Transferring money abroad

The payment method depends on the destination country, the information you provide about the payee, and so on. We will complete the payment in accordance with the general terms and conditions for foreign payments.

If there is not enough money in your account for a foreign payment, you will have three banking days to pay the funds to cover it, otherwise you’ll be notified by mail and charged a fee. If the payment was set up in eBanking, the payment will appear as rejected in the list of payments.

If you hold a Danske account abroad, you can transfer funds into it, free of charge, using eBanking.

This is easiest through eBanking, but you can make the transfer in a branch if you'd prefer. Either way, please note that we’ll charge you a fee, and it’s up to you how you split it with the payee. The fee will be higher if you make the transfer in the branch.

The charges will be smaller if your payment meets the criteria for EEA currency payments to EEA countries.

An international cheque is expensive for both you and the payee, because it requires manual processing, but the advantage is that you can make the payment if you do not have the payee's bank details.

You can order a cheque through Danske eBanking or by ordering one in a branch.

You can make sure that any incoming foreign payments go directly into your account by passing on your bank details to the payer, including IBAN and BIC/SWIFT code details. Learn more about IBAN and SWIFT codes.

If you have a Euro Currency Account with us you can make payments through the SEPA (Single European Payments Area) Core Direct Debit Scheme, making it easy for you to pay regular cross-border expenses.

IBAN stands for International Bank Account Number and is a number attached to all accounts in the EU countries plus Norway, Switzerland, Liechtenstein and Iceland.

The IBAN makes automatic processing of cross-border payments easier and enables the bank to check, immediately upon receipt, whether the account numbers are correct.

Using the IBAN when sending funds aids Straight through Processing (STP) and avoids any associated charges or manual processing fees.

Here is an example of how an IBAN is constructed for a fictional Danske Bank account with sort code 950121 and account number 12345678: