SWIFT/BIC codes in Denmark: banks starting with P

Denmark: banks and their SWIFT/BIC codes

This directory lists 322 banks and financial institutions in Denmark and 611 SWIFT/BIC codes between them. A BIC tells every bank in the chain exactly which bank is meant to get the money.

Each bank has its own page with the head office code and if there are any, branch codes. Below the list you can read how a code from Denmark is put together, how to send money there at a fair price and how to check a code before you pay.

Paying in euros to Denmark

Since Denmark is part of the SEPA zone, a euro transfer to a bank in Denmark normally only needs an IBAN. Many banks do not require the BIC for these payments.

You still need a SWIFT code for payments in other currencies or transfers from countries outside SEPA. Euro payments within SEPA usually arrive by the next business day, and instant transfers in seconds where both banks support them. As long as no conversion is involved, a SEPA transfer is usually cheap.

SWIFT codes in Denmark: banks under :letter

The letter filter limits the list down to banks from Denmark that begin with :letter. The totals on this page cover all 322 banks and not only this letter.

If a bank is missing here, try another letter. Try the full list for Denmark when you do not know the exact name.

About our data and how to check a code

The most reliable place for the right code is paperwork issued by the bank, such as a statement or the account page in online banking. If the code you have does not match our list, stop and ask.

We gather bank codes using publicly available data and update our list regularly. Still, banks merge, rename themselves or retire codes and our data may lag behind. Treat this list as a starting point, not as the final word: the bank details from the recipient come first. GoldexPay is not a bank and has no link to the banks in this list.

Watch out for invoices with changed bank details – a common fraud method. A valid BIC tells you nothing about who owns the account.

What a sender needs to pay you in Denmark

For a transfer from abroad into a Denmark account, the sender needs more than the SWIFT code. In practice that means: your full name as your bank knows it, your IBAN or account number, the SWIFT/BIC code of your bank and sometimes your postal address.

Find your bank in the list above to check its code, but take the code from your own bank details when in doubt. Certain banks also ask for your bank’s address, so keep it at hand.

Expect that the incoming amount is smaller than the amount on the sender’s receipt. Fees for incoming transfers vary per bank. Make clear with the sender who pays which costs, especially for larger amounts.

Sending DKK to Denmark

Denmark uses the Danish Krone. When you pay money in a different currency, the amount gets converted somewhere along the way: by your bank, an intermediary or the receiving bank.

Who does the conversion has an effect on how much arrives, since every bank sets its own rate. Often you pay less to send DKK directly via a transfer service with a good rate. With bigger transfers, a seemingly small gap in the rate adds up quickly.

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

Of the 322 banks in Denmark, Vp Securities A/S is listed with the most SWIFT codes. The head office of Vp Securities A/S has VPDKDKKKXXX; that is usually the right code for a transfer.

Banks differ in how many codes they register – a high count is not a measure of size. Making a payment to Vp Securities A/S? Go with VPDKDKKKXXX except when the recipient gives you a branch code.

Tracking a payment to Denmark

How fast a payment reaches Denmark is determined by several factors: which currency you send, the number of banks in between, daily processing deadlines and differences in time zone. Bank holidays in either country add a day or more to the journey.

If a transfer seems late, the sender should contact the sending bank; only the sending side can start an official trace. Keep the payment confirmation until the money has arrived.

Sending money to Denmark for less

The price of a transfer to Denmark has more than one component – not only the fee you see. Besides a fixed fee, correspondent banks may take a cut, and when the money is converted the bank usually applies a less favourable rate than the real market rate.

The markup on the rate tends to be the biggest part of the cost because it is hidden in the rate. Check the bank’s rate against the mid-market rate; the gap is what conversion costs you.

For many currency pairs, a specialist provider is cheaper than a traditional bank transfer – mostly thanks to the exchange rate. GoldexPay lists these providers side by side so you can see the amount that reaches the recipient for the same amount sent.

Recognising a SWIFT code from Denmark

A BIC is either 8 or 11 characters long and the parts always come in the same order. First comes four letters for the bank, then two letters for the country and two characters for the location.

In every code from Denmark, characters five and six are the ISO country code of Denmark – that is the quickest way to spot one. A code with a different country code belong to another country.

When a code ends in XXX, it refers to the head office and the short version works just as well. Use a branch code just when the recipient explicitly gives you one – otherwise stick with the head office.