SWIFT/BIC codes in Denmark: banks starting with M

Bank SWIFT codes for Denmark

On this page you find codes for 322 banks in Denmark, 611 codes in all. A BIC tells every bank in the chain which institution is meant to get the money.

Choose a bank from the list to see the head office code and its other codes. The sections below covers the structure of the codes, the cost of transfers and the checks worth doing before you send money.

How long does a transfer to Denmark take?

There is no single answer for payments to Denmark: many arrive within a day while others need several business days. Public holidays in either country add extra days to the journey.

A growing number of banks use SWIFT gpi. Every payment carries a unique transaction reference, the UETR that banks can use to see where the money is. Keep the payment confirmation – you will need it if something goes wrong.

Denmark and the Danish Krone

Denmark pays in the Danish Krone (DKK). When you pay money in a different currency, it has to be converted at some point – by your bank, a bank in between or the recipient’s bank.

Where the conversion happens has an effect on the final amount, as rates and margins differ per bank. In many cases it is cheaper if you send DKK straight away through a transfer service that converts near the mid-market rate so the receiving bank does not need to convert again. With bigger transfers, even a small difference in the rate adds up quickly.

Getting paid from abroad into an account in Denmark

To receive an international payment in Denmark, the person paying you needs more than the BIC. That means: your full name exactly as it appears on the account, your IBAN or account number, the SWIFT/BIC code of your bank and usually your postal address.

The code of your bank appears in the list on this page. You can add your bank’s name and city as well because some forms have separate fields for it.

Expect that the amount credited is smaller than the amount on the sender’s receipt. Charges on incoming payments differ from bank to bank; check the price list of your bank. On invoices, state who bears the costs to avoid a shortfall.

Most SWIFT codes in Denmark: Vp Securities A/S

Among the 322 institutions we list, Vp Securities A/S has the largest number of SWIFT/BIC codes in Denmark. The head office of Vp Securities A/S uses VPDKDKKKXXX and that code covers most payments.

Many codes usually reflects separate codes for branches, departments or services – it says nothing about the size of the bank as such. Unless the recipient asks for a branch, VPDKDKKKXXX is fine for a payment to Vp Securities A/S.

What the letters in a Denmark BIC mean

SWIFT/BIC codes follow one international format: eight characters, sometimes followed by three more. The first four letters identify the bank, characters five and six form the country code and characters seven and eight mark the location.

In every code from Denmark, characters five and six show the two-letter ISO code of Denmark – that is the quickest way to spot one. When the country letters point to another country, you are looking at a bank somewhere else – worth double-checking.

The long version adds a branch code. In most cases the head office code is what you need.

How reliable is this list?

Ask the recipient to send you their bank details straight from their online banking. An incorrect BIC can cause a delay, a payment being sent back or extra fees.

The directory on GoldexPay is compiled from public sources. Banks merge, close branches and retire codes, and no directory catches every change immediately. Treat our data as a starting point, not as the final word. GoldexPay is not a bank and has no link to the banks in this list.

Scammers regularly send fake invoices with new bank details that look completely genuine. A valid BIC says nothing about whether a request is genuine.

SWIFT codes in Denmark: banks under :letter

This page shows only the banks in Denmark beginning with :letter in alphabetical order. The figures for Denmark mentioned here apply to all 322 banks and not only this letter.

Some banks are listed under their legal name rather than the name on their app or website, so the letter can differ from what you expect. The complete list is available if the letter filter does not help.

The cheapest way to send money to Denmark

The price of a payment to Denmark has several parts. There is a transfer fee, possibly fees from correspondent banks along the way and, most importantly, the margin on the exchange rate if the money is converted.

Most of the cost usually sits in the exchange rate – the bank builds a margin into its rate. Check the bank’s rate against the mid-market rate. The difference is your real cost.

Specialist money transfer services frequently use rates closer to the mid-market rate. On GoldexPay you can compare the amount that arrives in Denmark with different providers, so you can pick the cheapest route.

Paying in euros to Denmark

Because Denmark is in the SEPA zone, a euro transfer to an account in Denmark normally only needs the IBAN. Many banks no longer ask for the BIC in that case.

You still need a SWIFT code when sending payments in other currencies or transfers from countries outside SEPA. Euro payments within SEPA usually arrive by the next business day. Costs stay low provided everything stays in euros; the conversion is where it gets expensive.