22/12/2019
When preparing for any international journey, one of the first questions that often springs to mind for the savvy British traveller is, 'How will I pay for things?' Denmark, a nation celebrated for its innovative design and progressive society, has also been at the forefront of the global shift towards a cashless economy. While the convenience of digital payments is undeniable, understanding the nuances of how money works in Denmark is crucial for a smooth and stress-free trip from the UK.
Despite Denmark's strong embrace of digital transactions, it's not entirely cashless. The use of physical cash is indeed on a steady decline, and you'll find that credit cards are widely accepted for purchases as minor as a packet of chewing gum. In Copenhagen, for instance, even automated station toilets often operate exclusively on card payments, shunning cash entirely. However, a specific 'cash rule' remains in place, mandating that most shops must accept cash payments between 6 am and 10 pm. This rule has a slight variation for stores located in high-risk areas, where the cut-off time for cash acceptance is 8 pm. Generally, credit cards and mobile banking applications are universally accepted across Denmark, significantly reducing your reliance on physical currency, particularly in the capital.
However, if your Danish adventure extends beyond the vibrant confines of Greater Copenhagen, or if you plan to explore the more rural landscapes, carrying a small amount of cash can be beneficial. Certain local buses or public toilets outside the main city hubs might still operate on a cash-only basis. While digital solutions like the DSB, DOT, or Rejseplanen apps are highly recommended for planning your journey and purchasing transport tickets in advance, it's worth noting that if you do pay for local transport with cash, change will be provided, but you can only use banknotes up to a 100 kr denomination.
Embracing Digital Payments: Your Cards and Apps
Denmark boasts an impressive array of accepted payment methods, making it incredibly convenient for international visitors. You can typically pay for goods and services using a variety of options, including Mastercard, Visa, American Express, Diners Club, Mobile Pay, Apple Pay, Google Pay, Samsung Pay, and, of course, cash. For most travellers, Visa and Mastercard are by far the most widely accepted credit cards throughout the country. While American Express and Diners Club are accepted in some establishments, they are not as universally recognised as they once were, and you may occasionally encounter retailers who charge an additional fee for their use.
Essential Tips for Using Credit Cards in Denmark
- Foreign Card Fees: Be aware that many Danish restaurants may levy an additional charge, typically between 3% and 7%, on the total bill when you pay with a foreign credit or debit card. It's always wise to check with your server beforehand if you're concerned about additional costs.
- Contactless Convenience: Most credit card transactions are contactless, offering swift and easy payments. However, for purchases exceeding a specified amount, currently set at 350 kr, you may be required to insert your card and enter your PIN.
- Choose Local Currency: This is a crucial piece of advice for any international traveller. When presented with the option to pay in local currency (Danish Kroner, or DKK) or your home currency (e.g., British Pounds), always, always choose the local currency. Paying in DKK means your own bank will handle the currency conversion, typically providing a much more favourable exchange rate than the vendor's conversion service. Opting for your home currency (Dynamic Currency Conversion) often results in a significantly poorer rate.
- PIN Codes: Danish ATMs, point-of-sale terminals, and credit card readers universally use four-digit PIN codes. If your UK credit or debit card uses a six-digit PIN, or if you possess an older card with only a magnetic strip and no chip, you will need to contact your card provider before your trip to request a new card compatible with Danish systems. Ensure you allow ample time for this process. It’s also a sensible precaution to check the expiry dates on all your cards to ensure they won't expire during your travels.
If you're unsure about your card's compatibility or any potential fees, a quick call to your bank before you depart can save you a lot of hassle and potential frustration once you arrive in Denmark.
Understanding the Danish Krone (DKK)
The official currency of Denmark is the krone, which translates to 'crown' in Danish. The plural form is kroner, and its symbol is 'kr'. While Danish kroner is the preferred and most practical currency for daily transactions, you might find that euros and even US dollars are accepted for higher-priced items, such as hotel rooms, particularly in tourist-heavy areas. However, expect less favourable exchange rates if you opt to pay in these foreign currencies, and any change will almost certainly be given in Danish kroner, also at a disadvantageous rate.
Danish krone banknotes are issued in the following denominations: 500 kr (blue), 200 kr (green), 100 kr (brown), and 50 kr (purple). It's important to note that the 1,000 kr bill was removed from circulation in May 2025 as part of measures to combat money laundering. Danish coins still in use include 20 kr, 10 kr, 5 kr, 2 kr, 1 kr, and 50 øre (which is half a krone).
For those times when cash is necessary, finding an ATM (known as a Pengeautomat in Denmark, with 'penge' meaning money) is usually straightforward. However, a word of caution for all travellers: avoid Euronet ATMs at all costs. These machines are notorious for their appalling exchange rates and a multitude of fees, including a transaction fee, a terminal exchange fee, and then your own bank's charges on top. This can result in a triple whammy of expenses that significantly erode the value of your withdrawal.
As a general guide, the charges for withdrawing cash from an ATM in Denmark will vary depending on your bank's policies. Your bank may also impose daily withdrawal limits, so it's always best to check these details before you leave the UK.
Where to Exchange Currency in Copenhagen
If you prefer to exchange physical currency, any Bureau de Change will sell you Danish kroner. Copenhagen Central Station (København H) is a good starting point, housing three currency exchange offices inside and several more directly opposite on Vester Farimagsgade. You'll also find numerous other Bureau de Change outlets scattered throughout the city centre.
A common pitfall to watch out for is text stating "no commission charged" when exchanging money. This can be misleading, as the commission rate is often 'hidden' within a less favourable exchange rate rather than being shown as a separate charge. Always compare the actual exchange rate offered, not just the presence or absence of a stated commission fee.
When arriving at Copenhagen Airport, you'll find four currency exchange offices after security and three before security. However, much like airports globally, the exchange rates offered here are typically quite poor. A better option for withdrawing cash at the airport is to use the ATMs attached to the Danske Bank branches (one before and one after security), as these generally offer more favourable exchange rates compared to both the currency exchange offices and the aforementioned Euronet ATMs.
It's also crucial to be aware of specific regulations regarding certain banknotes. Since 2020, legislation has made it illegal to exchange or spend 500 Euro bills in Denmark, a measure implemented to combat money laundering. Similarly, the Danish 1,000 kr bill was removed from circulation in May 2025 for the same reason.
Payment Methods at a Glance
| Method | Pros | Cons |
|---|---|---|
| Credit/Debit Card | Widely accepted, convenient for most purchases, secure | Potential foreign transaction fees, some cards less accepted, 4-digit PIN requirement |
| Mobile Pay Apps | Extremely convenient, increasingly popular, quick transactions | Requires smartphone and network access, less common outside major cities |
| Cash (DKK) | Legally accepted in shops (6 am-10 pm), useful for small vendors/buses outside Copenhagen | Less convenient for large purchases, security risk, 1000 kr and 500 Euro notes not accepted |
| Euros/USD | Accepted for large purchases in tourist areas (Copenhagen only) | Poor exchange rates, change given in DKK, limited acceptance, not practical for daily use |
Keeping Your Money Secure
While Denmark is renowned as a very safe country for tourists, it's always prudent to take standard precautions to protect your valuables and cash. Money belts, which are discreet and comfortable to wear under your clothing, are an excellent solution for securing larger amounts of cash, passports, and other important documents. They are not bulky and can hold a surprising amount, offering peace of mind throughout your travels.
Bringing Money Into Denmark: Customs and Declarations
When entering or leaving Denmark, you are legally required to declare any amount of cash or valuables exceeding 10,000 euros (approximately 75,000 Danish kr). This includes not only physical currency but also travellers' cheques, personal cheques, and gold. Failure to complete a customs declaration form and submit it to the customs agency when crossing the border could result in significant fines and/or the seizure of your cash and valuables.
Frequently Asked Questions
Can I use my debit card in Denmark?
Yes, if your debit card is linked to either Mastercard or Visa, you can generally use it for purchases and ATM withdrawals in Denmark, much like a credit card.
Are US Dollars accepted in Copenhagen?
US dollars may be accepted for larger purchases in tourist areas of Copenhagen, but do not expect a favourable exchange rate. Any change will be returned to you in Danish kroner, also at a disadvantageous exchange rate.
Can I use Euros in Copenhagen?
Similarly to US dollars, euros might be accepted in Copenhagen for large purchases in tourist areas. However, you will likely receive a poor exchange rate, and any change will be given in kroner, again at a low exchange rate.
What is the currency of Denmark?
The currency of Denmark is the Danish krone (krone, plural kroner), symbolised as kr. One krone is divided into 100 øre.
Are travellers' cheques accepted in Denmark?
For the most part, travellers' cheques are no longer accepted at banks or currency exchanges in Denmark. It's best to rely on cards, mobile payments, or cash.
What are banking hours in Denmark?
As a general rule, banks in Denmark are open from 10 am to 4 pm, Monday to Friday. They are typically closed on weekends and public holidays. Denmark relies heavily on online banking, and very few physical bank branches now offer the opportunity to withdraw or deposit cash over the counter, with the exception of airport branches, which also usually do not offer foreign currency exchange facilities.
How much cash can I bring into Denmark?
You must declare any amount exceeding 10,000 euros (approximately 75,000 Danish kr) when entering or leaving Denmark. This includes cash, travellers' cheques, other cheques, and gold.
In conclusion, while Denmark is progressively moving towards a cashless society, especially in Copenhagen, it is wise for UK travellers to maintain a balanced approach. Rely primarily on your credit and debit cards (especially Visa and Mastercard) and embrace mobile payment apps for convenience. However, carrying a small amount of Danish kroner for local transport outside the capital or for smaller, unexpected cash-only situations can save you from minor inconveniences. Always prioritise paying in the local currency and be wary of high fees from certain ATMs to ensure your Danish adventure is as financially smooth as it is memorable.
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