SWIFT/BIC codes in Denmark: banks starting with V

Bank SWIFT codes for Denmark

In Denmark we have 611 SWIFT/BIC codes, spread over 322 institutions. You will need such a code mostly for international transfers, and especially for payments in foreign currencies.

Each bank is listed with its own page showing the head office code and, where available, branch codes. Further down we explain how a code from Denmark is put together, how to send money to Denmark at a fair price and how to check a code before you pay.

What a sender needs to pay you in Denmark

To receive an international payment in Denmark, the person paying you needs more than the SWIFT code. Share your name as registered with the bank, the IBAN or account number, the BIC of your bank and your address.

The code of your bank is in the list on this page. Certain banks also ask for the name and address of your bank.

What lands in your account can be lower than the amount sent. Intermediary banks may deduct a fee, and when currencies differ, an exchange rate margin comes on top. Agree with the sender who pays which costs, especially for larger amounts.

Most SWIFT codes in Denmark: Vp Securities A/S

Of all banks we list for Denmark, Vp Securities A/S has the largest number of SWIFT codes. The head office uses VPDKDKKKXXX, which is the code to use when no branch is specified.

The number of codes tells you something about how it organises its payments than about its size. Making a payment to Vp Securities A/S? Go with VPDKDKKKXXX unless a specific branch code is requested.

Sending money to Denmark for less

A bank transfer to Denmark can cost more than you think. Besides a fixed fee, correspondent banks may take a cut and, if currencies are converted, the bank usually uses a rate below the real market rate.

The markup on the rate is often the largest cost item because it is hidden in the rate. An easy check: put the rate you get next to the mid-market rate and look at the difference.

Specialist money transfer services often offer rates closer to the mid-market rate and lower fees. On GoldexPay we compare the amount that arrives in Denmark with different services, so you can pick the cheapest route.

Banks in Denmark beginning with the letter :letter

This filter limits the list down to banks from Denmark that begin with :letter. The counts in the introduction still refer to the whole country.

Some banks are listed under their official name, which may start with words like Bank or Banco. The complete list remains available when you cannot find the bank here.

Check the code before you pay

The most reliable source for the BIC is the bank details provided by the recipient: an invoice, a statement or their online banking. If the code you have differs from our list, do not guess.

The directory on GoldexPay is based on public sources that we update periodically. Still, banks merge, rename themselves or retire codes. Use our data as a starting point. GoldexPay is an independent comparison site and is not affiliated with the banks listed.

Be wary of payment requests containing a new account – a common fraud method. A valid BIC says nothing about who owns the account.

The structure of a Denmark SWIFT/BIC code

Bank identifier codes use the same format worldwide: 8 characters. Characters one to four stand for the bank, characters five and six form the country code and characters seven and eight mark the location.

You can spot a bank code from Denmark by the fifth and sixth characters. A code with other letters in that position belong to another country – a quick way to catch mistakes.

The long version ends in three characters for a branch, where XXX means the head office. For most transfers the head office code is fine.

Paying in DKK: what conversion costs you

Bank accounts in Denmark are usually held in DKK – the Danish Krone. A payment in a foreign currency is exchanged into DKK, and whoever converts it chooses the rate.

Where the conversion happens affects how much arrives, since every bank sets its own rate. Check how much DKK the recipient gets via different services; the difference between options can be larger than you expect. With bigger transfers, even a small gap in the rate can be worth more than the fee.

Tracking a payment to Denmark

A SWIFT payment to Denmark usually takes one to a few business days – it depends on currency, route and the banks in between. Public holidays in either country add extra days to the journey.

A growing number of banks are connected to SWIFT gpi, which lets them follow a payment from bank to bank. Every payment carries a unique reference, the UETR. Keep your transfer receipt until the recipient confirms.

Denmark and the SEPA area

Because Denmark is in the SEPA zone, a euro transfer to an account in Denmark normally only needs the IBAN. Many banks do not require the BIC in that case.

A SWIFT code still matter for payments in other currencies. Euro payments within SEPA usually arrive within one business day. Costs stay low provided no currency is converted – conversion is what costs money.