Compare Danske Bank NOK currency transfer options to/from Norway. You can beat Danske Bank exchange rates when making a Norwegian krone international money transfer or overseas payment, save time, money and get the best deal.
International currency transfers to or from your Danske Bank account in Norwegian krone, UK pounds, the euro and many other popular currencies will involve a margin or exchange rate of around 2.0% and additional bank transaction or commission fees may apply.
Danske Bank international currency transfer rates are much higher than most money transfer providers (money transfer providers rates range between 0.45 to 1.0%).
Sending foreign currency to or from your Danske Bank account in Norway 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 Norwegian krone (NOK) using Danske Bank services would have a transaction exchange rate margin of around 2.0% – or 20,000 NOK. Using a specialist broker, in this example TorFX – the exchange rate margin would work out at 0.7% – or only 7,000 NOK in total, which is a large saving over the bank service.
International money transfers from Danske Bank could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Danske Bank account holder to use their services. Danske Bank 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 NOK).
Unless you pay a premium, Danske Bank’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.
Danske Bank is a major bank for the Norwegian market (formerly named Fokus Bank) and is the Norwegian operation of Denmark’s Danske Bank, with over 40 local branches spread around all of Norway. Danske Bank has over 200,000 private customers and 15,000 business customers in Norway.
Find Danske Bank branch addresses near you with our geolocation map search. Simply enter the bank name (and optionally a city or country) and the map will display the closest Danske Bank branches in your search area results.
You can find answers to everyday banking questions at Danske Bank online. If you can’t find the answer you’re looking for, you can call them from outside the Norway on +47 9870 8540
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Doing some research and evaluating options will ultimately save you time and money: Compare money transfer providers