Saxo Privatbank SWIFT/BIC code

BRSPDK21 – the SWIFT/BIC code of Saxo Privatbank

BRSPDK21 and BRSPDK21XXX are two ways of writing the same SWIFT/BIC code, and both lead to Saxo Privatbank in Hellerup. Banks worldwide use these codes to direct international transfers to the right bank. You will need it mostly when dealing with transfers between countries.

Further down you will find the practical questions: receiving money at Saxo Privatbank, paying someone in another country and how to verify the code before you confirm a payment. The SWIFT code on its own cannot identify an individual account holder; that is what the IBAN or account number .

Scams that use SWIFT codes

One of the most common tricks works like this: an email arrives with a request claiming that a supplier has new bank details and asking you to pay there from now on. The fact that BRSPDK21 exists is no guarantee that a request mentioning it is legitimate.

Do not trust contact details from the same email that contains the change. Pressure or requests to keep it quiet are red flags; a genuine business can wait for you to check. When a payment was sent to the wrong account, call your bank right away: the sooner they act, the better the chance of a recall.

Recipients are targeted too: a classic trick is a buyer who pays too much and then sends a request to send back the difference. Do not act before the money has really arrived and check with Saxo Privatbank if anything seems off.

Saxo Privatbank: head office code versus branch codes

With 2 codes in 1 cities, Saxo Privatbank belongs to the banks that register individual codes for branches. The main code remains BRSPDK21XXX.

Usually you do not need to pick a branch: payments sent to BRSPDK21XXX are routed within Saxo Privatbank correctly. Only use a branch code when your contact gives you that exact code.

The best way is to take the code straight from the account holder’s invoice. Branch codes can change over time, so a code from an old document is not always valid.

What a transfer from Saxo Privatbank abroad really costs

When you send money to another country through Saxo Privatbank, the visible fee is rarely all of the cost. On top of a fixed fee, banks in between may deduct a fee, and if currencies are converted, the bank often applies a rate below the actual market rate.

Most of the cost usually sits in the exchange rate: many banks convert at a rate that includes a margin. An easy check: set the rate you get next to the mid-market rate and work out the difference on your amount.

For a lot of routes, a transfer service is less expensive than a traditional bank transfer. GoldexPay lists transfer providers next to each other, showing what actually arrives before you commit. You can still keep your account at Saxo Privatbank.

A note on our data

We collect bank codes from publicly available data and update them from time to time. It is possible that a code on this page is out of date after a merger or reorganisation. The number of codes on this page reflect what is in our directory and not on information from Saxo Privatbank itself.

Treat this page as a reference, rather than as the last word – the bank details from the recipient are leading. GoldexPay is a comparison site for money transfers and not affiliated with Saxo Privatbank. If you notice something that is out of date, we welcome a short note.

Do you need BRSPDK21 for a SEPA transfer?

Denmark is a member of the SEPA area, the zone for standardised euro payments. When you send euros from another SEPA country, you normally only need the IBAN and the BIC is often filled in automatically.

The BIC does matter when the currency is not euros. If your banking app asks for the BIC regardless, entering BRSPDK21 is fine.

Euro payments within SEPA usually arrive by the next business day; instant payments are faster if both banks offer them. As long as no currency is converted, a SEPA transfer tends to be inexpensive; it is the conversion that costs money.

Sending DKK to Saxo Privatbank

Denmark uses the Danish Krone, with the currency code DKK. A payment in a foreign currency is converted into DKK – and the bank that does it picks the rate. Every conversion eats into the amount, even when no fee is shown.

Who does the conversion has an effect on how much arrives, as rates and margins differ per bank. Sending the money directly in DKK often avoids a second conversion by Saxo Privatbank.

The rate for DKK fluctuates throughout the day, so the amount you see is usually only valid for a short time. If you pay regularly, small differences in the rate add up over time.

When will the money arrive at Saxo Privatbank?

There is no single delivery time for international payments: some arrive the same day or the next, others take several business days. Weekends and public holidays in the sending or receiving country can add a day or more, since banks do not process on those days. Occasionally a bank wants to know what the payment is for.

Many banks are connected to SWIFT gpi for faster and traceable payments. Every payment carries a unique reference, the UETR. Keep your transfer receipt; it contains the details a bank needs to start a trace.

If a payment has not arrived within the expected time, the person who paid should start with the bank that sent it, not the receiving bank. On the receiving end, it helps to check your account for a partial amount because fees can reduce the amount.

What to give a sender who pays you at Saxo Privatbank

If you expect money from abroad, give the sender everything they need in one go. In practice that means: your full name exactly as it appears on the account, your account number or IBAN, the SWIFT/BIC code BRSPDK21XXX (or BRSPDK21) and, often, your address.

Their bank might also ask for the address of your bank. A typo in the IBAN is more trouble than you might think; copy them from your banking app rather than typing.

What lands in your account is often lower than what was sent. Fees for incoming transfers differ per bank; check the price list of Saxo Privatbank. Agree with the sender who covers the fees.

Before you send: check the Saxo Privatbank code

The best place to find the correct BIC is a document from the bank itself. When the code you were given differs from BRSPDK21 or BRSPDK21XXX, stop and ask – contact the recipient or Saxo Privatbank.

A wrong SWIFT code may lead to a delay, a payment being sent back or additional charges. Do not forget the IBAN: an error there is harder to undo than a wrong BIC.

Most online banking apps validate the structure of an IBAN – that confirms the format, not the owner. Some banks now compare the payee name with the account – do not ignore a mismatch warning. Sending a small amount first can be worth it for a large first payment, even if it costs an extra fee.

8 or 11 characters: BRSPDK21 versus BRSPDK21XXX

The structure of a BIC is always the same: four characters for the institution, a two-letter country code and a two-character location code, plus an optional branch code. That gives you BRSPDK21.

XXX at the end of BRSPDK21XXX does not stand for a placeholder or an error: it indicates the main office of Saxo Privatbank. Certain payment forms insist on 11 characters, in which case you simply add XXX behind BRSPDK21.

Type the code in one piece, in capitals and without separators. Copying the code is safer than typing it by hand, because one wrong letter changes the bank.