|SYDBANK||MIN. TRANSFER||SPEED||FX MARGIN RATE||*GUIDE RATES||MORE DETAILS|
|GBP £ - to DKK||NO MINIMUM||5/7 DAYS||5.0%||8.296|
|EUR € - to DKK||NO MINIMUM||5/7 DAYS||5.0%||7.099|
|BROKER RATES||MIN. TRANSFER||SPEED||FX MARGIN RATE||*GUIDE RATES||MORE DETAILS|
|GBP £ - to DKK||From £100||From 1 DAY||From 0.7%||8.671|
|EUR € - to DKK||From £100||From 1 DAY||From 0.7%||7.42|
Table *GUIDE RATES are updated daily (Monday to Friday) at 09:00 GMT.
Answer: Using Sydbank services, the exchange rates shown are typical. All banks have individual rates and commission structures for international currency transfers. Find the latest exchange rates for an overseas bank using our Bank Rate Comparison below:
Save on the exchange rate conversion when transferring money or monthly payments overseas from your Sydbank account in Danish krone, euros, the UK pound and other currencies. Sydbank international money transfers to or from Denmark have higher transaction charges, due to a less competitive exchange rate offered by Sydbank. Skip to: Denmark Money Transfer Specialists
Typically, sending funds to or from your Sydbank account in Danish krone (DKK), the UK pound or US dollar overseas bank account will involve a margin rate of 5.0% – much higher than most currency broker rates (typically 0.7 to 1.0%).
Sending foreign currency to or from your Sydbank account in Denmark needn’t be a complex matter, moreover, you can save time and money when you use a specialist currency broker instead.
Specialist foreign exchange companies including our recommended providers here can save you money and time on the transaction. Our recommendations are based on international coverage and office locations together with the lowest foreign exchange margin rates offered.
Example: A typical overseas currency transfer of 1,000,000 Danish krone (DKK) using Sydbank services would have a transaction exchange rate margin of around 5.0% – or 50,000 DKK. Using a specialist broker, in this example TorFX – the exchange rate margin would work out at 0.7% – or only 7,000 DKK in total, which is a large saving over the bank service.
International money transfers from Sydbank could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Sydbank account holder to use their services. Sydbank may additionally charge a flat rate commission fee when sending money abroad into another currency and bank transfer commission fees vary depending on the amount you need to transfer. Private brokers offer commission free currency transfers, typically over a value of £5000 (or 50,000 DKK).
Unless you pay a premium, Sydbank’s service will take from 5 to 7 days for your funds to arrive at the destination bank. Private foreign exchange companies typically complete the transaction either same day, or next day.
Created in 1970, Sydbank A/S is one of Denmark’s largest full service banks, serving Danish customers from over 100 local banking branches in Denmark, with an additional 3 branches in Germany.