Is Multipass available for business in Denmark?

By Morten Andersen, cofounder of Business Bank Index
Reviewed by Fredrik Filipsson · Last reviewed 27 October 2025
Availability

Multipass for business in Denmark: Available

Key eligibility
For companies, including companies incorporated in Denmark; built for international business and accepts companies with or without local presence
Non resident position
Open to companies operating in Denmark with or without local presence; it is a UK based electronic money account, not a Danish bank account
Local currency support
Multicurrency IBAN covering DKK, EUR, GBP, USD and 70 plus currencies, with SEPA and SEPA Instant for euro payments
Headline monthly fee
Account maintenance from 100 GBP a month, plus an account opening fee from 500 GBP
Availability and fees as of 27 October 2025Last reviewed 27 October 2025

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

Multipass is available to businesses in Denmark. As of 27 October 2025, Multipass offers a multicurrency business account, with a dedicated Denmark page, to companies operating in Denmark with or without local presence. It provides a multicurrency IBAN covering DKK, EUR, GBP, USD and other currencies, with euro payments over SEPA and SEPA Instant. Note that it is a UK based electronic money account, not a Danish bank, so deposit protection does not apply. Verify current terms with the provider.

Does Multipass serve business customers in Denmark?

Yes. As of 27 October 2025, Multipass markets a business account for companies operating in Denmark, including those incorporated in Denmark, and lists Denmark among the markets it serves. The account is provided by a UK electronic money institution and gives a multicurrency IBAN rather than a Danish domestic bank account. It is aimed at international business such as import and export, e commerce and holding companies. Confirm the current position with the provider.

Eligibility for businesses in Denmark

Multipass onboards companies and requires identification, proof of business registration, company documents and details of directors and beneficial owners. It accepts companies operating in Denmark with or without a local presence, subject to its own risk and acceptance checks. As an electronic money institution it is not a bank and is not covered by a deposit compensation scheme. Verify with the provider

What it costs locally

For a business in Denmark, Multipass lists an account opening fee from 500 GBP and account maintenance from 100 GBP a month, with IBAN and local account details issued free. Getting paid in the EU like a local is listed from a few euros and local payouts carry per payment fees, while pricing may vary case by case. As of 27 October 2025

What local users report

Multipass positions itself for international companies that need to hold and move multiple currencies rather than for a simple domestic account, and it has received industry payment awards. Experience varies by business profile, and the pricing is higher than many app based accounts. Confirm current features and fees with the provider as of 27 October 2025.

How to open Multipass for business in Denmark

  1. Confirm your company can meet Multipass onboarding requirements, including business registration documents and details of directors and beneficial owners.
  2. Apply through Multipass and complete verification, noting the account opening fee from 500 GBP and maintenance from 100 GBP a month.
  3. Once approved, use your multicurrency IBAN to hold and send DKK, EUR, GBP, USD and other currencies, with SEPA and SEPA Instant for euro payments.
Open with Multipass →

Questions about Multipass in Denmark

Is Multipass available for business in Denmark?
Yes. As of 27 October 2025, Multipass offers a multicurrency business account to companies operating in Denmark, with or without local presence. It is a UK based electronic money account, not a Danish bank. Verify current terms with the provider.
Does Multipass support the Danish krone for a business in Denmark?
Yes, within a multicurrency IBAN. As of 27 October 2025, Multipass supports DKK alongside EUR, GBP, USD and 70 plus currencies, with SEPA and SEPA Instant for euro payments. Confirm current details with the provider.
How much does Multipass cost for a business in Denmark?
As of 27 October 2025, the Denmark page lists an account opening fee from 500 GBP and account maintenance from 100 GBP a month, with IBAN issuing free. Pricing may vary case by case, so verify with the provider.
Is Multipass a Danish bank with deposit protection?
No. As of 27 October 2025, Multipass is provided by a UK electronic money institution, so it is not a bank and a deposit compensation scheme does not apply. Verify the current position with the provider.

Availability, fees, and eligibility change. This page was last reviewed on 27 October 2025. Confirm the current position with Multipass before applying.

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