There are a number of reasons why you might need to send money to Denmark; to cover payments on a property purchase, to transfer your pension or perhaps simply to send money to friends or family.
But how you choose to send money to Denmark will depend on the frequency of transfers and who you are sending the cash to.
Using a high street bank account might be helpful when sending money to somebody with an account at Danske Bank for example, but it won’t be much use if your recipient doesn’t have access to a bank account.
If you do use a bank in your country of residence then do be aware that you are likely to be subjected to per-transfer fees every time you move Danish krone.
Unfortunately, Money Sending Bureaus, which are a convenient way to send money to somebody who doesn’t have a bank account in Denmark, also charge these fees.
The fees charged by bureaus can be between ten and 15 per cent and while those charged by a bank will be less, you cannot expect to receive a competitive currency exchange rate from either service provider.
To get around this, it might be worth enquiring with a foreign exchange broker to see if you find their services more appealing.
Most foreign exchange brokers will offer a competitive krone exchange rate when you send money to Denmark.
However, Xendpay can go one further. We can guarantee you a low fee service if you send krone to Denmark with us.
But there is no need to decide just now which method of moving money suits you best.
You can open an online account for free with Xendpay today and gain access to the actual exchange rates on offer; these can then be compared to any other source you like, allowing you to pick the most suitable option for your circumstances.