until the recipient confirms; a bank needs it to start a trace.

SEPA transfers to Denmark

Denmark belongs to the SEPA area. For a standard euro transfer within SEPA, the IBAN is usually enough.

You still need the BIC for payments in other currencies or money from outside the SEPA area. Instant payments in euros are increasingly supported across SEPA, though not every bank offers them for every account. As long as the payment stays in euros, the transfer tends to be cheap.