Send Money to Denmark

Denmark is a popular Scandinavian destination for Canada's international money transfers. Discover the best way to send money to Denmark today.

Europe is always a favorite destination for Canadians wanting to live, work, study, or do business abroad. One of the top European destination countries is Denmark, famous for its high-value exports ¹, including machinery, mineral fuels, furniture, and electronic equipment.

Denmark is also home to the Lego Group, Greenland, and the oldest continuous monarchy in Europe.

With so much to offer, Denmark attracts a high demand for international transfers from Canadians buying property, sending money to loved ones, securing business interests, and covering expatriation costs.

Whatever your circumstances, you need to consider the best way to send money to Denmark from Canada. This article helps you explore your options to keep costs to a minimum.

How to send money to Denmark

Although there are several international money transfer options, not all are suitable in terms of cost-effectiveness, efficiency, or convenience. Generally, your two main options for sending money to Denmark are banks/credit unions or an FX specialist service. Let's consider how these two options fare when analyzed according to these benchmarks.

Cost-effectiveness. International payments via banks often carry expensive charges. Fortunately, you can avoid out-of-pocket expenses with bank-beating exchange rates and lower transfer fees from a currency specialist like MTFX.
Efficiency. You can send money to Denmark swiftly via your secure, online account and expect turnaround times of 24-48 hours. On the other hand, banks are prone to delayed transfer times.
Convenience. With MTFX, you can skip the long bank queues and enjoy the convenience of making international payments 24/7 from the comfort of your home or office.

Why the CAD to DKK exchange rate matters

The Danish krone is the official currency of Denmark, the country being one of the few EU members yet to introduce the Euro. So, the Canadian Dollar to Danish Krone rate is one of the top factors to consider if you're transferring Krones to a Danish bank account.

Access to great rates could mean hefty savings, especially if you have regular outgoing payments. For instance, an exchange rate lower by 3-5% than banks (the usual offering from MTFX) translates to up to $1500 saved for every $30,000 that makes its way across the border.

Get a read on the CAD to DKK exchange rate before initiating your transfer. Use MTFX's live currency rate calculator to know how much the rate is in your favor.

What bank details are needed to transfer money?

Whether you're sending money to your Danish account, someone else's, or a business account, you need the following details to transfer money:

Beneficiary name,
Beneficiary address
Beneficiary account number
Bank name
Bank Swift code
Bank address
Reason for transfer

Can I send money abroad online?

The international money transfer scene is now more innovative than ever, with specialist services like MTFX that provide access to a convenient online account. Your MTFX business or personal account allows you to send money abroad at the touch of a button.

MTFX's online platform is available 24/7. You can send money to Denmark, track payments, play around with currency exchange tools, or speak with an expert if you want a more personalized experience.

What's more, if you have regular overseas payments in the pipeline, such as student fees, living and expatriation expenses, or supplier costs, you can cut out the admin legwork by setting up automated payments.

Is it safer and faster to transfer money online?

Opening an MTFX account only takes a few minutes. Once you're all set up, you can send your money on its way and expect it to reach its destination account within 24-48 hours. MTFX has the technologies to facilitate a safe and secure transfer with every payment, anytime and anywhere.

Send money to Denmark today

If you are looking for cost-effective and hassle-free international payments, you can hit the jackpot by sending money via an experienced and efficient specialist service.

With MTFX, you benefit from a high level of expert guidance, a wide range of foreign exchange tools, and a secure online platform that puts you in the driver's seat of your international payments.

Save money – Bank beating rates that are 3-5% lower translate to international payments that make financial sense.

Enjoy convenience – You can send payments securely via the 24/7 online platform whenever necessary. You could also set up regular automated payments to cover your mortgage, tuition, or living expenses. Swift turnaround times mean your money reaches its destination within 24-48 hours.

Get free expert guidance – You can get help from MTFX's team of foreign exchange specialists to streamline the process.

Popular related articles;

Sources:

high-value exports

FAQs

Who can use the MTFX payment service?

Individuals and businesses who need to send money in foreign currency internationally can use MTFX’s services. The beneficiary of the transfer must have a bank account for the funds to be paid into. Personal clients usually use our services to transfer money between their own accounts in two different countries. Business clients usually use our services to transfer funds to suppliers, fund international operations, or repatriate overseas earnings.

Why should I use MTFX and not my own bank?

MTFX offers currency exchange rates that are 2-5% better than those offered by the banks. Personal clients usually save hundreds of dollars per transfer and for larger transfers, the savings can run into the thousands. We also offer excellent customer service, dedicated currency specialists, and a 24/7 online platform with best-in-class technology that allows you to complete transfers from any device virtually anywhere in the world. Business customers save with better currency exchange rates and proven solutions geared towards managing and mitigating foreign exchange risk. Our solutions include forward contracts, market orders, rate alert services, and much more - all backed by great technology and great people.

How do customers send funds to MTFX?

Funds can be transferred via wire transfer, Electronic Funds Transfer (EFT), or ACH payment services. MTFX maintains bank accounts in all major currencies with highly-rated banks. Our banking infrastructure ensures that you can transfer funds to us quickly and securely.

How long does it take MTFX to transfer funds?

Our global network of banking partners allows us to get funds to virtually anywhere in the world quickly and efficiently. Most wire transfers from MTFX will be received by your beneficiary within 24-48 hours. MTFX also offers same-day transfers that are almost instantaneous, as well as low-cost in-country payment services for your less urgent transfers. For further information please speak to one of our currency specialists.

VIEW ALL FAQS