SWIFT/BIC codes in Greenland

Greenland: banks and their SWIFT/BIC codes

In Greenland we have 1 SWIFT/BIC codes. Each code points to an institution or one of its branches.

Every bank has its own page showing the head office code and if there are any, codes for branches and departments. The rest of this page covers the structure of the codes, the cost of transfers and how to avoid mistakes before you send money.

Sending DKK to Greenland

The currency of Greenland is the Danish Krone (DKK). If you send money in a different currency, the amount has to be converted at some point.

Where the conversion happens affects the final amount, since every bank sets its own rate. In many cases it is cheaper if you send DKK straight away via a provider with a good rate rather than letting the receiving bank convert. Exchange rates move during the day, so a quote is usually valid only briefly.

Check the code before you pay

Have the recipient copy the account details directly from a recent statement. If the code you have differs from the code listed here, do not guess.

Our SWIFT/BIC directory is compiled from publicly available sources that we update periodically. Banks reorganise, change names and change codes, and no directory catches every change immediately. For any payment that matters, confirm the code with the recipient’s bank. GoldexPay is an independent comparison service for money transfers, not a bank.

Scammers regularly send payment requests carrying new bank details that look completely genuine. Always confirm a change of bank details by phone.

International payments to Greenland and the BIC

For Greenland you will usually need a SWIFT/BIC code. Without the BIC, your bank cannot process the transfer at all.

Depending on the country, the account is identified by a local account number rather than an IBAN, sometimes with an extra bank or branch code. The recipient’s bank usually provides a list of required details for incoming international payments. International transfers can pass through correspondent banks and fees can be taken along the way.

When does money sent to Greenland arrive?

An international transfer to Greenland usually takes anywhere from one to several business days. Transfers sent late in the day or just before a weekend or public holiday often start a business day later.

When a payment takes longer than expected, ask the sender to contact their own bank – the receiving bank often cannot see a payment that has not arrived. Specialist transfer services usually provide a status online, which makes it easier to see where the money is.

How SWIFT codes from Greenland are built

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

No matter which bank, all Greenland codes share the same country code in positions five and six. A code with other letters in that position belong to another country, even if the bank name looks familiar.

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

Most SWIFT codes in Greenland: Gronlandsbanken A/S

Gronlandsbanken A/S tops the list for Greenland in SWIFT/BIC codes. Its main office has GRENGLGXXXX; that is usually the right code for a transfer.

Practice differs in how many codes they register – a high count is not a measure of size. Unless the recipient asks for a branch, the head office code GRENGLGXXXX works for a payment to Gronlandsbanken A/S.

Receiving money in Greenland from abroad

Someone abroad who wants to pay you will ask for several details from you. That means: your full name as your bank knows it, your IBAN or account number, the BIC of your bank and sometimes your postal address.

Find the bank in the list on this page and compare the code with your own bank details. It helps to include the name and city of your bank, since some payment forms ask for it.

The amount you receive can be lower than what was sent. Charges on incoming payments differ per bank. On invoices, state how the fees are split, so nobody is left short.

Sending money to Greenland for less

The price of a transfer to Greenland is made up of more than one component. There is the transfer fee, sometimes charges from intermediary banks along the way and, most importantly, the margin on the exchange rate.

The real cost is often in the rate, rather than in the fee – the bank builds a margin into its rate. Check the bank’s rate with the mid-market rate, the midpoint you see on financial news sites.

Specialised transfer providers often offer a rate near the mid-market rate. GoldexPay lists transfer services next to each other so you can see what actually arrives in Greenland.