Switching business account in Denmark, how the process works

Snapshot

Switching a business account in Denmark runs through a standard Request for Transfer between your old and new bank. The new bank asks the old bank to move accounts and to list your regular payments, balances move across, and you reassign your NemKonto if you want public payments to follow. As of 30 March 2026.

Switch service: A standard Request for Transfer between banks, not a single guaranteed switch with a fixed timetable. As of 30 March 2026.
Main task: Moving Betalingsservice agreements and other regular payments to the new account.
NemKonto: Reassign through nemkonto.dk with MitID or ask the new bank. As of 30 March 2026.
Closing fee: Generally none for closing a demand deposit account. Confirm with both banks.

Fees and features as of 30 March 2026Last reviewed 30 March 2026

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

Switching a business account in Denmark is mostly about moving your regular payments through the standard bank Request for Transfer. You open the new account, your new bank asks your old bank to transfer accounts and to prepare an overview of payments that are not registered with Betalingsservice, balances move across, and you reassign your NemKonto if you want public sector payments to follow. Keep the old account open until everything has settled. Figures and positions here are shown as of 30 March 2026. Confirm the current process with both banks.

How switching a business account works in Denmark

Denmark uses a structured bank to bank process rather than a single guaranteed consumer style switch. When you open the new account, your new bank can send a Request for Transfer to your old bank. The old bank then prepares an overview of regular payment transfers that are not registered with Betalingsservice, sends that overview to the new bank with a copy to you, and stops those payments. On receiving the request the old bank closes the accounts you asked to move and transfers the balances to the new bank. As of 30 March 2026.

Moving payments and balances

Agreements registered with Betalingsservice, the Danish direct debit service, generally follow your registration, while standing payments and supplier or customer details that sit outside it need to be set up again on the new account. Review at least a year of statements so you capture every recurring debit and credit, then give your new account number and registration number to the businesses that pay you and that you pay. Move funds in stages and keep a buffer in the old account for items still clearing. As of 30 March 2026.

NemKonto and closing the old account

If you want payments from the Danish public sector to reach the new account, assign it as your NemKonto through nemkonto.dk using MitID, or ask your new bank to do it. Keep the old account open for a period to catch pending items, then confirm it is closed. Guidance on the process indicates that you are generally not charged for closing a demand deposit account or for the overview of payments not registered with Betalingsservice, though other fees can apply. As of 30 March 2026.

What to line up before you switch

Prepare these before switching a business account in Denmark, as of 30 March 2026. Verify with the provider

A list of every Betalingsservice agreement, standing payment, and regular credit from at least a year of statements.
Your new account number and registration number ready to send to suppliers, customers, payroll, and payment platforms.
A plan to reassign your NemKonto and to keep a buffer in the old account for pending items.

How to switch step by step

Open the new business account and confirm it is active, using your CVR number and company details.
Ask the new bank to send a Request for Transfer, then check the overview of regular payments and set up anything that sits outside Betalingsservice.
Reassign your NemKonto, move funds in stages, watch the old account for pending items, then confirm it is closed.

Compare business accounts available in Denmark

These providers accept business customers in Denmark. Fees and eligibility shown as of 30 March 2026. Confirm current terms with the provider before applying.

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Questions about switching in Denmark

Is there a guaranteed switching service for business accounts in Denmark?

Danish banks use a standard Request for Transfer process where your new bank asks your old bank to move accounts and provide an overview of regular payments. It is not a single guaranteed switch with a fixed timetable in the way some consumer schemes work in other countries. The detail varies by bank. As of 30 March 2026. Verify with the provider.

How do you move Betalingsservice payments when switching in Denmark?

When you request a transfer, the old bank prepares an overview of payment transfers that are not registered with Betalingsservice and sends it to the new bank, with a copy to you. Agreements registered with Betalingsservice generally follow your registration details, while others need to be set up again on the new account. As of 30 March 2026. Verify with the provider.

Do you need to update your NemKonto when you change bank in Denmark?

If you want public sector payments to reach the new account, you assign it as your NemKonto. You can do this through nemkonto.dk using MitID or ask your new bank to update it. As of 30 March 2026. Verify with the provider.

Does the old Danish bank charge to close the account when you switch?

Guidance on the Danish switching process indicates that you are generally not charged for closing a demand deposit account or for the overview of payments not registered with Betalingsservice. Other fees can still apply, so confirm the full position with both banks. As of 30 March 2026.

Fees, features, and eligibility change and vary by region. This page was last reviewed on 30 March 2026. Confirm current terms with the provider before applying.